The High 5s
| 28-Oct-2019 |
The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans.
Under the deal, the New Development Bank −a multilateral development bank established by BRICS countries of Brazil, Russia, India, China and South Africa – will work with the African Development Bank to jointly identify, prepare and co-finance projects in countries of mutual interest.
The two insitutions signed a Memorandum of Understanding agreement on 18 October, on the sidelines of the World Bank annual meetings, formalizing the... |
| 25-Sep-2019 |
Leaders gathering for the United Nations General Assembly from 17-30 September 2019 in New York have made a strong plea for enhanced South-South cooperation to strengthen food security during a session co-hosted by the African Development Bank.
Speaking as part of this session on the role of South-South cooperation to achieve sustainable development for food security, Dr. Akinwumi Adesina, President of the African Development Bank, issued a call for rapid and immediate action.
“Enough! It’s unacceptable that 250 million Africans suffer from hunger. It’s time for action!” The indignation... |
| 25-Sep-2019 |
Your Excellencies Heads of State and Governments, Chairperson of the African Union Commission, the Deputy UN Secretary General, Heads of UN Agencies, Honorable Ministers, Ambassadors, distinguished ladies and gentlemen.
Good afternoon!
I wish to thank my Dear sister, the Deputy UN Secretary General, Amina Mohammed, for co-hosting this event with me, organized by the United Nations and the African Development Bank. And we are grateful to your Excellencies, Heads of State and Government, Chairperson of the African Union Commission, all of you the leaders for joining us here today... |
| 23-Sep-2019 |
With an estimated 390 million people living in extreme poverty, hunger and food insecurity, Africa is in a race against time to deliver on its regional and global development goals.
On the sidelines of the UN General Assembly on Sunday, African heads of states and governments met to emphasize urgent collective action and the need for greater collaboration between the United Nations and the African Development Bank to fast-track Africa’s development.
The meeting, convened by the African Development and the United Nations, is "the first of its kind" between the two institutions... |
| 06-Sep-2019 |
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 |
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 |
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 |
"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 |
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 |
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 |
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 |
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 |
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 |
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 |
“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 |
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 $170 billion infrastructure gap across the continent, keeping pace with the region’s booming youth population, creating jobs and safeguarding peace and security.
President Adesina assured the gathering that the Bank intends to make the strategic regional consultations an annual event to allow for more open dialogue,... |
| 07-Mar-2018 |
The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.”
The meeting described the continent’s growing young population as a potential growth engine for the world.
“The good news is that the solution is within our reach and will require investments,” said Akinwumi Adesina, President of the African Development Bank.
At the end of a two-day consultation at the headquarters of the Bank in Abidjan, CÕte d’Ivoire, the Bank... |
| 23-Feb-2018 |
On Wednesday, 21 February 2018, the African Development Bank and the Government of Mozambique signed grant agreements for two operations totaling US$ 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 |
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 |
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... |