The Algiers Declaration on climate change, adopted November 19, 2008 by the Conference of African Ministers of the Environment, will serve as the platform for African countries for future negotiations on climate.

The Board of Directors of the African Development Bank (AfDB) has approved a €20-million equity investment in the Maghreb Private Equity Fund III (MPEF III). This third-generation multi-sector private equity fund will target investments in Small and Medium Enterprises in Morocco, Algeria, Tunisia, Libya and, according to emerging investment opportunities, Egypt.

The AfDB and the Arab Bank for Africa’s Economic Development (BADEA) on Thursday, November 21, 2008, in Tunis signed a protocol agreement to strengthen cooperation ties between both institutions in support of Africa’s sustainable development. The agreement also seeks to strengthen technical and financial cooperation ties between African countries and the Arab world in order to promote Arab-African solidarity.

Weekly African and Western financial markets monitoring, information on exchange rates and commodity prices is available on the AfDB Web site

AfDB Monitoring Tools

The Board of Directors of the African Development Bank (AfDB) approved a loan of USD 88.8 million (UA 56 million) to finance The Improvement of Health Services Delivery at Mulango Hospital and the City of Kampala Project in Uganda. Mulago Hospital is the main National Referral and Teaching Hospital in Uganda.

The project will be co-financed by the African Development Fund (ADF) -- USD 72.9 million (UA 46 million) and the Nigeria Trust Fund (NTF) --USD 15.9 million (UA 10 million).