May 14, 2009
Africa: AfDB Earned U.S.$ 73 Million Net Income, Approved U.S.$ 5.4 Billion for Operations in 2008
Income before distribution approved by the Board of Governors amounted to UA 304.661 million, while allocable income for 2008 amounted to UA 266.656 million compared to UA297.789… Read more »
Africa: The Independent Review Mechanism Enhances AfDB Operations
Apart from operating as a regional development bank, the African Development Bank (AfDB) Group has put in place mechanisms that assist the institution to effectively execute its… Read more »
May 13, 2009
Africa: Interview With Kalidou Gadio, AfDB General Counsel - African Legal Support Facility
"The rationale for creating the African Legal Support Facility stems from the fact that the AfDB and African Ministers of Finance in various fori wanted to assist Heavily Indebted… Read more »
Africa: African Leaders Urge Greater Commitment to Economic Development
The Annual Meeting of the African Development Bank (AfDB) Group opened on Wednesday, May 13, 2009, in Dakar, Senegal. The meetings, which are being held on the theme: "Africa and… Read more »
Africa: The Bank is Highly Rated "Triple A" Institution
The Bank Group held a meeting with Fitch Rating Agency representatives to assess Bank Group in terms Capital Adequacy, Portfolio quality, liquidity position and ability to respond… Read more »
Africa: AfDB Pledges Support for Natural Resource Charter
The African Development Bank (AfDB) Group's Chief Economist, Louis Kasekende, has said that the Natural Resource Charter - a set of economic principles for governments and civil… Read more »
Africa: Signing Ceremony Between the African Development Bank and the Intercontinental Bank PLC of Nigeria for a Line of Credit of U.S.$ 100 Million
The LoC will be used for medium to long-term financing of SMEs in manufacturing, services, and natural-resource projects across Nigeria. These projects will ultimately enhance… Read more »
Africa: Interview With the Development Bank of Central African States (BDEAC) President
"It will be nice to make the great job being done by the AfDB to re-launch the economy know," says the Development Bank of Central African States (BDEAC) President, Anicet-Georges… Read more »
Africa: AfDB: Enabling Africa Cope With the Global Financial Crisis
Organized on the theme: Africa and the Financial Crisis: An Agenda for Action", the two-day event was formally declared open by Senegalese President Abdoulaye Wade in the presence… Read more »
Africa: The African Finance Partnership Set to Promote Investments in Africa
The African Financing Partnership (AFP) says it is adopting the collaborative co-financing platform to facilitate cost-effective preparations of African projects for financing by… Read more »
Africa: Making Africa's Power Sector Attractive to Private Investment Now
African finance officials, power project developers and representatives from global financial institutions agreed that in the current economic environment it was more important… Read more »
May 12, 2009
Africa: Sustaining Infrastructure Investments Will Lead to Rapid Resolution of Crisis, Says President Kaberuka
A rapid resolution of the current financial crisis will be possible if, among other things, investments in infrastructure are accelerated, the African Development Bank (AfDB) Group… Read more »
Africa: High Level Panels Address Major Issues of Concern for Africa
Dakar, May 12, 2009 - As part of the activities taking place before the Annual Meetings, the AfDB is holding high levels panels addressing major issues of the day for Africa. Below… Read more »
Africa: Uganda and AfDB Sign U.S.$ 197 Million Funding Agreements
The agreements for the African Development Fund loans were signed on Monday in Dakar, Senegal, by Vice Presidents Zeinab El-Bakri and Mandla Gantsho for the Bank, while Uganda's… Read more »
Africa: AfDB Conference Guests Get a Taste of Senegalese Folklore
Some 100 foreign dignitaries, AfDB staff, Executive Directors, Vice Presidents, representatives of top law firms in Africa and Europe, and special invitees gathered at the seaside… Read more »
Africa: AfDB and Morocco Sign Loan and Grant Agreements
The AfDB and Morocco on Friday, May 8, 2009, in Rabat, signed two loan agreements, one guarantee agreement and one grant agreement for three different operations in education,… Read more »
Africa: Kenya-AfDB to Facilitate 300 Million Euro Loan for Kenyan Power Project
The loan, which represents 70 percent of the project cost, will be sourced from development finance institutions (DFI) and commercial sources. AfDB is the Mandated Lead Arranger… Read more »
Africa: MDBS Pledge U.S.$15 Billion to Promote Trade and Strengthen Financial Sector
The African Development Bank (AfDB) Group and six other prominent Multilateral Development Banks (MDBs) have pledged to provide US$15 billion to promote trade and strengthen the… Read more »
Africa: AfDB and Member Countries Ready to Tackle Vulture Funds
The African Development Bank (AfDB) and 29 Regional Member Countries (RMCs) have, so far, signed an agreement to establish The African Legal Support Facility (ALSF), which will… Read more »
May 11, 2009
Africa: Award of Public Contracts-the Need to Train African Consultants
The strategic role of public contracts in performance enhancement and development effectiveness was revisited yesterday by a panel of experts. Read more »
May 12, 2009
Africa: At Least an Additional U.S.$15 Billion to Respond to Financial Crisis in Africa
International Financial and Development Institutions to Coordinate Response through African Financing Partnership Read more »
May 11, 2009
Africa: Former South African Minister Canvasses Adoption of Procurement Policy
Former South African Minister of Public Enterprises, Alexander Erwin, says the adoption of procurement policy by African countries will enhance the much desired growth and… Read more »
Africa: The African Development Bank Group to Launch the African Legal Support Facility
The African Development Bank (AfDB) has announced that the African Legal Support Facility (ALSF) will be launched at a Summit in Tunis in June, 2009. The announcement was made… Read more »
Africa: AfDB Group Posts Excellent Financial Results in 2008
A financial presentation made by Bank Group's Treasurer, Pierre Van Peteghem, on Monday in Dakar, indicated the extent to which the institution's prudent financial management and… Read more »
Africa: Joint IFI/DFI Action Plan for Africa
At Least an Additional US$15 Billion to Respond to Financial Crisis in Africa International Financial and Development Institutions to Coordinate Response through African Financing… Read more »
