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African Development Bank Group (AfDB)

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    • AfDB is providing a $30 million loan that is expected to fund manufacturing enterprises in the SADC region like this cloth factory in Lesotho
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Source: African Development Bank Group (AfDB) |

Botswana: Private sector development in Southern Africa region gets boost with approval of $30 million loan to Norsad Capital from African Development Bank Group

The project is aligned with a number of African Development Bank priorities, including its High-5 strategic priorities

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $30 million loan to Norsad Capital Limited (https://NorsadCapital.com) financing for businesses and to promote private sector development in the Southern Africa Development Community region. Norsad will channel a portion of the funding to enterprises operating in transition states…

African Development Bank Group (AfDB)

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    • The new roads will speed up freight movements and improve traffic safety to and from the port of Kribi, which came into operation on 2 March 2018
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Source: African Development Bank Group (AfDB) |

Cameroon: African Development Bank Board Approves €39.6 Million Loan to Improve Access to Kribi Industrial and Port Area

The Cameroonian Government built a deep-water port backing onto an industrial zone called ‘Kribi Industrial and Port Complex’ to address congestion in the port of Douala

On Wednesday, 22 June, the Board of Directors of the African Development Bank (www.AfDB.org) approved a €39.62 million loan to Cameroon to improve road access to the industrial and port areas of Kribi, in the south of the country. Designed for implementation of the second phase of the Kribi Industrial and…

African Development Bank Group (AfDB)

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    • Female technician repairing a mobile phone in Tanzania; Africa is seen as having strong incentive to play a lead role in driving a circular economy model
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Source: African Development Bank Group (AfDB) |

Rwanda to host 2022 World Circular Economy Forum in December, a first for Africa

Rwanda is a founding member of the African Circular Economy Alliance and serves as co-chair

The World Circular Economy Forum (https://bit.ly/3ydYwtk) will, for the first time, take place on African soil in 2022, bringing together participants from around the world to absorb lessons from the continent and the wider global south toward building a more resilient and greener global economy. The Forum will be held…

African Development Bank Group (AfDB)

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    • Solomon Quaynor, African Development Bank Vice President (left), Alain Ebobissé, Africa50 CEO and Ithamar Capital CEO Obaid Amrane signing a letter of intent
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Source: African Development Bank Group (AfDB) |

Africa50, African Development Bank and the Newly Launched African Sovereign Investors Forum Signal Strong Desire to Jointly Mobilize Capital for Infrastructure Projects

The three entities will work together to galvanize financing and to drive the development of skills and expertise within the infrastructure sector

The African Development Bank (www.AfDB.org), Africa50, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on developing green and climate resilient infrastructure projects across Africa. The three entities will work together to galvanize financing and to drive the development of skills and expertise within the…

African Development Bank Group (AfDB)

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    • Egyptian President Abdelfattah El-Sisi addresses the Aswan Forum, which opened in Cairo on Tuesday 21 June
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Source: African Development Bank Group (AfDB) |

‘We Need Action — Now.’ Aswan Forum in Cairo Opens with Urgent Call to Action, Eyes on ‘African COP’

United Nations Secretary General António Guterres reminded the audience of the wide range of problems confronting Africa

The third Aswan Forum for Sustainable Peace and Development ended on Wednesday, with calls to tackle the multiple crises, new and old, facing the African continent. Egyptian President Abdelfattah El-Sisi launched the proceedings on Tuesday, with a call for a united response to the continent’s ills. He reminded the audience…

African Development Bank Group (AfDB)

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    • In 2021, Africa Notches Strong Progress in Building Tax Transparency, tackling Illicit Financial Flows
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Source: African Development Bank Group (AfDB) |

In 2021, Africa Notches Strong Progress in Building Tax Transparency, tackling Illicit Financial Flows

The African Development Bank promotes African tax transparency through support to institutions and non-state actors in its regional member countries

African countries’ requests for information for tax collection purposes rose 26% over the previous year, signaling continued progress toward tax transparency in spite of a challenging environment, according to a report by The Africa Initiative (https://bit.ly/3NdREQN), launched on Tuesday in Nairobi. The Tax Transparency in Africa 2022 report (https://bit.ly/39DfjN9), which…

African Development Bank Group (AfDB)

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    • African Development Bank Appoints Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex
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Source: African Development Bank Group (AfDB) |

African Development Bank Appoints Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex

Mizrahi is a seasoned senior executive with more than 25 years of experience in delivering strategic leadership on development and development policies

The African Development Bank (www.AfDB.org)  has appointed Mr. Simon Mizrahi as Acting Vice President, Technology and Corporate Services Complex, effective 20 June 2022. Mizrahi, a British national, is currently the Director for Delivery, Performance Management and Results at the African Development Bank Group and Acting Director for the Operations Committee…

African Development Bank Group (AfDB)

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    • Jacques Edjangue, Acting Vice President of the People and Talent Management Complex, African Development Bank
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Source: African Development Bank Group (AfDB) |

African Development Bank Names Jacques Edjangue as Acting Vice President, People and Talent Management Complex

A thought leader, Jacques has broad and diverse experience within the African Development Bank

The African Development Bank (www.AfDB.org) is pleased to announce the appointment of Mr. Jacques Edjangue as Acting Vice President, People and Talent Management Complex, effective 20th June 2022. Edjangue, a Cameroonian national, is currently Acting Director of the Human Resources Management Department, and also Director of the Language Services Department.…

African Development Bank Group (AfDB)

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    • The 2022 William G. Demas Memorial Lecture
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    • From left to right: African Development Bank President Dr. Akinwumi Adesina and Caribbean Development Bank President Dr. Hyginus ‘Gene’ Leon
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Source: African Development Bank Group (AfDB) |

Africa and the Caribbean to Strengthen Cooperation Through their Regional Development Banks

Adesina and his Caribbean Development Bank counterpart, Dr. Hyginus ‘Gene’ Leon, announced it was an opportune time for the two regions to deepen development and economic ties

Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the African Development Bank (www.AfDB.org) and the Caribbean Development Bank—came together to advance their collaboration with one another. On Tuesday, African Development Bank Group President Dr. Akinwumi Adesina delivered the prestigious…

African Development Bank Group (AfDB)

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    • Ahmed Attout, Manager for Capital Markets Development at the African Development Bank (left), Adama Coulibaly, Ivorian Minister of Economy and Finance, and Karim Diarassouba, CEO of the reinsurance company CICA-RE. The African Development Bank signed an investment agreement of roughly €10 million with CICA-RE
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Source: African Development Bank Group (AfDB) |

African Development Bank to invest €10 million in reinsurance firm Conférence Interafricaine des Marchés d'Assurances (CICA-RE)

CICA-Re is the third regional reinsurance company in which the Bank has made an investment

The African Development Bank (www.AfDB.org) has signed an agreement to invest in the Joint Reinsurance Company of Member States of Conférence Interafricaine des Marchés d'Assurances (CICA-Re). Under the agreement, the African Development Bank will take a 6.56-billion FCFA stake (approximately €10 million) in CICA-Re and join its board of directors. Karim Diarassouba,…