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Niger: African Development Bank President attends historic African Union summit, decries child marriage

08-Jul-2019 - 08-Jul-2019 - Niamey, Niger 08 July 2019 – The president of the African Development Bank, Akinwumi Adesina joined continental leaders in Niger for an African Union summit which saw the official launch of the African Continental Free Trade Area agreement – the world’s largest free trade area since the formation of the World Trade Organization. The agreement, ratified in April, will cover a market of 1.2 billion people and an estimated gross domestic product (GDP) of $2.5 trillion, across all 55 member States of the...

African Legal Support Facility appoints new chairman and two board members

05-Jul-2019 - 05-Jul-2019 - The African Legal Support Facility (ALSF) has bid a fond farewell to the outgoing members of the Management Board, the Chairperson, Dorcas Auma Achapa (Kenya) and Professor Dandi Gnamou (Benin) for their three years of excellent contributions to the organization. Afterwards, the ALSF warmly welcomed two additions to its Management Board – Eva Jhala (Zambia) and Nimatou D. Feliho (Benin). The two will serve for three years. The passing of the torch occurred on 10 and 11 June at the Annual Meetings of the ALSF in Malabo,...

Gestion des ressources et transfert d’eau : une délégation du Maroc et des représentants de la Banque africaine de développement en voyage d’études aux États-Unis

05-Jul-2019 - 05-Jul-2019 - Dans le cadre du don d’assistance technique « KOAFEC » accordé au Royaume du Maroc, un voyage d’études visant à appuyer le département de l’eau du Royaume dans la planification et la conception du projet de transfert d’eau Nord-Sud a été effectué du 24 au 29 juin derniers aux États-Unis. Cette visite de travail s’inscrivait dans le cadre du développement de la coopération entre le Maroc et les États-Unis dans le domaine de l’eau : réalisation, gestion et exploitation des infrastructures de stockage mais aussi...

African Union Commission calls for further financial input for the NEPAD-IPPF Special Fund

05-Jul-2019 - 05-Jul-2019 - Addis Ababa, 05 July 2019 – The 29th Oversight Committee (OC) meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund held at the headquarters of the African Union Commission in Addis Ababa, Ethiopia, has ended with calls for increased investments to accelerate the closure of Africa’s infrastructure gap. The meeting, held on 28 June 2019, was hosted by the AUC and chaired by KfW Development Bank (Germany). Topics discussed included the NEPAD-IPPF...

African Development Bank to meet Nigerian business leaders next week ahead of African Investment Forum

04-Jul-2019 - 04-Jul-2019 - WHO:             African Development Bank, Africa Finance Corporation WHAT:           African Investment Forum Roadshow WHERE:         Transcorp Hilton, Abuja, Nigeria WHEN:           July 9, 2019 at 8.30 am   The African Development Bank Group, and the Africa Finance Corporation, will meet industry and business leaders in...

AU Summit: President Adesina to lead African Development Bank’s delegation, Continental Free Trade Area talks to top summit agenda

04-Jul-2019 - 04-Jul-2019 - Abidjan, Côte d'Ivoire, 4 July 2019 - African Development Bank Group President Akinwumi Adesina will next week lead a delegation of top Bank officials to the extraordinary summit of Heads of State and Government of the African Union (AU) in Niger’s capital, Niamey. High on the agenda of the July 7-8 summit are discussions on the African Continental Free Trade Area (AfCFTA). President Adesina will meet African leaders to review the continent's development issues, and hold talks on the effective implementation of the AfCFTA...

Africa needs bolder private financing models for power transmission lines - energy experts

04-Jul-2019 - 04-Jul-2019 - Abidjan, Cote d’Ivoire, 4 July 2019 – Africa’s power sector leaders must devise new mechanisms to attract more private sector investment into power transmission lines, energy experts agreed at a technical roundtable last week. The meeting, hosted by the African Development Bank to mark the 3rd Africa Energy Market Place (AEMP), explored how to structure private sector financing to meet the investment needs of transmission lines. It also covered the investment priorities of transmission companies, alternative funding options,...

La Banque africaine de développement organise un séminaire des Institutions financières de développement du secteur privé à Madagascar

02-Jul-2019 - 02-Jul-2019 - Qui:        Banque africaine de développement  Quoi:     Séminaire de la plateforme des institutions financières de développement pour le développement du secteur privé à Madagascar Où:        Centre de conférence international Ivato, salle Emeraude Quand:  04 juillet 2019, de 09h à 13h00 La Banque africaine de développement organise, pour la première fois, un séminaire de la plateforme des institutions financières...

“Nations may go through fragility, but they can exit and become stable, dynamic, prosperous and resilient to debilitating shocks,” says Akinwumi Adesina, President of the African Development Bank

02-Jul-2019 - 02-Jul-2019 - African Development Bank President Akinwumi Adesina has called for greater financial resources to expand the work of the African Development Fund, the concessional window of the Bank Group. Adesina made the appeal on Tuesday during the opening ceremony of a meeting to discuss the 15th replenishment of the Fund, held from 1 to 3 July in Antananarivo, the capital of Madagascar. Adesina said the Fund had played a substantial role in fragile African countries. The opening ceremony of the meeting was attended by representatives...

African Development Bank signs agreement to open Central Africa regional headquarters in Yaoundé

02-Jul-2019 - 02-Jul-2019 - Yaoundé, Cameroon, July 3, 2019 – The African Development Bank Group on Tuesday signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states to prop up economic integration. Cameroon’s Foreign Minister Lejeune Mbella Mbella and Khaled Sherif, Bank Vice President for Regional Development, Integration and Service Delivery, signed the agreement in Yaoundé. Top government officials, including 11 ministers and diplomats, attended the event...

African Development Bank on roadshow in Seoul and Tokyo to woo Asian investors ahead of 2019 Africa Investment Forum

01-Jul-2019 - 01-Jul-2019 - WHO: African Development Bank, Trade Development Bank WHAT: Africa Investment Forum Roadshow in Asia WHERE: Seoul, South Korea and Tokyo, Japan WHEN: 1st - 4th July, 2019 Representatives of the African Development Bank will meet Asian champions of industry and businesses this week in Seoul, South Korea and Tokyo, Japan to mobilize investors ahead of the Bank’s second Africa Investment Forum.     The Africa Investment Forum − the continent’s biggest investment marketplace for accelerated economic...

The African Development Fund improving and impacting lives of millions in Africa

01-Jul-2019 - 01-Jul-2019 - Established to provide concessional buffer to needy economies on the continent, the African Development Fund (ADF), is not only facilitating rapid rollout of development projects, but its investments continue to transform and sustain lives, beneficiaries say. In 38 of the continent’s neediest countries, the Fund is creating linkages to promote regional integration, commercial exchanges and enhancing food security by investing in power projects, roads and bridges, and other critical industrial and livelihood buildouts....