South Africa

05-Aug-2019

Bank partners with ADEA, South African Government and the Mastercard Foundation in policy dialogue on preparing youth for the future of work

Johannesburg, South Africa, 31st July 2019 – The Association for the Development of Education in Africa (ADEA) yesterday concluded its annual policy dialogue on secondary education in Africa: Preparing youth for the future of work. In partnership with the African Development Bank, the Department for Basic Education of South Africa (DBE), and the Mastercard Foundation, the dialogue reached a consensus that it was critical to reform secondary education in Africa by enhancing the teaching profession, quality learning and 21st century skills provision, and by embracing innovation and information...
24-Jul-2019

L'Afrique du Sud accueille le premier Forum annuel de dialogue politique de haut niveau de l'ADEA sur l'enseignement secondaire en Afrique

L'Association pour le développement de l'éducation en Afrique (ADEA), hébergée par la Banque africaine de développement, et le ministère de l’Éducation de base en Afrique du Sud, organisent, les 29 et 30 juillet prochains à Johannesbourg, le premier Forum annuel de dialogue politique de haut niveau sur l’enseignement secondaire. Le Forum sera l’occasion d’examiner les conclusions et recommandations de la Fondation Mastercard, partenaire de l’événement, dont le rapport est intitulé « L’enseignement secondaire en Afrique : Préparer les jeunes à l’avenir du travail. » Seront...
11-Jul-2019

Standard Chartered Hosts Regional Correspondent Banking Academy in collaboration with the African Development Bank

Johannesburg, South Africa, 11 July 2019 – The African Development Bank lent its support to Standard Chartered Bank’s Regional Correspondent Banking Academy, aimed at promoting responsible financial inclusion and fostering a collaborative approach to managing financial crime risk within Standard Chartered Bank’s correspondent banking portfolio.  The two-day workshop, held in Johannesburg, South Africa, from 2-4 July, was attended by regulators, multi-lateral institutions as well as senior business and compliance officers from key correspondent banking clients across Africa....
27-Jun-2019

South Africa: Agripreneurs Forum welcomes young entrepreneurs and investors

The third African Youth Agripreneurs Forum and AgriPitch competition, a platform connecting sector start-ups with potential partners and financiers, has opened in Cape Town under the theme: “Climate Smart Agriculture: Business and Employment Opportunities for Africa’s Youth. The event is being organised by the African Development Bank, in partnership with the government of the Western Cape. The event has attracted over 200 participants from across the continent including youth agripreneurs, agribusiness companies, investors, environmentalists, academia, development partners and...
13-Jun-2019

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for innovative young entrepreneurs and 200,000 Swiss francs to the Urban & Municipal Development Fund for Africa (UMDF), which helps African cities plan and manage urban growth and climate-resilient development by improving governance and basic services. “These days it’...
06-Jun-2019

South Africa: Women Walking the Road Less Taken, and Shining

Pumza Mbulekwua and Phie Nxumalo are working in male-dominated fields - construction and engineering. The pair both had their Bachelor’s degrees funded by Eskom, as part of its efforts to groom specialists to augment the workforce at its Medupi Power Station. The station co-financed by the African Development Bank, comprises six coal-powered units with a cumulative capacity of 4,764MW. In anticipation of potential mass job opportunities, the Bank and Eskom embedded skills development, in the construction phase particularly, in the contract which was between the two institutions. This had...
05-Jun-2019

South Africa: African Development Bank Group Supports Skills Development in Eskom’s Medupi Power Plant

For many years, Sarina Malatji dreamed about helping out her community. She grew up in a community where few young people could afford an education. Today, she has not only educated herself, but she is also contributing towards the education of others. Malatji was raised in Limpopo Province where the scorching sun and bushveld disadvantage reign. She worked for the state power utility Eskom until 2011, when she left to start her own cleaning business – Green Dot - which currently employs 115 people at the Medupi power plant, one of the largest energy projects undertaken in South Africa...
24-May-2019

GPN - Fund for Africa Private Sector Assistance (FAPA): Private Sector Investment Initiative for Nationally Determined Contributions (NDCs) in Africa - PECG

The Climate Change and Green growth Department (PECG)has received a grant from the African Development Bank’s Fund for African Private Sector Assistance to finance the Scaling up  Private Sector Capacity and Investment for Climate Change and Green Growth Projects in five pilot countries :Egypt, Morocco, Angola, Mozambique, Nigeria and South Africa. The overall goal of the projectis to enable Africa’s private sector participation into climate-related investments that support the implementation of the Nationally Determined Contributions (NDCs) in Africa under the Paris Agreement
13-May-2019

Southern Africa Quarterly Review and Analysis – 1st Quarter 2013 - Issue 8

Southern Africa is projected to grow at 4.4 percent in 2013. A strong first quarter performance in many of the countries set the region on course towards this growth rate. In Angola, despite a slight deceleration of output in the non-oil sector, growth remained quite healthy, supported by oil production. Botswana maintained strong growth on the back of a resurging mining sector. Lesotho maintained positive growth that largely reflected the mining and textile sub-sectors’ good sustained performance, while in Malawi growth rebounded in the first quarter, with the main drivers being improved...
13-May-2019

Southern Africa Quarterly Review and Analysis – 2nd Quarter 2013 - Issue 9

Economic activity in Southern Africa remained quite strong in the second quarter, giving optimism that the region is on course to attain a projected annual average growth rate of 4.4 percent. Angola witnessed a pickup in growth in the non-oil sector, which combined with strong oil production to maintain a healthy second quarter performance. Botswana sustained its strong growth on the back of a resurging mining sector. However, recent adverse weather conditions in the country moderated overall growth during the second quarter. Growth was positive in Lesotho, largely reflecting good performance...
04-Apr-2019

Regional Economic Outlook 2019 - Southern Africa

The Southern Africa economic Outlook reviews macroeconomic conditions in the 13 countries comprising the African Development Bank’s Southern Africa region. The first part highlights growth trends and provides projections for 2019 and 2020 by examining the main drivers of growth based on prevailing global, regional, and domestic conditions. It also examines financial and structural policies and how they shape current and future growth. It then discusses the region’s performance on inequality, employment, structural change, and poverty reduction. The second part discusses the region’s...
01-Apr-2019

African Development Bank advances gender equality in African procurement

Creating space for more women in the African procurement market was at the heart of a technical workshop organised last Thursday and Friday by the African Development Bank. The Bank is spearheading gender mainstreaming actions in procurement on the African continent. It held a technical workshop in Johannesburg, South Africa, which agreed an action plan on implementing targets for the achievement of gender equality in Africa’s procurement sector and in the delivery of vital goods and services. The two main objectives of the workshop were to bring senior policy makers together with...
01-Apr-2019

African Development Bank advances gender equality in African procurement

Creating space for more women in the African procurement market was at the heart of a technical workshop organised last Thursday and Friday by the African Development Bank. The Bank is spearheading gender mainstreaming actions in procurement on the African continent. It held a technical workshop in Johannesburg, South Africa, which agreed an action plan on implementing targets for the achievement of gender equality in Africa’s procurement sector and in the delivery of vital goods and services. The two main objectives of the workshop were to bring senior policy makers together with...
01-Mar-2019

Southern African Governors supportive of African Development Bank’s efforts for increased development impact in the region

The Bank’s regional governors from southern Africa gathered yesterday to consider and discuss the work of the African Development Bank in the past year, following detailed presentations by the Bank’s senior management and an opening speech of welcome by Bank President Akinwumi Adesina. “We are working hard for a much-transformed Southern Africa,” Adesina told governors. Governors commented in detail on the Bank’s transformative projects in the region, and shared their concerns to ensure that their countries’ recent improvement in economic growth would continue to be reflected in solid...
01-Mar-2019

South Africa: African Development Bank Board approves third monitoring report on management action plan for Eskom’s Medupi Power Project

The African Development Bank has approved the recommendations of the third Monitoring Report of the Independent Review Mechanism on the Implementation of the Updated Management Action Plan for Eskom South Africa’s Medupi Power Project. The Medupi Power Project, which is currently under construction, is a 4,764 MW coal-fired power plant in Lephalalae, Limpopo Province, South Africa. The approval by the Board of Directors of the Bank paves the way for the Independent Review Mechanism (IRM) to undertake the fourth annual monitoring of the Medupi Power Project in 2019, in line with...
26-Feb-2019

EOI - Recrutement d’un consultant national individuel dans le cadre d’une évaluation ciblée sur le thème : « les ressources minières au cœur de la transformation structurelle de l’économie sénégalaise

Le Mécanisme africain d’évaluation par les pairs (MAEP) a bénéficié d’un financement de la Banque africaine de développement dans le cadre du Projet d’appui institutionnel au MAEP. Le Mécanisme entend consacrer une partie du montant de cette subvention au paiement des services d’un (01) consultant national expérimenté pour la conduite d’une évaluation ciblée sur le thème : « Les ressources minières au cœur de la transformation structurelle de l’économie sénégalaise ».
25-Feb-2019

Project Summary Note - SA Commuter Transit - South Africa

The Project entails funding of a mass transit financial solutions provider that on lends to small and medium enterprises (“SMEs”) that may otherwise not be able to access traditional financing. With the funding, SMEs will acquire fuel efficient, environmentally-friendly, quality vehicles (minibus taxis) to be used for mass transit across South Africa.
14-Feb-2019

South Africa hosts first-ever Africa Continental Play-based Learning Conference

Ensuring that the children of Africa are adequately prepared for the challenges and opportunities of the 21stcentury, as defined by its fast-paced social, economic and technological change, requires the re-thinking and re-imagining of traditional approaches to learning. An education system that supports the development of skills such as problem solving, critical thinking and creativity will be crucial for success. A growing body of research is pointing to play-based learning as a key means of improving children’s academic performance and personal development. From infancy, children have a...
26-Nov-2018

Mozambique making considerable economic and social progress, says African Development Bank Country report

Mozambique has made significant strides despite an economic slump over the past two years, according to the latest African Development Bank Country Result Brief. Between 2004 and 2015, Mozambique was one of Africa’s fastest-growing economies, but a drop in GDP growth poses a number of challenges for the Southern African coastal economy.   "This result brief highlights the country's efforts to achieve an inclusive and green development model that can effectively reduce poverty through structural transformation and industrialization, generating decent jobs and properly harnessing the...
09-Nov-2018

Africa Investment Forum delegates underscore pathways to Africa’s rapid industrialisation

The industrialise Africa session at the Africa Investment Forum ran late into the evening on Thursday, with delegates focussing on how to drive investment, expand trade and industry and create African industrial champions. Among the panellists were  Ibrahim Mayaki, CEO of the New Partnership for Africa's Development (NEPAD); Emma Wade-Smith, British Trade Commissioner for Africa, and Geoffrey Qhena, CEO of South Africa’s Industrial Development Corporation (IDC). Wade-Smith says that the UK wants to become the leading investment and trading partner with Africa among the Group of...