ABR Network

AfDB: Adesina thanks Jonathan, Buhari; pledges to help build stronger African economies

The newly elected President of the African Development Bank, AfDB, Akinwunmi Adesina, has pledged to help build stronger economies across Africa, capable of delivering quality jobs for millions of youth and women in order to revive and lift the continent’s rural economies out of poverty, and ensure regional integration and prosperity. Mr. Adesina, Nigeria’s immediate …

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Akinwumi Adesina of Nigeria elected 8th President of the AfDB

“Today, I have been given a great responsibility,” Akinwumi A. Adesina said Thursday upon his election as the 8th President of the African Development Bank Group.   The President-Elect said he was “humbled by this remarkable vote of confidence in me” on the part of the Bank’s Board of Governors, who met during the Bank …

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Development Effectiveness Review 2015

Driving development through innovation   Each year the African Development Bank publishes the Annual Development Effectiveness Review (ADER) to provide an overview of how it contributes to Africa’s development. This fifth edition of the ADER has innovation as its theme. Innovation means not only taking ideas from around the world and adapting them to Africa’s …

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Africa Strategic Infrastructure Initiative: A Principled Approach to Infrastructure Project Preparation Facilities

The Ebola outbreak in West Africa was a public health emergency of new proportions that presented unprecedented challenges for the international community. Aside from the significant social and economic impact it had on many West African countries, the epidemic also triggered a range of innovative, flexible partnership responses from businesses and civil society that complemented …

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African Governments and business leaders join to launch Regional Scholarship and Innovation Fund

(MENAFN Press) JOHANNESBURG South-Africa June 18 2015/African Press Organization (APO)/ —   • $5million committed by African Governments and ‘Africa Business Champions for Science’ during launch hosted by HE President Macky Sall of Senegal   • Will award grants for 10000 PhD scholarships in Africa over ten years as part of the World Bank ‘Partnership …

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In Questionable Financial Times, Profits Are Still Possible In Africa

While many shale and deep water plays may be on hold, shallow oil and gas fields in Africa could prove lucrative for some operators, including indigenous companies. As oil prices continue to fluctuate and leave industry players in limbo, many are looking for new investments that will still allow for profitable returns in an uncertain …

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African Economies to Rebound in 2015, Despite Uncertain Global Conditions

African economies are expected to register robust growth in 2015 expanding by 4.5 per cent in 2015, and may reach 5 per cent in 2016, compared to 3.9 per cent registered in 2014 and 3.3 per cent globally, according to the 14th edition of African Economic Outlook 2015, released on Monday, May 25 in Abidjan, …

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Delivering on the promise: Launch of AfDB-Gates Foundation report on extractives and human development

“Africa needs to adopt policies to transform its natural resources into human capital and better living standards for its citizens and learn from the existing good practices on the continent.” These were the words of African Development Bank President Donald Kaberuka, at the launch of the report “Delivering on the promise: Leveraging natural resources to …

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Huge youth employment and business opportunities in Africa’s cocoa sector

The African Development Bank and the International Cocoa Organization (ICCO) are poised to boost business opportunities in Africa’s cocoa sector, including youth employment and empowering women participation. Both institutions recently met in Abidjan, Côte d’Ivoire, in order to see how they can cooperate to foster the transformation of the cocoa industry in Africa. Cocoa is …

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