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The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on January 15, 2020, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) for projects in Kenya, Sudan and Senegal.

The agreement covers operations cumulatively valued at $37.2 million and includes a corporate loan to support an East African agribusiness firm’s domestic and regional expansion, and two lines of credit targeting SME borrowers.

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Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans.

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La directrice du Département d’appui aux opérations non-souveraines et au secteur privé de la Banque africaine de développement fait le point sur la politique en direction du secteur privé et parle du secteur dit informel.

 

Comment la Banque pourrait-elle accompagner les organisations mal structurées ?

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The African Development Bank on Wednesday signed a €6.18 million grant in budgetary support to the Democratic Republic of São Tomé and Principe.

The agreement was signed at the Bank’s headquarters in Abidjan, Côte d'Ivoire, by Osvaldo Vaz, Minister of Planning, Finance and the Blue Economy of São Tomé and Principe and by Khaled Sherif, Vice President for regional development, integration and service delivery.

The Bank approved the budgetary support to São Tomé and Principe on 8 January 2020 under its programme to support economic reform and the energy sector.

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What: The 3rd Rural Water Supply and Sanitation Initiative Forum
When: 24 to 26 March 2020
Where: Kigali, Rwanda

 

The Water Development and Sanitation Department of the African Development Bank cordially invites you to the 3rd Rural Water Supply and Sanitation Initiative Forum, hosted by the Government of Rwanda from 24 to 26 March 2020.

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""New opportunities for bi-lateral trade and increasing UK investor appetite in Africa will be the main focus of the UK-Africa summit, convened by Prime Minister Boris Johnson, on January 20th.

African Development Bank President Akinwumi Adesina is expected in London for the milestone investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’

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Posted On January 27, 2020By AdminIn _news-en

NSO Policy Interviews – Victoria Chisala

5 Questions to Victoria Chisala, Acting Director of the Policy and Strategy Department’s on the African Development Bank’s Non-Sovereign Operations policy.*

 

  • What is the objective of the Non-Sovereign Operations policy?

The objective of the NSO policy dissemination is to expand the Bank’s engagement with the private sector to increase synergies between us. It is also an opportunity to provide information about the type of projects we finance or invest in as the African Development Bank.

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UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel.

At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership  between  the UK and Africa.

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Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said.

The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa Trade and Brexit. 

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The Africa Climate Change Fund (ACCF) recently approved seven new project proposals amounting to around $4.7 million.

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