Tag «African Development Bank»

African Development Bank Convenes Africa Energy Market Place

Forum discusses accelerated reforms, greater private sector involvement, and creation of new pipeline of investment-ready projects Abidjan, Côte d’Ivoire, 5 July 2018: Public, private and civil society stakeholders, including government agencies, development partners and investors in the energy sector began a two-day workshop today to discuss the technical, commercial, regulatory and financial issues in Africa’s …

African Development Bank launches first Electricity Regulatory Index for Africa

Stronger regulatory independence required to accelerate investment in energy and power assets in Africa, says new report     Le Morne, Mauritius, 20 June, 2018 – Though the majority of African countries have developed relatively robust institutional frameworks for the regulation of their electricity sectors, much work remains in strengthening regulatory independence, says the Electricity Regulatory …

African Development Bank Annual Meetings 2018

Young Laureates of “The Africa of my Dreams” essay contest light up  Africa Day Busan, Korea, Monday 28 May 2018 – On Friday 25 May 2018, on the last day of the  Annual Meetings which were held this year in Busan, Korea, the African Development Bank celebrated Africa Day, which every year commemorates the founding conference …

African Development Bank takes landmark lead on formation of Africa Financial Alliance for Climate Change

Busan, Korea, May 25, 2018 – Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges. Of the 10 countries in the world that are most threatened by climate change, seven are in Africa. Cognizant of this situation, the African Development Bank led the way to what may turn …

Climate and disaster risk financing get fresh boost from African Development Bank

“We talk about integrating Africa. We cannot integrate countries that are fragile, we can only integrate countries that are secured.”– Akinwumi Adesina, President, African Development Bank Busan, Korea, May 23, 2018 –  The President of African Development Bank, Akinwumi A. Adesina, and the Bank’s Board of Governors held a high-level session on “Climate and Disaster …

African Development Bank and UNIDO join forces to accelerate Africa’s industrialization

Busan, Korea, May 21, 2018 – The African Development Bank (AfDB) and the United Nations Industrial Development Organization (UNIDO) signed a Memorandum of Understanding (MoU) on Monday, May 21 to step up collaboration to boost Africa’s industrialization. “The Bank launched in 2016 its Industrialization Strategy for Africa 2016-2025, which was the outcome of collaborative work …

African Development Bank approves a US $50-million Risk Participation Agreement for Commerzbank AG to address Africa’s trade finance market demand

Abidjan, Côte d’Ivoire, April 5, 2018 – On Tuesday, March 27, 2018, the Board of Directors of the African Development Bank approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation will leverage Commerzbank support to African issuing banks seeking to expand their trade finance operations. The facility will help …