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African Development Bank Group, Ethiopia, sign $118 million in grant agreements to support agro industrial park, youth employment and Ethiopia-Djibouti power interconnection
22-Jul-2021 - The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.Seychelles: African Development Bank approves $20 million loan to support Covid-19 recovery
22-Jul-2021 - The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term.
Fitch affirms Triple A-rating of the African Development Bank. Outlook stable
22-Jul-2021 - Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management policies as ‘conservative’ and assesses them as ‘excellent’, in line with AAA-rated peers. “Concentration risk is 'low', with the bank’s five largest exposures accounting for 32% of total banking portfolio at end-2020.”African Development Bank's extractives sector project to stimulate domestic resource mobilization in Africa’s transitional countries
21-Jul-2021 - The African Natural Resources Centre of the African Development Bank has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at strengthening domestic resource mobilization and institutional capacity and economic resilience in transitional countries.Lesotho: African Development Fund extends $4.25 million loan to modernize tax collection, boost revenue
19-Jul-2021 - The Board of Directors of the African Development Bank Group has approved a loan of $4.25 million to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s tax base and boost government revenue.
Call for Papers—Deadline Extension: 2021 African Economic Conference
19-Jul-2021 - The 2021 African Economic Conference (AEC), jointly organized by the United Nations Development Programme (UNDP), the African Development Bank (AfDB), and the Economic Commission for Africa (ECA) will be held in Cabo Verde, as well as virtually, from 2 to 4 December 2021. Since its inception in 2006, the AEC series has fostered dialogue and the exchange of knowledge on a variety of issues and challenges facing Africa. The theme of this year’s conference is: Financing Africa’s post Covid-19 Development. Three sub-themes are particularly...
Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say
17-Jul-2021 - The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed.Mauritanie : la Banque africaine de développement accorde dix millions d’euros à la BCI pour renforcer le rôle des PME dans la relance économique
16-Jul-2021 - Le Conseil d'administration de la Banque africaine de développement a approuvé, vendredi à Abidjan, une ligne de crédit de dix millions d’euros à la Banque pour le Commerce et l’Industrie(BCI) de Mauritanie afin de renforcer ses activités de financement du commerce international en faveur des petites et moyennes entreprises dans des secteurs stratégiques.Efficacité énergétique et solutions innovantes : appel à candidatures pour les start-up
16-Jul-2021 - L’association Light On organise, jusqu’au 31 juillet prochain, avec le soutien du Groupe de la Banque africaine de développement et d’autres partenaires, le concours « Salon de l’énergie et du développement durable » (SEDD for Innovation).
Fashionomics Africa, Google train African fashion entrepreneurs in digital marketing strategies
16-Jul-2021 - The African Development Bank’s Fashionomics Africa initiative and Google held a 2-hour virtual masterclass on using digital tools and social media for African fashion entrepreneurs.Le Groupe de la Banque africaine de développement co-organise une mission de préparation du projet Agropole Centre du Sénégal
15-Jul-2021 - Le Groupe de la Banque africaine de développement a organisé, du 7 au 15 juillet à Dakar, en partenariat avec la Banque européenne d’investissement, l’Agence belge de développement (ENABEL) et le gouvernement sénégalais, une mission de préparation du Projet de zone de transformation agro-industrielle du Centre du Sénégal (PZTA-Centre ou Agropole-Centre).African Development Bank launches $2.75 billion 0.875% Global Benchmark due 22 July 2026
15-Jul-2021 - The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a $2.75 billion 5-year Global Benchmark bond due 22 July 2026, its second of the year.Changement climatique : la société civile africaine s’engage à jouer un plus grand rôle dans l’adaptation et la résilience face au Covid-19
15-Jul-2021 - La Division Société Civile et Engagement Communautaire de la Banque africaine de développement, en partenariat avec le Conseil Economique, Social et Culturel de l’Union africaine et les Centres africains pour le contrôle et la prévention des maladies (Africa-CDC), a organisé, le 8 juillet dernier, un webinaire sur « l’engagement de la société civile dans la construction de l’adaptation climatique pour une croissance résiliente pendant la pandémie de Covid-19. »Technical and Vocational Institutions must build STEM skills in Africa’s Youth - ADEA Webinar
14-Jul-2021 - The Covid-19 pandemic has accelerated digitization in the workplace, sharpening the need for technical and vocational training aligned with Africa’s development needs and youthful population and focused on science, technology, engineering and mathematics (STEM). This was the main takeaway from a webinar organized by the Association for the Development of Education in Africa on 8 July 2021.
Tunisie : la Banque africaine de développement mobilise 60 millions d’euros pour la relance économique et le renforcement de l’inclusion sociale
14-Jul-2021 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, le 14 juillet à Abidjan, un financement de 60 millions d’euros en faveur de la Tunisie pour la mise en œuvre du Programme d’appui à la relance économique et à l’inclusion sociale.Ghana: African Development Bank, KOAFEC fund database system to improve utility regulation for the Public Utilities Regulatory Commission
14-Jul-2021 - The African Development Bank and the Korea-Africa Economic Cooperation (KOAFEC) Trust Fund have funded a Database Management System (DBMS) to improve the operations and functions of the Public Utilities Regulatory Commission (PURC) of Ghana. The system will enable the commission to improve its regulatory functions by improving its ability to collect, analyse and monitor data for utility regulations.
African Development Bank, partners, renew commitment to end child stunting in Africa
14-Jul-2021 - Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of the African Development Bank, the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership.Africa’s potential in the blue economy highlighted in the World Water Congress
13-Jul-2021 - Thirty-eight countries in the African continent are bordered by the ocean or the sea, but for 70% of them, their maritime exclusive economic zones are largely under-exploited. The maritime zones under African jurisdiction cover some 13 Million km2 and some 6.5 km2 of continental shelf.