Tag: African Development Bank

The African Development Bank Group has provided new funding for two ongoing major projects in Cameroon: the Develop Access Roads to the Industrial and Port Area of Kribi Project (PARZIK) and the Yaoundé City Sustainable Enhanced Drainage and Sanitation Project (PCADY). The African Development Bank’s Director General for Central Africa, Serge N’Guessan, and Alamine Ousman Mey, Cameroon’s Minister of the… Read More

The recently concluded Eighth Tokyo International Conference on African Development (TICAD8) culminated in the announcement of Japan’s $4 billion Green Growth Initiative with Africa, and $70 million Investment Fund for Startups. Against the backdrop of these significant private sector partnerships, the African Development Bank and the United Nations Development Programme (UNDP) organized the Africa Continental Investor Convening as a side… Read More

UN Secretary-General António Guterres has urged governments across the world to quickly invest in quality job creation the and the provision of social protection for those without coverage. Guterres was speaking at a high-level session to discuss the Global Accelerator on Jobs and Social Protection for Just Transitions initiative during the UN General Assembly meetings in New York. He told… Read More

Le Conseil d’administration du Fonds africain de développement, le guichet concessionnel du Groupe de la Banque africaine de développement a accordé le 22 septembre, à Abidjan, un don de 8,8 millions d’euros au Tchad. Le but est de permettre au pays sahélien, producteur de pétrole de réduire sa fragilité, notamment économique qui a été accentuée par les effets de la… Read More

What:  Launch of The Entrepreneurship in Egypt: an overview of the ecosystem report, sponsored by the Swiss Economic Cooperation Office and the Innovation & Entrepreneurship Lab of the African Development Bank. Who:   The Innovation and Entrepreneurship Lab of the African Development Bank and the Swiss Economic Cooperation Office When: 4 October 2022; 12.00 -13:15 Egypt Local Time (10.00am – 11:15… Read More

Representatives of 11 African cities have begun a visit to two Scandinavian cities to learn about people-centred solutions to urban planning and development under a trip sponsored by the Urban and Municipal Development Fund. The Fund is hosted by the African Development Bank. The 4-day trip to Copenhagen and Malmö, Sweden includes officials from Marrakech, Morocco;  Bizerte and Tunis in… Read More

African leaders and governments in Europe, Asia and the Americas on Tuesday vowed to act “with urgency, at scale and in concert” in responding to the current food insecurity and nutrition crisis unfolding around the world. The leaders, representing the African Union, European Union, United States, Spain, Colombia, Germany, Indonesia, and Nigeria, issued a joint declaration at the Global Food… Read More

By Eric Martin, September 22, 2022 Original story :https://www.bloomberg.com/news/articles/2022-09-22/japan-uk-keen-to-channel-imf-support-through-top-african-lender Japan, France and the UK are among five wealthy nations that have shown interest in channeling their rights to International Monetary Fund reserve assets to Africa’s top development lender, which would boost the bank’s ability to support poorer countries. “We’re getting positive signals about their willingness to consider giving it to us,” African… Read More

Nigeria’s President Muhammadu Buhari and African Development Bank Group President Akinwumi Adesina urged on Thursday global businesses and leaders to boldly invest in Nigeria. The two leaders and several others from the private, public, investment, and donor community, spoke at this year’s Nigeria International Economic Partnership Forum in New York, the two leaders reassured participants that despite challenges, the country… Read More

By Eric Martin and Antony Sguazzin, Bloomberg, September 23, 2022 Original story : https://www.bloomberg.com/news/articles/2022-09-23/afdb-offers-south-africa-a-financing-deal-to-raise-41-billion The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest nations to raise even more funds. The AfDB has recommended that South Africa Park the funds in… Read More