Partnerships

24-Jan-2020

Ethiopia - Institutional Support Project for Public-Private Partnerships (ISP-PPP) - Project Appraisal Report

The project direct beneficiaries will be the key institutions responsible for public finance and economic management, and institutions in charge of economic, social and private sector development, particularly: the Ministry of Finance and Economic Development (MoFED); Ministry of Water, Irrigation and Energy; Ministry of Health; National Planning Commission; Ethiopian Investment Commission (EIC); Ethiopian Roads Authority (ERA); Ethiopian Electric Power (EEP); and Privatization and Public Enterprises Supervising Agency (PPESA). Key umbrella private sector organizations such as the Ethiopian...
13-Jan-2020

African Development Bank unveils Policy on Non-Sovereign Operations

The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). The policy provides the general framework and modalities required for Bank lending and investment without sovereign guarantee to private and public entities that meet specific eligibility requirements on non-concessional terms. The workshop, held in Abidjan, was attended by government officials, diplomats, private sector representatives, partner organizations and the civil society. Bank officials engaged with...
13-Jan-2020

African Development Bank signs five-year agreement to use International Federation of Consulting Engineer (FIDIC) standard contracts

The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted the Bank a non-exclusive licence to refer to the seven major FIDIC contracts (see list in notes below) for projects they finance and the documents may be used as part of the Bank’s standard bidding documents. The contracts include the latest 2017 Second Edition FIDIC contracts and 1999...
19-Dec-2019

Maroc : la Banque africaine de développement mobilise 220 millions de dollars pour soutenir la compétitivité industrielle des régions

Le Conseil d'administration de la Banque africaine de développement a approuvé, ce mercredi, un financement de 220 millions de dollars américains destiné à mettre en œuvre un programme axé sur les résultats pour l’amélioration de la compétitivité territoriale au Maroc. Le programme vise à faire émerger les territoires en tant que nouveaux pôles industriels compétitifs pour attirer plus d’investisseurs privés et générer de nouveaux emplois. Cette...
16-Dec-2019

African Development Bank approves $5 million grant to scale up Tony Elumelu Entrepreneurship Programme

The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs. The grant follows the signing of a letter of intent between the Bank and the Tony Elumelu Foundation, which took place during the Tony Elumelu Foundation Entrepreneurship Programme launch in March this year. The partnership will bring about future collaboration focused on strengthening small to medium-sized enterprises as well as talent and skills development for...
12-Dec-2019

African Development Bank and African Union to roll-out a continent-wide electricity market Masterplan

The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled, on November 29th, during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo. The workshop also produced the Masterplan’s terms of reference. “The Continental Power System Master Plan will ensure that competitive electricity markets are...
03-Dec-2019

Sommet Mondial sur le genre 2019 à Kigali : avec « Entreprenarium », les femmes entrepreneures à l’école des bonnes pratiques d’investissement

Dans le cadre du Sommet mondial sur le genre 2019 organisé à Kigali, des sessions interactives de formation et de renforcement de capacités ont été animées par des experts, via le programme « Entreprenarium », à destination des entrepreneures du continent, intéressées par les meilleures pratiques d’investissement. La formation s’est déroulée en deux phases : la première sur les aspects théoriques avec des discussions sur les stratégies de recherche et de gestion fonds, les investissements et les relations avec les investisseurs. La seconde sur les outils techniques permettant une...
03-Dec-2019

African Development Bank launches digital tool to help African youth learn to code

The African Development Bank and technology firm Microsoft today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youth, wherever they are across the continent. The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future. The high-level event drew heads of state and government, ministers and leaders from the private sector and academia to discuss how this new tool and...
03-Dec-2019

Conférence économique africaine 2019 - A Sharm el-Cheikh, l’emploi et le développement des capacités des jeunes africains, au cœur des débats

Plus de 350 parties prenantes convergent vers Charm el-Cheikh en Égypte, pour participer à la Conférence économique africaine (AEC) de 2019 qui porte cette année, sur les questions liées à l’emploi, à la compétence et au développement des capacités des jeunes africains. Du 2 au 4 décembre 2019, la conférence, réunira des chercheurs, des représentants de la jeunesse, des chefs d’entreprise, des décideurs et des représentants des médias d’Afrique et du monde, afin d’élaborer des politiques et des stratégies susceptibles de favoriser la croissance inclusive et la création d’emplois dans la...
29-Nov-2019

Hola, Madrid! African Development Bank takes the continent’s climate agenda to COP25 in Spain

The African Development Bank will on Monday kick off a campaign to present the continent’s case at the world’s leading climate change conference. The 25th session of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) comes at a crucial time for the globe and Africa in particular. In recent years, rising temperatures have wreaked havoc with weather patterns, leading to suffocating heat and devastating storms. In Africa, the climate has exacerbated food shortages and destroyed infrastructure. African countries know all too well the risks...
14-Nov-2019

2019 Africa Investment Forum: African Development Bank, EU reaffirm partnership, ambition to de-risk business environment, create jobs in Africa

The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs. Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum. Both men stressed the central role of investment in the...
13-Nov-2019

African Development Bank Group becomes a shareholder in Africa Finance Corporation

L'Africa Finance Corporation (AFC), un prestataire de solutions d'infrastructures de premier plan en Afrique, a annoncé, hier, que la Banque africaine de développement avait investi 50 millions de dollars américains pour entrer à son capital. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated (AAA with stable outlook) multinational finance institution, has invested $50 million in the equity of AFC. The Bank Group’s investment in AFC will enable both...
12-Nov-2019

Africa Investment Forum 2019: Billion dollar boost for African female entrepreneurs

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what the EIB has dubbed SheInvest. The EIB expects the gender-lending initiative to allow women to play a more active role in economies. “This initiative aims to promote female entrepreneurship,” said Fayolle, noting that female entrepreneurs will also gain business skills from the...
12-Nov-2019

Cameroun : la Banque africaine de développement et le Programme alimentaire mondial explorent des axes de collaboration

Le responsable pays, Solomane Kone et l’équipe des experts du Bureau de la Banque au Cameroun (COCM), ont eu une consultation avec une délégation du Programme alimentaire mondial (PAM), conduite par Janvier Litse, conseiller supérieur Afrique sur le développement financier, le 17 octobre 2019. La consultation (Deep Dive) avait pour objectif d’explorer les domaines possibles de coopération entre les deux institutions au niveau du Cameroun.  Les deux parties ont échangé sur leurs principaux domaines d’activités et ont notamment exploré des axes de collaboration au niveau du portefeuille...
24-Oct-2019

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

The African Development Bank has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change. The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) on 4 October 2019. The ABM board is being assisted by an interim secretariat, which is placed in the Bank’s Climate Change and Green Growth department, headed by the director Dr. Anthony Nyong. “We have on board some of the brightest minds in the climate change world, with tons of experience in different...
23-Oct-2019

Seedstars World partners with African Development Bank to propel youth startups and jobs

Seedstars World, a Swiss-based startup competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line with the Bank’s entrepreneurship and innovation lab under its Jobs for Youth in Africa (JfYA) strategy. The aim is to create 25 million jobs and equip 50 million young people with skills to enhance their employability and entrepreneurial success by 2025. The strategy will support countries to stimulate...
23-Oct-2019

African Development Bank funds Angola initiative to improve business environment and diversify exports

The Angolan Government has launched a study funded by the Bank through the KOAFEC trust fund to support the improvement of export diversification and the business environment. The launch event was attended by the Bank’s director for regional development and regional integration, Moono Mupotola, the Bank’s country manager for Angola, Joseph Ribeiro; the Angolan minister of commerce, Joffre Van-Dúnem Júnior; secretary of state for economy, Sérgio dos Santos; the chargé d’ affaires of the Republic of Korea in Angola, Joohoon Kim; and the executive director of Angola’s Export Promotion and...
18-Oct-2019

African Development Bank inks €12.5 million deal with Adiwale Fund for SMEs

The African Development Bank on Thursday signed off on its €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa. The Bank Group’s board of directors approved the investment in March as part of its commitment to grow  SMEs and improve livelihoods in countries underserved by the global equity market. With a target fund size of €75 million, the Fund will take minority stakes in vibrant SMEs in countries where economic prospects and the Fund’s...
14-Oct-2019

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa. CGC will identify and work with six African countries to conduct feasibility studies for the project, which was initiated at the Green Bank Design Summit held in Paris in March 2019. The Summit tasked 23 developing countries to craft a new model to mobilise and accelerate investment in clean energy. Andrea Colnes, Director of Global Green Bank...
28-Aug-2019

TICAD7: PM Shinzo Abe says Japan will help double Africa’s rice production by 2030

“We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity.” - Adesina urges. Yokohama, Japan, 28 August 2019 – The Sasakawa Association will work with the Japan International Cooporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7.  “Japanese technology can play a key role in innovation which is key to agriculture,” Prime Minister Shinzo Abe told delegates...