Tag: African Development Bank

African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans. Zambian President Hakainde Hichilema said the study, conducted by the African Development Bank Group, provided an impetus for the continent’s leaders to forge ahead with needed reforms. His remarks were read on his… Read More

The African Development Bank Group and the Islamic Development Bank have signed a joint partnership action plan for the development of the pharmaceutical industry sector within their African member countries. The plan offers a new framework for strengthened cooperation and mutual development priorities, with a strong emphasis on boosting the continent’s health defense systems.   The aide-memoire was signed on Thursday,… Read More

Implemented in Angola between 2019 and 2022, the Angola Renewable Energy Program (AREP) has helped to establish a viable and sustainable procurement framework that stimulates investments by Independent Power Producers (IPPs) in the Angolan renewable energy sector, particularly in solar energy and hydropower. By the end of 2021, Angola had made progress by increasing the national electrification rate (from 33%… Read More

Mauritius has made critical strides in its public procurement system, but additional reforms are needed, according to an assessment report the African Development Bank released to the government on Tuesday. African Development Bank Director of Fiduciary Services and Inspection, Frank Mvula, said that following presentation of the report, the next step  should be the development of a detailed action plan… Read More

The African Development Bank has provided over 50% of financing secured by infrastructure projects under the Programme for Infrastructure Development in Africa (PIDA), making it the lead financier of this strategic pan-African initiative. Over 17 flagship infrastructure projects were showcased at the Dakar Financing Summit 2 (DFS2) which concluded on 3 February in the Senegalese capital. Under PIDA, the bank… Read More

The AfricaGoGreen Fund (AGGF) has made headlines today with the announcement of its successful second fundraising close, securing $47 million in combined investments from top financial organizations, including the International Finance Corporation (IFC), the African Development Bank (AfDB), the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA). The funding will allow AGGF to broaden its financing… Read More

What?    Seminar on business opportunities for private sector development and financing in Côte d’Ivoire Who?  African Development Bank and the Government of Côte d’Ivoire When?  Thursday 23 February 2023, from 9:00 am to 6:00 pm Where?  Azalaï Hotel in Abidjan (by invitation only) The African Development Bank Group and the government of Cote d’Ivoire will hold a seminar on… Read More

What: High-Level Event on Key Actions to Drive Inclusive Growth and Sustainable Development in Africa When: 17 February 2023 | 10.30 AM EAT. Where: African Union Commission, Medium Conference Hall, and online Who: African leaders, including: H.E. Hakainde Hichilema, President of the Republic of Zambia H.E. Moussa Faki Mahamat, Chairperson, African Union Commission H.E. Amb. Albert Muchanga, African Union Commissioner,… Read More

In Madagascar, the South-West Region Agricultural Infrastructure Rehabilitation Project, funded by the African Development Bank Group, has provided a new boost to agriculture, resulting in enhanced farmers’ incomes, according to the project completion report published on 11 January 2023. The project recorded significant achievements: increased production, rehabilitated lowlands, strengthened value chains, and others. The African Development Fund, the concessional lending window… Read More

La prise de participation au fonds TIDE Africa permettra d’appuyer la chaîne de valeur du financement par capital-risque, en particulier les startups en phase de pré-amorçage et d’amorçage Financement Date d’approbation : 25 janvier 2023 Nom du projet : Fonds Tide Africa II de TLCOM Montant : Prise de participation de 10,5 millions de dollars américains de la Banque africaine de développement Objectifs… Read More