The African Development Bank on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a presence, including its headquarters in Abidjan. The measures include telecommuting, video conferencing in lieu of physical meetings, the suspension of visits to Bank buildings, and the cancelation of all travel, meetings, and conferences, until further notice.
The African Development Bank has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector. The package will help Seychelles develop its marine biotechnology sector, strengthen the capacity of public institutions and private operators, create a knowledge platform on emerging business opportunities, and provide technical and financial training to MSMEs.
African Development Bank renews risk participation agreement for trade finance with Sumitomo subsidiary
The Board of Directors of the African Development Bank on Wednesday approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking Corporation Europe (SMBCE) and the African Development Bank.
Côte d’Ivoire : une nouvelle génération formée à la pisciculture à Man, avec le soutien de la Banque africaine de développement
Une formation technique sur la pratique de la pisciculture a été dispensée à 35 jeunes ivoiriens du 12 au 14 mars derniers à Man, dans l’ouest de la Côte d’Ivoire, avec le soutien financier de la Banque africaine de développement. Cette formation s’est déroulée dans le cadre de la mise en œuvre de la composante Appui à l’autonomisation des femmes et des jeunes du Projet de renforcement des réseaux de transport et de distribution de l’électricité (PRETD) du District des Montagnes.
La Banque africaine de développement accorde une facilité de financement de 15 millions d’euros pour soutenir le logement social dans l’espace UEMOA
le Groupe de la Banque africaine de développement a accordé une facilité de financement de 15 millions d’euros à la Caisse régionale de refinancement hypothécaire de l’UEMOA (CRRH). Ce montant comprend un prêt de 10 millions d’euros sur ressources de la Banque et un prêt de 5 millions d’euros sur ressources de l’Africa Growing Together Fund (AGTF : Fonds de cofinancement mis en place par la Banque africaine de développement et la Banque Populaire de Chine).
As the early morning sun lights the roofs of Damietta, the Egyptian city’s streets begin to come alive. Children are off to school, motorbikes fill the avenues, and shop doors begin opening to welcome their first customers. It is early in the morning, but the excitement can already be felt in the “Masoud Elkholy Furniture” workshop. Forty people work in the 3,000m2 building, starting up machinery to create wooden furniture. Along with his two brothers, Elsaied Elkholy runs Masoud Elkholy Furniture, the brand founded by his father.
The theme of this year’s World Water Day, observed on 22 March, is water and climate change. The issue has taken on greater urgency, given the global spread of coronavirus, also known as COVID-19, responsible for over 13,000 deaths worldwide to date. Hand washing with soap and water is the first line of protection against coronavirus. Scientists say soap renders coronavirus cells inactive and weakens the virus’ bonds to the skin.
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union, marking the end of sanctions and the resumption of full re-engagement between the Bank Group and the East African nation. The long road to resolution of Somalia’s debt arrears began in 2014 and included the completion of three Staff Monitored Programs of the International Monetary Fund, and significant advances on a fourth program.
Ethiopia: African Development Bank-funded water project spurs youth entrepreneurship, transforms “one life at a time.”
In a single day last July, Ethiopians turned out in huge numbers to plant more than 350 million trees in what was thought to be the largest tree-planting event in history. It was part of an ambitious national reforestation program to plant 4 billion trees across 1.5 million hectares nationwide over three months. Ethiopia’s “Green Legacy” tree planting blitz gave 19-year old Mamu Alemu an idea: to start a tree nursery on land next to his family’s home. An African Development Bank-funded water scheme in his town of Tefki gave him the opportunity to become an entrepreneur.