Source: The World Bank Group |

World Bank Supports Recovery Efforts for Cyclone-Affected People in Zimbabwe

The project will target the most affected districts with a focus on immediate interventions to support livelihoods regeneration and restoration

The World Bank Board of Directors approved today a $72 million grant from the International Development Association (IDA) Crisis Response Window (CRW) to the United Nations Office for Project Services (UNOPS) for the Zimbabwe Idai Recovery Project (ZIRP). The financing will help mitigate the impact of Cyclone Idai on the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

‘Boost Africa’ was launched in partnership with the African Development Bank and the European Investment Bank to enhance entrepreneurship and innovation across Africa

The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank (www.AfDB.org) on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for…

Source: African Development Bank Group (AfDB) |

Visiting African Development Bank Governors from West Africa laud Bank’s transformative projects

“The African Development Bank is the answer for Africa’s development,” Governors acknowledge in annual consultative meetings

Governors representing the African Development Bank (www.AfDB.org) West Africa region held consultative meetings with the institution’s President and senior management in Abidjan on Monday, where they took stock of the Bank’s accelerated engagement in the region. Three hundred and seventy transformative Bank projects valued at US $11.3 billion between 2010-2017…

Ministry of Foreign Affairs of the Republic of Lithuania
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Source: Ministry of Foreign Affairs of the Republic of Lithuania |

The first meeting of the European Union (EU) – Southern African Development Community (SADC) Economic Partnership agreement Joint Council took place in Cape Town

Amongst other issues the Council discussed the implementation of the agreement, the possibilities to facilitate customs procedures, to promote trade and to reduce the application of non-tariff barriers

On 19 February Ambassador Sigutė Jakštonytė participated at the first European Union (EU) – Southern African Development Community (SADC) Economic Partnership Agreement Joint Council meeting that took place in Cape Town. Amongst other issues the Council discussed the implementation of the agreement, the possibilities to facilitate customs procedures, to promote…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank and partners’ innovative Room2Run securitization will be a model for global lenders

Room2Run will create space for more lending in pursuit of development agenda

Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans, will serve as a model for other lenders, help reduce costs, and shorten execution time, finance…

Source: Hilton |

Hilton launches ‘Big Five’ for Sustainable Travel and Tourism across Africa

This announcement follows the recent launch of Hilton’s Travel with Purpose 2030 goals to double its investment in social impact and cut its environmental footprint in half across the globe

Hilton (NYSE:HLT) (newsroom.Hilton.com) today announced an initial investment of USD$1 million to drive sustainable travel and tourism in Africa. To do so, the company will focus on five key areas - Hilton’s Big Five: Youth Opportunity: investing in training and apprenticeship programs to build a strong talent pipeline and tackle identified…

Hilton
Source: Hilton |

Hilton on track to more than double its Footprint in Africa as it opens Legend Hotel Lagos Airport, Curio Collection by Hilton

Legend Hotel Lagos Airport sees the introduction of Hilton’s Curio Collection to Africa and marks the milestone of 500 operating hotels across EMEA

As it continues to grow its presence in Africa by introducing new brands and entering new countries, Hilton (NYSE:HLT) (http://newsroom.Hilton.com/) today announced it is on track to more than double in size in the next five years with the opening of Legend Hotel Lagos Airport, Curio Collection by Hilton (http://bit.ly/2IuCN4S) – the company’s…

Source: United Nations Economic Commission for Africa (ECA) |

Southern Africa urged to re-orient national policies to incorporate blue economy opportunities

Participants said member States should re-orient national development policies, plans and strategies to incorporate blue economy opportunities for poverty eradication and inclusive industrialization

Pointe aux Piments, Mauritius, September 21, 2018 (ECA) – The 24th Session of the Intergovernmental Committee of Experts of Southern Africa (ICE) ended in Mauritius Friday with delegates urging member States to create stable policy environments to minimise uncertainties in order to attract investments in transformative sectors, including those with the…

Source: UNICEF Uganda |

3 in 4 young adults in Uganda experienced some form of violence during their childhood

First ever national survey on Violence Against Children in Uganda launched

Three in four young adults in Uganda have experienced some form of violence during their childhood, according to Uganda’s first ever Violence Against Children Survey, launched today by the Government of Uganda and its partners. The Uganda Violence Against Children (VAC) Survey provides nationally representative data on the prevalence, nature…

Source: African Development Bank Group (AfDB) |

The African Development Bank Group is pleased to announce the appointment of Ms. Bajabulile “Swazi” Tshabalala as Vice President for Finance and Chief Finance Officer

Ms. Tshabalala brings 26 years of experience in finance, treasury management and capital market operations

The African Development Bank Group (https://www.AfDB.org/en/) is pleased to announce the appointment of Ms. Bajabulile “Swazi” Tshabalala as Vice President for Finance and Chief Finance Officer for the African Development Bank Group, effective from August 1, 2018. Ms. Tshabalala, a citizen of South Africa, is currently the Executive Director of…