France

26-Dec-2017

France signs landmark US $ 253 million loan agreement to boost African Development Fund

The African Development Fund (ADF) has signed a significant concessional donor loan agreement with the Government of France to the tune of $ 253 million as support for the 14th replenishment of the Fund. Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African Development Bank Group and helps to improve the lives of millions of people across Africa through loans and grants to projects and programmes.  Its resources are replenished by donors every three years. The 14th...
07-Nov-2016

France provides €6-million grant to AfDB for the Africa Renewable Energy Initiative

The Government of France and the Africa Development Bank on November 6 signed a €6-million agreement for the implementation of the Africa Renewable Energy Initiative (AREI). The resources will help set up the Delivery Unit of the Initiative to be hosted at the African Development Bank The agreement was signed by Ségolène Royal, French Minister for Energy Environment, and Marine Affairs, and Frannie Léautier, Senior Vice-President of the AfDB. “I strongly welcome France’s contribution to the AREI. I hope that this commitment, will be an important catalyst for others in helping us reach our...
22-Jan-2016

African Legal Support Facility concludes capacity-building training on PPPs in infrastructure projects

The African Legal Support Facility (ALSF) and its partners concluded a five-day training focused on Public Private Partnerships (PPP) in infrastructure projects. Attended by PPP infrastructure experts from Burkina Faso, Cameroon, Côte d'Ivoire, Senegal, Togo, Congo, Mauritania and Nigeria, the training was held under the ALSF’s flagship Nomadic PPP training programme that seeks to address institutional, legal, contractual and financial aspects of PPPs. The training was held from January 18-22, 2016 at the Centre d'études financières, économiques et bancaires (CEFEB) headquarters in Marseille...
11-Jan-2016

Equipping PPP experts to promote bankable projects in Africa’s Energy Sector

Public Private Partnerships experts representing Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Senegal, Togo, Uganda, Congo, Mauritius and Kenya are participating in training on the legal, contractual and financial aspects of PPP projects in the energy sector. The five-day training will be held, from January 11-15, 2016 at the Centre d'études financières, économiques et bancaires (CEFEB) headquarters in Marseille, France.  “The PPP experts attending the training focused on the energy sector are expected to learn from each other and exchange lessons learnt from their individual...
17-Dec-2015

AfDB committed to increase its climate financing by 40% up to 2020: Vice-President Abou-Sabaa

While climate change is a major threat to Africa, the continent should seize the opportunities it represents, said African Development Bank Vice-President Aly Abou-Sabaa at the COP21 climate conference in Paris. Speaking on behalf of AfDB President Akinwumi Adesina, the Vice President for Agriculture, Water, Human Development, Governance and Natural Resources, represented the Bank at the second meeting of the Milano Group on Climate Adapted Agriculture and Food Systems that took place at the Palais des Congrès de Paris on December 5. The main objective of the meeting was to...
15-Dec-2015

Souk At-tanmia et Bpifrance Université : synergie et complémentarité pour l’accompagnement des entrepreneurs tunisiens

Souk At-tanmia et Bpifrance unissent leurs efforts pour renforcer le suivi des jeunes entrepreneurs Tunisiens. Cette collaboration s’inscrit pleinement dans les activités de promotion de la culture entrepreneuriale et de partage de connaissances de Souk At-tanmia et de Bpifrance au travers de son programme d’accompagnement Bpifrance Université. Elle vise à renforcer et élargir les compétences et les connaissances entrepreneuriales des bénéficiaires de Souk At-tanmia ainsi que de tous les jeunes dirigeants tunisiens, à travers un accès gratuit aux services offerts par la plateforme d’e-...
11-Dec-2015

Suspense at COP21 on world climate deal: Has Africa finally been heard?

Deal or no deal? Will COP21 lead to a deal ratified by the 196 parties to the United Nations Framework Convention on Climate change? Will this agreement be universal and binding? Above all, will it finally consider the interests of Africa? COP21 closes its doors this Friday 11 December after two weeks of intense negotiations and a heavy programme. But negotiations are continuing behind the scenes until the following day, Saturday 12 December. "We prefer to give ourselves the time to consult delegations throughout Friday," said the French presidency on Thursday 10 December after...
11-Dec-2015

AfDB approves 6 climate finance readiness projects in 2015

The African Development Bank selected in 2014 22 proposals of climate finance readiness projects for appraisal. They were selected out of 362 proposals received after a first call of proposals mid-2014. 6 of the 22 proposals were retained. Kurt Lonsway, AfDB Manager for Environment and Climate Change, made the disclosure on the eleventh day of the COP 21 in Paris when he featured on a high level discussion panel on advancing Africa's 'readiness' for climate resilient, low carbon development and green economy. Lonsway said the Bank recognises the importance of helping African countries...
11-Dec-2015

AfDB tasks governments and private sector on renewable energy

“Investments in renewable energy should be the concern of both the government and the private sector. This is one of the best ever innovations in COP conferences and it is time private investors in Africa wake up and seize the opportunity, notes Assaad Razzouk, chairman of Association for Sustainable and Responsible Investment in Asia. He was speaking during a discussion on the theme, “Creating Enabling Environments for Private Sector Finance for Renewable Energy in Africa,’’ which held on the tenth day of the Paris climate talks on Wednesday, 9 December. Hosted by the African...
10-Dec-2015

Experts link climate information with flood risk management in Africa

Failure to include women in decision-making, lack of information on early warning signs on climate change and weak national meteorological centres have hampered communities’ capacity for coping and adapting to climate change impacts. Speakers on the ninth day of the UN climate change conference COP21 at the African Pavilion in Paris, France, called for linking communities with climate data and information services for climate risk management. Denis Opiyo, a lecturer at Maseno University in Kenya, noted that inadequate information and weak institutional mechanisms for climate change...
09-Dec-2015

Green growth can turn Africa’s problems into opportunities, experts say

Africa has been facing a number of challenges such as high inequalities, underdevelopment and lack of power, but these and many others can be turned into opportunities if the continent takes the path of green growth, Ngozi Okonjo-Iweala said. The Commissioner with the New Climate Economy and former Nigerian Finance Minister made these comments during a panel discussion on Financing Sustainable Pathways for Development, on Tuesday, December 8 at COP21 in Paris. Okonjo-Iweala said, aside from the problems the continent has been facing, Africa has also been experiencing tremendous growth,...
08-Dec-2015

African Ministers insist on a legally binding agreement in Paris

African Ministers for the Environment held a high-level meeting at the Africa Pavilion at the ongoing United Nations climate change conference in Paris, France. The Ministers from Africa’s 54 nations were briefed on the status of the Conference of Parties (COP21) and key points which they should focus on in the penultimate session of the discussions. Speaking to the Ministers, UN Secretary General Ban Ki-moon stressed that Africa is particularly vulnerable to the effects of climate change. Much of its economy depends on a climate-sensitive natural resource base, including rain-fed...
05-Dec-2015

World Bank and AfDB announce $600 million in support for hydrometeorology in Africa

The World Bank in partnership with the African Development Bank (AfDB) and the World Meteorological Organization has announced a US $600 million programme to improve hydrometeorological services in 15 West African countries. The programme, Strengthening Climate Change and Disaster Resilience in Sub-Saharan Africa, aims at improving meteorological services in Africa where most countries have poor infrastructure and lack modern technology for reliable and timely capture and transmission of meteorological information to the public. In his opening remarks during a side event at the ongoing...
04-Dec-2015

Those who pollute more should do more to save our planet: AfDB

A famous quote goes: “From those to whom much is given, much is expected.” This is the message that the African Development Bank (AfDB) is delivering on behalf of Africa at the global conference on climate change, COP21, which opened Monday, November 30 in Paris. “All fingers are not equal. Those who pollute more should do more to save our planet,” said AfDB President Akinwumi Adesina during a side event organized by multilateral development banks (MDBs) at the ongoing climate change conference. While major climate financing pronouncements were made during the meeting, the AfDB’s...
04-Dec-2015

Young African Lawyers backstopping African Group of Negotiators

A group of past and present members of the African Group of Negotiators (AGN) has called on African institutions to start offering courses in climate change to help them deal with emerging environment matters. The speakers observed that Africa lacks experts in climate change and law related to climate change and youth should be trained to take over the role of finding solutions to the climate change effects. Speaking at the Africa Pavilion during the ongoing Conference of Parties (COP21) in Paris, France, the speakers observed that for the continent to have a positive impact on climate...
03-Dec-2015

Lake Chad, a living example of the devastation climate change is wreaking on Africa

African Governments, especially those of the Lake Chad Basin region, want to secure the future of the precious but dwindling water body. The officials and experts have expressed the need for adaptation actions as a priority to save the lake and the lives of the over 20 million people living in the area. At the presentation of a new plan of action to revive the lake at the COP21 climate summit in Paris on December 2, members of the Lake Chad Basin Commission said the local economy of the people in the region depended on the lake activities such as fishing, agriculture and pastoralism in...
02-Dec-2015

AfDB pledges affirmative climate finance action to boost agriculture business for women

“It is amazing that many women in Africa continue to use hoes to till the soil in their small-scale farms in this age of technological advancement,” Nkosazana Dlamini Zuma, Chairperson of the African Union Commission, said Tuesday as she addressed officials at the launch of the African Renewable Energy Initiative at COP21 in Paris, France. “We are calling on the President of the African Development Bank to ensure that the use of such archaic working tools for women becomes history,” Zuma said Tuesday. The good news is that the African Development Bank had in store plan for a...
01-Dec-2015

COP21: Obama echoes Africa’s aspirations

As attention turns to Paris for the much-anticipated UN climate conference (COP21), US President Barack Obama has agreed with proponents of a pro-poor deal that ensures more support for developing economies to adapt to climate change impacts. The US President’s message echoes what some stakeholders, such as the African Development Bank (AfDB), have been calling for over the years, namely more support to developing countries, most of which are in Africa, not only to adapt, but to transform their economies to low carbon pathways. “As one of America’s governors said, we are the first...
01-Dec-2015

AfDB President hails Green Wall Virtual technology at COP21

The President of the African Development Bank, Akinwumi Adesina, was one of the first high-profile visitors to the Great Green Wall project, a virtual film on climate change challenges and efforts afoot by grass root communities to build resilience and adaptation mechanisms against the effects of climate change. “I think it is quite an innovative technology permitting visitors to not only listen to what is happening on the ground in other countries, but to live the realities by watching this virtual film,’’ Adesina observed after watching the film. The AfDB President visited some major...
30-Nov-2015

AfDB President and Bank delegation to showcase Bank’s climate change interventions in Africa at COP21 in Paris, France

The Twenty-first session of the Conference of the Parties (COP 21) and the eleventh session of the Meeting of the Parties (MOP 11) serving as the meeting of the Parties to the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC), will be held in Paris in 30 November -11 December 2015. At COP 21, it is expected that Parties will adopt a new universal climate agreement that would come into effect and be implemented from 2020. The African Development Bank (AfDB) is involved in this event at various levels. First, as an Observer to the United Nations Framework...