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A chat with Dr. Awuese Oku, Chief Learning and Development Officer about EDGE Certification and what it means for the African Development Bank

16-mar-2020 - 1 - What is Edge Certification and why should we be excited about it? Launched at the World Economic Forum in 2011, Economic Dividends for Gender Equality (EDGE) is the leading global standard for gender equality in the workplace. The rationale is to measure through evidence-based data, progress made in mainstreaming gender in the workplace and with an organisation’s external partners. EDGE Certification has been designed to assist companies create an optimal workplace for both women and men and leverage the diversity dividends.

The African Development Bank’s Facility for Energy Inclusion attracts $160m in commitments for small-scale renewable energy

16-mar-2020 - The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion or FEI.

Africa Fertilizer Financing Mechanism launches $2.2 mill project in Nigeria to boost fertilizer supply to 200,000 farmers

13-mar-2020 - The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers. The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppliers, 12 hub agro-dealers and 120 retail agro-dealers. The project will also train farmers in proper fertilizer use and other agricultural best practices.

Sierra Leone to count on African Development Bank to help build resilient economy, restore self-sufficiency in rice production

13-mar-2020 - Sierra Leone will look to the African Development Bank to stimulate agribusiness development in the country with a focus on rice production, its president Maada Bio told a visiting delegation led by its president Akinwumi Adesina. Adesina began a two-day visit to Sierra Leone on Wednesday, during which he will hold meetings to discuss curbing malnutrition, creating skills and jobs for young people, rapidly scaling up economic diversification and restoring the country to self-sufficiency in rice production.

Côte d’Ivoire : la Banque africaine de développement relance l’important projet aquacole de Dompleu, dans l’ouest du pays

13-mar-2020 - La Banque africaine de développement a lancé, mercredi 11 mars à Man, dans l’ouest de la Côte d’Ivoire, la composante Appui à l’autonomisation des femmes et des jeunes du Projet de renforcement des réseaux électriques du District des Montagnes, piloté par la société publique Côte d’Ivoire Énergies et mis en œuvre par l’Organisation des Nations unies pour l’alimentation et l’agriculture (FAO).

Mali : la Banque africaine de développement accorde plus de 32 milliards de francs CFA pour la construction de la « route de l’unité nationale », Bourem-Kidal

13-mar-2020 - La Banque africaine de développement et le gouvernement du Mali ont signé, jeudi 05 mars dernier à Kidal, un accord de financement pour la construction de la route Bourem-Kidal, longue de 285,83 Km et surnommée « route de l’unité nationale ». L’accord de financement portant sur 32,25 milliards de francs CFA a été signé par la responsable du bureau-pays de la Banque au Mali, Mme Haly Louise Djoussou-Lorng et le Premier ministre malien Boubou Cissé également ministre de l’Economie et des Finances.

La Banque africaine de développement entre au capital du fonds d’investissement Yeelen Financial Fund L.P.

12-mar-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 11 mars à Abidjan, une prise de participation de 12 millions d’euros au capital du fonds Yeelen dédié au secteur financier.

Namibia: African Development Bank approves $121.7 million loan, Euro 3 million grant to support water and sanitation sector

12-mar-2020 - The Board of Directors of the African Development Bank on Wednesday approved a $121.7 million loan (ZAR 1.893 billion) and Euro 3 million grant from the Rural Water Supply Sanitation Initiative Trust Fund to support Namibia’s “Water Sector Support Program”. The program will facilitate sustainable production and transfer of water resources to improve access to potable water and for agricultural and industrial use. It will also enhance sanitation in rural areas and enrich institutional capacity, sustainable management and utilization.

Botswana: African Development Bank supports economic diversification project through FAPA

12-mar-2020 - An economic diversification project supported by the Africa Development Bank was launched in Botswana last month to strengthen the small stock, tourism and horticulture industries by improving businesses linkages particularly among small- and medium-sized enterprises (SMEs). The Botswana Economic Diversification Project was launched on 6 February, 2020 in the capital Gaborone, with the aim of diversifying the southern African nation’s economy, which is heavily dependent on minerals, especially diamond exports.

Le Congo et le Cameroun reliés par 300 km de route grâce à la Banque africaine de développement

12-mar-2020 - Le président congolais, Denis Sassou Nguesso, a inauguré, vendredi 06 mars 2020, la route reliant la ville de Ketta au Congo au poste-frontière de Ntam au Cameroun. Longue de 300 km, cette route surnommée « route de l’intégration » a coûté 103 milliards de francs CFA préfinancée à 90% par la Banque africaine de développement.

La Banque africaine de développement a consacré plus du tiers de ses approbations au changement climatique en 2019

11-mar-2020 - La Banque africaine de développement a consacré, en 2019, 36% de ses approbations, soit 3,6 milliards de dollars, au financement du changement climatique, dont plus de la moitié dédiée à l’adaptation des pays du continent à ce phénomène. Après la 21ème Conférence des parties sur le changement climatique (COP 21), organisée par les Nations unies en décembre 2015 à Paris, la Banque s’est dotée d’un Plan d’action pour le climat pour la période 2016-2020, donnant une place centrale au renforcement de la résilience climatique.

Namibia: African Development Bank approves $129.4 million loan to boost economic governance and competitiveness

11-mar-2020 - The Board of Directors of the African Development Bank has approved a $129.4 million (ZAR 2.011 billion) loan to finance the Namibia Economic Governance and Competitiveness Support Programme, EGCSP.

Cameroon: African Development Bank launches project to tackle electricity metering challenges

11-mar-2020 - The African Development Bank and the multi-donor Fund for African Private Sector Assistance (FAPA) have joined the government of Cameroon to launch an initiative to bolster the deployment of electricity metering services in the country.

Ghana seeks African Development Bank support for domestic development bank

11-mar-2020 - Ghana is seeking support from the African Development Bank Group to establish a national development bank, the country’s Finance Minister Kenneth Ofori-Atta told a delegation of Bank Executive Directors in Accra last week. “We need your support on that and we hope you’ll come along,” Ofori-Atta said. The Executive Directors, led by Bright Okogu, representing Nigeria and Sao Tome & Principe, were concluding a week-long consultative mission to the West African country.

Bank President Akinwumi Adesina to visit Sierra Leone to discuss nutrition, development plan

11-mar-2020 - WHO: African Development Bank Group WHAT: President Akinwumi Adesina to hold discussions with President Julius Maada Bio WHERE: Sierra Leone WHEN:  11 to 13 March 2020         

Sudan: African Development Bank signs first private sector loan, DAL Group to receive up to $75 million

10-mar-2020 - The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The agreement is the Bank’s first private sector loan to the East African nation. The agreement was signed on Thursday, 5 March at a ceremony held at the Bank’s Sudan Country Office by Dr. Jennifer Blanke, Bank Vice President for Agriculture, Human and Social Development representing the Bank, and DAL Group Chairman Osama Daoud Abdellatif.

Côte d’Ivoire: Mother-child hospital shows success of public-private partnerships

10-mar-2020 - A cutting-edge hospital in the Abidjan suburb of Bingerville is reducing maternal mortality rates in the world’s largest cocoa producer, proving the promise of public-private partnerships. For the past two years, the mother-child hospital in Bingerville, founded by the foundation of Ivorian first lady Dominique Ouattara, has seen over 60,000 patients. On a visit to the hospital on Tuesday, Ouattara shared the hospital’s success with dignitaries.

Cameroon: African Development Bank Executive Directors visit pioneer member country with $3 billion project portfolio

09-mar-2020 - A five-member delegation of African Development Bank Executive Directors has concluded a week-long fact-finding mission to Cameroon during which they met with the country’s Prime Minister and other senior officials. During the mission which began on 2 March 2020 in the capital, Yaoundé, the Executive Directors also held consultations with stakeholders, including private sector operators and development partners. They also toured Bank-financed projects.

On International Women’s Day Dr. Jennifer Blanke, Vice President for Agriculture, Human and Social Development takes stock and answers 3 questions about African women and agriculture and gives us results from the ground in Zambia, Zimbabwe and Sudan

08-mar-2020 - 1. Can you tell the many observing International Women’s Day about the integral role women play in African agriculture? It is well known that women form the backbone of Africa’s economies, and this is as true of agriculture as other areas. In many parts of Africa, well over half of the farmers are women and they are also are very active in value addition such as food processing, as well as in the agricultural service sector. And they do this often back breaking work while also carrying out the unpaid work of running households and child-...

Access to Finance: Why Aren’t Women Leaning In?

08-mar-2020 - Hanan Morsy As a girl, I was taught to believe that personal agency prevails over societal biases. I was told that I could accomplish anything if I believed in myself and that sexism was not insurmountable. Later, as a woman, I found out that my parents’ advice could not have been wiser. In Africa, the gender gap in access to financial services is driven by women entrepreneurs’ own self-perception. Such perception leaves many African women on the fringes of the financial sector—unable to save, borrow, or build capital.