Africa Investments 

The Sustainable Energy Fund for Africa reports record number of transactions in 2020, secures $90 million in new funding

The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to its recently released 2020 Annual Report. SEFA, managed by the African Development Bank, focuses on green baseload, green mini-grid, and energy efficiency investments. The Fund, founded in 2011, transformed into a Special Fund on 31 October 2019. The report, titled Building Foundations for Success, also details the Fund’s success in attracting increased donor funding. SEFA secured commitments worth $90 million from existing and…

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Africa Investments 

Ghana: African Development Bank Group-financed road interchange opens, trade and incomes expected up

A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors. Ghana’s President Nana Akufo-Addo commissioned the Pokuase Interchange – an array of swirling highways – at a ceremony held Friday 9 July, attended by government ministers, diplomats, transport operators, members of parliament and traditional chiefs draped in colorful regalia. The four-tier interchange — the first of its type in…

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Africa Investments 

First Hydromet Gap Report calls for scaled-up investments in weather forecasts and early warning systems

An estimated 23,000 lives per year could be saved and up to $2 billion in economic losses averted by improving weather forecasts, early warning systems, and climate information in low- and middle-income countries, according to a new report issued by the Alliance for Hydromet Development. Known as hydromet, reliable and accurate weather and climate services, such as early warning systems, create benefits worth at least ten times their costs and are vital to building resilience to extreme weather. And yet, only 40 percent of countries currently have effective multi-hazard early…

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Africa Investments 

G5 Sahel : la Banque africaine de développement et le HCR appuient le plan de riposte sanitaire du Tchad contre la pandémie de Covid-19

La Banque africaine de développement et le Haut-commissariat des Nations unies pour les réfugiés (HCR) au Tchad ont remis, le 30 juin dernier, au gouvernement tchadien des équipements médicaux et du matériel de protection destinés aux structures impliquées dans la lutte contre la pandémie de Covid-19. Ce don d’une valeur de près de 2,85 millions de dollars américains, composé de divers matériels (ventilateurs intensifs portables, tensiomètres pour adultes et pour enfants, stéthoscopes, thermomètres infrarouge et thermomètres électroniques, échographes numériques, protecteurs faciaux, gants d’examen, lits avec relève buste, ventilateurs soins intensifs,…

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Africa Investments 

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector – A Scoping Study, was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021.  Government and development institutions must engage the private sector in efforts to develop the green economy…

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Africa Investments 

Burkina Faso : la Banque africaine de développement apporte une contribution décisive à l’assainissement de la ville de Ouagadougou

Olivier Tiendrébéogo est étudiant en géographie à l’université Joseph Ki-Zerbo de Ouagadougou. Il habite Gounghin, à quelque 200 mètres du Canal du Mogho Naba qui traverse plusieurs quartiers de la capitale burkinabè sur quatre kilomètres de long. La zone est réputée fortement inondable. Mais en dépit des prévisions météorologiques annonçant une forte pluviométrie cette année, la saison des pluies naissante n’inspire chez le jeune homme aucune crainte particulière. Le 1er septembre 2009, Olivier avait 11 ans lorsque Ouagadougou a connu de terribles inondations, causant une cinquantaine de morts et près…

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Africa Investments 

2021 Conference on Land Policy in Africa (CLPA 2021)

What: 2021 Conference on Land Policy in Africa Who: African Land Policy Centre (ALPC), When: 2- 4 November 2021; 09:00 to 17:00 GMT+2 Where:  Kigali, Rwanda; Virtual The African Land Policy Centre (ALPC) will hold its Land Policy in Africa Conference on 2-4 November 2021 in a hybrid format: partly online and partly in Kigali, Rwanda. The theme is Land governance for safeguarding art, culture and heritage towards the Africa We Want.  The Conference will consist of plenary sessions, parallel sessions, masterclasses, side events and exhibitions. The 2021 conference will focus…

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Africa Investments 

African Development Bank to support creation of agricultural value chains in Côte d'Ivoire – President Adesina

The African Development Bank will support Côte d’Ivoire in creating agricultural value chains to create more jobs and make economic growth more inclusive, the bank’s president, Dr. Akinwumi A. Adesina, said on Tuesday during a meeting with Ivorian Prime Minister Patrick Achi. “The African Development Bank will support the Ivorian government in the creation of agricultural value chains in banana, mango, palm oil, cashew, coffee and cocoa products … There will be investments to transform rural areas into areas of wealth” for the people, Adesina said. Since 2015, the African…

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Africa Investments 

African Development Bank, CIF launch a study on the role of women in Uganda’s plastic recycling economy

The African Development Bank and Climate Investment Funds have launched the Gender Technical Assessment of Opportunities to improve Implementation of Plastics and Waste Management in a Ugandan Municipality study, which examines gender challenges in waste management and plastic recycling. In Uganda, plastic waste poses a significant environmental challenge in the form of clogged drains and 80% of the waste pickers are women. In response, the report establishes a rationale to fund Women-led plastic and waste recycling economic projects to: provide an incentive for householders to exploit recyclable waste as a…

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Africa Investments 

Appointment announcement Country Manager, Designated for Mozambique Country Office Mr. Cesar Augusto Mba Abogo

The African Development Bank Group is pleased to announce the appointment of Mr. Cesar Augusto Mba Abogo as Country Manager, designated for Mozambique Country Office, effective 16 August 2021. Mr. Cesar Augusto Mba Abogo, a citizen of Equatorial Guinea, is an Economist and a writer with more than 15 years of experience in natural resource economics, development economics, public policy and international negotiations. From April 2019 to October 2020, he served as Minister of Finance, Economy and Planning for the Republic of Equatorial Guinea. He was appointed during challenging times…

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