NEPAD

06-May-2015

AfDB showcases initiatives for addressing climate change at Africa Climate Resilient Infrastructure Summit

The first Africa Climate Resilient Infrastructure Summit (ACRIS I), which concluded on April 29, 2015 in Addis Ababa, Ethiopia, offered an opportunity for the African Development Bank to showcase its Climate Safeguard System (CSS). It aligns with the Bank’s Ten-Year Strategy 2013-2022, whose core objective is to promote green growth through sustainable and climate-resilient infrastructure in the region. The CSS was developed to help reduce vulnerability of infrastructure projects to climate risks by carrying out upstream risk assessments in project designs. The CSS also facilitates...
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...
13-Apr-2015

AfDB concludes pioneering training for USA-based African foreign missions in export and investment promotion

In fulfilment of its capacity-building mandate and in a quest promote increased US-Africa trade and investment, the African Development Bank’s NEPAD, Regional Integration and Trade Department (ONRI) and the African Development Institute (EADI) collaborated in a four-day training workshop for USA-based African foreign missions on trade and investment promotion activities in the USA. The event, which ran from April 6-9 in Washington, was attended by 33 commercial attachés and African Union officials representing 21 countries, which included 11 women. Two investment and export promotion...
20-Nov-2014

Energy Sector Capacity Building Diagnostic and Needs Assessment Study

The African Development Bank’s NEPAD Regional Integration and Trade Department (ONRI), has published the Energy Sector Capacity Building Diagnostic and Needs Assessment Study. This report focuses on addressing the “soft infrastructure” challenges that hamper the efficient operation and financial performance of the energy sector in Africa. Such soft infrastructure issues include legal and regulatory reforms, energy sector restructuring (as partly envisaged in countries like Angola, Kenya and Tanzania), power planning and support for enhanced regional power trade. Addressing these challenges...
03-Nov-2014

Global development banks and the private sector come together to support a practical solution for reducing the infrastructure gap

Global infrastructure needs to 2030 are estimated to be $57 trillion[1]. For both public sector and private sector investors in the developing markets there has been a lack of well-prepared projects to fulfil these needs. This has led to a widening infrastructure gap between what is required and what is delivered. Practical applications are needed to narrow the gap. Following early stage development by the Asian Development Bank, a new online Cloud based project development tool for project sponsors – the International System for Infrastructure Support – is being launched with the support...
13-Oct-2014

Regional Integration Policy Paper No.3

The African Regional Economic Communities (RECs) are committed to gradually establishing an economic union in their respective sub-regions in accordance with the objectives of the Abuja Treaty. The RECs pursue a gradual objective geared towards attaining the ultimate stage of economic and monetary union.There is abundant economic literature on the costs and advantages of an economic and monetary union at the theoretical and empirical levels. Traditional literature on the Optimal Currency Areas (OCA) theory , developed by Mundell (1961) and McKinnon (1963), posit that member countries of...
27-Jun-2014

Côte d’Ivoire : La BAD appuie le renforcement de l’inclusion et de la cohésion sociale

Le Groupe de la Banque africaine de développement (BAD) et la Côte d’Ivoire, respectivement représentés par Janvier Kpourou Litse, directeur en charge du Nepad, de l’Intégration régionale et du commerce et Nialé Kaba, ministre ivoirien en charge de l’Economie et des Finances, ont procédé le 25 juin 2014 à Abidjan, à la signature de protocoles de dons relatifs au Programme d’appui au renforcement de l’inclusion et de la cohésion sociale (PARICS). Les dons sont d’une valeur de 46,17 millions de dollars, dont 42,254 millions issus des ressources de la Facilité en faveur des...
19-Jun-2014

The 16 projects of the Programme for Infrastructure Development in Africa (PIDA)

16-Jun-2014

Dakar Financing Summit for infrastructure recommends that Africa relies on itself

President Donald Kaberuka of the African Development Bank (AfDB) participated on 15 June 2014 in Dakar, Senegal, in a summit on financing infrastructure in Africa.  Entitled "Unleashing Africa’s infrastructure potential," the Dakar Financing Summit (DFS) aimed to mobilize stakeholders around efforts made by the African Union (AU) and its New Partnership for Africa’s Development (NEPAD) programme to accelerate the implementation of priority regional infrastructure projects. Kaberuka took the opportunity to present the Africa50 Fund, an innovative...
14-Jun-2014

AfDB and the African Union support African infrastructure during Dakar Financing Summit

19/06/2014 - The 16 projects of the Programme for Infrastructure Development in... The African Development Bank (AfDB) will play a key role in a summit on financing infrastructure in Africa, to be held in Dakar, Senegal, on June 14 and 15, 2014. Entitled "Unleashing Africa’s infrastructure potential," the Dakar Financing Summit (DFS) aims to mobilise stakeholders around efforts made by the African Union (AU) and its New Partnership for Africa’s Development (NEPAD) programme to accelerate the implementation of priority regional infrastructure projects....
27-May-2014

NEPAD calls for partnership with AfDB to drive implementation of regional programmes

The New Partnership for Africa’s Development (NEPAD) seeks to fast-track implementation of continental programmes intended to drive Africa’s transformation. The NEPAD Planning and Coordination Agency (NPCA), the Secretariat of NEPAD, in partnership with Kenya’s Ministry of Devolution and Planning, held a two-day consultative meeting for all NEPAD Focal Points in Africa. The Forum, held May 26-27, 2014 in Nairobi, brought together Regional Economic Communities (RECs), the UN Economic Commission for Africa (ECA), the African Development Bank (AfDB) and the African Union Commission...
20-May-2014

Africa’s Decade of Sustainable Energy for All launched at AfDB Meetings in Kigali

Donald Kaberuka, President of the African Development Bank, and Kandeh Yumkella, Special Representative of the UN Secretary-General and Chief Executive of the Sustainable Energy for All (SE4ALL) initiative, have officially launched the Decade of Sustainable Energy for All in Africa. At present, 42 African countries have signed up to the Sustainable Energy for All initiative. At a high-level discussion held during the AfDB's Annual Meetings on Monday, May 19 in Kigali, Yumkella stressed the need for these countries to take ownership of the initiative's objectives through...
18-Apr-2014

AfDB Board approves revised framework for selection and prioritization of regional operations

The Board of Directors of the African Development Bank Group met on Wednesday, April 16, 2014 in Tunis and approved a revised framework for the selection and prioritization of regional operations. The revised Regional Operations Selection and Prioritization Framework aims at selecting the most relevant operations eligible for funding under the Regional Operations incentive mechanism based on cost-sharing financing where the countries contribute to a portion of project costs from their Performance Based Allocations (PBAs) while the Bank finances the remaining portion. The Framework...
08-Apr-2014

NEPAD Commends AfDB for Capacity Building Project to Accelerate the Delivery of PIDA

Following the signing of the Capacity Building Project between the African Union Commission (AUC) and the African Development Bank (AfDB) during the meetings of the African Heads of State and Government held in Addis Ababa, Ethiopia, in January 2014, the AfDB formally launched the project in Centurion, South Africa, on April 7, 2014. This is a three-year (2014-2017) 5.6 million Unit of Account (US $8.6 million) project intended to strengthen the capacity of African countries through their respective Regional Economic Communities (RECs) as well as the AUC and the NEPAD ...
29-Jan-2014

AfDB and AUC Sign Grant to Enhance the Capacity of African Countries to Accelerate the Delivery of Regional Infrastructure Projects

The African Development Bank (AfDB) and the African Union Commission (AUC) on Wednesday, January 29 in Addis Ababa signed a new project grant. The project will strengthen the capacity of African countries through their respective Regional Economic Communities (Community of Sahel-Saharan States, Common Market for Eastern and Southern Africa, East African Community, Economic Community of Central African States, Economic Community of West African States, Intergovernmental Authority on Development, Southern African Development Community and Arab Maghreb Union), as well as the AUC and the NEPAD...
13-Dec-2013

AfDB Allocates US$184.79 Million to Multinational Trans-Sahara Highway Project

Prospects for the construction of a 9,022-kilometre strategic Trans-Sahara Highway (TSH) linking several African countries was concretised on Wednesday, 11 December 2013 in Tunis following the approval of US$ 184.79 (UA120.37)* million by the Board of Directors of the African Development Bank Group (AfDB). The project involves construction and asphalting of 565 kilometres of roads linking the main axis and the Chadian branch of the TSH; construction of a 543-meter-long bridge on the River Niger at Farié, with 3 kilometers of access roads, and the construction of infrastructure to ease...
20-Nov-2013

DRC Inga mega hydropower plant implementation advances with AfDB support

The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity. The AfDB’s support, which comes in the form of a Fragile States Facility grant of US $7.7 million and an African Development Fund grant of US $60.6 million, accounts for 43%...
08-Nov-2013

AfDB President named 2013 African of the Year

African Development Bank Group President Donald Kaberuka has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of infrastructure projects on the continent. The $50,000 award was announced Thursday evening in Addis Ababa during the African Media Leaders Forum. The prize is sponsored by Nigeria’s Daily Trust newspaper. “[This award] is for his bringing to fruition the idea of domestically financed development,” Salim Ahmed Salim, Tanzania’s erstwhile foreign minister and former Secretary-General of the Organization...
30-Oct-2013

AEC 2013 - Interview with Moono Mupotola, Division Manager, Regional Integration and Trade at AfDB

There is a lot to tell about the African Development Bank’s (AfDB) role in Africa’s regional integration. Moono Mupotola, who, for the past four years, has pulled out all stops to deliver on the Bank’s vision in this area, says: “There is a wealth of ideas on how to integrate and boost intra-African trade and there is no need to re-invent the wheel.” You have led the Bank’s regional integration and trade division activities for the past few years. Can you take stock of the institution’s accomplishments in this area? My assessment of the Bank’s accomplishments in this area is that we...
11-Oct-2013

African Economic Conference 2013 to debate the continent’s development effectiveness through Regional Integration in Africa

“Regional Integration in Africa”, is the theme of the African Economic Conference (AEC) 2013 which will be jointly organized by the African Development Bank (AfDB), the Economic Commission for Africa and the United Nations Development Program in Johannesburg, South Africa, from October 28 to 30, 2013. The annual AEC series are designed to promote knowledge product and management as an important driver of development. It is rightly assumed that through these series, Africa today is fast responding to performance-driven development programs, predicated on a culture of exchange of ideas,...