The African Development Bank's New Rice for Africa (NERICA) project received Development Impact Honors on Wednesday, July 23 from the US Treasury Department in an awards ceremony in Washington, DC. The NERICA Dissemination Project increased domestic production and food security in seven West African countries, namely Benin, Gambia, Ghana, Guinea, Nigeria, Mali and Sierra Leone.
The Board of Directors of the African Development Bank (AfDB) Group approved on June 26 a 7-year, non-sovereign guarantee, USD 75 million corporate loan to the Entreprise Tunisienne d'Activiés Pétrolières (ETAP), the Tunisian state-owned oil and gas exploration and production company, to finance part of the South Tunisian Gas Project (STGP)/ Nawara project.
African Development Bank President Donald Kaberuka made a strong case for the importance of tackling private investment impediments in the African infrastructure agenda during the joint AfDB, Organisation for Economic Co-operation and Development (OECD) and International Growth Center (IGC) event held on July 15, 2014 at the OECD headquarters in Paris.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook released at the African Development Bank Group's 2014 Annual Meeting.
At the first session of the African Development Bank (AfDB) Annual Meetings taking place in Kigali, representatives of the African Centre for Economic Transformation (ACET), an economic policy institute based in Ghana, presented their report entitled "Africa Transformation Report: Growth with Depth". More
AEO 2014 - African Countries Need to Tap Global Markets More Effectively to Strengthen Their Economies
Empowering people through investments in skills and technology needed to boost development By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group's Annual Meetings.
As Africa transforms under the leadership of the African Development Bank Group, its Chief Economist and Vice-President, Mthuli Ncube, looks at what could make a difference: visionary leadership and pragmatic approaches to policy-making.
African Transformation Report 2014
A preview to the 2014 African Transformation Report, by the African Center for Economic Transformation.
The launch of the African Economic Outlook (AEO) Report 2014
The May 19 launch of the African Economic Outlook (AEO) Report 2014 is meant to share findings of this premier collaborative flagship publication by the AfDB, OECD Development Centre and the United Nations Development Programme (UNDP).
African governments must show more commitment to the conservation of their water resources in order to protect and preserve their contribution to future generations. The remarks were made on Monday, May 19 by the co-Chair of the Global Ocean Commission, Trevor Manuel, during the African Development Bank (AfDB) Annual Meetings in Kigali, Rwanda.
Kicking off the first day of the Annual Meetings was "Tracking Africa's Progress" on the challenges of establishing targets and making policies with insufficient or poor data. Over the years, many African countries have significantly scaled up their data collection efforts, but challenges remain with regard to the timely dissemination of the data to users.
Africa is at a critical juncture in its development trajectory. Economic changes in recent decades have shifted traditional power structures and witnessed the emergence of concepts that emphasize gender equality. It is acknowledged that across the continent, women play a pivotal role in agricultural production, rural economy, household-level nutrition and the reduction of rural poverty. Therefore, the promotion of African women and their access to finance plays a key role at the African Development Bank's Annual Meetings in Kigali.
Africa's Premier Development Bank Reflects On How Far It Has Come and Looks Ahead to the Next 50 Years
The African Development Bank's (AfDB) golden jubilee was formally kicked off in Tunis on Tuesday, April 22. The occasion of the Bank's 50th anniversary was acknowledged by invited speakers as a crucial moment for the institution to reflect on how far it has come since it was formed a half century ago, as it positions itself for the 50 years ahead.
Speech At the Launch of the 50th Anniversary Celebrations of the Bank Group By the AfDB President Donald Kaberuka
Your Excellencies, Friends, Ladies and Gentlemen. Good afternoon. This ceremony over which I am honoured to preside launches the process of celebrating our Golden Jubilee. The celebrations will take place across all our Field Offices and in Kigali during our Annual Meetings, and they will culminate in the main celebration in November at our Headquarters in Abidjan. Fifty years is a major milestone for an institution, as it is for an individual. More
Launch of the AfDB 50th Anniversary Celebrations
Overlooking the central Kumasi market at closing time in Kumasi, Ghana. Credit HREF http://www.worldbank.org/
The Congo River, one of the most powerful rivers in Africa, has very high hydropower potential that could contribute significantly to the needs of the continent. Read More»
British Prime Minister David Cameron has praised the African Development Bank (AfDB) and President Donald Kaberuka for pioneering initiatives to scale the continent's infrastructure development. Read More»
UN Secretary-General Ban Ki-moon, along with leaders of six multilateral financial institutions, have announced that they plan to strengthen inter-agency sharing and collaboration on issues related to data and statistical capacity building. Read More»
The African Development Bank has approved grants and loans amounting to U.S.$73 million to finance irrigation and road rehabilitation projects in Malawi. Read More»
The African Development Bank has launched Open Data Platforms for 20 African countries which will allow users to access a wide range of development data on African countries. More»
The African Development Bank's new Disclosure and Access to Information Policy, which is intended to enlarge public access to information, entered into effect on February 3, 2013. More»
Mr. Donald Kaberuka is the seventh elected African Development Bank Group (AfDB) President. He took the oath of office on September 1, 2005, in a ceremony at the institution's Temporary Relocation Agency in Tunis. He was born in Rwanda and educated in Tanzania and the United Kingdom where he obtained his M Phil (Econ) and a PhD in Economics from the University of Glasgow in Scotland. He speaks English, French and Swahili fluently.
Converting Africa's impressive economic performance over the past decade into greater gains on the Millennium Development Goals (MDGs) remains a primary challenge for Africa, according to a new report. Read More»
The African Virtual University (AVU) has established the largest distance and eLearning network in over 27 countries in Sub-Saharan Africa, and produced more than 40,000 graduates. Read more»
At the African Development Bank's new High Level Panel on Fragile States, President Sirleaf encouraged panel members to think outside the box. Read more»
Egypt stands to benefit from major investments in renewable energies with a strong emphasis on local job creation and economic growth. Research indicates that about four to six green jobs per megawatt (MW) of generation capacity can be created through local manufacturing alone. Read more»
With over 70 per cent of Zambians dependent on agriculture for their livelihoods, an increase in farm-level productivity would significantly affect income levels in the rural areas where poverty is estimated to be above 60 per cent. More»
The African Development Bank has approved two loans for a 157.5-kilometre road project from Arusha to Holili in Tanzania, and Taveta to Voi in Kenya, in an effort to reduce the cost of transport within the East Africa Community. More»
The 2015 deadline for the current Millennium Development Goals has led to a flurry of activities on what the post-2015 development agenda should look like. More»
With 140 million Africans living outside the continent, saving up to $53 billion in Africa each year, the potential for diaspora bonds is enormous. More»
The Horn of Africa, which comprises Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda, has an estimated combined population of 210 million people and is one of the world's most food-insecure regions. More»
The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency. More»
Strengthening Water Security in Africa
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