annual meetings ‘asides’...2016/05/26 · tegy, approved by the board in 2014, acknowledges the...

“ a lot ofyoung

people arewaiting foropportunities tocome to them,instead of goingafter theopportunities.i make use ofwhatever i haveat the time. Young people should go for their dreamsdespite the challenges they face, because if they want to have an impact, they have to make the opportunity.”

“ this is a partnership of the willing. While weencourage more countries to join the

partnership to stop illicit finance flows, it isimportant forcurrent membersto finalize theirnational plans sothat we embarkon imple -mentation.”

“ this bank-sponsored

media trainingreally helped toenhance mycapabilities tocover climatechange.i appliedbecause i waseager toimprove my knowledge about the way africa is adapting to the impacts of extreme weather eventsin africa.”

“ governments should be part of the regime of powerpools. they should be involved in setting rules and

providing a level-playing field.”

“ it’s energy and it’s Civil society thatcan make the difference in africa.”

“ there’s amisguided

perception thatwomen are highrisk customers,but data showsthe opposite:worldwide, theirnon-performingloans are lowerthan those ofmen. affirmativeaction is neededin the area oflegal andregulatoryframeworks,because africantradition stands

in the way of most women owning property. that limitstheir access to finance, as they don’t have collateral. toavoid distortion in the finance sector, we need to avoidthe term ‘affirmative action’ and use a more inclusiveterm, like ‘diversification’.”

“ We need to link the rural youth and the urban youthbecause at the end of the day, the vision shared

today is what will determine the future. We also needstronginstitutionalsupport thatwill enable usto be trained tounderstand thatwe - youngpeople - are thesolution toeconomicdevelopment.”

“ nobodywants to be

poor. i grew outof poverty.Poverty is notpretty. don’t beafraid of wealth– rather, let’s beafraid of poverty.africa isimpatient forchange. therevolution, it’snot at theafricandevelopmentbank. therevolution is

right here, in terms of the ideas you all have. and so youare the ones that are really going to bring about therevolution. so let’s, together, light up and power africa,and give ourselves the opportunity to develop as acontinent with dignity.”

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

occasional quotes, 26/05/16


Annual Meetings ‘Asides’n°04 - ThurSday may 26, 2016

in this issue

Sundry imageS p.2

TweeT of The day p.2

The high 5s p.3#4 - integrate africa

The Bank & ZamBia p.4private Sector

The african developmenT fund, adf p.5water & Sanitation

The way we were p.6The 1990s

Kelvin Doe‘DJ Focus’, Sierra Leone

Marisa LagoAssistant Secretary for International

Markets and Development, US Treasury

Maureen OdiwuorReporter, The Standard, Kenya

Sahar NasrMinister of International Cooperation,

Egypt

Sobel Aziz Ngom, Executive Director,Social Change Factory, Senegal

Akinwumi AdesinaPresident, AfDB

Mthuli Ncube, Professor at OxfordUniversity, former AfDB Chief Economist

Mary RobinsonFormer President of Ireland

Words and images from the annual meetings, and a look at some of the issues behind them

2

annual meeTingS ‘aSideS’ n°04 ThurSday may 26 2016


Sundry images, 26/05/16

A ‘New Deal’?

Transitioning to Green Growth

Fun at the Fair

Suits & traditional dress

At your service

A full house

Nick Hurd, Under-Secretary of State

for International Development, UK

Tweet of the day #afdBam2016

“ accountability for energy. accountability for jobs. accountability foreverything." - @akin_adesina wraps up #Csoforumlusaka #afdbam2016”

Olivia Ndong Obiang & Alex Rugamba, press briefing on

“Energy & Climate Change”, Media Centre

3



a regional markeT

Building regionalinfrastructure

Boosting intra-africantrade & investment

facilitating movementof people acrossborders

africa’s regional integrationchallen ges are well known. intra-african trade is the lowest

globally – approximately 15 percentcompared to 54 percent in the northamerica free trade area, 70 percentwithin the european union and 60percent in asia. the continent’s difficultphysical landscape makes connectionbetween communities, countries, andeven entire regions challenging.

there is also very limited integrationof regional markets for infrastructureservices, particularly in power, energy,water and sanitation. this is furthercomplicated by weak regional economiccommunities (reCs) that lack capacityand are poorly structured to make oreven attract necessary regional invest -ments. this is especially signi ficant forfragile countries, as they stand the mostto gain from greater inte gration. manyof their governments have also notworked enough with the private sectorand others to develop and upgraderegional infrastructure; improve policiesfor industries that fit the productivecapabilities of countries in africa (forexample, in agriculture and foodsecurity); and fully implement protocols

of the reCs that governments havesigned.

in line with the tYs, the bank’s groupregional integration Policy and stra -tegy, approved by the board in 2014,acknowledges the opportunities pro -vided by regional integration in boostinginfrastructure, trade, indus trializationand the movement of people. as part ofits mandate, the bank group continuesto lead in several continental wideinitiatives targeting both “hard” and“soft” infrastructure (e.g. trade andservices facilitation policies and instru -ments). these initiatives are, amongothers: i) the Continental free tradearea, ii) CaadP, iii) Pida, and iv) theboosting intra-african trade agenda.

the integrate africa priority will bemainstreamed across the other high 5sand the bank will fast-track the regional

integration continental agenda for whichseveral of the agreed programs arealready in place. the bank will scale upits investments in infrastructuredevelop ment, as expressed in the Pidaprogram, for example through thedevelopment of regional power marketsand brokering and coordinating regionalinfrastructure projects. the bank willwork with other stakeholders to assist instrengthening reCs and national autho -rities to encourage and support regional‘soft’ infrastructure sector integration,cross-border investments, elimination ofnon-tariff trade barriers, the harmo -nization of investment and engineeringcodes, and quality assuran ce andcertification standards.

the bank will also work to deepenafrica’s financial system includingoperations to promote robust market-based monetary systems. the bank willcontinue to promote initiatives toimprove africa’s financial infrastructureincluding collateral registries, creditbureaus, credit ratings, and paymentand settlement systems, all of which arenecessary to foster financial stabilityand the successful operation of modernintegrated financial markets. helpingcountries lift market access barriers,formalizing women’s participation in

cross-border trade and other regionalinitiatives, and scaling up intra-africantrade, supporting regional agriculturalvalue chains, and promoting the

movement of people through changes inthe visa regime will all contributetowards increased productivity andeconomic activity.

integrate afriCa

“regional integration iscritical for expanding thesize of our markets. wemust integrate africa –

grow together, and deve-lop together. our collec-

tive destiny is tied tobreaking down the bar-

riers separating us.”

afdB president,akinwumi adesina

afdB to invest about uSd 3.5 billion per year from 2016

to develop high quality regional infrastructure

“africa, the continent that – scandalously – does only 15% of its business with itself.

and yet the continent which – with the right cross-border ‘hardware’ and, just as important,

the right legal and procedural ‘software’ for regional integration – could add 2 percentage

points to its gdp growth rate.”

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

Th

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context

the inadequate water supply andsanitation infrastructure in Cuam -ba and lichinga in northern

mozambique accounts for the majorityof incidences of water-borne diseasesand environmental degradation inniassa Province.

in order to address this situation, themozambican government requestedfinancial and technical assistance. the

african development bank’s responsewas to provide an african developmentfund loan of us $27.7 million torehabilitate and expand the water andsanitation infrastructure in both citiesfor the benefit of more than 250,000people. the project positively impactedmultiple areas such as health, quality oflife and local industry enhancing theattractiveness of the province. it hasdemonstrated complementarity amongdonors (World bank, Japan international

Cooperation agency (JiCa) and thenetherlands) in the urban water sectorwhere the afdb plays the role of the leaddonor partner.

objectives

to improve the access, quality,availability and sustainability of watersupply and sanitation services in Cuam -ba and lichinga, through:

1 Water supply and sanitation rehabili -tation and expansion of water supplysystems

2 rehabilitation/construction of sanita -tion infrastructure for schools andhealth centres

3 support for solid waste managementof the municipal councils

4 Community mobilization, hygieneeduca tion and environmental aware -ness creation

5 support to the water supply and sani -tation regulator to develop custom errelations and systems

impacts

- extended coverage from 10% to 70%of the population.

- improved quality of water, meetingWho quality guidelines.

- reduced time for fetching water,from average 1.5 hours/day in 2009to 0.5 hours/day.

- lower water losses (leaks, theft, etc.)from over 50% in 2009 to 25%.

- increased daily hours of water supplyfrom 1.5 hours/day in 2009 to 24hours per day.

- reduced incidences of diarrhea,dysentery and cholera by 30%,lowering high maternal maternityand infant mortality.

The african development fund

key facts

approval2009funding uS $30.8 million beneficiaries250,000 inhabitants

the 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 isgoing through its 14th replenishment.

water for a better life: niassa provincial town water supplyand sanitation project in mozambique

sector – Water & sanitation

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

Testimony maria Semoko46, housewiferesident of cuamba

“our situation is difficult. my sister and i fetch water 3times a day. Walking 2kilometres with more the 8litres is tiring... in onemonth’s time, we will havetapwater! our life will beeasier and our children willbe cleaner.”

adf, 2008-2013

5



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.

investing in the private

Sector to alleviate poverty

The private Sector

is central to the lives

of poor people and has

the power to make their

lives better, the afdb

has made private sector

development a priority

both to reduce poverty

and support sustainable

growth in africa

the government of Zambiarecognises that wealth creationthrough sustained economic

growth constitutes the most importantelement in poverty reduction and,consequently, a very high premium isbeing placed on growth-stimulatinginterventions; and empowering the poorto earn a décent living income. insupport of the government’s povertyreduction strategy, afdb’s private sectorenhancement programme aims to helpthe Zambian economy transform andprovide opportunities for growth, jobcreation, and wealth generation,through its different partnerships andoperations within the market. in Zambiathe bank has multiple initiatives to spurprivate sector development, throughfinancial systems, strengtheninginstitutions, and through the promotionof regional integration and trade.

in 2015, the bank approved operationsin excess of usd 50 million to financialinstitutions to provide lines of credit totheir clients. by providing line of Creditagreements to financial institutionsafdb is increasing access to finance tostimulate the growth of big trans-borderbusinesses and domestic companies thatare contributing to poverty alleviation byincreasing employment and creatingopportunities for local smes throughbusiness linkages. through thèseoperations afdb is unleashing the powerof Zambian entrepreneurs to reducepoverty in their communities, and thenation as a whole. afdb and firstrandbank (south africa) finalized a deal in2012, that would involve all nine of firstrand’s subsidiaries across africa with a

usd 300 million loan to provide termfinancing to its clients.

fnb, the Zambia subsidiary of first -rand bank, took on usd 43.9 million ofthe usd 300 million to provide finance toits eligible clients. “this partnership withafdb is also about us helping afdb meetits objectives of spurring develop ment,stimulating the economy and ultimatelyimproving the lives of people in africa,”said Johan maree, Ceo of fnb.

“Zambia is the first country to roll outthis project as part of this deal, the nextcountry will be nigeria, followed bytanzania”. the partnership in Zambiastarted in march 2015, with afdboutlining specific industries to which itwanted its financing to go, in order tohelp grow the economy, such as infra -structure, telecommunications, ener gy,and agriculture.

at the other end of the spectrum, theline of credit for madison finance wasusd 3 million to support its sme

portfolio. madison finance is a micro -finance institution (mfi) that coverseight of the provinces in Zambia.Currently it is one of the top three sme-focused mfis in Zambia, with 18% of itstotal loan portfolio going to smes. inaddition to offering loans ranging fromusd 3,000 to usd 80,000, madisonfinance has also expanded its smeproducts to meet the needs of itscustomers, with products such asleasing and invoice dis counting.

“the madison finance board ofdirectors had the vision for us to becomean sme bank by 2017, and so we listento our customers to identify whatproducts to create for them. and webelieve that our partnership with afdbwill grow this fund to even usd 6million,” stated titus n, Waithaka, mdfor madison finance.

“in fact i’ve even beenable to increase my

rentals by 25% becausepeople want to be where

there are toilets, and nowmy family and i have

moved out of ipusukilo.”Steven mundela –

moving up theSanitation ladder

“at the end of it all, this project has a filter down effect. sothe economy will grow, more people will be employed andhopefully it will create sustainable employment,” maree

adds. “for the economy to grow we need something that issustainable, and not just one-offs, and that’s the beauty of thisproject.” says maree “we’ve already started seeing the fruitsof this facility, because we started disbursing funds last yearand we’re already seeing business growth, which is the keyobjective. the growth is seeing either new jobs created directly,or through supporting the other businesses that are generatedto feed into the business, so there is trickle down through thisfunding. the facility also allows us to do more longer termfinancing for our clients, which previously we might not havebeen able to do,” says kapumpe chola kaunda, head ofcorporate and investment banking fnb states. “this fund fromafdb will not only help our business but also help us reachabout 20,000 smes. currently we’re only reaching about3,000,” says waithaka.

The impact of the workon the ground

the benefits of this approach are clear

infographics corner

ANIMATING & QUANTIFYING OUR WORKAROUND AFRICA

1990 Babacar N’Diaye re-elected for a second term.During the 1990s, the AfDB diversi�ed its mission and focusedon new challenges.

1991 First Bank projects in Micro-Finance

1992 Appointment of Bodour Abu-A!an (Sudan) as �rst woman Vice President First Bank projects in Environment sector

1994 Bank loans/grants: US$ 1.4 billion

1995 Omar Kabbaj (Morocco) elected 6th President. He established country teams, aligned the Bank’s interventions with the development priorities of the countries, improved the quality-at-entry of projects, and the monitoring and evaluation of projects.

South Africa and Botswana �rst African countries to contribute to ADF.Agriculture, private sector development and human capital development identi�ed as new strategic sectors for Bank lending.

1997

1999 Bank adopts new vision to promote economic growth with equity and poverty reduction as central goals. Bank resources to target four operational areas: agricultural and rural development; human resources development; private sector development; and good governance.

Bank loans/grants: US$ 1,638.6 million

Babacar Ndiaye President, 1985-1995

Omar Kabbaj (Morocco) President, 1995-2005

at the helm

where we met

Nigeria

Côte d’Ivoire

Senegal

Kenya

Egypt

1990 AbidjanCôte d'Ivoire

1991 AbidjanCôte d'Ivoire

1992 Dakar, Senegal

1993 Abidjan, Côte d'Ivoire

1994 Nairobi, Kenya

1995 Abuja, Nigeria

1995 Abidjan, Côte d'Ivoire (Extraordinary meeting of the Board of Governors)




1999 Cairo, Egypt

6



produced by african development Bank group - www.afdb.org - [email protected] - #afdBam2016

The 1990s

The way we were

annual meetings ‘asides’...2016/05/26 · tegy, approved by the board in 2014, acknowledges the...

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