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...

Major bridge linking Gambia to Senegal ushers in new era of connectivity

Cars, trucks and pedestrians plied the new bridge linking the Gambia and Senegal Thursday, ushering in a new era of connectivity and integration for the two West African nations. The bridge is a safer, quicker, and alternative route to the risky ferry crossing or the long detour between the northern and southern parts of both nations. The five-storey masterpiece allows people from the north of Senegal rapidly and easily to reach the southern Senegalese province of Casamance. “The African Development Bank, your Bank, is here to congratulate the people of Gambia and Senegal for their...

Project Brief - Multi-Sector Private Sector Credit Enhancement Facility (PSF) Risk Participations in Seven ADB Loans

Launched in 2015 by the ADF, the Private Sector Facility (PSF) provides credit risk participations in private sector operations of the African Development Bank in lowincome countries, and is on its way to building a UA 1.1 billion portfolio of exposures

The African Legal Support Facility to receive € 5 million grant from the European Union

The European Commission has approved a grant of 5 million euros to the African Legal Support Facility, to finance the Facility’s Medium Term Strategy for the next five years. ALSF, hosted by the African Development Bank, to date has supported African countries to negotiate commercial deals worth more than US$60 billion in potential investments, mainly in the infrastructure and extractive sectors. This assistance from the European Union, will boost resources required to consolidate these achievements and reinforce partnership between the two organisations in other common areas of...

Senegal: Handover of Dakar Regional Express Train

The daily one-hour commute between the densely populated Senegalese capital and the new suburb of Diamniadio, will soon be cut in half when the new Regional Express Train (TER) comes into service. At an official ceremony for the handover of the first coaches for the railway on Monday, Senegalese President Macky Sall remarked that: "This is the first railway project in an independent Senegal after the Dakar-Rufisque line was built in 1883.” The TER route will link Dakar with Blaise Diagne International Airport, via the new rapidly developing business centre of Diamniadio. The first phase...

Accord Commission européenne-Banque africaine de développement : 60 millions d’euros pour l’interconnexion électrique Cameroun-Tchad et pour la Dorsale transsaharienne à fibre optique

La Commission européenne et la Banque africaine de développement ont procédé,- à la signature de deux accords de co-financement, au profit du projet d’interconnexion électrique entre le Cameroun et le Tchad et de la Dorsale transsaharienne à fibre optique (DTS). C’était le jeudi 20 décembre 2018, au siège de la Commission européenne à Bruxelles. M. Ousmane Doré, directeur général de la Banque pour l’Afrique centrale, et Mme Francesca Di Mauro, chef de l’unité Afrique centrale et australe, et océan Indien de la direction générale à la Coopération...

Tunisia: African Development Bank and European Bank for Reconstruction and Development invest 150 million euros to improve sanitation in small municipalities

The African Development Bank and the European Bank for Reconstruction and Development (EBRD) signed on 8th January  a loan agreement with the Ministry of Development, Investment and International Cooperation (MDICI) and the National Office for Sanitation (ONAS) to finance the sanitation programme for small municipalities with fewer than 10,000 inhabitants. Nearly 200,000 inhabitants of small municipalities in Tunisia will benefit from significant environmental improvements thanks to a 150 million euros loan granted to ONAS and co-financed equally by the two institutions. This...

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency

The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have already signed up to ATI membership. Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to...

Gabon : 40 millions d’euros de la Banque africaine de développement pour le nouveau terminal à marchandises du port d’Owendo

Point de passage obligé pour les importations et les exportations gabonaises, le GSEZ New Owendo International Port (NOIP), situé au sud de la capitale Libreville, est en pleine modernisation. Pour en assurer l’expansion, le Conseil d’administration de la Banque africaine de développement a approuvé, le vendredi 14 décembre 2018, un prêt de 40 millions d’euros en faveur du Gabon. Construit en un temps record de 18 mois et inauguré en 2017, le GSEZ NOIP est un terminal multimodal qui a ses propres services de logistiques intégrés et est doté de la plus grosse flotte de véhicules du...

Mainstreaming resilience and financing for sustainable and inclusive urban development in Africa

In Africa, as elsewhere, urbanized locations exert pressure on already vulnerable populations impacted by lack of access to potable water supply, sanitation and waste management, energy supply, transport infrastructure and services. With nearly 90 percent of global population growth occurring in Asian or African cities, the goal of improving the quality of life for the people of Africa will only be achieved by mainstreaming resilience and effective financing mechanisms into the continent’s urban development agenda.  This was the key message of expert deliberations at...

Kazungula Bridge to link, open up markets in eight African countries

Scenes of traders, travelers, fishermen and women crossing the Zambezi river on floating planks, ferries, rickshaw boats, and canoes will soon come to an end.  In just 24 months, travelling between the water-rich but land-locked Zambia and Botswana will get easier, smoother and faster, when the new road and rail bridge, currently under construction across the waters of the Zambezi, is commissioned for public use. The 923-metre-long by 18.5-metre-wide masterpiece will link the town of Kazungula in Zambia with Botswana. Its location traverses the intersection of the Zambezi and Chobe...

Sénégal : Aéroport international Blaise Diagne, décollage vers le futur

Un an après l’inauguration de son nouvel aéroport, le 7 décembre 2017, Dakar enregistre une progression de 6 % de son trafic aérien et déjà un million de passagers. Chiffres clés Coût : 524 millions d’euros, dont 70 millions d’euros de la Banque africaine de développement Emplois : 427 (dont 197 occupés par des femmes) emplois directs et 5 000 indirects créés Recettes fiscales en hausse : plus de 4,6 millions d’euros entre décembre 2017 et juin 2018 Trafic aérien à Dakar : + 6 % et 1 million de passagers enregistrés entre décembre...

Maroc : Pose de la première pierre du nouveau terminal de l’aéroport Rabat-Salé financé par la Banque à hauteur de 75 millions d’euros

Le Roi du Maroc a procédé, mercredi 19 décembre 2018, à la pose de la première pierre du nouveau terminal de l’aéroport international de Rabat-Salé. Financé à hauteur de 75 millions d’euros par la Banque, le Projet d’extension et de modernisation de l’aéroport international de Rabat-Salé consolide l’appui historique de la Banque dans le secteur des transports, notamment dans le secteur aérien. Un appui qui a déjà contribué à l’augmentation des capacités opérationnelles des aéroports de Fès, de Casablanca, de Marrakech, d’Agadir et d’Oujda afin de faire face au doublement du trafic aérien d...

Côte d’Ivoire – Près de Man, 60 villages sont désormais connectés au réseau électrique

Soixante villages du département de Man, dans la région du Tonkpi en Côte d’Ivoire, sont sortis des ténèbres dans le cadre du volet d’électrification rurale du Projet de renforcement des réseaux de transport et de distribution(PRETD) financé à hauteur de 137,82 millions d’euros par le Groupe de la Banque africaine de développement. Le Premier ministre ivoirien, Amadou Gon Coulibaly, a procédé, le 7 décembre 2018, à la mise sous tension symbolique de ces 60 premières localités dans la sous-préfecture  de Guianlé, à 8 km de Man. À terme, ce projet approuvé en 2016 aura...

Infrastructure and Urban Development Department - Annual Report 2017

The Bank is pursuing its policy of financing a diverse portfolio of major infrastructure projects. The 2017 investments in roads, railways, aviation, ICT and urban development will confer African countries a firm foundation on which to grow their economies, increase socio-economic development and deliver better services in areas such as health, education and trade.

“Infrastructure development key to accelerated regional integration,” says Negatu

Gabriel Negatu is the Director General for East Africa Regional Development and Business Delivery Office at the African Development Bank. Representing the Bank Group President at the 13th African Economic Conference in Kigali (3-5 December), he speaks of the institution’s new Regional Integration Strategic Framework. This year saw the landmark signing of the African Continental Free Trade Area (AfCFTA) in March. What progress has been made since then? Obviously, the signing itself elicited much excitement. More countries have since signed the Continental Free Trade Area for Africa...

PIDA Week 2018: Experts weigh Africa’s infrastructure needs against rapid urbanization and growing population

Experts attending this year’s Africa infrastructure conference say the continent needs to accelerate its infrastructure development to match the continent’s growing population and rapid urbanization to achieve development goals. The experts from multilateral development institutions observed that with rapid urbanization and a tenfold increase in water needs for energy production, there is an urgent need to mobilize more financial and technical resources for infrastructure projects and plans, to support the continent’s economic development goals. Furthermore, Africa’s population is...

The 2018 Programme for Infrastructure Development in Africa Week Opens with calls for good governance to accelerate Africa’s integration through Smart Infrastructure

Smart infrastructure investments underpinned by solid governance mechanisms and strategic partnerships, will be crucial to accelerating Africa’s regional connectivity and integration, investors and development experts said at the opening of the fourth annual Programme for Infrastructure Development (PIDA) Week in Victoria Falls, Zimbabwe. The meeting, which is themed ‘PIDA Implementation through Good Governance – Realizing Smart Infrastructure for Africa’s Integration’, has drawn over 300 participants representing member states, regional economic communities, the private sector,...

African Development Bank to showcase projects at the 2018 Programme for Infrastructure Development in Africa (PIDA) Week in Zimbabwe

The 2018 Programme for Infrastructure Development in Africa (PIDA) Week) will take place in Victoria Falls, Zimbabwe from 26 to 29 November 2018, on the theme: “PIDA Implementation through Good Governance – Realizing Smart Infrastructure for Africa’s Integration.” PIDA Week was inaugurated in 2015 as a marketing platform to showcase selected PIDA projects and to accelerate their implementation. The week-long event is an important step in the implementation of the African Union’s Agenda 2063 framework and  a stepping stone towards reaching the United Nations Sustainable Development...

PIDA Week 2018: Good Governance key to regional integration, says African Development Bank Director for Regional Development and Regional Integration, Moono Mupotola

In this interview ahead of the 2018 Programme for Infrastructure Development in Africa (PIDA) Week taking place on 26 – 29 November 2018 in Victoria Falls, Zimbabwe, the African Development Bank’s Director for Regional Development and Regional Integration, Moono Mupotola, reflects on the challenges and pace of infrastructure development on the continent. Mupotola observes that the Bank’s role as financier, facilitator and honest broker in the actualization of infrastructure projects is helping to build the much-needed capacity and institutional frameworks on...