Sénégal : Le président Macky Sall inaugure la troisième usine de traitement d’eau potable à Keur Momar Sarr construite avec le soutien de la Banque africaine de développement | African Development Bank – Building today, a better Africa tomorrow <!– African Development Bank Group
Read MoreThe African Development Bank has reiterated its commitment to “closing the financing gap” for women and warned of the impact of gender inequality on food systems in Africa. Speaking in Rome during the pre-summit to the 2021 United Nations Food Systems Summit, the Bank’s Vice President for Agriculture, Human and Social Development, Dr. Beth Dunford, stressed that closing the gender gap in economic opportunities on the continent was critical for its future. “Closing gaps in economic opportunities is not only essential for women’s empowerment but for African economies, particularly for…
Read MoreThe recently released Hydromet Gap Report highlighted weaknesses in Africa’s weather and climate observation systems that contribute to a lack of climate data and inadequate early warning systems. The report calls for the establishment of ground and upper air stations for basic observation and satellite data coverage to strengthen forecast and early warning mechanisms for extreme weather events. Some advances have been made. As a result of African Development Bank support, Africa now has direct access to satellite data to produce forecasts and prediction models that are more responsive to natural…
Read MoreAround 1,600 people from all over Africa and Japan gathered over six days to explore closer business ties at the Third Japan-Africa Business Forum, which this year attracted the highest number of participants since its launch. The conference was organized by the Asia External Representation Office of the African Development Bank, in coordination with the African Diplomatic Corps in Tokyo, the Japan External Trade Organization, the Japan International Cooperation Agency, the United Nations Development Programme and United Nations Industrial Development Organization. It took place in a hybrid format between 29…
Read MoreThe African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a $2.75 billion 5-year Global Benchmark bond due 22 July 2026, its second of the year. With this latest issue, the African Development Bank continues to carry out its funding strategy of issuing large liquid benchmark transactions and adds another on-the-run reference in the 5-year maturity while extending the Bank’s outstanding USD curve. With the final order book closing in excess of $4.2 billion and 82 investors participating, the Bank set the size of the…
Read MoreGlobal credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management policies as ‘conservative’ and assesses them as ‘excellent’, in line with AAA-rated peers. “Concentration risk is ‘low’, with the bank’s five largest exposures accounting for 32% of total banking portfolio at end-2020.” Bajabulile “Swazi” Tshabalala, Vice President for Finance and Chief Finance Officer of the African Development Bank, said: “The affirmation of the Bank’s…
Read MoreThe African Development Bank’s Fashionomics Africa initiative and Google held a 2-hour virtual masterclass on using digital tools and social media for African fashion entrepreneurs. The online session, on 2 July, aimed to equip African fashion entrepreneurs with tools to plan and execute a digital marketing strategy; how to use social media and e-mail effectively; and creating a digital presence using Google digital tools. Building a brand and engaging with customers and potential customers is one of the key challenges faced by African entrepreneurs, particularly the youth and women. “We…
Read MoreThe 2021 African Economic Conference (AEC), jointly organized by the United Nations Development Programme (UNDP), the African Development Bank (AfDB), and the Economic Commission for Africa (ECA) will be held in Cabo Verde, as well as virtually, from 2 to 4 December 2021. Since its inception in 2006, the AEC series has fostered dialogue and the exchange of knowledge on a variety of issues and challenges facing Africa. The theme of this year’s conference is: Financing Africa’s post Covid-19 Development. Three sub-themes are particularly considered: 1. Domestic public and private resource mobilization in the…
Read MoreThe Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar, India External Affairs Minister said the two sides must reinforce collaboration in public health, digital delivery, capacity building, and the green economy – “our goals must be to use these new tools and practices for better delivery on the ground.” “India…
Read MoreLe Conseil d’administration du Groupe de la Banque africaine de développement a approuvé, le 14 juillet à Abidjan, un financement de 60 millions d’euros en faveur de la Tunisie pour la mise en œuvre du Programme d’appui à la relance économique et à l’inclusion sociale. Cette opération a pour principal objectif de soutenir la dynamique de relance économique par l’amélioration du climat de l’investissement, la préservation de l’emploi et la promotion de l’inclusion sociale à travers de nouveaux mécanismes de réponse aux défis sociaux, exacerbés par la pandémie de Covid-19.…
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