Source: African Development Bank Group (AfDB) |

African Development Bank launches new initiative to build financial acumen of African cities

The Municipal CFO Initiative was announced during the 9th Africities Summit held recently in Kisumu, Kenya

The African Development Bank (www.AfDB.org) and United Cities and Local Governments, a global umbrella group for local and metropolitan governments, have announced the launch of a new program to build the capacity of municipal chief financial officers across the continent. The Municipal CFO Initiative was announced during the 9th Africities…

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    • Intermediate cities represent about 15% of the African population. But their growth is accelerating
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Source: African Development Bank Group (AfDB) |

Africities 2022 Summit: Backbone of the continent, intermediary cities absorb most of the urban population growth, according to a report co-led by the African Development Bank

By 2040, two-thirds of the people who move to urban areas will be moving to intermediary cities

On the occasion of the Africities 2022 Summit, taking place from May 17 to 21, in Kisumu (Kenya), the African Development Bank (www.AfDB.org) and Cities Alliance released on Wednesday in Nairobi (Kenya), a major report entitled "Dynamics of Secondary Cities in Africa: Urbanization, Migration and Development" which provides a comprehensive…

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

Malawi: the Mzuzu-Nkhata Bay road now among the country’s safest roads, thanks to African Development Bank support

Bank financing of USD$30 million went into widening the road

A five-year project to rehabilitate the Mzuzu-Nkhata Bay road with African Development Bank (https://www.AfDB.org/) financing has made the road one of Malawi’s safest, according to the project’s completion report. The project, began in 2013, wrapped up in 2018.  The road was formerly very narrow and poorly maintained, and it required…

Source: African Development Bank Group (AfDB) |

Africa Road Builders Babacar Ndiaye Trophy 2020: Egyptian president to receive Great Road Builder Award

Ivorian President Alassane Ouattara and African Development Bank President Akinwumi Adesina awarded special prizes

Egyptian president Abdel Fattah Al-Sisi was awarded the Babacar Ndiaye Great Road Builder Award it was announced Monday, a distinction for heads of state whose countries initiate outstanding projects or achievements in relation to the development of roads, transportation and mobility. Al Sisi was recognized for his “personal leadership” in…

Source: African Development Bank Group (AfDB) |

Launch of Fashionomics Africa Webinar Series

African Fashionpreneurs: Thriving in a (post-) COVID-19 World

What does the COVID-19 disruption mean for Africa’s Fashion Industry? Opportunities and Threats for Fashionpreneurs and Investors What: Launch of Fashionomics Africa Webinar Series Who: Gender, Women & Civil Society (AHGC) When: Tuesday, 2 June 2020: 10.00 am to 12.00 noon Where: Online The Gender, Women and Civil Society Department…

Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank approves $13.7 million to strengthen health system, boost anti-COVID-19 efforts

The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $13.7 million grant to finance the COVID-19 response in Zimbabwe. The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index in the wake of the…

Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank, SA Taxi sign $100 million loan agreement to boost industrialization, enhance transport sector

The loan agreement, which carries an eight-year tenor and includes a six-month grace period, was signed on Monday, 16 March

The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers. The…

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    • Trading thrives as new highway financed by the African Development Bank opens up northern Togo (1)
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Source: African Development Bank Group (AfDB) |

Trading thrives as new highway financed by the African Development Bank opens up northern Togo

The 120-metre Alemondji bridge was built as part of the renovation of the roads on the CU9 corridor linking Lomé, Cinkansé and Ouagadougou

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. "Just…

Source: African Development Bank Group (AfDB) |

“Our goal is to surpass developed countries,” African Development Bank VP tells fourth industrial revolution forum

The event attracted Ivorian and regional ministers as well as officials, senior Bank staff and private sector executives

Africa is not only ready for the fourth industrial revolution. It is set to outdo the achievements of the developed world. That was one of the messages that emerged at a seminar hosted by the African Development Bank (AfDB.org) at its headquarters in Abidjan. The event attracted Ivorian and regional…

Source: African Development Bank Group (AfDB) |

African Development Bank signs five-year agreement to use International Federation of Consulting Engineer (FIDIC) standard contracts

Under the terms of the agreement, FIDIC has granted the Bank a non-exclusive licence to refer to the seven major FIDIC contracts

The International Federation of Consulting Engineers (FIDIC) (FIDIC.org) has secured a major agreement with the African Development Bank (AfDB.org) that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted the Bank…