Latest findings from joint World Bank, AfDB research

WASHINGTON, DC, March 30, 2011 – With about 30 million Africans living outside their home countries, migration is a vital lifeline for the continent. Yet African governments need to do more to realize the full economic benefits of the phenomenon, says a new report by the African Development Bank and the World Bank.

Libreville, Gabon, 11/06/08-Donors at the 8th NEPAD Infrastructure Project Facility, NEPAD-IPPF Oversight Committee Meeting in Libreville, Gabon, have pledged to contribute more than US$ 10 million, to the facility to support its capacity building activities for Regional Economic Communities (RECs). DFID, during the two-day meeting, announced it was contributing US$ 5 million for the operationalization of the AU Commission’s Coordination Mechanism, while Germany, for its part, is considering contributing more than €2 million pledged last year.

Presentation of the Basin

The African Development (AfDB) Group’s effort in Zimbabwe’s economic recovery has received a major boost with the publication of a comprehensive infrastructure development action-plan for strong and sustained growth in the country. The 342-page report titled “Infrastructure and Growth in Zimbabwe - An Action Plan for Sustained Strong Growth” has been endorsed by an informal AfDB Board.

Casablanca, 24 March 2011 -The inaugural Africa Sovereign Funds Roundtable held on 15 and 16 March 2011 in Casablanca, Morocco, was organized by Institutional Investor’s Sovereign Investor Institute in association with the African Development Bank (AfDB).