Source: African Development Bank Group (AfDB) |

Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges United Kingdom (UK) investors

The Bank’s chief argued that Africa and the UK should be significant trading partners

Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank (https://www.AfDB.org/) 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…

Source: African Development Bank Group (AfDB) |

Keynote Speech delivered by Dr. Akinwumi A. Adesina at the UK-Africa Investment Summit, “Sustainable Infrastructure Forum”

The Department for International Development (DFID) is a key strategic partner of the African Development Bank

By Dr. Akinwumi A. Adesina Good morning everyone! It’s a pleasure to join you at this special side event organized as part of the UK-Africa Investment Summit. Let me congratulate the organizers, the Department for International Development (DFID) and Her Majesty’s Trade Commissioner for Africa for hosting us today. The…

Source: African Development Bank Group (AfDB) |

Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation

The project meets the Sudanese government’s renewable energy and poverty reduction objectives as well as the Bank’s High Five and Energy Sector Policy

The African Development Bank’s Board of Directors (AfDB.org) has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic…

Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank board approves €109 million to transform sewage coverage in Upper Egypt rural areas

The initiative is in line with the Bank’s water sector policy, which promotes efficient, equitable and sustainable development through integrated water resources management

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a €109 million facility for the development of sewage disposal and wastewater treatment plants for rural areas in Luxor Governorate in Egypt’s Upper Nile region. The Integrated Rural Sanitation in Upper Egypt – Luxor (IRSUE-Luxor) project is set…

Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank approves $124.2 million loan for water sector reforms in Akure to improve access to safe drinking water and sanitation

The project is set to address bottlenecks in critical water supply services to households in the densely populated project area

The Board of Directors of the African Development Bank (www.AfDB.org) on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million. The overall project…

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

Zambia: African Development Bank and partners improving sanitation for Lusaka’s low-income suburbs

The project is being executed under the Lusaka Sanitation Master Plan which aims to provide citywide sanitation services by 2035

“Sometimes, it looks to me like surgery in the belly of an ancient beast,” says Herbert Chinokoro, senior water and sanitation engineer at the African Development Bank’s Country Office in Lusaka, Zambia. He is describing the scene along the streets of the capital, Lusaka, where earthmovers and excavators were digging…

Source: African Development Bank Group (AfDB) |

“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference

According to Adamon Mukasa, senior researcher at the African Development Bank, under-skilled youth represented 28.9% of Africa’s population

The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth,  focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank (AfDB.org) in partnership with the United…

Source: African Development Bank Group (AfDB) |

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

The Bank’s support to the energy sector has more than doubled over the past three years to the current level of 410.66 million euros

The African Development Bank (AfDB.org), Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network. The substation is part of the NELSAP Regional Interconnection Project involving…

Source: African Development Bank Group (AfDB) |

African Development Fund (ADF-15) replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

The Fund comprises 32 contributing states and benefits 37 countries

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the…

Source: African Development Bank Group (AfDB) |

Africa Climate Change Fund Grants Nearly $1 Million to Support Access to Climate Finance in Benin and Lesotho

The project proposal, approved in September, has been designed with the goal to improve the climate resilience of communities and local economies by increasing investments in climate change adaptation in target areas

The Africa Climate Change Fund (ACCF) (http://bit.ly/34JgdzF) has approved a project proposal for a total of $997, 524 to support Benin and Lesotho to access international climate finance, an initiative underpinned by evidence that adaptation to climate change must start locally. While local responses can create opportunities for innovative solutions, most…