By Guido Talarico The men who make history often do not have an easy life. Alpha Condé, the current President
The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya.
The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan.
The total project cost is €257.68 million, of which €178.02 million (69%) will be financed by the Bank Group, while 12% will come from the Africa Growing Together Fund, set up by the Bank and the People’s Bank of China in 2014. The remaining 19% will be financed by the Kenyan government.
Leaders from all over the world met in New York recently to discuss efforts to tackle climate change.
The President of the African Development Bank Group, Dr. Akinwumi Adesina, attended the Climate Action Summit and pledged to double funding commitments to $25 billion from 2020 to 2025 to help African countries address the challenges of climate change. Most of this funding will go towards adaptation.
Dr Anthony Nyong, Director of the Bank’s Climate Change and Green Growth Department, answers three questions on the topic, as the summit wraps up.
“The urban opportunities far outweigh the challenges,” said Prof. Davis G. Mwamfupe, the Mayor of Dodoma, Tanzania, during his message to the Cities Leadership workshop, launching the City Diagnostics for five pilot cities in Africa, held on the 25th and 26th September 2019 in Abidjan.
Five cities were chosen for the pilot phase of the Cities Diagnostics for 2019 -2020: Antananarivo (Madagascar), Bizerte (Tunisia), Conakry (Republic of Guinea), Dodoma (Tanzania) and Libreville (Gabon) and were represented by their respective authorities.
What: 2019 Africa Investment Forum
Who: African Development Bank, Partners
When: 11-13 November 2019
Where: Sandton Convention Centre, Johannesburg, South Africa
The second edition of the Africa Investment Forum, a game-changer to tilt capital flow into the continent, will take place from 11-13 November 2019 at the Sandton Convention Centre in Johannesburg, South Africa.
The African Development Bank Group has approved a $13.2 million financing package from the African Development Fund for a fisheries and aquaculture development project in Malawi. The Sustainable Fisheries, Aquaculture Development, and Watershed Management project will provide infrastructure for increased fisheries productivity and market access. Board approval for the project was granted on 2 October 2019. The project is expected to contribute to nutritious diets, boost employment along the fish value chain, and build climate resilience along major watersheds.