Liberia: African Development Bank Approves $1mn to boost Private Sector in Wood Industry
The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has approved a grant of US $1 million to Liberia, to provide technical assistance to its fast-growing wood processing industry.
The grant will strengthen the capacity of public and private sector players in the nation’s secondary wood processing industry and provide institutional support to small and medium-sized enterprises (SMEs).
The African Development Bank engages with African civil society at Dakar meeting
Three of the five priorities set by the African Development Bank (AfDB) as part of its Ten Year Strategy were at the centre of discussions between representatives of the institution and members of West African civil society.
Mano River Union Phase II gets go ahead improving more roads and transportation in countries
The Board of Directors of the African Development Bank gave the green light for the launch of the second phase of the Mano River Union (UFM) programme, which would improve roads and facilitate transport between Liberia and Cote d’Ivoire.
This second phase consolidates road rehabilitation efforts so far and will boost economic recovery in the two countries. It will provide for the asphalting of 67.1 km of road between Liberia’s Fish Town and Kelipo (20 km) and between Sanniquellie and Loquatuo (47.1 km), and the construction of two markets along the same roads.
Adesina wraps up Canada visit with a plea in Calgary: “Africa cannot be ignored”
“Given the size of its markets, growth, and huge potential across multiple sectors, Africa cannot be ignored.” This was the African Development Bank President, Akinwumi Adesina’s message at a public and private sector investor roundtable on Thursday in Calgary.
Addressing institutional investors, private sector representatives and provincial government officials in Alberta, Adesina said “We want to make sure investment in Africa can mirror a smooth plane touchdown and that your journey into Africa is not a bumpy ride.”
African Ambassadors meet in Morocco ahead of COP22
The African Development Bank and the UN Economic Commission for Africa held an information session on Wednesday, August 31, 2016 in Rabat, in partnership with the COP22 Steering Committee, for African Ambassadors based in Morocco, in preparation for the upcoming Climate Change Conference. The meeting aimed to present the stakes for Africa at COP22, to prepare countries’ participation and to support existing efforts to coordinate the African participation at the UN climate talks.