South Africa

02-Dec-2016

Climate finance mobilization required to strengthen NDC ambition, says new report

The African Development Bank (AfDB) Climate Investment Funds (CIF) unit released in November a new study which details regional member countries’ progress in ratifying the Paris Agreement and their efforts to transition Intended Nationally Determined Contributions (INDCs) into Nationally Determined Contributions (NDCs). The report found that in many countries, projected contributions will be conditional based upon receipt of climate finance support. On 4 November 2016, the Paris Agreement, which aims to limit the average global temperature increase by 2100 to well below 2°C...
01-Dec-2016

“CSOs, essential partners for AfDB to achieve results and impact on the ground,” says Maria Mulindi, Senior Advisor to AfDB President

“Civil society organizations are essential partners for the African Development Bank (AfDB) to achieve results on the ground, and have positive impact on the lives of project beneficiaries,” said Maria Mulindi, Senior Advisor to AfDB President for Civil society and Community-Based Organizations. She was speaking at the closing ceremony of the AfDB regional consultations meeting with Southern Africa civil society organizations (CSOs) on 30 November 30 in Johannesburg, South Africa. “The Bank cannot fulfil its agenda without you. We have to work together to meet the aspirations of the...
29-Nov-2016

The African Water Facility promotes sustainable growth through climate resilient water resources development in Southern Africa

The African Water Facility (AWF) approved a grant of about €2 million to support a multinational transboundary project to prepare a Climate Resilient Water Resources Investment Strategy and Multipurpose Project for the Orange-Senqu River Basin, serving the population of Botswana, Lesotho, Namibia and South Africa. The main goal of this project is to promote sustainable socio-economic growth in the basin riparian countries through climate resilient water resources development in the framework of basin wide cooperation led by the Orange Senqu River Basin Commission (ORASECOM). The project will...
29-Nov-2016

Southern African CSOs and AfDB outline expectations for better cooperation

At a regional consultation meeting the African Development Bank (AfDB) is organizing with Southern African civil society organizations (CSOs) from November 28 to 30 in Johannesburg, South Africa, the Bank and CSOs outlined their expectations so as to provide a better understanding of their respective roles and strengthen cooperation. Speaking at the meeting, Zeneb Touré, Principal Civil Society Engagement Officer, started her intervention by outlining that the objective of the meeting was to exchange with CSOs on the Bank’s strategic focus in three priority areas: energy and climate change...
29-Nov-2016

Southern African CSOs commend AfDB for engaging with them on delivery of Bank’s High 5 priorities

During a consultation meeting that opened on November 28 in Johannesburg, South Africa, Southern African civil society organizations (CSOs) commended the African Development Bank (AfDB) for seeking their input for better delivery of its operational priorities.  “As CSOs, we would like to commend the Bank for its decision to engage us more closely than before. We welcome this as it demonstrates the Bank’s appreciation of the role CSOs play in supporting and complementing government intervention, as well as its recognition of the CSOs as a key development player that can help in...
18-Nov-2016

AfDB to Open Dialogue with Southern Africa CSOs on its Operational priorities

The African Development Bank (AfDB) will organize from 28 to 30 November 2016 a regional consultations meeting with Southern African Civil Society Organizations (CSOs) in Johannesburg., The meeting will be the third of a series of five regional consultations with African civil society organizations after the ones organized for West Africa in Dakar from 31 August to 2 September 2016, and for Central Africa in Yaoundé from 28-30 September 2016. The meetings with regional CSOs aims to strengthen mechanisms and grassroots support in the implementation of the Bank’s  High 5s priorities (...
17-Nov-2016

Africa’s renewable energy revolution must engage public and private financing partners to break down economic, political and social risks, experts agree

At the UN’s global climate conference this week, governments and development partners came together to examine the role of financing in shaping some of Africa’s groundbreaking renewables successes such as Morocco’s Noor Concentrated Solar Power (CSP) plant. In an event co-hosted by the African Development Bank (AfDB) and the Climate Investment Funds (CIF), participants considered how the growing explosion in renewables in some African countries is being built on strategic partnerships between public and private sources of financing. Renewable energy has been identified as a key driver for...
20-Oct-2016

Working Paper 244 - Occupational choice and agricultural labor exits in Sub-Saharan Africa

Economic development is characterized, almost universally, by rising output per agricultural worker and the movement of labor from agriculture to other sectors, which together result in rising incomes and falling incidence of poverty (Timmer 2009). African countries are mostly in the early stages of this structural transformation process, with large cross-sector productivity gaps and large labor shares still in agriculture (Gollin, Lagakos, and Waugh 2014). Recently, though, growth has been observed in annual output per worker across SubSaharan Africa. In the aggregate, labor exits from...
12-Oct-2016

AfDB approves 570 million rand loan to finance affordable housing in South Africa

The Board of Directors of the African Development Bank Group (AfDB) has approved a Senior Loan of ZAR 570 million to South Africa’s Housing Investment Partners Trust 2 -HIP2), also known as Vulumnyango Trust, to help finance affordable housing programmes in the country. The loan will help improve access to long-term affordable housing finance to South Africa’s lower-middle income earners currently with limited opportunities to access affordable mortgages. It will also consolidate the growth of a strong affordable housing sector within South Africa. The project provides a demonstration...
22-Jul-2016

PPM – South Africa - Regional Institutional Support Project on Public Financial Governance (RIPFG)

PPM – South Africa - Regional Institutional Support Project on Public Financial Governance (RIPFG)
25-Feb-2016

Project Brief - South Africa - Eskom Corporate Loan

The corporate loan will assist Eskom, South Africa’s electricity company, to complete its CEP. The program, to be rolled out over a 5-year rolling period (2015/16 –2019/20), will deliver major transmission lines, refurbishments, substations, and additional generation, including completion of: Ingula Plant (1332 MW), Medupi Plant (4764 MW) and Kusile Plant (4800 MW); refer to Table 1 below. This will enable Eskom to increase its generation capacity, reduce reliance on expensive diesel-fired power consequently contributing to its medium/long-term financial sustainability. This will breed new...
09-Feb-2016

Climate Change Success Stories - Sere Wind Farm

on In recent years, the South African electricity sector, once operationally efficient, ran into major capacity constraints. As a result, power rationing and other measures instituted to prevent the electricity system from collapsing affected the entire economy, especially the country's mining industry, leading to shutdowns of some of the largest mining operations, putting thousands of jobs at risk. In addition, climate change is affecting South African life, especially the poor population, and the country is a major emitter of greenhouse gases, generating its electricity largely from coal....
16-Dec-2015

7th Africities Summit: AfDB commits to support African cities through strengthening of local governments

At the 7th Africities Summit, which took place from November 29 to December 3 in Johannesburg, South Africa, the African Development Bank reiterated its commitment to supporting initiatives for decentralisation and urban development in Africa. The central theme of the summit was “Shaping the future of Africa with the people: The contribution of African Local Authorities to Agenda 2063 of the African Union.” The theme sought to stir a rigorous understanding of likely future trends with intense debate about what needs to be done at the local level with immediate effect to address the...
08-Dec-2015

6th China-Africa Cooperation Forum highlights unique partnership and the role of the AfDB

China is Africa’s largest trading partner for the sixth year running, according to Charles Boamah, African Development Bank’s Vice-President of Finance. The trade volume between the two amounted to US $220 billion in 2014. This is reportedly more than double the trade level between the United States and the African continent. The same is true for investments. Boamah made the remarks during an interview on China Central Television (CCTV) at the Forum on China-Africa Cooperation (FOCAC), which took place on December 4 and 5, 2015 in Johannesburg, South Africa. During the summit, China’s...
01-Dec-2015

Transforming Africa’s transport sector through Public Private Partnerships

One of Africa’s biggest infrastructure challenges is to be found in the transport sector and the negative financial and economic impacts of this deficit cannot be stressed enough. “Financing-Public Private Partnership, how to push for more?” was the title of a panel discussion held at the African Development Bank (AfDB) headquarters on Friday, November 27 in Abidjan.  The discussion focused on what private investors are interested in and the type of policy, legal and regulatory frameworks that are favourable for public private partnerships (PPPs) for project financing in the...
11-Nov-2015

Southern Africa Quarterly Report 3rd Quarter -2014 - Issue No.14

25-Sep-2015

Project Brief - The Kalagadi Industrial and beneficiation project - South Africa

An integrated project encompassing mining, processing and smelting of manganese ore. Mining/processing operations located in the Northern Cape Province of South Africa, and the smelter operations in the Eastern Cape Province. Total sinter production is 2.4m tons per annum, of which 1.7m tons to the export market and 0.7m tons to the smelter plant in Eastern Cape. The total ore ressource estimate is 100 million tons.
14-Sep-2015

South African wind energy farm lights up over 120,000 homes while saving carbon emissions: AfDB/CIF-funded

.more_iteration {display: none;} Context Situation In recent years, the South African electricity sector, once operationally efficient, ran into major capacity constraints. As a result, power rationing and other measures instituted to prevent the electricity system from collapsing affected the entire economy, especially the country's mining industry, leading to shutdowns of some of the largest mining operations, putting thousands of jobs at risk. In addition, climate change is affecting South African life, especially the poor population, and the country is a major emitter of...
28-Aug-2015

Project Brief – ESKOM

This Investment Program is the first phase (2006/7-2011/12) of the Capacity Expansion Program which envisages building 40,000 MW from 2006 to 2025. The main objectives thereof are to (i) assist the Government in achieving ASGISA’s target of 6% per annum of GDP growth from 2010, (ii) ensure security of supply, (iii) improve operational efficiency, (iv) enhance electricity access rate from 72% to 100% by 2012 and (v) foster sustainable development. It is also aimed at promoting the development of the South African Industry; it in particular extends support to the Black Economic Empowerment...
28-Aug-2015

Project Brief – Nedbank Group Project

The total project involves the issuance of up to ZAR 2 billion 15-year subordinated Tier II qualifying bonds by Nedbank that will be listed on the Bond Exchange of South Africa (“BESA”) under Nedbank’s Domestic Medium Term Note (“DMTN”) program This transaction is part of an overall ZAR 8.5 billion capital raising program for 2007, which includes ZAR 5.5 billion of Tier II capital. Of this NBG raised ZAR 2.35 billion of shorter-dated subordinated debt raised earlier this year. Through the proposed transaction, the ADB and the IFC will assist NBG raise a significant amount of Tier II capital...