African Development Bank approves €40 million in grants for bridge linking Cameroon and Chad
May 7, 2020 | 0 Comments
The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30 April 2020
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.
The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30 April 2020. The facility is from the Investment Facility for Africa under a framework agreement between the Bank Group and the European Commission.
The funds will co-finance the costs of construction of the bridge between Yagoua in Cameroon and Bongor in Chad, access roads and feasibility studies, management said in a report to the Board.
The bridge, once completed, is expected to bolster bilateral and sub-regional integration and cross-border trade, safeguard life and property during the river crossing and boost socio-cultural ties between the two countries.
“Specifically, the project aims to promote interstate trade, particularly between Cameroon and Chad, reduce travel time and transportation costs, and improve accessibility of basic services by nearby communities,” the report noted.
In addition to the Logone river bridge, other projects under the Pillar Assessed Grant or Delegation Agreement (PAGODA) include the rehabilitation of the Lome-Cotonou road, road development and transport facilitation on the Bamako-San Pedro corridor between Mali and Côte d’Ivoire and the rehabilitation of the CU2a community road section in Burkina Faso near the border with Niger.
The Bank and the European Commission are committed to co-financing development projects that tackle poverty by investing in critical infrastructure to promote seamless connectivity of transport, energy and ICT.
Africa50 donates US$800,000, joins African Countries to help fight COVID-19
May 5, 2020 | 0 Comments
|Given the likely long-term effects of the pandemic, Africa50’s COVID-19 Relief Support Initiative will have three phases|
Announces a grant of US$300,000 to the Africa Centres for Disease Control and Prevention (Africa CDC) for the purchase of test kits and other medical equipment and to mobilize frontline responders; provides US$500,000 to fund other targeted infection control and prevention activities in several African countries.
Africa50 , the pan-African infrastructure investment platform, has announced its COVID-19 Relief Support Initiative, which aims to support the continent’s fight against the pandemic. Under this initiative, Africa50 is providing US$800,000 to help contain the spread of the virus and minimize its impact. Given the likely long-term effects of the pandemic, Africa50’s COVID-19 Relief Support Initiative will have three phases, as follows:
The first phase focuses on helping countries deal with immediate public health needs through in-kind and cash donations. It comprises a US$300,000 grant to the Africa Centres for Disease Control and Prevention (Africa CDC), which will be used specifically for the purchase of test kits and other medical equipment and to mobilize frontline responders, as highlighted in the Africa Joint Continental Strategy for COVID-19 led by the African Union, through Africa CDC.
In addition, Africa50 is donating US$500,000 to fund other targeted infection control and prevention activities in several African countries.
The second phase will focus on technology-enabled solutions that help address the unprecedented demand for digital health innovations, which was triggered by the pandemic. To that effect, Africa50 will support the deployment of digital solutions, as part of its Innovation Challenge, an initiative launched in 2019 to increase internet connectivity access in under-served areas in Africa.
The third phase will concentrate on medium to longer term solutions to support economic recovery and stabilization, including the implementation of major infrastructure projects.
On the occasion of this announcement, Mr. Alain Ebobissé, CEO of Africa50, said “We stand in complete solidarity with all African nations and all our stakeholders around the world during these uncertain times. Beyond the tragic loss of human lives, the pandemic is projected to result in a decline in Africa’s GDP growth between 3 and 8 percent.”
He underlined Africa’s vulnerability to this new, rapidly evolving environment and stressed the need for diligent, impactful responses and continental cooperation. “Governments, the private sector, development institutions, and civil society have acted quickly, both to limit the spread of the virus and to prop up economies. Africa50 will play its part.”, he said.
“If we work together, we can limit the damage of the pandemic. This crisis underlines once again the urgency of improving the continent’s infrastructure to ensure that people can enjoy productive, happy, and healthy lives. We must therefore also continue to develop our project pipeline and evaluate new ones, as we prepare to support the continent’s recovery”, he added.
Africa50 is an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. Africa50’s investor base is currently composed of 28 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib.
Africa50 supports COVID-19 response with US$300,000 grant to Africa Centres for Disease Control and Prevention (Africa CDC)
May 5, 2020 | 0 Comments
The grant will be used specifically for the purchase of test kits and other medical equipment and to mobilize frontline responders
Africa50 has announced a grant of US$300,000 to the Africa Centres for Disease Control and Prevention (Africa CDC) to support response to the COVID-19 pandemic in Africa. The grant will be used specifically for the purchase of test kits and other medical equipment and to mobilize frontline responders, as highlighted in the Africa Joint Continental Strategy for COVID-19.
The Chief Executive Officer of Africa50 (www.Africa50.com), Alain Ebobisse, says the grant signals the beginning of a longer-term partnership between Africa50 and Africa CDC on public health issues in Africa.
“As a pan-African entity funded by 28 African shareholder governments, Africa50 is well placed to join Africa CDC and the African Union in their efforts to combat COVID-19 on the continent. We look forward to a longer-term collaboration with Africa CDC to help address the continent’s health infrastructure needs, leveraging each other’s expertise and stakeholder networks. We are fully committed to engaging with our African shareholders and partners in these challenging times,” says Alain Ebobisse.
Africa50 is a pan-African infrastructure investment platform that contributes to Africa’s growth by developing and investing in high-impact national and regional projects and mobilizing private sector funding. The grant was awarded as part of Phase 1 of the COVID-19 Relief Support Initiative (RSI) of Africa50, which aims to respond to immediate public health needs in Africa.
“The Africa Joint Continental Strategy for COVID-19 highlights four things: cooperation, collaboration, coordination and communication. This pandemic will be won at the community level and it requires everybody working together with a unique level of cooperation. We particularly acknowledge the grant from Africa50 as a good example of the kind of solidarity that Africa needs from individuals and institutions in Africa,” says Dr John Nkengasong, Director, Africa CDC.
The Partnership to Accelerate COVID-19 Testing (PACT): Trace, Test & Track, launched by the African Union Commission in April 2020 has identified well-coordinated actions and strong partnerships at all strategic levels as key to achieving remarkable success in the response to COVID-19 in Africa. PACT aims to support testing of 20 million Africans by the end of 2020 and the deployment of one million community healthcare workers to support contact tracing. This donation contributes to efforts towards accomplishing this very important aspiration of Africa’s Heads of State and Government.
African leaders laud African Development Bank President for visionary leadership amid COVID crisis
May 5, 2020 | 0 Comments
|President Ramaphosa expressed appreciation for the Bank’s commitment of $26 million for the African Centers for Disease Control and Prevention|
South Africa’s President and African Union chairperson Cyril Ramaphosa and the Nobel peace laureate and former Liberian President Ellen Johnson Sirleaf have commended Akinwumi Adesina, President of the African Development Bank (www.AfDB.org), for his visionary leadership and bold initiatives to accelerate Africa’s development and to support the continent through the COVID-19 crisis.
President Ramaphosa expressed appreciation for the Bank’s commitment of $26 million for the African Centers for Disease Control and Prevention, its support in the procurement of critical medical supplies in Africa, and the financial instruments the Bank has provided to assist member countries through the pandemic.
The African Development Bank (AfDB) recently launched a $3 billion “Fight COVID-19” social bond, with bids exceeding $4.6 billion. It is the largest dollar-denominated social bond ever launched in international capital markets and the largest US dollar benchmark ever issued by the Bank. The Bank also launched a $10 billion Crisis Response Facility to support Africa and to address the pandemic.
Through these initiatives, the Bank is poised to deploy funds to provide African governments and the private sector with access to financing to reduce the economic and social impacts of COVID-19.
“I commend the AfDB for taking these bold initiatives and for the role played by the AfDB under your leadership during this challenging period,” President Ramaphosa, also the current chair of the African Union, said in a written message of support to Dr. Adesina.
Echoing President Ramaphosa’s statement, President Sirleaf said: “The leaders of Africa, and I dare say the world, have recognized the important changes that you have made in the Bank – reorganization of management and restructuring of Bank operations around the High 5s that represent a response to Africa’s more critical development needs.”
Acknowledging the Bank’s highest ever capital replenishment last year, President Sirleaf added: “Take heart, dear President, knowing that Africa respects your intellect and commitment and is pleased that through your leadership our premier institution has received worldwide acknowledgement and recognition for high-quality performance and impacting results.”
Under Adesina’s leadership, the African Development Bank has centered its mission around its “High 5” development priorities: Light Up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.
The Bank’s shareholders in 2019 approved a landmark general capital increase of $115 billion, the largest in the Bank’s history, increasing its capital base to $208 billion.
Zambia on track to energy surplus following major boost in electricity production
May 1, 2020 | 0 Comments
Zambia’s constant power cuts are now a thing of the past. Thanks to a robust hydraulic and solar power generation industry in recent years, the country is now self-sufficient in energy. And, there is even better news for citizens of the South African nation- electricity production could soon be in surplus.
Zambia generates practically all its energy production from its own primary resources: biomass, coal and hydroelectricity, with flagship plants such as the power station near the Itezhi-Tezhi Dam, in the south-east of the country, taking centre stage.
The $375 million Itezhi-Tezhi hydroelectric generating station became operational in 2016. The plant has a 120-megawatt capacity and is the fruit of the first public-private partnership project in the Zambian energy sector. Its primary objective has been to produce enough power to end the crippling daily blackouts and meet consumer needs of the country’s 17 million inhabitants.
Zambia stopped electricity imports in early 2018
Itezhi-Tezhi power plant has already increased the country’s power generation capacity by 7.5% and supplied an extra 50,000 people with electricity. In the first quarter of 2018, and for the first time in its history, Zambia stopped importing electricity from neighbouring countries such as Mozambique.
As far back as September 2017, national operator Zesco’s head of power transmission, Webster Musonda, told Ecofin agency: “Zambia’s power generation capacity has improved and will now be able to largely meet its energy needs.” “Overall, we will be able to meet demand and routine energy imports will cease […] but we will continue to import energy to meet occasional peaks in demand.”
The next step for the Government of Zambia includes plans for an energy surplus over the next two years. To meet this goal, it is exploring renewable energy, such as solar power.
The country’s new hydropower stations at the Musonda, Lusawaki and Kafue Gorge dams are important developments and in September 2018 the government inaugurated a 50 MW power plant at a cost of $60 million. An even more ambitious programme is under way, involving the construction of mini solar plants with an eventual overall capacity of 600 MW at an estimated cost of $1.2 billion.
The African Development Bank which is championing its High 5 development priorities, such as the “Light up and power Africa, initiative under which this project falls, contributed $55 million to the Itezhi-Tezhi plant. Additional funding has been provided by international donors including the Netherlands Development Finance Company, the Development Bank of South Africa and Proparco France.
The Bank’s portfolio in Zambia currently includes 23 ongoing projects, amounting to an investment of one billion dollars, in three main sectors: transport, water and sanitation and agriculture.
A strong partnership with Zimbabwe has been the key to Zambia’s success. The two southern African neighbours are working on a major energy project on the Zambezi River, which marks their common border. The 2750 km long river is the fourth-largest on the continent.
The project, which has a projected output of at least 2400 MW, is to be built upstream of the Kariba dam, close to the famous Victoria Falls, at a cost of $3 billion.
Electricity output will be shared equally between Zambia and Zimbabwe, with excess production sold on to other member countries of the Southern African Development Community (SACD), according to the project’s initiators.
Africa cannot afford LOCUST-19
May 1, 2020 | 0 Comments
By Akinwumi A. Adesina *
We are in a battle against time to curb the COVID-19 pandemic. While tackling the Coronavirus pandemic has grabbed global attention, a new crisis that could claim a lot more lives is brewing in Africa: massive locust invasions.
Billions of desert locusts are ravaging countries all across East Africa, including Kenya, Somalia, Ethiopia, Sudan, South Sudan, Uganda, and Djibouti. It has been reported that their numbers are likely to increase by up to 400 times by June 2020, reaching crisis levels.
The Food and Agriculture Organization of the United Nations (FAO) has estimated that unless quickly controlled, 5 million additional people in East Africa will be hungry by June.
An unprecedented race against time has begun to urgently stop the progression and potentially devastating impact of the deadly twins: COVID-19 and the locusts for millions in Africa.
We all know that rains are good for crops. But then when good rains also caused favorable breeding environments for locusts, the joy of rains has suddenly turned hopes of expected plenty into glooms of hunger. Is the best of times becoming the worst of times?
Locust breeding populations have increased massively. The locust plague moves with devastating effects: imagine a carpet of locusts of up to 150 million locusts covering a square kilometer. And think about it, that they can consume crops in one day that can feed approximately 35,000 people. In East Africa, where FAO estimates that some 20 million people are already food insecure, the effects will be devastating.
The locust crisis emerges as the continent is dealing with the COVID-19 pandemic. These are tough odds to face.
Today, distressfully, choices for millions of the poor are oddly similar: to stay in confinement and escape dying from Coronavirus or dying from hunger staying at home.
It is already playing out. Food riots broke out a few days ago in Kibera, the largest slum in Kenya, as people trampled over each other, defying social distancing – prescribed to stem the spread of the Coronavirus – to get food. Coronavirus could kill, but hunger kills many more people.
With the lockdowns for the COVID-19 pandemic, pest control workers are largely unable to go out to spray. While restrictions have been lifted to allow aircrafts used to spray to operate, they can do little as they are largely unable to get access to the chemicals, due to disruption of supply chains.
It appears that those who escape the COVID-19 will soon face LOCUST-19. In East Africa alone, the number of hungry people could jump to 30 million people.
There are several lifesaving recommendations we can act on now. These include one, the creation of a “green channel” for the free flow of food and agricultural inputs and pesticides to control pest attacks. Two, putting in place measures to prevent food price hikes by releasing food from government grain reserves and implementing anti-hoarding policies. Three, rapidly scaling up food production technologies, including high-yielding, early-maturing, drought-tolerant, disease- and pest-resistant staple crops, and programs such as the African Development Bank’s flagship program, the Technologies for African Agricultural Transformation (TAAT) initiative.
The good news is that the African Development Bank has joined the FAO as the frontrunners in this unprecedented race against time. The Bank has just approved a $1.5 million grant to the Intergovernmental Authority on Development (IGAD) and the FAO to support efforts to spray against the locusts and safeguard livelihoods in the East and the Horn of Africa. More help will be needed.
The last thing Africa needs now, as we are battling with the COVID-19 pandemic, is a hunger pandemic.
COVID-19 has taken the international community on an unpredictable journey. Thankfully, we can preclude and halt the locust crisis. For that to happen, we all must rally around the FAO to provide the $153 million needed.
COVID-19 cannot be followed by LOCUST-19.
* Dr Akinwumi A. Adesina is President of the African Development Bank
Olive groves and businesses boom as rural Moroccans get on the grid
May 1, 2020 | 0 Comments
A Bank-backed electricity scheme has helped Moroccans turn on lights across the country.
Kindergarten teacher Fatima Zahera Hagou remembers how, less than a generation ago, when the sun went down over the Moroccan countryside, her rural village of Dar Laain ground to a halt as locals bedded down for the night.
Nowadays, her village, some 25 km southwest of Marrakech, bustles with life after dark, thanks to the expansion of the electricity grid. Residents have benefited from youth clubs, a communal bathhouse and an industrious women’s farming collective.
“I cannot imagine life in the village without electricity. It helps them a lot. It helps them improve their produce and become more efficient,” said Hagou. “It brings us hope.”
In recent years, the African Development Bank has invested $200 million in Morocco’s effort to expand its electricity grid and give residents of remote towns and villages a chance to open businesses and increase farming yields.
Over two decades, the scheme has connected some 40,000 villages to the grid. In 1995, only about a fifth of Morocco was hooked up.
Hassan Lissigui, a regional head of the National Electricity Office, said one-third of Moroccans can now access a transformative power source.
“The impacts are real. They are measurable. A welder, for example, cannot operate without electricity. The same goes for a farmer,” Lissigui said.
While Morocco has struggled with relatively high rates of joblessness, the expansion of the grid has boosted a $299 billion economy that grew by 2.7 per cent in 2019, according to World Bank data.
When Ahmed Hassani, a married father of four, inherited farmland from his parents in Douar Bou Azza, another village outside Marrakech, the only available water source was an old well, and its dry soils yielded little produce.
“We used to have very little activity, but thanks to electricity we solved the problems related to irrigation,” said Hassani.
“In recent years, olive production has increased significantly. Barley production as well.”
Nowadays, Hassani rides a scooter beside olive groves that have grown more lush and verdant thanks to the electricity-powered irrigation system. At harvest time, he hires four or five hands to help bring in the crops.
Morocco generates 28.75 billion kWh of electricity for its population of some 36 million people. Fossil fuels account for more than two-thirds of this capacity, the remainder comes from hydroelectric plants and other renewable sources.
Mohamed Dakni, a 32-year-old welder from Douar Bou Azza, is one of the many Moroccans who have benefited from international efforts to finance the country’s network of power stations, cables, pylons and transformers.
“My business has grown. I can now afford to work on my art and expand my clientele,” said Dakni.
“I used to make small objects that I sold for a cheap price at the market. Today I can develop my business, my creativity, and make a better living.”
Dakni, who wears goggles in a ramshackle studio when welding together model camels, cacti and other attractive home furnishings, said he had seen many improvements in the area.
“We now have access to roads, electricity and water,” he said. “And the next generation will bring its own set of changes. That’s how it goes.”
African Development Institute to rally African policy planning for macroeconomic resilience against COVID-19 pandemic
May 1, 2020 | 0 Comments
The African Development Institute of the African Development Bank will host a virtual seminar on Wednesday, 29 April 2020 to develop responses to macroeconomic policy challenges facing Africa nations in the wake of the COVID-19 pandemic.
Like elsewhere, African countries are not spared the devastating impacts of the COVID-19 pandemic on their national health systems, economies, trade, cultures, societies and livelihoods. The public and private sectors, individuals and communities are struggling to respond to the pandemic amid commercial lockdowns and disruption of income sources.
The seminar, titled “Enhancing Resilience in African Economies: Macro-Economic Policy Responses to COVID-19 Pandemic in Africa,” seeks to address the macroeconomic implications for African economies as many nations struggle to roll out fiscal stimulus packages to avoid a total collapse and save livelihoods.
Among the participants, are development partners, including colleagues from the World Bank, International Monetary Fund, the African Union Commission; United Nations Economic Commission for Africa, the United Nations Development Program and representatives of academic institutions. Key speakers include former finance ministers, central bank governors, global experts and Bank Group executives.
The seminar will also address the ways in which COVID-19 has highlighted inequality in the global economy and the vast disparities in the responses by industrialized countries as against those of African countries, which have had to rely on development institutions to implement contingencies.
The African Development Bank has played a lead role in responding to the crisis by rolling out a series of financial and technical measures to cushion African economies and livelihoods. Its primary channel for the interventions is a Response Facility announced 7 April that provides up to $10 billion to governments and the private sector.
The facility comprises $5.5 billion for sovereign operations in African Development Bank countries, $3.1 billion for sovereign and regional operations for countries under the African Development Fund, the Bank Group’s concessional arm that caters to fragile countries and $1.35 billion for private sector operations.
The Bank also raised $3 billion from a three-year Fight COVID-19 bond in late March, and extended $2 million in grants to the World Health Organization to bolster the capacity of 41 African countries on infection prevention, testing and case management.
The IMF and the World Bank have also announced COVID-19 response packages that target African economies and health systems.
The Seminar is the first of a series being organized under the auspices of the Global Community of Practice (G-CoP) on COVID-19 Response Strategies, established by ADI to stimulate policy dialogue that will inform Regional Member Countries’ short, medium and long-term policy responses to the COVID-19 pandemic.
ADI, a department of the Bank, is the focal point for the institution’s Capacity Development initiatives. In that role, ADI contributes to efforts at building sustainable capacity for development effectiveness in the institution’s regional member countries.
African Development Bank’s seed-bulking scheme boosts cassava yields in Zambia
April 22, 2020 | 0 Comments
For centuries, African farmers across the continent have grown cassava. The woody shrub was introduced to Africa from South America by Portuguese traders in the 16th Century and grows well in the continent’s drylands and produces nutritious, calorie-rich meals.
But Zambia’s cassava growers were not deriving as much out of the crop as was possible. Farmers in the southern African country used low-quality planting materials and suffered from poor harvests leading to hunger and poverty across many of the country’s villages.
To help tackle these problems, the African Development Bank, through its Technologies for African Agriculture Transformation in the Savannahs (TAAT-S) flagship initiative, implemented by the International Institute of Tropical Agriculture (IITA), provided Zambian farmers with a solution known as “seed bulking”. This involves collecting seeds from a target crop and then growing them in a controlled setting. Using this method, farmers can multiply their bank of seeds, making them more secure and able to scale-up productivity.
In 2019, ITTA worked with agriculture specialists from the Zambian government and local partners to set up 58 cassava seed-bulking farms, with smallholder farmers managing the local outfits.
Five types of high-yielding cassava seeds were successfully introduced in an effort to boost yields and make the landlocked nation less reliant on food imports.
Operating under the TAAT-S initiative, each seed-bulking farm covered two or three types of high-yielding cassava seeds, to increase productivity to 20-30 tonnes per hectare, from a baseline of below 10 tonnes previously.
The farms were all located near various cassava processing facilities including through the recently constructed cassava milling plant developed by the AfDB-GAFSP financed Agriculture Productivity and Market Enhancement Project (APMEP).
The scheme is already up and running, and each seed-bulking farm was expected to utilise 174 hectares of land to multiply cassava seeds at the 58 locations spread across a nation of more than 17 million people.
This would translate into the planting of 1,740 hectares of cassava seed farms in 2021, which would generate seeds for cultivation to produce around 43,500 tonnes of cassava root. Once milled into flour, this would represent 10,875 tonnes of food — capable of feeding more than 3.6 million people.
In 2022, the replanting of cuttings from cassava roots would scale up across 17,400 hectares of land to produce some 435,000 tonnes of root the following year. Some 23,000 tonnes of excess root could then be processed into starch, making Zambia less reliant on imports.
The scheme is important because agriculture is a driver of Zambia’s $27.5 billion (2019) economy. The sector provides work for more than half of the country’s workers.
In addition to cassava, Zambian farmers grow corn, sorghum, rice, peanuts, sunflower seeds, vegetables, flowers, tobacco, cotton, sugarcane and coffee. They also rear cattle, goats, pigs and poultry. Almost a third of Zambia’s land is devoted to farming.
Agriculture is one of the Bank’s main focus areas under its “Feed Africa,” High Five priority, which aims to tackle high rates of poverty, unemployment and malnutrition in sub-Saharan Africa.
Climate change has become an added challenge. Flooding, droughts and swarms of locusts have ravaged harvests across Africa in recent years, pushing farmers into poverty and making governments spend more foreign currency on imports.
Experts believe that modified seeds could help millions of smallholder farmers to get bigger harvests and earn extra cash. Getting improved seeds to more farmers will also help lower food prices, make it easier for parents to feed their children and therefore reduce malnutrition and other health concerns.
African Development Bank debars China Zhonghao Nigeria Limited for 18 months for fraudulent practices
April 22, 2020 | 0 Comments
Abidjan, Côte d’Ivoire, 20 April 2020 – The African Development Bank Group on 14 April 2020, announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices.
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that China Zhonghao Nigeria Limited, as a member of a joint venture with Oceanic Construction and Engineering Nigeria Ltd., was jointly responsible for its joint venture partner’s fraudulent misrepresentations of its year of incorporation, the value of its reference contracts, and the experience of its key personnel, while bidding for two tenders under the Bank-financed Urban Water Supply and Sanitation Improvement Project in Nigeria.
The debarment renders China Zhonghao Nigeria Limited and its affiliates ineligible to participate in Bank-financed projects during the debarment period. The debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.
At the expiry of the debarment period, China Zhonghao Nigeria Limited will only be eligible to participate in Bank-financed projects on condition that it implements an integrity compliance program consistent with the Bank’s guidelines.
In June 2019, the Bank debarred Oceanic Construction and Engineering Nigeria Ltd. for a period of 48 months, for related fraudulent practices – https://www.afdb.org/en/news-and-events/integrity-in-development-projects-african-development-bank-blacklists-oceanic-construction-and-engineering-nigeria-for-48-months-for-fraudulent-practices-19409.
The Urban Water Supply and Sanitation Improvement Project is financed under the African Development Fund, an entity of the African Development Bank Group and aims at enhancing access to safe water supply services in the Nigerian states of Oyo and Taraba through, among other components, extension and rehabilitation works on the water transmission and distribution network.
The Office of Integrity and Anti-Corruption of the African Development Bank Group is responsible for preventing, deterring and investigating allegations of corruption, fraud and other sanctionable practices in Bank Group-financed operations.
For more information visit https://www.afdb.org/en/about-us/organisational-structure/integrity-and-anti-corruption/
African Development Bank staff and the general public can use secured hotlines to report sanctionable practices within the Bank or operations financed by the Bank Group.
telephone: +1 (770) 776-5658
Mail correspondence should be marked “CONFIDENTIAL” and sent to:
African Development Bank
Office of Integrity and Anti-Corruption
Immeuble du Centre de commerce International d’Abidjan CCIA
Avenue Jean-Paul II
01 BP 1387 Abidjan 01, Côte d’Ivoire
African Development Bank strongly rebuts claims that it plans to provide financial support to the East African Crude Oil Pipeline Project
April 18, 2020 | 0 Comments
ABIDJAN, Côte d’Ivoire, April 18, 2020,-/African Media Agency (AMA)/- The African Development Bank has become aware of an inaccurate news article stating that the institution plans to provide financial support to the East African Crude Oil Pipeline Project.
The Bank strongly refutes the claims in the misleading article, which references a letter by a group of civil society organizations and climate change advocates asking the institution to withdraw from the project due to its potential social and environmental damage.
Here are the facts:
- The NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) has not provided financing to any Private Sector Company for upstream oil or gas pipeline projects in East Africa.
- No commitment was therefore made to any party to fund the East African Crude Oil Pipeline Project. The project is not included in the Bank’s lending program.
- The Bank is strongly committed to renewable energies.
It is important to point out that the African Development Bank Group has for more than a decade played a leading role in crafting policies and delivering investments that promote sustainable development practices on the continent, including climate adaptation and resilience.
The Bank is committed to facilitating the transition to low-carbon and climate-resilient development in African countries across all its operational priority areas.
From commitment to action
These commitments are articulated in the range of strategies, policies and action plans which are aligned to all Bank operations and are available to the public. In 2019, approximately 36% of total financial approvals were directed to climate action. The African Development Bank further commits to doubling its climate finance to $25 billion between 2020 and 2025. Furthermore, the Bank is joining forces with the other Multilateral Development Banks to design a framework that ensures that all our investments align with the goals of the Paris Agreement.
100% renewable projects and sustainable, low-emission agriculture and infrastructure
The Bank has prioritized investment in renewables and has not invested in any coal project in the past decade as it sees renewable energy as the future. Since the launch of the Bank’s Strategy for the New Deal on Energy in 2016, up to 2019 renewable energy projects constitute about 85% percent on average of the Bank’s power generation investments. The Bank is working closely with African countries to realize their renewable energy potential and has developed dedicated programs and instruments to achieve this goal.
Upholding the principles of inclusion, participation, ownership, transparency and accountability
The Bank recognizes and appreciates the critical role that civil society organisations play in promoting transparency and accountability in all spheres of development for the common good of grassroot communities. The African Development Bank has made significant strides and continues to enhance its engagement of Civil Society and Community Based Organisations, through information sharing and regular exchanges on various platforms such as the Civil Society Open Days, the Annual Civil Society Forum and many other fora.
The Bank will, therefore, continue to work with its shareholders, its clients and civil society organisations, to ensure that it upholds the highest standards.
The institution remains focused on its core mission to help lift millions out of poverty, by using the resources entrusted to it in a responsible and efficient manner.
Distributed by African Media Agency (AMA) on behalf of the African Development Bank.
Contact: Nafissatou Diouf, Ag Director of Communication and External Relations Department, African Development Bank, email: email@example.com
African Development Bank’s SEFA grants $760,000 to develop small-scale renewable energy projects across Sub Saharan Africa
April 17, 2020 | 0 Comments
ABIDJAN, Côte d’Ivoire, April 17, 2020,-/African Media Agency (AMA)/- The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW, towards bankability and construction.
The grant will support a broad range of project preparation and development activities, including technical feasibility studies, legal due diligence, environmental and social impact assessment, quality assurance and risk management.
Through its Empower Invest fund, EmNEW invests in small and medium-scale renewable energy projects in Africa, with a focus on solar power, hybrid, and hydro technologies.
Welcoming the approval, Terje Osmundsen, EmNEW’s CEO, said, “We are very excited to be entering into a partnership with the African Development Bank and SEFA. There is a large number of strong small or medium scale projects across Africa that remain unrealised because they can’t access competitive financing. Our approach allows us to bridge this gap and working with SEFA, will help us to accelerate this process and support more high-quality projects. Together, we can bring impactful investment to Africa, while helping the continent to meet its electrification, carbon-reduction, and sustainable development targets.”
The Bank’s support to EmNEW through SEFA is fully aligned with SEFA’s strategy to tackle challenges faced by smaller renewable energy projects in many African countries in accessing financing to cover their initial development costs, the Bank’s Acting Director for Renewable Energy & Energy Efficiency Daniel Schroth noted.
Drawing on high-quality local partnerships in Africa, EmNEW invests in renewable energy projects through competitive equity to small and medium scale projects which helps to reduce the time and resources required to finance projects while delivering environmental and social impact.
“Accelerated deployment of distributed solar power and small hydropower is one of the fastest and most cost-efficient ways to bridge the energy access gap, fight climate change and promote sustainable development in Sub-Saharan Africa,” said Wale Shonibare, the Bank’s Acting Vice President for Power, Energy, Climate and Green Growth.
EmNEW has regional offices in Kenya and Ghana, with projects expected to unlock up to $500 million in renewable energy investment, reduce CO2 emissions by 320,000 tons, create 20,000 new jobs, and eventually produce 585 GWh of clean electricity.
Distributed by African Media Agency (AMA) on behalf of the African Development Bank.
Contact: Kwasi Kpodo, Communication and External Relations Department, African Development Bank. Email: firstname.lastname@example.org
Technical contact: Joao Duarte Cunha, Division Manager, Renewable Energy