Tag «Africa»

Governments must move to harness game-changing potential of drones in Africa in order to bolster security and millions of jobs

Brussels, Belgium, 5 June, 2018: Drones can save lives, provide hi-tech rural jobs, and ensure developing countries take a major step forward towards self-sufficiency in food production – but only if governments come up with enabling national regulations governing their use. That is the joint message from agriculture specialists CTA and agricultural drone pioneers Parrot-Airinov. …

Three leading development finance institutions sign loan agreement to support capital markets and high impact sectors in Africa

US Overseas Private Investment Corporation (OPIC), the African Development Bank, and KfW support to African Local Currency Bond (ALCB) Fund to focus on housing, microlending, and agriculture projects Frankfurt, Germany, April 13, 2018 – Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members have signed a loan agreement to support high …

African Development Bank and the International Solar Alliance team up to drive solar development in Africa

New Delhi, India, March 16, 2018 – The African Development Bank’s Vice-President for Power, Energy, Climate and Green Growth, Amadou Hott, took part in the Founding Conference of the International Solar Alliance (ISA) in New Delhi co-chaired by Prime Minister Narendra Modi of India and President Emmanuel Macron of France. About 50 countries were represented …

Industrialize Africa: Strategies, policies, institutions and financing

Abidjan, Côte d’Ivoire, November 20, 2017 – A new report released Friday by the African Development Bank (AfDB) calls for the industrialization of the continent with a focus on smart industrial policy, structural transformations and a move towards processing the continent’s raw materials into value added products. The report, entitled “Industrialize Africa: Strategies, Policies, Institutions …

AfDB approves US$200 million to IDC to support industrialisation projects in Africa.

Abidjan, Côte d’Ivoire 29 September 2017 – The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and   1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South …

AfDB joins international community in supporting sustainable tourism development in Africa

Abidjan, Côte d’Ivoire, September 27, 2017 – This World Tourism Day, September 27, 2017, the African Development Bank has called for collaborative actions from all stakeholders for sustainable tourism development in Africa. The Bank recognizes that Africa’s tourism and travel industry can serve as an engine of progress for socioeconomic transformation. The United Nations’ World …

NEPAD Infrastructure Project Preparation Facility proposes regional information hub to stimulate investment in Africa

Abidjan, Côte d’Ivoire, 24 July 2017 – The NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) has advocated the establishment of a regional information hub to advertise bankable projects in Africa. NEPAD-IPPF proposes that each country should have a window linked to the centralized hub as part of an overall objective to unlock bankable investment opportunities in …