The High 5s

06-Sep-2019

Afrique : La Banque africaine de développement soutient la sylviculture en Afrique orientale et australe avec un investissement de 20 millions de dollars

Le Conseil d’administration de la Banque Africaine de Développement a approuvé jeudi 5 septembre 2019, à Abidjan, un investissement de 20 millions de dollars américains en faveur du Fonds africain de la sylviculture (FAS II). FAS II est géré par Criterion Africa Partners (CAP) une société d’investissements spécialisée dans le secteur forestier et basée en Afrique du Sud. La prise de participation proposée de la Banque Africaine de Développement (BAD) se chiffre à 20 millions de dollars. La Banque siègera au comité consultatif, veillera à l’alignement du fonds avec les stratégies des pays...
17-Jul-2019

Guinée équatoriale : la BAD soutient le développement des chaînes de valeur halieutique et aquacole avec plus de 55 millions d’euros

Le Groupe de la Banque africaine de développement (BAD) a approuvé aujourd’hui un financement d’un montant de 55,518 millions d’euros (soit 36,418 milliards de FCFA), en faveur de la Guinée équatoriale, pour la mise en œuvre du « Projet d’appui au développement des chaînes de valeurs du secteur de la pêche et de l’aquaculture (PASPA) ». D’un coût global de 69,968 millions d’euros (soit 45,896 milliards de FCFA), ce financement de la BAD s’inscrit dans le cadre du Document stratégie pays (DSP) 2018-2022. Le projet PASPA, formulé conjointement avec le Bureau international du...
31-May-2019

African Development Bank provides €100 Million partial guarantee for commercial agriculture in Africa

The Board of Directors of the African Development Bank, meeting in Abidjan on 29 May 2019, approved a €100 million partial credit guarantee (PCG) to the structured finance company, African Agriculture Impact Investments Ltd (Mauritius), to develop commercial agriculture in Africa. The Mauritius-based company will leverage the Bank's PCG to catalyse additional financing from international pension funds through an Agri-linked Note to facilitate investments in sustainable farmland and agricultural infrastructure across Africa. It will be authorized to operate in various African countries...
05-Feb-2019

African Development Bank President Adesina confident of “very promising future” for continent

"The future of our continent is looking very promising indeed," African Development Bank Group President Akinwumi Adesina declared in the opening words of his address to diplomats  at a lunch organised today, Tuesday, in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019, which noted that the recovery in commodity prices is driving domestic demand and infrastructure investment, while real Africa’s GDP continued to improve in 2018 to 4.1%. The Bank expects growth of 4% this year and 4.1% in 2020. Economic opportunities in...
21-Jan-2019

First statutory meeting of the African Development Bank-Civil Committee

The African Development Bank - Civil Society Committee held its first statutory meeting at the Bank’s headquarters in Abidjan on 15-16 January, 2019. The committee is an advisory group set up by the Bank to strengthen links and collaboration with civil society in Africa, and is composed of 11 civil society organisations with proven expertise in at least one of the Bank's five major development priorities, known as the High 5s. The committee members also represent the continent's five sub-regions (North Africa, West Africa, East Africa, Central Africa and Southern Africa...
27-Dec-2018

African Development Bank to raise over US$7 billion from capital markets for investment in African economies in 2019

Bank continues to build its profile in the capital markets for cost-effective resources to finance projects and programs in Regional Member Countries The African Development Bank’s Board has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion from capital markets. The Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling. Africa’s premier Development finance institution maintains an active presence in the socially...
09-Nov-2018

Africa Investment Forum delegates underscore pathways to Africa’s rapid industrialisation

The industrialise Africa session at the Africa Investment Forum ran late into the evening on Thursday, with delegates focussing on how to drive investment, expand trade and industry and create African industrial champions. Among the panellists were  Ibrahim Mayaki, CEO of the New Partnership for Africa's Development (NEPAD); Emma Wade-Smith, British Trade Commissioner for Africa, and Geoffrey Qhena, CEO of South Africa’s Industrial Development Corporation (IDC). Wade-Smith says that the UK wants to become the leading investment and trading partner with Africa among the Group of...
02-May-2018

Tunisie : un prêt de 8 millions d’euros de la Banque africaine de développement à Hannibal Lease pour stimuler l’essor des PME

Lundi 30 avril 2018, la Banque africaine de développement a entériné l’octroi d’un prêt de 8 millions d’euros en faveur d’un établissement tunisien de crédit spécialisé dans le leasing, Hannibal Lease. Outre cette ligne de crédit, la Banque lui offre également une subvention d’assistance technique, afin d’améliorer, notamment, son dispositif d’analyse et de maitrise des risques et de l’aider à mettre en place un système de gestion des effets environnementaux et sociaux de ses opérations. La cérémonie de signature de l’accord de prêt entre la Banque africaine de développement et la...
29-Mar-2018

Visiting Swiss delegation underscores African Development Bank’s crucial role in Africa’s development

The tranquillity usually felt in Abidjan’s business district on the weekend was broken on the morning of Saturday, March 24, 2018 by a frenzy of activity around the headquarters of the African Development Bank. A convoy of cars and minibuses pulled up outside the Bank’s main entrance. A 50-member economic and scientific delegation made up of parliamentarians, ministry officials, managers of leading Swiss companies and heads of academic institutions, led by Johann Schneider-Ammann, Federal Councillor, Minister of Economic Affairs, Education and Research, and former President of the Swiss...
13-Mar-2018

Soutien de 15 millions de dollars de la Banque africaine de développement à Rawbank, première banque congolaise avec 24 % de parts de marché et 300 000 clients

Prêter c’est bien, mais prêter et accompagner le prêt avec une assistance technique, c’est sans doute encore mieux. Le 7 mars 2018, le Conseil d’administration de la Banque africaine de développement a accordé un prêt de 15 millions de dollars américains à la banque congolaise Rawbank, première banque commerciale du pays avec 24 % de parts de marché et 300 000 clients. Consentie au titre du guichet secteur privé de la Banque africaine de développement, la ligne de crédit accordée à Rawbank est d’une maturité de sept années, dont deux ans de différé. Au prêt s’ajoute une...
07-Mar-2018

African Development Bank at the centre of "a great Africa moment": North African Governors

“This is no longer business as usual,” African Development Bank President Akinwumi Adesina, said at the start of meetings with Finance Ministers from North African countries, held at the Bank’s headquarters. He was referring to his promise during last year’s Annual Meetings to cultivate closer interactions with the ministers who serve as Governors of their countries in the Bank. But the President could also have been referring to the sense of urgency gripping the region and the continent at large, as it struggles to keep pace with a booming population of unemployed youth despite robust...
07-Mar-2018

East African Ministers share African Development Bank's vision for the continent

In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent’s fast-growing powerhouse region. On the agenda: closing the $170 billion infrastructure gap across the continent, keeping pace with the region’s booming youth population, creating jobs and safeguarding peace and security. President Adesina assured the gathering that the Bank intends to make the strategic regional consultations an annual event to allow for more open dialogue,...
07-Mar-2018

Africa's population explosion is a ticking time bomb - African Development Bank Governors

The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for the world. “The good news is that the solution is within our reach and will require investments,” said Akinwumi Adesina, President of the African Development Bank. At the end of a two-day consultation at the headquarters of the Bank in Abidjan, CÕte d’Ivoire, the Bank...
23-Feb-2018

African Development Bank and Mozambique sign US$ 29 million grant agreements to finance agriculture and skills acquisition projects

On Wednesday, 21 February 2018, the African Development Bank and the Government of Mozambique signed grant agreements for two operations totaling US$ 29 million. The first intervention will support the uptake of agricultural technologies and techniques, as well as small scale irrigation equipment to increase climate resilience of small agricultural producers in southern Mozambique. Another operation will strengthen the curricula and teaching facilities at the University of Lurio, in the north of the country, focusing on creating skills for agriculture and engineering. Speaking at the...
21-Feb-2018

African Development Bank Board Approves Rockefeller Foundation Trust Fund with initial US$ 3 million to support the High 5s

The Board of Directors of the African Development Bank Group has approved the establishment of a Rockefeller Trust Fund to be hosted by the Bank. With an initial endowment of US$ 3 million dollars, the Fund will support the Bank’s activities, particularly with regards to two of its five high priorities – Feed Africa and improve the quality of life for the People of Africa.  Subsequent contributions may also be received to support other areas of the High 5s. Established in 1913, the Rockefeller Foundation’s mission is “to promote the well-being of humanity throughout the world...
19-Jan-2018

Énergie au Mali : 12 500 nouveaux abonnés raccordés au réseau grâce à 28 millions de dollars de financement de la Banque africaine de développement

55 localités situées en milieu rural sont ciblées par le projet d’énergies renouvelables 400 emplois devraient être créés L’année 2018 commence sous de bons auspices pour les populations rurales du Mali : près de 12 500 nouveaux abonnés vivant en milieu rural seront prochainement raccordés au réseau électrique grâce à un financement de plus de 28 millions de dollars américains assuré par la Banque africaine de développement. La cérémonie de signature de la convention de financement a eu lieu le 11 janvier 2018 à Abidjan, au siège de la Banque en Côte d’Ivoire, entre...
18-Jan-2018

AfDB Projects changing Lives in Egypt

To better demonstrate the impact on the ground of AfDB support in Egypt, we visited a selection of projects, actors and apprentice-entrepreneurs who are among the beneficiaries of two projects financed by the Bank in Egypt. These are the Rural Income and Economic Enhancement Project (RIEEP) and the Support to MSMEs in Organic Clusters Project (OCP).
17-Jan-2018

African Development Bank Governors from West and Central Africa hold fruitful consultations with Senior Bank Management

At the invitation of African Development Bank Group President Akinwumi Adesina, consultations have been held between the Bank’s Governors from West Africa and Central Africa and Senior Bank Management in Abidjan, Côte d’Ivoire. They are the first consultations of their kind since the creation of the Bank in 1963. Adesina told Governors, “The Annual Meetings of the Bank have hitherto been the only setting for group dialogue between you, Governors, and the Management of the Bank. We intend for this type of consultation to be an annual event that provides another opportunity to listen to you...
04-Jan-2018

African Development Bank, Nordic Development Fund, Global Environment Facility and Calvert Impact Capital partner in US $55-million investment into Off-Grid Energy Access Fund

On December 15, the African Development Bank’s Board approved a US $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (“FEI OGEF”). This follows the approval of additional investments of US $10 million from Calvert Impact Capital (CIC), US $8.5 million from the Global Environment Facility (GEF) and €6 million from the Nordic Development Fund (NDF). In addition, the NDF will provide a €0.5-million grant for technical assistance to support deal structuring and capacity development. FEI OGEF is a US $100-million...
28-Dec-2017

African Development Bank Board approves third sovereign lending instrument

On November 28, 2017, the  Board of Directors of the African Development Bank Group (AfDB) approved the Bank’s third sovereign lending instrument called the Results-Based Financing (RBF) Policy. RBF will be the Bank’s third financing instrument to complement the two existing instruments, namely, investment lending and program-based operations (PBOs). RBF is an additional, innovative, financing instrument that supports government-owned programs and links disbursements directly to the achievement of program results.   The approval of the RBF policy comes at a critical juncture...