“Join Africa50 to lay the foundations for a more prosperous Africa,” African Development Bank urges

KIGALI, Rwanda 10 July, 2019 – African governments must explore innovative technologies to drive transformation on the continent, board members at Africa50’s General Shareholders Meeting, held in Kigali heard on Wednesday. Prime Minister of Rwanda Edouard Ngirente made the call at the opening of the shareholders meeting. “Let’s explore these digital opportunities to move our continent forward,” the prime minister said. Africa50 is an innovative fund for developing and financing African infrastructure, funded by the African Development Bank, African governments and private and...

Africa Investment Forum 2019: Nigeria expected to be major player

ABUJA, Nigeria 10 July 2019 - Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event held in the capital Abuja. Following the hugely successful inaugural edition held last year, the African Development Bank’s innovative investment marketplace set up to accelerate investment into the continent, will convene for its second meeting from 11-13 November. The Nigerian roadshow, held 9th July, was organised by the Nigeria Country Department of the Bank...

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

Abidjan, Cote d’Ivoire, 09 July, 2019 - The African Development Bank and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place on Sal Island on 1 July, between Olavo Correia, Vice Prime Minister and Minister of Finance of Cabo Verde, Helena de Paiva, Portugal’s Ambassador to Cabo Verde; and Moono Mupotola, the Bank’s Director for Regional Integration. It was witnessed by over...

Nigeria: Ekiti State Governor visits African Development Bank, makes a case for increased investment in his region.

Infrastructure, agricultural-processing zones, air cargo facilities,  and a knowledge hub are four critical areas that need support from the African Development Bank to help transform the Southern Nigerian state of Ekiti. The request for the Bank’s support was made by a Nigerian delegation led by Ekiti Governor John Olukayode Fayemi at a meeting, chaired by the Bank’s President Dr. Akinwumi Adesina, attended by senior Bank officials.   In attendance were Senior Vice President Charles Boamah; Jennifer Blanke, Vice-President for Agriculture, Human and Social Development;...

Construire ensemble la ville ivoirienne de demain

La Côte d’Ivoire s’est dotée d’un ministère de la Ville depuis juillet 2018, et se donne comme objectif d’élaborer un document de Politique Nationale de la Ville afin de réussir le processus complexe d’urbanisation. Dans ce cadre, un séminaire sur la Politique de la ville en Côte d’Ivoire s’est tenu du 12 au 14 juin à Abidjan. Le Département Infrastructure et développement urbain de la Banque africaine de développement s’est joint aux experts politiques et à d’autres parties-prenantes du monde de la finance et de l’urbanisme pour des échanges autour du thème de l’urbanisation ivoirienne....

Guinée : la Banque africaine de développement accorde un don de 2 millions de dollars pour étudier la faisabilité d’un projet de construction d’un port en eau profonde

La Banque africaine de développement et le ministère du Plan et du Développement Économique de Guinée, ont signé, jeudi 30 mai 2019 au Petit palais de Conakry, un accord de don portant sur une étude de faisabilité d’un projet de construction d’un port en eau profonde polyvalent dans le nord-ouest du pays, pour un montant de deux millions de dollars américains. Cet accord de don, signé par le bureau de la Banque en Guinée (COGN), provient du fonds spécial du mécanisme de financement de la préparation des projets d’infrastructures du NEPAD (FPPI-NEPAD), et renforce ainsi le portefeuille...

Namibia - The New Port of Walvis Bay Container Terminal Project: Logistic and Capacity Building Component (MIC Grant) – PCR

The Walvis Bay Port New Container Terminal Expansion Project was aimed at expanding the container terminal on reclaimed land from the Walvis Bay channel, to increase the annual handling capacity from 355,000 TEUs to 1,005,000 TEUs. The project included a logistics and capacity building component, intended to complement the port expansion.

Working Paper 45 - Commercial Infrastructure in Africa: Potentials and Challenges

For most developed and developing countries, the 1980s and early 1990s were characterized by economic reforms that focused on the reduction in the role of government in the economy. For the United States (US) this process mainly entailed the deregulation and re-regulation of large infrastructure enterprises. In the UK and other Organization for Economic Cooperation and Development (OECD), the process required the privatization of state-owned enterprises and regulation. As applied to developing countries, economic reform meant significant reduction in the ownership of enterprises that were...

Cape Verde - Electricity Transmission and Distribution Network Development Project - ESMP Summary

Cape Verde aims to concentrate the generation of electricity on each island through the installation of stronger power production points, thus putting an end to the operation of older plants that have become inefficient in terms of production and environmental friendliness. Concentrating production requires that transmission and distribution networks fully cover the different islands and that they guarantee high levels of reliability preventing or minimizing the duration of power outages.

Gabon - Projet d’appui à la réhabilitation des infrastructures rurales (PARIR) - Plan PGES

Le présent rapport constitue le Plan de Gestion Environnementale et Sociale (PGES) relatif au projet d’Appui à la Réhabilitation des Infrastructures Rurales au Gabon et qui a été classé à la catégorie 2 selon les procédures d’évaluation environnementales et sociales (PEES) de la Banque Africaine de Développement (BAD). Le PGES a été préparé sur la base d’une visite sur le terrain et l’analyse de documents relatifs à ce projet et à son contexte environnemental et social. Le contenu et le format du PGES est en cohérence avec l’annexe 11 de la PEES.

RDC - Semi-Urban and Rural Electrification Project - ESMP Summary

DRC has the 4th hydro-electric power potential in the world, with 600 billion KWH and about thirty power stations mainly located in Katanga, in the eastern part of the country, and in BasCongo. Nearly 2.5% of this potential is currently tapped. Electricity is generated by the national utility, the National Electricity Corporation (SNEL), which is the only official operator in the electric power sector. Despite this potential, the obsolete installations and the low equipment rate are such that the current electrification rate is only about 1% in rural areas, 30% in urban areas, and a national...

Japan: Pre-TICAD7 Seminar - Financing for Project Implementation and Infrastructure and Energy Investment Opportunities in Africa

The African Development Bank and the Japan International Cooperation Agency (JICA) will organize a Pre-TICAD 7 Seminar on Thursday 14 February 2019 in Tokyo, on the theme: Financing for Project Implementation, Infrastructure, and Energy Investment Opportunities in Africa. While African economies have continued to maintain growth with gross domestic product reaching an estimated 3.5% and expected to rise to 4% in 2019, the demands of rising population, rapid urbanization, and consumer demands are affecting this growth. The continent requires between US$130 to US$170 billion a year for...

African Development Bank launches Pan-African Urban and Municipal Development Fund

The African Development Bank has launched the Urban and Municipal Development Fund, a multi-donor trust fund to scale up interventions in urban development and drive sustainable growth in cities across the African continent. The launch event, held on Wednesday, 3 April 2019 at the Bank’s Abidjan headquarters, was attended by members of the business and diplomatic community in Cote d’Ivoire, development partners and donors, senior management of the Bank, representatives of municipalities from several African countries, and key players and stakeholders in the urban development space. His...

Barrage de Kandadji au Niger : la Banque africaine de développement présente à la cérémonie de lancement des travaux, aux côtés du président Issoufou

La Banque africaine de développement, représentée par sa directrice générale pour l’Afrique de l’Ouest, Marie-Laure Akin-Olugbade, était aux côtés du président nigérien Mahamadou Issoufou, mardi 26 mars, pour la cérémonie officielle de lancement des travaux de construction du barrage hydroélectrique de Kandadji, premier du pays, situé dans le Bassin du fleuve Niger. La Banque africaine de développement est le chef de file des partenaires sur ce programme à la fois...

Africa Investment Forum: Partners reaffirm commitment to close Africa’s infrastructure gap

The African Development Bank, heads of 34 leading financial institutions covering Africa and other partners of the Africa Investment Forum reaffirmed their commitment to “scale up, speed up, and synergize” efforts to deliver transformative projects across the continent. The meeting was also attended by lead partners of the Africa Investment Forum: African Export-Import Bank, Africa50, Trade Development Bank, Development Bank of South Africa, Africa Finance Corporation, European Investment Bank, and Islamic Development Bank. Chief Executive Officer, Development Bank of Southern Africa,...

Côte d'Ivoire - Project to upgrade access roads to border areas Phase 1 - Bondoukou-Soko-Ghana border segment - Appraisal report

Cross-border areas are crucial to the stability of West Africa. On the one hand, they bustle with commercial activity between border communities that share common cultural and ethno-linguistic characteristics. On the other hand, the porous nature of the borders fuels the proliferation of all types of trafficking that have increasingly transformed these areas into a security threat. The lack of basic services as well as the access and mobility difficulties in these areas have aggravated the instability, thus making these zones fragile. Accordingly, the WAEMU Community Action Programme on Road...

Somalia: African Development Bank Multi-Partner Infrastructure Fund to receive €1 million from Italy

The Italian Government has signed an agreement for an additional €1 million contribution to the Multi-Partner Somalia Infrastructure Fund. Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia. It aims to support and accelerate Somalia’s inclusive and sustainable economic recovery, peace and state building, through rehabilitation and development of the country’s infrastructure. This will be Italy’s third injection of funds to the Bank-managed Fund, bringing its total...

Mozambique: African Development Bank, Portugal and Mozambique sign MOU for “Lusophone compact” to accelerate private sector development

The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact. The Lusophone Compact is a financing platform, involving the Bank, Portugal, Angola, Cabo Verde, Guinea Bissau, Equatorial Guinea Mozambique and Sao Tome and Principe, which provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries. The signing which took place in Maputo, was witnessed by over 200 Mozambican and...

Sao Tomé & Principe : Don NEPAD-IPPF de 2 millions de dollars par la Banque africaine de développement pour la préparation et la structuration du projet d’aménagement d’un port en eau profonde

Le gouvernement de São Tomé & Príncipe  et la Banque africaine de développement ont procédé, le vendredi 1er mars 2019 à Abidjan, à la signature d’un accord de don de 2 millions de dollars USD, pour cofinancer les dépenses liées aux activités préparatoires du projet d’aménagement d’un port en eau profonde à Fernão Dias dans le nord du pays.  Ce financement a été mobilisé par la Banque, dans le cadre des ressources de la Facilit...

Côte d’Ivoire : la Banque africaine de développement appuie cinq projets transformateurs pour un montant de 275 milliards CFA

Le gouvernement ivoirien et la Banque africaine de développement ont procédé le jeudi 28 février 2019 à Abidjan, à la signature d’accords de financement de cinq projets en faveur de la Côte d’Ivoire pour un montant total de 275 milliards Francs CFA. Les différents projets portent sur le transport urbain, les infrastructures routières, l’électricité en milieu rural, l’agriculture et l’intégration sous régionale. Le projet de transport urbain d’Abidjan (PTUA), qui...