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TICAD7: African Development Bank discusses relief for fragile states through innovative private sector financing solutions29-aoû-2019 - Access to concessional resources and insurance cover for pioneering investments, offer fragile nations the best tools to jump-start their economies, the African Development Bank said.
African Development Bank Group signs $28.8 million grant deal with Somalia for road and water projects29-aoû-2019 - Mogadishu, Somalia, 29 August 2019 – The African Development Bank Group on 27 August 2019 signed two grants for $28.8 million for road and water supply projects to improve livelihoods in Somalia and boost resilience. The grants, approved by the Bank’s Board on 19 July 2019, confirm sustained efforts, especially by the African Development Fund, to tackle fragility in the Horn of Africa. They comprise $11.99 million for the Kismayo Baidoa urban water project and $16.86 million to partly finance a $66.7 million road.
29-aoû-2019 - Abidjan, Côte d’Ivoire, August 29 - African Development Bank Group President Akinwumi Adesina arrives in the Kingdom of Eswatini on Saturday for an official visit, which will include a trip to one of the major Bank-funded projects in the country. Adesina will meet with Eswatini Minister of Finance Neal Rijkenberg.
28-aoû-2019 - “We must end hunger in Africa. Yes, we must! Hunger diminishes our humanity.” - Adesina urges. Yokohama, Japan, 28 August 2019 – The Sasakawa Association will work with the Japan International Cooporation Agency (JICA), to help double rice production to 50 million tonnes by 2030. Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7.
“The Kaizen approach is more than a technique…it is an approach to economic development, and it’s been yielding tremendous results” - African Development Bank Vice-president Celestin Monga27-aoû-2019 - Yokohama, Japan, 27 August 2019 – Kaizen, the business philosophy which means continuous improvement in Japanese, was at the heart of discussions at a seminar held on Tuesday, and co-organised by JICA and NEPAD on the sidelines of the 7th Tokyo International Conference on African Development, TICAD7. The seminar, under the theme: “Africa’s Socio-economic Transformation through innovation,” discussed the role of Kaizen, in improving quality and productivity as well as human resource development on the continent.
27-aoû-2019 - The African Development Bank Group on 21 August 2019 signed a deal to support Zimbabwe’s post-cyclone Idai recovery plans with $24.7 million as part of its lead role to help restore livelihood and infrastructure in areas most hit by the disaster this year. Cyclone Idai hit the southern African nation in March, causing loss of lives, devastation, displacement and extensive damage to infrastructure in some eight districts. The Bank Group initially responded to the calamity with $250,000 to support the humanitarian aid response.