AfDB’s Regional Integration Strategy – African Leaders Gather in Abidjan

“Integrate Africa”, the fourth of the African Development Bank (AfDB’s) five strategic development priorities, the High 5s, was the central theme of discussions with regional stakeholders in Abidjan. Welcoming over 50 participants at the meeting, AfDB President, Akinwumi Adesina set the tone of the deliberations, saying that integrating Africa would help achieve the High 5 objectives in a coherent way. “Today, we …

US$300 million loan agreement for Nacala Corridor project signed

The African Development Bank and other participating co-lenders have signed agreements for the financing of the Nacala Corridor project. The Nacala Corridor is an integrated and transformative infrastructure project which consists of a 912 km railway and a port meant to unlock the Western region of Mozambique and landlocked Malawi. The total project cost is estimated at $5 billion. The …

Statement by Mr. Shem Simuyemba, African Development Bank, At the 30th West African Power Pool (WAPP), Donor Coordination Meeting

Statement by Mr. Shem Simuyemba, African Development Bank Manager, NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) At the 30th West African Power Pool (WAPP), Donor Coordination Meeting Held on 1st November, 2017 at Alisa Swiss Spirit Hotel, Northridge, Accra, Ghana Theme: Regional Electricity Market – Ensuring West African Integration The Board Chairman of the West Africa Power Pool (WAPP), Mr Mohammed Usman …

PIDA Week 2016 opens with calls for accelerated job creation through infrastructure development…

Africa has to provide employment opportunities for its youth if it is to harness their potential and contribute to the desired economic growth outlined in the vision of Agenda 2063. The call was made by officials from the African Union (AU), the NEPAD Agency and the African Development Bank (AfDB) at the opening of the second annual Programme for Infrastructure ...

AfDB approves US $3.04-million grant for road and bridge construction feasibility studies in Central Africa

The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi-Campo-Baba Multinational Road and Bridge linking Cameroon to Equatorial Guinea. The grant, funded through the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund administered by the AfDB, will ...