The government of Cabo Verde has launched a project to propel the development of vibrant capital markets in the country. The Bank approved a $350,000 grant from its Capital Markets Development Trust Fund in October 2021 to help develop the country’s first-ever Capital Markets Masterplan. The funds will also facilitate …
Read More »West African Monetary Union: African Development Bank Group extends $400,000 grant for development of regional financial markets infrastructure
The African Development Bank Group has approved $400,000 in grant funding for technical assistance to support automation of securities issuance by the West African Economic and Monetary Union’s Regional Financial Market. The grant will be sourced from the multi-donor Capital Markets Development Trust Fund, which is administered by the African …
Read More »The African Union Commission, AUDA-NEPAD and OCP Group Deepen Collaboration to Develop Agriculture in Africa
The African Union Commission, together with the African Union’s Development Agency, AUDA-NEPAD, and OCP Group, a leading global producer of fertilizers, are pleased to strengthen their partnership to support the development of the African Agricultural Sector through the signature of a comprehensive Memorandum of Understanding (MoU). The MoU was signed …
Read More »Japan and Austria to support private sector climate change investments on the continent
The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the …
Read More »ADB approves strategy for Central Africa
The Board of the African Development Bank has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the …
Read More »African Development Bank President makes strong case for increased U.S. investment in Africa
Akinwumi Adesina, the President of the African Development Bank said that it is time to turn around the declining investments of the U.S. IN Africa. “As the world’s private sector leader, the United States has a unique role to play in increasing investments in Africa and expanding opportunities for the U.S. private sector”. Adesina who …
Read More »South Korea ready to partner with Africa on technology
In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa, representatives of Busan Metropolitan City, Busan Techno Park, and Korea’s Green Technology Center said there …
Read More »ADB /ECOWAS, sign the agreement for the study on Abidjan-Lagos Corridor Highway
The African Development Bank and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for a study into a 1,000-kilometer highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos in Nigeria, marking a new step in building regional integration and trade. The proposed Abidjan-Lagos Corridor Highway, …
Read More »Tunisia Trains first set of Drone pilots for agricultural productivity
Eight pilots have successfully passed their drone flight training in Tunisia following a two-week intensive training period organized by the Ministry of Agriculture of Tunisia, the African Development Bank and Busan Techno Park. The training which focused on handling, maintenance and the security aspects of flying drones, took place in …
Read More »Tunisia Trains first set of Drone pilots for agricultural productivity
Eight pilots have successfully passed their drone flight training in Tunisia following a two-week intensive training period organized by the Ministry of Agriculture of Tunisia, the African Development Bank and Busan Techno Park. The training which focused on handling, maintenance and the security aspects of flying drones, took place in …
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