NEPAD

08-Oct-2013

Implementation of agreed policies will result in deeper market and trade integration

African policy-makers, government officials and development experts recognize the crucial role of regional integration in the development of African economies. They add that this interaction can be accelerated or reinforced through the creation of a common market for goods and services. However much more can be done according to African Development Bank background paper titled “Understanding the Barriers to Regional Trade Integration in Africa”. “Despite the long history of regional integration on the continent, the level of intra-African trade remains low in comparison with other...
20-May-2013

Developing African Infrastructure for the Continent’s Structural Transformation

Across Africa, investments in physical and social infrastructure have failed to keep pace with growth and demand, creating a serious infrastructure deficit that slows investment, the achievement of broad-based and inclusive growth, and poverty reduction. The figures are revealing. More than half of the countries in Africa suffer chronic power outages, stifling industrialization and other economic progress. The continent’s transport infrastructure remains fickle, hampering trade and economic growth. Indeed, high transportation costs, due to inadequate road and rail networks and insufficient...
13-May-2013

Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study

African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank. Africa is ready for the launch of such infrastructure bonds provided some conditions are met, says the report, titled “Structured Finance – Conditions for infrastructure project bonds in African markets”. With Africa having now no other option than to tap into its own internal resources, the book “points in the right direction,” said Donald Kaberuka, President of the African Development...
13-May-2013

AfDB Concludes First Pan-African Training for Regulators of Derivatives and Commodities Exchanges

The African Development Bank (AfDB) on May 10, 2013 concluded a one-week, pan-African training workshop for African regulators of derivatives and commodities exchanges. The training workshop was held in Abidjan, Côte d’Ivoire. At the opening ceremony, Job Essis N’Guessan, the representative of the Ivoirian Minister of Commerce, stressed the importance of commodities and derivatives markets, especially after the global food crisis of 2007 and the global financial crisis of 2008. He stated that as the environment in Africa is becoming increasingly conducive to investment, there is need to...
19-Apr-2013

Structured Finance - Conditions for Infrastructure Project Bonds in African Markets

Investment in infrastructure is vital for sustained economic growth in Africa. Energy, transport, water and information technology services remain well below international standard on the continent, and this creates serious bottlenecks for African economies trying to achieve the transformational rates of growth that have been witnessed in other emerging markets. The need is particularly stark in the light of rising populations, and rapid urbanization.
19-Apr-2013

AfDB Publication Promotes Structured Finance for Efficient African Markets

A new book launched by the African Development Bank on April 19 explores how structured finance techniques can mobilize African domestic capital to support economic infrastructure projects and economic growth. The book, Structured Finance: Conditions for Infrastructure Project Bonds in African Markets, was officially launched by AfDB Vice-President, Finance, Charles Boamah on the sidelines of the IMF-World Bank Spring Meetings in Washington, DC. “Sound domestic capital markets are critical to the development of African countries,” said Boamah. “Accordingly, the African Development Bank...
28-Jan-2013

Sommet de l’Union Africaine - Ban Ki-moon met en garde contre toute réduction de l’aide au développement

« Je mets en garde les donateurs contre toute réduction de l’aide au développement, car l’aide est une exigence morale et humaine », a déclaré Ban Ki-moon, Secrétaire général des Nations-Unies à la cérémonie d’ouverture du  20e sommet de l’Union Africaine (UA). « La contribution de l’Afrique à la croissance économique mondiale est appréciable. Cependant, la situation reste préoccupante, en dépit de l’énorme potentiel du continent en ressources naturelles et humaines », a-t-il ajouté. A la suite des allocutions inaugurales, Youssouf Ouédraogo, Conseiller spécial et représentant du...
21-Jan-2013

NEPAD : L’action de la BAD saluée à Addis-Abeba

La contribution de la Banque africaine de développement (BAD) au développement des infrastructures en Afrique a été saluée par la 28ème session du Comité d’orientation des Chefs d’Etat et de Gouvernement du NEPAD qui vient de se tenir à Addis-Abeba, en Ethiopie, en marge du 20ème Sommet de l’Union africaine. Au cours des différentes présentations, les orateurs ont apprécié les efforts déployés par le NEPAD et ses partenaires pour renforcer les infrastructures en Afrique. Dans la présentation de son bilan à la tête du Comité, le président de l’Afrique du Sud, Jacob Zuma, s’est félicité du...
13-Aug-2012

AWF and NEPAD to Boost Economic Development in the Songwe River Basin

The African Water Facility (AWF), in collaboration with New Partnership for Africa’s Development – Infrastructure Project Preparation Facility (NEPAD-IPPF), hosted a meeting recently to launch the preparatory phase of the Songwe River Basin Development Programme in Kyela, Tanzania.   The event was attended by more than 150 people, including local and national government officials from both countries and representatives from the beneficiary communities. The objective of the preparatory phase is to foster regional cooperation and assist the two countries in creating a long-term...
11-Jun-2012

NEPAD-IPP Facility and Indian Trust Fund join forces to enhance railway sector in EAC Region

The railways sector development project in the East African Community (EAC) region was at the center of discussions during the Bank’s 2012 Annual Meetings in Arusha, Tanzania. A joint funding grant accord was signed on June 1, between the EAC, the Indian Trust Fund and the NEPAD-Infrastructure Preparation Project Facility, to modernize and improve the railway sector in the region. Under the agreement, the EAC railway project will start in June 2012 and end in 2014, with a US$ 1.8-million budget for harmonization of regulatory and legal framework, prefeasibility and feasibility...
24-Mar-2010

AfDB Ethiopia Field Office Other Stakeholders in Celebrating World Water Day

At the invitation of Asfaw Dingamo, Minister of Water Resources, the African Development Bank (AfDB) Ethiopia Field Office joined officials of the Government, Parliamentarians and other stakeholders from civil society, private sector and the donor community to celebrate World Water Day on 22 March 2010, under the theme “Clean Water for a Healthy World”.    Speaking at the event Minister Dingamo underscored the fact that access to safe water is directly connected to the Millennium Development Goals, including the eradication of poverty and hunger, achieving universal primary...
19-Mar-2010

World Water Day, 22 March: Clean Water for a Healthy World

The international observance of World Water Day is an initiative that grew out of the 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro.  The United Nations General Assembly designated 22 March of each year as the World Day for Water by adopting a resolution. This world day for water was to be observed starting in 1993, in conformity with the recommendations of the United Nations Conference on Environment and Development contained in chapter 18 (Fresh Water Resources) of Agenda 21.  States were invited to devote the Day to implement the UN...
15-Sep-2009

AWF Approves Grant for Regional Water Policy in ECCAS

Bank Group President, Donald Kaberuka, has approved a €1,430,000 grant from the African Water Facility (AWF) for the implementation of the regional water policy within the Economic Community of Central African States (ECCAS). Estimated at € 2,263,000, the project will attract €1,430,000 from the African Water Facility, while IPPF-NEPAD will contribute €490,000. In May 2006, ECCAS Water Ministers established and adopted a framework to resolve issues related to water resources management. On this basis, a proposal was presented to the AWF to support the implementation of a regional water...
06-Apr-2009

AfDB and Partners Attend North-South Corridor Financing Conference

AfDB President, Donald Kaberuka, attended in Lusaka, Zambia on April 6, 2009 a two-day high-level financing conference on the North-South Corridor.  The event has brought together four African heads of state, namely; Presidents Rupiah Banda of Zambia, Mwai Kibaki of Kenya, Yoweri Museveni of Uganda and Kgalema Mothlante of South Africa. Other donor institutions represented at the event include the DFID, World Bank, the European Union, Japan, France, the United States, the Netherlands, Sweden, Norway and Finland. Donors are expected to work collaboratively in support of the initiative...
27-Feb-2009

Media Professionals Call for Collaboration with NEPAD and Stakeholders

February 20, 2009 - African media experts, managers, and journalists from various state-run and private organizations along with communication practitioners from regional institutions, including the AUC, NEPAD Secretariat, UNECA, UNDPI, UNAIDS, OSAA and the AfDB, last Friday, February 20, 2009, in Johannesburg, called on each other to closely collaborate in efforts at delivering development information in Africa. The NEPAD Media Dialogue, the first of its kind, gave media scholars, journalists and practitioners from the US, UK, and across African continent the opportunity to brainstorm on...
20-Feb-2009

African Media to Chart Course for NEPAD News Coverage

Johannesburg, South Africa, 19 February 2009 – Some 50 senior media executives from across Africa began meeting on Thursday in Johannesburg, South Africa, to discuss ways of increasing understanding of and support for NEPAD as a development framework through targeted journalistic coverage. The two-day dialogue will achieve this by creating opportunities for direct contact between senior journalists and media practitioners, senior officials and decision-makers from the African Union Commission and the NEPAD (New Partnership for Africa’s Development) Secretariat. The conference is...
26-Jun-2008

Regional Integration is a compliment to national development programs, says the World Bank’s Regional Integration Department Director

The African Development Bank and World Bank Focus on Improving Regional Integration "The track record of what African Development Bank and World Bank have achieved over the last several years shows that our partnership with Africa on the regional agenda is starting to make a difference, Both banks share the conviction that regional integration is an important compliment to national programs of development and are committed to assist national clients to leverage effectiveness through exploiting regional solutions where these can provide economies, open new markets or help create important...
26-Jun-2008

NEPAD-IPPF 8th Oversight Committee Meeting

Delegates discussed, among other issues, an initiative to strengthen management and governance of the fund, particularly representation of donors on the Committee; and considered actions recommended at the 7th OC meeting. The event was attended by the Canadian International Development Agency, DfID from the UK, the Danish government, Norwegian Agency for Development Cooperation, AU Commission, the NEPAD Secretariat, the AfDB and Germany, Gabon's Minister of Trade, Industrial Development and NEPAD, the Director of Infrastructure at the African Union Commission, ECCAS Secretary General,...
27-Mar-2008

African Development Bank, NEPAD and World Bank call for increased investments in agricultural water in Africa

Tunis, March 27, 2008 - The African Development Bank (AfDB), the New Partnership for Africa's Development (NEPAD), and the World Bank today called for an increase in funding and a renewed focus on agricultural water management in Africa, including irrigation, drainage and rainwater harvesting. Representatives of AfDB, NEPAD and the World Bank issued the call after a special session on agriculture water use in Africa held in Tunis at the First African Water Week. The meeting discussed challenges facing agriculture water development in Africa and a proposal for a new Initiative aimed at...
25-Jan-2008

Bank Group Participates in Roundtable on African Infrastructure

Bank Group Participates in Roundtable on African Infrastructure African infrastructure ministers met on Thursday in Saly-Portudal, Senegal within the framework of the "NEPAD’s Roundtable on the Financing of Priority Infrastructure." Chaired by Senegalese President, Abdoulaye Wade, the event brought together the African Union’s Infrastructure and Energy Commissioner, Bernard Zoba; the Islamic Development Bank President, Mohamed Ali; African ministers of infrastructure, representatives of regional economic communities, NEPAD secretariat representatives and Bank Group experts. The...