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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;...
10-Jun-2016

President Adesina outlines Bank’s new agenda for transformation on first official visit to Finland

On June 9, 2016, the President of the African Development Bank Group, Akinwumi Adesina, met with Finnish officials, in Helsinki, in the last leg of his three-country Nordic visit. In the different meetings, President Adesina thanked Finland for its support to the African Development Bank (ADB) and the African Development Fund (ADF), and called for its continued support to the 14th ADF replenishment. Finland joined the ADF in 1973 and the AfDB in 1982. It has a EUR 14 million bilateral trust fund with the Bank, which focuses on water management, climate change, forestry management, adaption...
10-Jun-2016

AfDB President discusses partnerships and cooperation during meetings in Stockholm, Sweden

On June 8 2016, the African Development Bank Group President, Akinwumi Adesina, met with Swedish officials, in Stockholm, in the second leg of his three-country Nordic visit. In the different meetings, President Adesina thanked Sweden for its support to the African Development Bank (ADB) and the African Development Fund (ADF), and called for its continued support to the 14th ADF replenishment. Sweden joined the ADF in 1973 and the AfDB in 1982. It contributes to several trust funds in the Bank, such as the Agriculture Fast Track Fund, the Governance Trust Fund and the Zimbabwe Multi-Donor...
26-Apr-2016

Ahead of the curve – the AfDB at the World Bank-IMF Spring Meetings

The African Development Bank may be smaller by numbers than other multilateral development banks (MDBs), not least the World Bank, but its voice is loud, its expertise is ground-breaking, and its local character is defining. One of the constant threads of the 2016 World Bank-IMF Spring Meetings was the acknowledgement that other MDBs can learn from the AfDB, and not just in Africa. It leads the field in three particular areas: MDB exposure exchange; support for fragile states; and using funds designated for private-sector lending, in poorer countries. MDB exposure exchange For instance...
19-Apr-2016

The World Bank-IMF Spring Meetings: Much happens in the margins

Discussing donor concerns, aligning with other multilateral development banks and international organisations, building support for the AfDB’s ‘High 5’ priorities and the current Replenishment of the African Development Fund (ADF): Akinwumi Adesina, President of the African Development Bank, continued to work in the margins of the World Bank-IMF Spring Meetings in Washington, from Friday, April 15 to Monday, April 18.  After a full opening day on Thursday, April 14, he began Friday, April 15 with further media interviews before meeting Rachel Kyte, CEO of the Sustainable...
17-Apr-2016

Opening Speech at the First Meeting of the 14th Replenishment of the African Development Fund Delivered by Akinwumi A. Adesina, President of the African Development Bank Group - March 17, 2016 - Abidjan, Côte d’Ivoire

Dear Governors, Board of Directors, ADF Deputies, Observers from other development organizations, Bank staff, Ladies and Gentlemen. On behalf of the Board of Directors and the management and staff of the Bank Group, I welcome you back to Abidjan for this first meeting of the Fourteenth Replenishment of the African Development Fund (ADF). We thank our hosts, the Government of Côte d’Ivoire, for greatly facilitating the work of the Bank Group. At the mid-term of ADF-13, we discussed the progress made thus far in the current replenishment cycle. I also put forward my strategic vision and...
18-Mar-2016

African Development Fund - Anil Sood interview

18-Mar-2016

African Development Fund - Luisa Diogo Interview

18-Mar-2016

Fonds africain de développement - Mariam Mahamat Nour, Gouverneure pour le Tchad du Groupe de la BAD

« Nous comptons sur le FAD pour diversifier notre économie »