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African Development Bank Group (AfDB)

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    • Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes
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Source: African Development Bank Group (AfDB) |

Global Forum Secretariat, African Development Bank and World Bank Group deliver new manual on Exchange of Information for tax purposes

Exchange of information (EOI) is an essential tool for tax authorities worldwide to ensure that all taxpayers pay the correct amount of tax

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), the World Bank Group and the African Development Bank (www.AfDB.org) have jointly published a new version of the Manual on Exchange of Information (https://bit.ly/3CovIgS), in order to support tax authorities. Exchange of information (EOI) is an…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa, Latin America and the Caribbean join forces to drive circularity

Dialogue was held among entrepreneurs, academics, and champions on the need to scale up the transition towards circular economies

The African Circular Economy Alliance (ACEA) (www.ACEAafrica.org), and the Circular Economy Coalition of Latin America and the Caribbean (CEC LAC) (https://bit.ly/3hHaxPw) have organized the first regional dialogue to strengthen cooperation around their common objectives. The event, titled “Regional deep-dive: Africa, Latin America & the Caribbean joining forces for circularity,” took…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA grant to support first Super Energy Service Company (ESCO) in East Africa

The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/39fnc7x) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Investment Forum to host third Market Days in Abidjan, December 1-3, 2021

Invited participants to this third edition, including investors, project sponsors and decision-makers, will be presented with a pipeline of deals that are ready for investment

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021. The annual business gathering will showcase transformative investment opportunities across the African continent, many of which hold the potential to drive Africa’s recovery from the Covid-19 pandemic. Invited participants to…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank’s SEFA provides $1 million to kick off modernization of Africa’s Hydropower Fleet

The modernization of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental impact

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/3tZp0eB) has approved a $1 million grant for modernization of Africa’s aging hydropower fleet. The grant will fund the mapping and evaluation of African hydropower facilities’ rehabilitation needs. It will also support the preparation of modernization works for two pilot facilities to a…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank approves a $50 million Multinational Trade Finance Risk Participation Agreement facility for Standard Chartered Bank

The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of…

African Development Bank Group (AfDB)

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    • Nigeria: African Development Bank President conferred with Leadership Person of the Year Award 2020 - Leadership Newspaper Group
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank President conferred with Leadership Person of the Year Award 2020 - Leadership Newspaper Group

The award was given “in recognition of his impeccable public service record and extra-ordinary accomplishments in driving the growth and development of the African Development Bank Group”

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, has received the Leadership Person of the Year award from the Leadership Newspaper Group in Nigeria. The award was given “in recognition of his impeccable public service record and extra-ordinary accomplishments in driving the growth and development…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Botswana: African Development Bank approves $137 million loan for post-pandemic economic recovery

The funds will be used to enact multi-sector reforms that will increase spending efficiency, create jobs and drive inclusive growth

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $137 million loan to support Botswana’s economic recovery from the Covid-19 pandemic. The funds, extended under the Bank Group’s Botswana Economic Recovery Support Program, will be used to enact multi-sector reforms that will increase spending efficiency,…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egypt-International Cooperation Forum (ICF) high-level conference: African Development Bank joins calls for stronger development partnerships to spur Covid-19 recovery efforts

Participants also urged greater cooperation with the private sector in the short term to secure more rapid vaccine access for Africans

The African Development Bank (www.AfDB.org) Wednesday joined leaders of government and international organizations in calling for stronger partnerships to support Africa’s recovery from the Covid-19 pandemic at the first Egypt-International Cooperation Forum. Participants also urged greater cooperation with the private sector in the short term to secure more rapid vaccine…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

After years of witnessing fights over water, a family’s life is transformed in a refugee camp in Zimbabwe

New high-capacity boles and an irrigation system were installed with funding from the African Development Bank

For years, Josephine Mbayo watched as fights broke out in her community over water. “There was only one hand pump for all the sections that everyone queued at to get water from as early as 4am,” says the 48-year-old refugee from the Democratic Republic of Congo, who lives in the…