Category: Investments

The African Development Bank, in partnership with the Economic Community of West African States (ECOWAS), held a virtual stakeholder forum to outline the regional bloc’s human capital strategy. The forum, which rallied more than 100 stakeholders from across Africa on 30 April, has become imperative because of the COVID-19 pandemic. “Millions of jobs have been threatened as a result of… Read More

The Board of Directors of the African Development Bank has approved a $13.7 million grant to finance the COVID-19 response in Zimbabwe. The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index in the wake of the novel coronavirus pandemic. Approval for the grant was made on May… Read More

Sanitation and Water for All (SWA) –  a global partnership of governments, donors, civil society organizations and other development partners today launched an international campaign to expand access to water, sanitation and hygiene – a key part of the fight against the COVID-19 pandemic. The platform urged governments and global development partners to incorporate a more robust focus on water,… Read More

For Lovelin Chapfika, the excitement of purchasing a house in a residential area outside the Zimbabwean capital quickly turned to disappointment when she discovered her new neighbourhood experienced frequent sewage blockages and overflows. Living in Chitungwiza Unit C extension, about 25 km south of Harare, has not been easy for the mother of three and her family since they arrived… Read More

Abdoulaye Maiga a accueilli avec enthousiasme la signature en 2015 de l’Accord de paix d’Alger entre l’État malien et les groupes armés du Nord. Sa commune, Ansongo, dans le nord du Mali, fait partie des plus touchées par la crise qui a éclaté en 2012. L’aboutissement des pourparlers inter-maliens a ouvert, pour des centaines de milliers d’habitants de la région,… Read More

Le Conseil d’administration de la Banque africaine de développement a approuvé, le 4 février dernier à Abidjan, un don de près de 7 millions de dollars américains à la Commission africaine de l’aviation civile (CAFAC) pour la mise en œuvre du Marché unique du transport aérien africain (MUTAA). Avec cet appui de 6,85 millions de dollars américains (5 millions d’Unités… Read More

Le Conseil d’administration de la Banque africaine de développement a approuvé, le 15 janvier dernier, un financement additionnel de 3,22 millions de dollars américains en faveur du projet d’exploitation géothermique dans la région du lac Assal de Djibouti. Ce financement s’ajoute aux 6,83 millions de dollars et 14,68 millions de dollars américains antérieurs approuvés par le Conseil d’administration de la… Read More

The Federal Republic of Somalia (FGS) revenue mobilization strategy received a boost with a UA 5.5 million grant from the African Development Bank. The strategy aims to ramp up revenue collection through enhanced tax revenue and a more efficient collection system.  The grant, through the Bank’s Economic and Financial Governance Institutional Support Project (EFGISP) phase 2, offers support for Somalia’s… Read More

The Making Finance Work for Africa (MFW4A) partnership, a unique platform for African financial sector development research, advocacy, knowledge management and networking, has launched a special webinar series on the impact of the COVID-19 crisis on African economies and the financial sector. The series offers a platform to discuss concerted actions to mitigate the impact of the pandemic on African… Read More

The African Development Bank is ready to be a partner in coordinated international responses to the COVID-19 pandemic, and can offer expertise on the ground in Africa, an emerging and critical battleground in defeating the worldwide crisis. This was the top line message Acting Senior Vice President Bajabulile Swazi Tshabalala delivered during a United Nations Global Compact virtual panel titled… Read More