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ARISE IIP signs a development agreement with the Government of Malawi for the construction of a Special Economic Zone (SEZ) and a dry port

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LIBREVILLE, February 23 (Infosplusgabon) - ARISE Integrated Industrial Platforms (ARISE IIP), owned by Africa Finance Corporation (AFC), Afreximbank and Africa Transformation and Industrialization Fund (ATIF), the developer and operator of world-class industrial ecosystems across Africa, is proud to announce the signing of a development agreement with the Government of Malawi for the construction of a Special Economic Zone (SEZ) and a dry port in the North of Lilongwe, Area 55 in Malawi. This agreement, in line with ARISE IIP’s ambition to unlock Africa’s industrial potential, will support the Government of Malawi in advancing the country's long term vision of becoming an inclusively wealthy and self-reliant industrialised upper-middle income country by 2063.

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IVORY COAST : United States and African Development Bank forge stronger ties to boost food production

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LIBREVILLE, January 26 (Infosplusgabon) - Secretary of State Blinken and Bank President Adesina Highlight Africa’s Efforts to Feed Itself and Rest of World; Welcome Increased Support and Investment in African Initiatives. United States Secretary of State Antony Blinken has praised the African Development Bank Group for the exceptional efforts it is undertaking to help Africa feed itself and the rest of the world.

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AFRICA : Start of routine malaria vaccinations across 42 health districts

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LIBREVILLE, January 22 (Infosplusgabon) - Following a successful pilot programme, today the world’s first WHO-recommended malaria vaccines are being administered through routine immunisation programmes across Africa, beginning with Cameroon. Vaccinations are taking place across 42 health districts, chosen in order to give the most vulnerable children with the highest transmission and mortality rates in the country an opportunity to be protected from the devastating disease.

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Africa : African Development Bank appoints Aida Ndir Ngom as Director of the Private Sector Development Department

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LIBREVILLE, January 21 (Infosplusgabon) -  The African Development Bank has appointed Aida Ngir Ngom as Director, Private Sector Development Department. Her appointment takes effect from February 1, 2024.  Ngom, a Senegalese national, is a seasoned development finance banker with more than 20 years of experience in private sector origination and development, investment banking, and corporate and project finance, notably in the infrastructure space.

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Cameroon: African Development Bank grants a loan of EUR 74 million for electricity sector reforms to facilitate universal access to power

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LIBREVILLE, December 15 (Infosplusgabon) - The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

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