Infrastructure & Regional Integration

20-Mar-2018

Africa CEO Forum 2015 : La BAD encourage de véritables réformes pour un environnement des affaires incitatif

La Banque africaine de développement (BAD) a pris une part active au deuxième et dernier jour d’Africa CEO Forum qui s’est achevé le mardi 17 mars 2015 à Genève, avec les interventions  de Solomon Asamoah, vice-président, Infrastructures, Secteur privé et Intégration régionale et de Kodeidja Diallo, directrice du Département du Secteur privé. Ils sont intervenus respectivement dans les panels sur « Doing Business en Afrique : les clés d’une (nécessaire) révolution » et « Accélérer la diversification des sources de financement du secteur privé africain ». Le...
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...
24-Nov-2017

Intégration régionale : 107 millions de dollars de la BAD pour une route entre le Burkina Faso et le Niger

Le Conseil d’administration de la Banque africaine de développement (BAD) a donné, vendredi 24 novembre 2017 à Abidjan, en Côte d’Ivoire, son accord pour le décaissement de près de 107 millions de dollars américains, afin de financer la construction et la réhabilitation d’un tronçon routier de 218 km reliant le Burkina Faso au Niger. D’un montant total de quelque 225 millions de dollars, le projet, qui englobe la construction d’une nouvelle route de 50 km et la réhabilitation de 168 autres km dégradés sur l’axe Koupala-Gonin-Fada N’Gourma-Piégea-frontière du Niger, bénéficie d’un...
21-Nov-2017

AfDB calls for bold actions to improve air connectivity in Africa

The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access, and cost reduction in Africa’s aviation sector. Pierre Guislain, AfDB Vice-President for Private Sector, Infrastructure and Industrialization, made this call at the third ICAO World Aviation Forum in Abuja. The AfDB is partnering with the Nigerian government, the African Union Commission (AUC), and the New Partnership for Africa’s Development (NEPAD) Agency to co-host the third ICAO World Aviation Forum from 20-22 November in the Nigerian capital.. The Bank has...
23-Nov-2016

PIDA Week 2016 opens with calls for accelerated job creation through infrastructure development for Africa’s transformation

Africa has to provide employment opportunities for its youth if it is to harness their potential and contribute to the desired economic growth outlined in the vision of Agenda 2063. The call was made by officials from the African Union (AU), the NEPAD Agency and the African Development Bank (AfDB) at the opening of the second annual Programme for Infrastructure Development (PIDA) Week currently underway in Abidjan, Côte d’Ivoire. This year’s gathering organized under the theme, ‘Creating Jobs through Regional Infrastructure Development,’ has drawn over 250 participants and stakeholders...
15-Sep-2015

AfDB Vice-President Solomon Asamoah discusses US-Africa economic relations at the Woodrow Wilson International Center

On September 10,  2015, African Development Bank Vice-President for Infrastructure, Private Sector and Regional Integration, Solomon Asamoah, participated in a panel discussion hosted by the Wilson Center for Scholars in Washington, DC, titled: The US-Africa Leaders’ Summit One Year On: Progress, Challenges, and the Way Forward for Economic Relations. VP Asamoah’s presentation focused on progress made and key issues that hinder US economic/business engagement with Africa. He also emphasized constraints on the African side such as infrastructure deficits, policy inconsistencies and the...
09-Jul-2015

AfDB approves €16.7 million to improve electricity access in Guinea Bissau’s capital

The African Development Bank (AfDB) Group announced on Wednesday, June 8 the approval of €16.7 million (a €9-million loan and a €7.7-million grant) in financing toward a program which aims to strengthen the electricity distribution network in Guinea Bissau’s capital by rehabilitating the facilities of 31,000 existing subscribers; connecting 10,500 new subscribers; and improving the commercial management and governance of the public utility, the National Electricity and Water Corporation (company named EAGB). Only 20 percent of the country’s residents in Bissau have access to electricity....
12-Jun-2015

Eskom’s Sere wind farm in South Africa financed by the AfDB and CIF now in full commercial operation

The Sere Wind Farm from Eskom, the South African electricity public utility, recently achieved its full commercial operational capacity of a 100 MW . The achievement of this milestone in the Western Cape of South Africa is in line with the commitments made by Eskom in terms of both time and cost. The African Development Bank approved in 2011 a USD 45 million loan with USD 50 million contribution from the Clean Technology Fund, one of the Climate Investment Funds (CIF) for this first utility scale renewable energy project. The World Bank and the French Development Agency also contributed...
10-Jun-2015

AfDB, DFID and stakeholders reflect on land value, innovative and sustainable urban infrastructure finance

“The urban population in Africa will increase by an additional 300 million people in the next 20 years. Given the limitation of current financing mechanisms, it is critical to find more innovative and sustainable funding sources,” Amadou Oumarou, Director of the African Development Bank (AfDB) Infrastructure, Transport, Urban Development and ICT Department (OITC), told participants in a stakeholder meeting, Thursday, June 4, 2015 in Abidjan. The meeting was hosted by the Bank Group, in collaboration with the UK Department for International Development (DFID), under the theme: “Urban...
29-May-2015

Egypt, AfDB sign two loans and a grant for Sharm el-Sheikh airport development

The African Development Bank (AfDB) and Egypt, on May 29 in Abidjan, signed two loans and a letter of agreement. The two loans are worth US $140 million – US $90 million from the AfDB window and US $50 million loan from the Africa Growing Together Fund (AGTF). The letter of agreement concerned a grant from the Middle Income Countries (MICs) Technical Assistance Fund of UA 1.2 million (approximately $1.7 million). AfDB Vice-President in charge of Regional Integration, Infrastructure and Private Sector, Solomon Asamoah, signed for the Bank Group, while Egypt’s International Cooperation...
29-May-2015

Africa-India partnership at the centre of discussions: an opportunity for shared experience in project financing in Africa

Africa-India Partnership Day was one of the major events of the 2015 African Development Bank Annual Meetings. Jointly organized on May 27 in Abidjan by the AfDB’s Private Sector Department and the Export-Import Bank of India, it brought together financiers, sponsors, contractors, researchers and other key actors of Africa and India’s private sector for networking and identifying business opportunities mutually beneficial for the continent and India. The Ministry of Finance of India and the Embassy of India spearheaded the event. In his plenary presentation, Exim Bank of India Managing...
13-May-2015

AfDB supports indigenous power investors in Africa

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to reduce electricity losses while improving the overall economics in Africa’s power sector. CECA has...
06-May-2015

Investing to change lives: IFC and AfDB seek to boost private sector in Africa

Enhancing partnerships with a view to boosting private sector as the driving force for sustainable and inclusive growth in Africa is one of the main priorities for the African Development Bank’s Private Sector Department (OPSD) and the International Finance Corporation (IFC). For this reason, the African Development Bank hosted a high-level delegation from the IFC for two days of meetings on May 6 and 7, 2015 in Abidjan, to deepen relationships between the two institutions, and to develop initiatives to increase private sector investments in the region. The ultimate goal: to use investment...
29-Apr-2015

Energy: A field of opportunity for Africa, according to new AfDB report

The African Development Bank’s first Development Effectiveness Review focusing on the energy sector was launched on Tuesday, April 28 at the Bank’s headquarters in Abidjan by the Bank’s Energy, Environment and Climate Change Department and Quality Assurance and Results Department. The event was co-chaired by Alex Rugamba, Director of Energy, Environment and Climate Change, and Simon Mizrahi, Director for Quality Assurance and Results, and was attended by development partners including United Nations Development Programme, United Nations Industrial Development Organization, West...
27-Apr-2015

Fund for African Private Sector Assistance provides equity to Africlear Global to improve Securities Market Infrastructure in Africa

The Fund for Africa Private Sector Assistance (FAPA) hosted by the African Development Bank (AfDB) signed on March 5, 2015 in Abidjan a seed equity investment of US $400,000 to Africlear Global. The goal of the investment is to enhance the efficiency of capital markets by supporting the modernisation of central securities depository infrastructure in African securities markets. Africlear Global is a company initiated by two African central securities depositories, namely Central Depository and Settlement Corporation (CDSC) Kenya, and Central Securities Clearing System Ltd. (CSCS...
16-Apr-2015

Accelerating the implementation of PIDA through private sector participation: Launch of the Continental Business Network

The African Development Bank (AfDB) and the Infrastructure Consortium for Africa (ICA) participated at the Validation Meeting for the Programme for Infrastructure Development in Africa (PIDA) Acceleration Strategy Action Plan (PAS) and the preparatory meeting for the launching of the Continental Business Network (CBN) held in Victoria Falls, Zimbabwe, from April 9 to 10, 2015. The Bank’s delegation was led by Mohammed Hassan, Coordinator for the ICA for Africa, and comprised Shem Simuyemba, Chief Infrastructure Economist, and Mtchera Chirwa, Chief Infrastructure & PPP Specialist, from the...
17-Mar-2015

AfDB and partners commit to ending HIV-AIDS related discrimination in the workplace

Meeting on the sidelines of the Africa CEO Forum in Geneva on March 16, the African Development Bank (AfDB) and other partners committed to ending AIDS-related discrimination in the workplace, as well as closing the gaps on HIV voluntary, confidential testing and treatment. The AfDB was represented by Vice-President for Infrastructure, Private Sector and Regional Integration, Solomon Asamoah. The engagement of CEOs and other corporate leaders follows a report that shows that many people living with HIV still face discrimination in the workplace. The commitment is captured in a new...
30-Jan-2015

Bank Group and JICA hold talks to push co-financing programmes forward

The African Development Bank Group, on Friday, January 30, 2015 in Abidjan, received Hiroshi Kato, Japan International Cooperation Agency Vice-President, on a courtesy visit to the institution. Vice-President Kato and his delegation – which included JICA’s Representative in Côte d’Ivoire, Yonezaki Eiro; and Kojima Umi, Programme Director for Côte d’Ivoire – held talks with AfDB Infrastructure Vice-President (OIVP) Solomon Asamoah. The meeting explored areas of cooperation and how best JICA and the Bank Group would push forward co-financing of infrastructure, transport, ICT projects through...