ADF

28-Nov-2016

ADF-14 : Improving their future in Senegal and Madagascar

28-Nov-2016

Third meeting of the 14th Replenishment of the African Development Fund (ADF-14) in Luxembourg

The Third meeting of the Fourteenth Replenishment of the African Development Fund (ADF-14)  of the African Development Bank Group (AfDB) will take place from 28 to 29 November, 2016, in Luxembourg. The President of the Bank Group , in close collaboration with the Board of Directors and senior Bank management, will pursue consultations with State participants on the various options for mobilizing additional subscriptions and supplementary resources towards the Fourteenth Replenishment of the resources of the Fund. The meeting will take place within the context of an overall aim of...
28-Nov-2016

Home stretch for ADF-14

On November 28 and 29, 2016, the third and final replenishment meeting for the 14th replenishment of the African Development Fund (ADF-14) is taking place in Luxembourg, following two previous meetings held in Abidjan in March and June 2016. This is the opportunity for donors to the Fund to mobilize the resources that will support development projects financed by the ADF from 2017 to 2019, as part of the African Development Bank Group’s Ten Year Strategy. Several of the Fund’s recipient countries will also be present along with observers from peer...
23-Nov-2016

Spotlight on the African Development Fund

Heriniaina, or “Life Force” in Malagasy, confidently stands on her land in Tanandava. She has made the most of her plot, saving enough money to acquire an additional hectare of land and a tractor worth 3,000 euros. The tractor has enabled her to double her harvest. Heriniaina, a member of a local women’s association, is miles ahead of many other local farmers, who still use zebus to cultivate their land. She also rents her tractor to increase her earnings. “My life has changed,” she says. Heriniana is a beneficiary of the irrigation project funded by the African Development Bank Group (...
25-Oct-2016

US $350 million raised for Abidjan Sanitation Program – Phase II

Phase II of the Abidjan Sanitation Program has received a significant boost following the mobilization by donors of over US $350 million out of the required US $400 million needed to fund the program successfully. This program, which was presented to donors at a roundtable discussion in Abidjan on October 20-21, 2016, is designed to eradicate the recurring floods in the city of Abidjan and to resolve most of the sanitation-related challenges. The African Development Bank (AfDB) is contributing US $112 million and US $28 million through the African Development Fund (ADF). The West African...
24-Oct-2016

AfDB Group to co-host the 5th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference in Seoul

An African Development Bank (AfDB) Group delegation led by President, Akinwumi Adesina, will attend the 5th KOAFEC Ministerial Conference in Seoul, South Korea from October 24-27, 2016. The Bank is co-hosting the conference whose theme is: “Transforming Africa’s Agriculture through Industrialization and Inclusive Finance”, with the Korea Ministry of Strategy and Finance (MOSF), and the Export-Import Bank of Korea (EXIM). The theme emphasizes the business value of agriculture to Africa’s socio-economic transformation. The KOAFEC Ministerial Conference, which has...
12-Oct-2016

Agreement establishing the African development fund - 2016 Edition

Signed on the twenty-ninth day of November, 1972, in Abidjan, Côte d’Ivoire, by the African Development Bank and 15 States;
27-Aug-2016

Bank Group participates in TICAD VI

An African Development Bank (AfDB) Group delegation led by the Bank President, Akinwumi Adesina, will attend the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi from August 27-28, 2016. This will be the first time TICAD is being held in Africa since its inception in 1993, demonstrating the strong African ownership and deepening partnership among TICAD stakeholders. Co-organised by the Government of Japan, the United Nations Office of the Special Advisor on Africa (UN-OSAA), the United Nations Development Programme (UNDP), African Union Commission...
26-Aug-2016

African Development Bank Group and JETRO sign MOU on collaboration

The African Development Bank Group and the Japan External Trade Organization (JETRO) have signed a Memorandum of Understanding (MOU) at the Sixth Tokyo International Conference on African Development (TICAD VI), currently underway in Nairobi, Kenya. The MOU was signed on Friday, August 26, by President Akinwumi Adesina of the AfDB Group and Hiroyuki Ishige, the Chairman and CEO of JETRO. The objective of the MOU is to establish a general framework to promote collaboration between the two on common interest areas such as infrastructure development in Africa, and participation of Japanese...
13-Jul-2016

AfDB-Rwanda – Board approves USD 50 million for Skills, Entrepreneurship Development and Job Creation Programme

The Board of Directors of the African Development Bank (AfDB) has approved an African Development Fund (ADF) loan of USD 50 million to finance the third phase of the Skills, Employability and Entrepreneurship Programme (SEEP III) and jobs creation in Rwanda. This Sector Budget Support operation will spur the government's inclusive growth and poverty reduction efforts. It will also help to create about 30,000 new off-farm jobs mainly for youth and women in 2016 and 2017. SEEP III seeks to consolidate the achievements under SEEP I and SEEP II, to firmly place Rwanda on the path to high value...
07-Jul-2016

Transport and ICT projects financed by the AfDB in 2015 to create thousands of jobs, increase mobility and improve the lives of millions

The impacts arising from investments made by the African Development Bank Group in 2015 will collectively improve mobility of at least 1.2 million users of public transport, result in employment generation of about 200,000 jobs in the ITC sector and benefit almost 18 million people from improvements in road infrastructure. These are the findings of the AfDB’s 2015 Annual Report on Transport and Information and communications technology (ICT) released July 1, 2016. “The expected impacts over the next few years in integrating Africa, boosting agriculture, and facilitating industrialization...
01-Jul-2016

Fragile contexts, a key focus of ADF-14

More than 56 million people require humanitarian assistance and more than 17 million are displaced across Africa, according to the African Development Bank. This fragile situation is largely a consequence of conflict and natural disasters, and based on current trends, poverty will be increasingly concentrated in countries in fragile situations, says the Bank in a paper presented at the second meeting of the 14th Replenishment of the African Development Fund (ADF-14). The event is taking place June 30-July 1, 2016, in Abidjan, Côte d’Ivoire. The paper, ‘Leaving no one behind: The role of...
30-Jun-2016

Opening speech at the 2nd negotiations meeting of the African Development Fund, Akinwumi Adesina, President, African Development Bank Group, Abidjan, 30 June 2016

Governors, ADF Deputies, Executive Directors, observers from other multilateral development banks, staff of the African Development Bank Group, ladies and gentlemen.... Welcome back to Abidjan – we are delighted to see you again. We are here to discuss not just ‘a’, but in many people’s minds, ‘the’ great instrument of hope for the poorer people and countries on this continent of Africa. The African Development Fund. You know the vital statistics: over 40 years of existence; over $40 billion of loans and grants made; and – not ‘over’ but in fact just under – 40 countries receiving...
30-Jun-2016

Charting Africa’s Progress: African Development Bank launches MapAfrica 2.0

The African Development Bank has released a new online tool that enables anyone in the world to see at a glance how the Bank’s projects are boosting Africa’s economies and making Africans’ lives better. MapAfrica 2.0 is an interactive online portal that shows where the Bank is making an impact on the continent — and how 800 of the Bank’s projects relate to its “High 5” development priorities: Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the African people. As well as making the Bank’s work visible to a global...
30-Jun-2016

Des orientations stratégiques majeures pour booster le FAD-14

Créer les conditions d’un accompagnement efficace des pays d’Afrique à faible revenu, en l’occurrence ceux en situation de fragilité, dans la réalisation des Objectifs de développement durable (ODD). C’est le credo du Fonds africain de développement (FAD) qui,  pour ce faire, cible quatre domaines transversaux. D’une importance cruciale pour la croissance inclusive et verte, ceux-ci portent sur la fragilité, la gouvernance, le genre et le changement climatique. La quête d’un mieux-être pour ces État fragiles s’appuie avant tout sur les objectifs de la Stratégie décennale de la Banque...
29-Jun-2016

African Development Fund - The Menengaï Project in Kenya

29-Jun-2016

Tchad - La BAD soutient la 2eme phase du programme d’appui aux réformes des finances publiques

Le Conseil d’administration de la Banque africaine de développement (BAD)  a approuvé  un don du Fonds africains de développement (FAD) de 16,85 millions de dollars ; un Prêt FAD de 6,1 millions de dollars; et un don de la Facilité d’Appui à la Transition (FAT) de 21,3 millions de dollars en faveur du Tchad, soit un montant total de 44,2 million de dollars pour le financement de la seconde phase du programme d’appui aux réformes des finances publiques (PARFIP-II).  L’objectif de développement du PARFIP-II est de consolider et de renforcer la qualité de la dépense...
29-Jun-2016

Second meeting of the 14th Replenishment of the African Development Fund (ADF-14)

The second meeting of the Fourteenth Replenishment of the African Development Fund (ADF-14) will take place from 30 June to 1 July, 2016, in Abidjan, Cote d'Ivoire. The President of the Fund, in close collaboration with the Board of Directors and senior Bank management, will pursue consultations with State Participants on the various options for mobilizing additional subscriptions and supplementary resources towards the Fourteenth General Replenishment of the resources of the Fund (i.e. ADF-14). The meeting will take place within the context of an overall aim of sustaining the...
29-Jun-2016

New meeting in Abidjan for ADF-14: Financing the development of a winning Africa

This week sees the opening of the 2nd meeting for the fourteenth replenishment of the African Development Fund (ADF-14) under the aegis of African Development Bank President Akinwumi Adesina, following the first replenishment meeting in March. The gathering, held behind closed doors on June 30 and July 1, will be attended by the Deputies – representatives of donor countries to the Fund – as well as those of the governments of regional member countries, the AfDB Group and observers from peer institutions, all under the coordination of Richard Manning, Senior Research Fellow at the Blavatnik...
17-Jun-2016

AfDB President brings Africa to the Americas as co-chair of the 22nd Conference of Montreal

For three days this week, African Development Bank Group President Akinwumi Adesina brought Africa to the Americas, and the AfDB to Canada, as the co-chair of the 22nd International Economic Forum of the Americas - Conference of Montreal.  The Forum closed on Thursday. It was the President’s first official visit to Canada since assuming office on September 1, 2015, and he delivered impassioned speeches that touched on issues ranging from Africa’s huge, and largely untapped, potential for renewable energy; climate change and fragility; women’s financial empowerment; youth employment;...