annual meetings ‘asides’ - african development bank · africa’s sustainable develop-ment. we...

We endorse ourChair’s statement inexpressing gratitude

to the President, Governmentand People of Zambia for hos-ting these Annual Meetingsand, in particular, for theirhospitality.

We endorse our Chair’s state-ment in expressing gratitudeto the President, Governmentand People of Zambia for hos-ting these Annual Meetingsand, in particular, for their hos-pitality.

We join the President inurging the speedy implement -ation of the Strategy for theNew Deal for Energy in Africain order to achieve itsaspirational goal of achievinguniversal access without whichour regional member statescannot sustain growth, build

inclusive societies andaccelerate progress towardseradicating poverty.

We commend the progressmade towards operationalizingthe High 5s. …. We encouragethe Bank Group to intensifyefforts to complete the otherstrategies for long-term agri-cultural transformation andindustrialization in Africa. Weask for speedy implementationof these strategies in order toaccelerate the achievement ofthe Sustainable DevelopmentGoals (SGDs) as well as theAgenda 2063.

We applaud the recent insti-tutional reforms initiated,including the adoption of anew business developmentand delivery model designedto improve institutional effec-tiveness, grow the revenue

base and strengthen the fieldoffices for greater delivery onthe ground. We urge the Bank

Group to strive towards grea-ter cost efficiency.

We note that the continent'semployment challenge remainsacute. In this respect, we wel-come the Bank Group’s Jobsfor Youth Initiative, which isintended to improve the livingconditions of people while pro-viding the requisite humancapital to tackle Africa’s deve-lopment challenges.

We encourage the BankGroup to continue to addressfragility in Africa in all itsforms and to help pave the wayfor a more resilient and inclu-sive development trajectory forthe continent. We call on theBank Group to further promoteand support private sectorinvestment opportunities incountries in fragile and conflictsituations. We also ask for

strong commitment to achieveconcrete, measurable impact,while learning lessons andworking to better understandthe drivers of conflict.

We recognize the threatposed by climate change toAfrica’s sustainable develop-ment. We are, therefore, plea-sed with the active role playedby the Bank Group, includingsupporting the African groupof negotiators, in the negotia-tions leading to the landmarkclimate agreement reached atCOP21 in Paris in December2015. We look forward to theBank Group’s support in asimilar fashion for COP22 inNovember this year inMarrakech, Morocco.

The next Annual Meetingsare scheduled for May, 2017 inAhmedabad, India.

Follow the stories, photos and videos as they are posted on www.afdb.org and www.afdb.org/amEnd the day with an AmEn – the Annual Meetings Electronic News, highlights and hyperlinks emailed directly to you

Annual meetings communiqué (extracts)


Annual Meetings ‘Asides’n°05 - fridAy mAy 27, 2016

in this issue

Sundry imAgES P.2

TwEET of THE dAy P.2

THE HigH 5s P.3#5 - improve the quality of life for the people of Africa

THE BAnk & ZAmBiA P.4Transport

THE AfricAn dEvEloPmEnT fund, Adf P.5Education

THE wAy wE wErE P.6The 2000s

President’s closing remarks (extracts)

Everyone in this room is impatient forchange, and everyone in this room isan agent of change. And the agents

of change have an agenda for change, andthat agenda is called the High 5s.

On Wednesday, we asked our Board ofGovernors to vote and choose which - forthem - is the Highest of the High 5s.

The first High 5 – ‘to light up and powerAfrica’ – got over 50% of the votes, while theother four all took some 10% each.

It was also clear that all of the High 5s areinterlinked; and that the integration of Africa– the fourth of the High 5s – cuts across themall, along with the golden threads of develop-ment: the role of women, the role of youngpeople, the role of good governance.

The theme for our Meetings has been‘energy and climate change’ – the threats, andalso the opportunities.

The vast reserves of untapped renewableenergy; the vast reserves of untapped domes-

tic resources which can meet our every finan-cial need.

We had frank exchanges on the combinationof principle and pragmatism that will allow fora blend of renewable and non-renewableenergy, and we all agreed that the imperative– whatever energy we use – is growth anddevelopment.

This, ladies and gentlemen, is the trajectoryof growth – for a Bank and for a continent.

I was asked in a BBC television interviewyesterday what I most wanted to achieve infive years, and I said without hesitation that Iwanted to end the embarrassment of Africa’senergy poverty, and supply the energy thatwill unleash the full potential of this conti-nent.

So I say ‘thank you’ in Bemba and Tonga andNyanja, that’s Natotela and Ndalumba andDzikomo.

And I say a simple Namaste India in Hindi.

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AnnuAl mEETingS ‘ASidES’ n°05 fridAy mAy 27 2016


Sundry images, 27/05/16

Regrettably, some delegates showed a noticeable lack

of interest in the Annual Meetings

Closing ceremony

The friendly faces of our Zambian hosts and hostesses

Closing press conference

Closing press conference

Tweet of the day #AfdBAm2016

“ Les énergies renouvelables, une question de paix sécurité et alimentation#AfDBAM2016.” Ségolène Royal - @RoyalSegolene

The week that saw Africa Day, 25 May

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AccESS To SociAl& EconomicoPPorTuniTiES

creating 80 millionjobs by 2025

Building critical skills

improving access to water & sanitation

Strengthening healthsystems

Despite the encouraging economicdevelopment enjoyed by manyAfrican countries during the last

decade, many of them are stillcharacterized by widespread povertyand inequality. Health and educationoutcomes are among the lowest in theworld and the continent’s population hasinsufficient access to sanitation and safedrinking water.

Weak institutions make it difficult,especially in fragile economies, to dealwith calamities such as the recentEbolacrisis or the serious drought thatis impacting several countries in 2016.unemployment and underemploymentof youth and women endanger socialcohesion and inclusive development.These coupled with the mixed effects oflimited access to quality education,health, nutrition, technology andinnovation are impediments toaccelerating Africa’s growth and entryinto higher value-added areas ofproduction and competitiveness. Failureto tackle these issues could deprive awhole generation of Africans theopportunities to develop their potential,escape poverty and support thecontinent’s trajectory toward inclusivegrowth and economic transformation.

The objective of this priority is toensure that Africa’s demographicgrowth yields significant economicdividends and contributes to inclusivegrowth. This will be done through acatalytic approach where the Bank willcontinue investing in infrastructure andin improving access to basic servicessuch as water and sanitation. The Bankwill also continue its work promoting anenabling human development policy

environment as well as strengtheninginstitutions that deliver basic services,particularly in health systems incountries most vulnerable to epidemics,such as Ebola and Cholera.

Central to this initiative will be anemphasis on job creation, for which theBank has prepared a Jobs for Youth inAfrica (JfYA) strategy. The strategy isdesigned to increase direct and indirectemployment, resulting in reducedpoverty, inequality, and economic andconflict driven migration, and increasedsocial cohesion and political stability. Toaccomplish these goal, the strategy aimsto increase inclusive employment andentrepreneurship, strengthen humancapital, and create durable labor marketlinkages by making use of threestrategic levers: Innovation, Investment,and Integration.

Through Innovation, the Bank willcreate new flagship programs inagriculture, industrialization and ICT aswell as an innovation lab that will test,assess, and scale promising solutions toaccelerate job creation in Africa.Through Investment, the Bank willundertake interventions to catalyzeprivate sector investment by expandingaccess to capital through direct andindirect debt and equity investments andreducing risks by providing guaranteesand first-loss provisions for banks’lending to SMEs, especially those ownedor managed by youth. ThroughIntegration, the Bank will equip itselfand RMCs to become engines for jobcreation. Bank projects, staff, andsystems will be reoriented to addressyouth employment and the Bank willprovide financial support to enableRMCs to pursue policies and regulatoryactions favorable to youth employmentand entrepreneurship.

The objective of the JfYA strategy is tocreate 25 million jobs and train 32million young people, impacting 50million African’s over the next decade.The initiative hopes to generate uS $30billion in income gains for the Africaneconomy. To successfully implement theJfYA program, uS $5 billion in resourceswill need to be mobilized.(1)

(1) As part of JfYA, within the agriculture,the Bank, working with IITA, ischampioning the Youth Engagement inAgribusiness through the EmpoweringNovel Agribusiness-Led Employment forYouth in African Agriculture (ENABLE

Youth) Programme. An estimated uS $1billion is projected to be used to supportenterprise and job creation for youthsand women in at least 25 African

countries under the Programme. Thetarget of the program is to create about8 million agribusiness jobs in the next 5years.

IMPROvE THE quALITY OF LIFE FOR THE PEOPLE OF AFRICA

“we aim to create vocational

and employment schemes for the youth –

so that they do notundertake the perilous

journey across the mediterranean

to Europe – through such schemes

as the ‘Jobs for Africa’syouth’ initiative.”

AfdB President,Akinwumi Adesina

To achieve the target specified

for improving the quality of life

for the people of Africa,

an annual average of approximately uSd 1.3 billion will be required between 2016

and 2020

“Africa, the continent which needs to create 11 million jobs every year, and which – scandalously – only creates 3 million.

And yet the continent with the youngest and potentially the most dynamic workforce

in the world.”

The High 5 agenda – five priority actions for the African Development Bank and for Africa – is the AfDB’s channel for focusing and scaling up its 2013-2022 Ten Year Strategy, to bring about the social and economictransformation of Africa. The High 5s are designed to deliver the twin objectives of the Ten Year Strategy:inclusive growth that is shared by all; and the gradual transition to green growth.

The High 5s

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description

In March 2014, 18 female studentsgraduated, from the College ofScience and Technology (CoST) of

the university of Rwanda (uR), theformer Kigali Institute of Science andTechnology (KIST).

The 18 students were among the first190 female recipients of AfDB’s support -ed Science and Technology, SkillsDevelopment Project.

until 1994, the building used to be amilitary academy, located at the heart ofthe capital city. It was then transformedinto an international school of sciences.Today, it ranks among the top 100universities on the continent. CoST isequipped with modern tools oftechnology, including a 28 million dollarfacility with a lab under AfDB’s support -ed Education III project, which wascomple ted in 2009. The establish ment ofCoST with its Faculty of Architectureand Environmental Design (FAED) andthe Carnegie Mellon university (CMu)Kigali Campus (also known as theRegional ICT Center of Excellence)reflect Rwanda’s stated aim ofproducing a generation of specializedand skilled mid and high-leveltechnicians in the area of architectureand environmental design capable of

taking on the challenges of the 21stcentury, thus meeting the country’sambition for inclusive and green growth.

The African development fundThe African Development Fund is a great instrument of hope. It makes concessional loans to poorer Africancountries. In over 40 years it has granted and loaned over $40 billion in almost 40 countries. In 2016, it is going through its 14th Replenishment.

Sector – Education

3.3 MILLIONPeople benefited from access to eletcricity

46.1 MILLIONBenefited from imrpoved agricultural practices

2.1 MILLIONWomen benefited from access to education

10.2 MILLIONBenefitted from micro-finance initiatives

64 MILLIONPeople benefited from better access to education

13.5 MILLIONPeople benefited from new or improved access to water and sanitation

49.2 MILLIONPeople benefited from improved access to transport

16 COUNTRIESBenefited from improved transparencyand accountability services

Adf, 2008-2013

rwanda - Program in support of the Education Sector Strategic Plan

Testimonies

description

In March 2014, 18 female studentsgraduated, from the College ofScience and Technology (CoST) of

the university of Rwanda (uR), theformer Kigali Institute of Science andTechnology (KIST).

The Gambia is undergoing a smallmonetary revolution. The small WestAfrican nation has reached a milestonein radically changing its paymentsystems and banking infrastructure.Now most financial transactions arefaster and safer whether for big businessor the man in the street. It was all part ofa wide reaching $28.17million projectsupported by the African DevelopmentBank (AfDB). The wider aim is toimprove the West African MonetaryZone region’s financial sector basicinfrastructure by upgrading the paymentsystems of four countries in the zone:The Gambia, Guinea, Sierra Leone, andLiberia.

The west African monetary Zone (wAmZ) Payments Systemdevelopment Project

Testimonies

Sinyan Ergan heads up theBanjul Breweries Limitedcompany. Like manybusiness people she’sdelighted with the bankingreforms. “Our big suppliers

like the electricity company, we pay them big, hugeamounts. The petroleum companies, we consume a lot ofgasoil, as well the sugar because sugar is the only localcomponent that we buy locally here. So those bills arehuge, so using the RTGS facilitates the payment and it’sfaster…”

Communication managerkaralang Jaiteh confidentlysays “Manual transactions gowith errors. This projectmeans this will be thing ofthe past… there is no roomfor error, any error…”

Solange uwera, aged 24 is studying environmentalchemistry at the Faculty of Architecture andEnvironmental Design. Both the FAED and CoST arepositively supporting access for women to the scientificand technical programmes at higher education levels.Solange is a firm believer that women have a major role toplay in Rwanda’s future, “It’s so important because if youcompare the percentage of the population in Rwanda,many are women, but if you go to high ranking institutions,colleges, there are few girls who join the higher rankinginstitutions”.

24-year-old kenneth nkusi is fascinated by art andarchitecture, and at FAED, you can combine both. Thearchitecture and environmental design student says, “I seeit as a challenge like if we are a developing country and wehave little money to afford these materials that can beused for fancy buildings, how, in other words, an architectcan explore available local materials and using technologycan produce something that has quality and functional andis also sustainable”.

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The Bank and ZambiaThe Bank has supported Zambia since 1971, to the tune of over uSD 1 billion. It walks alongside Zambia onthe country’s journey of development.

Better roads for a better life

one of the AfdB’s‘High 5’ priorities is‘integrating africa’,which seeks to integrate tradeacross the region bydeveloping andmaking use of thetrade corridors

African trade currentlyrepresents only 2% ofglobal trade while intra-

African trade only repre sents12% in comparison to Europe’s60% and Asia’s 35%. Regionalinte gration is critical to boostingeconomic growth in Africa.

Zambia is a landlocked count -ry and the only way to open itup for business with its neigh -bours is to ensure the strategicdevelopment of the transportcorridor so that Zambia can linkwith other countries and ports.Enhancing régional and na tion -al infrastructure, is key to thistransformation.

Since 2010, the Bank hassupported major interventions inZambia to include both nation aland multinational pro jects.

One notable example is theKazungula Bridge Project. TheKazungula Bridge Project is ajoint venture between thegovernments of Zambia andBotswana.

The Kazungula Bridge Projectis estimated to cost uSD 229million, which will be co-financed by the JapaneseDeve lop ment Agency JICA,which are providing loans toboth Zambia and Botswana, andAfDB, which are providingfinance to Zambia only. The twoGovernments are set to providecounterpart funding.

The bridge’s primary objectiveis to improve the infrastructureat Kazungula to reduce transittime at the border and contri -bute to the overall efficien cy ofthe corridor. The one-stop bord -er post will streamline customsprocedures so vehi cles can movefreely across, and there will be arail component that will allowtrains to cross the bridge andmove freely between the twocountries to facilitate trade.

The corridor is the busiest ofthe régional corridors of theSADC region linking landlockedcountries to the port of Durban,which is a regional hub forexport and import, and criticalto regional economies.

To facilitate bridgeworks, the

Bank had to resettle communi -ties that were on the designatedland. This has led to the Bankbuilding a modern village toresettle the affected people. Indoing this, the Bank has alsoupgrade the quality of life of thevillages through improv ed

sanita ry facilities and newlyconstructed homes.

The Kazungula Bridge Projectis only one of the Bank’s activeportfolios on infrastructuredevelopment to help grow theZambian economy through inte -grated trade.

infographics corner

“we wait for up to seven days to get across. we hope that with the coming of the bridge

we won’t wait for more than 24 hours”

oscar m. chitambala, Truck driver

The Kazungula Bridge Project, is being carried out withpartial financial assistance from the African DevelopmentBank and is set to open up the transport corridor between

Zambia and Botswana.The primary objective of the project is to improve the

infrastructure at Kazungula to reduce transit time betweenborders. The project will facilitate increased trade activity, andimprove the integration of the Zambia and Botswana economies,as well as their global competitiveness.

The Kazungula Bridge Project is a multi-national project in theNorth-South Corridor, and is part of an infrastructureimprovement programme that covers the whole corridor. Theproject includes a bridge linking Botswana and Zambia over theZambezi River to replace the existing ferry, and a one-stopborder facility at Kazungula.

This corridor is the busiest of all regional corridors in theSADC region, linking landlocked countries to the port of Durban,the regional hub for export and import. The corridor will mostlybenefit businesses engaged in the mining, agriculture andservice sectors.

The project, totalling uSD 229.62 million is cofinanced by theJapanese Development Agency JICA, in the form of loans to bothZambia and Botswana. The Bank finances Zambia only. The twogovernments each provide counterpart financing.

improving links between Zambia and Botswana

The Kazungula bridge project is being carried out with partialfinancial assistance from the African Development Bank, in the form of grants to the governments of Zambia and Botswana

ANIMATING & QUANTIFYING OUR WORKAROUND AFRICA

2000

2001

2003

2004

2005

2011

2010

2008

2009

2012

2013

2014

The United Nations adopt the Millennium Development Goals

Omar Kabbaj re-elected for a second termFirst Bank projects in urban development

First Annual Meetings outside Africa in Valencia, Spain

Bank temporarily relocated to Tunisia because of growingpolitical instability in Côte d’Ivoire

Bank loans/grants: US$ 2 691.5 million

Donald Kaberuka (Rwanda) elected 7th President.

Kaberuka pushed for far-reaching decentralization of Bank operations to enhance product and service delivery, donor harmonization and policy dialogue.

President Kaberuka, together with the African Union and the Economic Commission for Africa, was tasked to alleviate the serious credit, investment and growth constraints that the international "nancial crisis was imposing on the continent.

International "nancial crisis

Bank loans/grants: US$ 11.8 billion

Donald Kaberuka re-elected for a second term

6th Global Capital Increase of US$ 64 billion

Africa population reaches 1 billion

AfDB develops short term and long term measures for crisis-resilient growth in North Africa

“Arab Spring”

Establishment of Regional Resource Centers in South Africa & KenyaBank wins two US Treasury Development Impact Awards(projects in Uganda & Cote d’Ivoire)

Bank approved Ten Year Strategy (2013-2022) with the objectives of promoting inclusive growth and the transition to green growth.

ADF-XIII Replenishment of US$ 7.3 billion (to 2016)

AfDB celebrates its return to Abidjan, Côte d’Ivoire, after 11 years

Members: 80Sta#: 1900 Number of operations (since 1967): 4185Bank loans/grants (2014) US$ 6.5 billion

AFRICA1,136 million peopleUS$ 2,476.9 billion GDP

Nigeria

Côte d’Ivoire

Ethiopia

Uganda

Burkina Faso

Mozambique

Senegal

Tanzania

Morocco

Rwanda

Donald Kaberuka (Rwanda) President, 2005-2015

At the helm

2000 Abidjan, Côte d'Ivoire

2001 Valencia, Spain

2002 Addis Ababa, Ethiopia

2003 Addis Ababa, Ethiopia

2004 Kampala, Uganda

2005 Abuja, Nigeria

2006 Ouagadougou, Burkina Faso

2007 Shanghai, China

2008 Maputo, Mozambique

2009 Dakar, Senegal

2010 Abidjan, Côte d'lvoire

2011 Lisbon, Portugal

2012 Arusha, Tanzanie

2013 Marrakech, Morocco

2014 Kigali, Rwanda

2015 Abidjan, Côte d’Ivoire

where we met

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Produced by African development Bank group - www.afdb.org - [email protected] - #AfdBAm2016

The 2000s

The way we were

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