June 15, 2009
Africa: AfDB and Kenya Sign Loan Agreements
The AfDB and Kenya have signed loan agreements on the Farm Infrastructure and Rural Livelihoods Restoration Project and the Mombasa-Nairobi Transmission Line Project. Read more »
June 10, 2009
Africa: AfDB: Kenya-Launching of the 2009 African Economic Outlook
The Minister for Planning, National Development and Vision 2030, Mr. Wycliffe Oparanya launched the African Economic Outlook in Nairobi on 4th June 2009. During the launch, the… Read more »
East Africa: AfDB President Attends Comesa's Summit
Bank Group President, Donald Kaberuka, attended the 13th Summit of the Common Market for Eastern and Southern Africa (COMESA) which was held in Victoria Falls, Zimbabwe, from June… Read more »
June 02, 2009
Africa: AfDB Approves Emergency Humanitarian Aid Grant
The African Development Bank (AfDB) Group on Tuesday, June 2, 2008, approved an emergency humanitarian aid grant of US$1 million to finance repair work on the Bas Mangoky irrigated… Read more »
May 20, 2009
Africa: Third African Ministerial Conference On Financing for Development Addresses
The Third African Ministerial Conference on Financing for Development begins on May 21 and concludes on May 22, 2009 in Kigali, Rwanda. Funded by the AfDB, DFID and UNECA and… Read more »
May 12, 2009
Africa: Uganda and AfDB Sign U.S.$ 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: 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 »
May 07, 2009
Africa: U.S.$ 45 Million ADF Budget Support Grant for Poverty Reduction Programm
The overall goal of the PRSSP III approved by the ADF Board on Wednesday in Tunis is to contribute to economic growth and poverty reduction in Rwanda in line with the strategic… Read more »
Africa: Mombasa-Nairobi Electricity Transmission - Approval of $ 75 Million ADB Loan
The Board of Directors of the African Development Fund on Wednesday in Tunis approved a loan of 50 million Units of Accounts, equivalent to US$ 75 million, to finance the… Read more »
May 06, 2009
Kenya: Invest Kshs 174.8 Million (U.S.$ 2.2 Million) to Promote Entrepreneurship and Economic Growth in Kenya
K-Rep is distinct from other commercial banks or financial institutions, because of its social mission of providing financial services to low income and poor urban and rural people… Read more »
Africa: AfDB Group Approves Over U.S .$235 Million for Five Operations in Sierra Leone, Kenya, DRC and Rwanda
The Boards approved 10 million Units of Account (UA*), equivalent to US$ 15 million, from the AfDB/ADF grant under the Supplemental Support Window of the Fragile States Facility… Read more »
April 30, 2009
Africa: Kenya Secures U.S. $22 Million to Restore Farm Infrastructure and Rural Livelihoods
The project's objective is to restore agricultural production and livelihoods for 19,000 farm households displaced by the Post-Election Conflict (PEV) in the districts of Molo and… Read more »
April 06, 2009
Africa: AfDB Approves U.S.$ 2 Million Emergency Humanitarian Assistance to Djibouti, Mozambique, Togo and Zambia
Djibouti will use the assistance to provide food and other support to 55,000 drought victims in five districts (Arta, Ali Sabieh, Dikhil, Tadjourah and Obock.) as well as 6,000… Read more »
March 25, 2009
Africa: AfDB Supports Butare-Kitabi-Ntendezi Road Project
The objective of the project is to open up the rural areas to increase sub-regional trade. Specifically, The Butare-Kitabi-Ntendezi Road Project aims at facilitating the movement… Read more »
March 18, 2009
Africa: Donor Round-Table on Tanzania-Rwanda-Burundi Railway Project Ends on Positive Note in Tunis
A donor round-table on the Tanzania-Rwanda-Burundi railway project that started on Monday, March 16, 2009, ended on Tuesday in Tunis, Tunisia, on a positive note as the project was… Read more »
Africa: Round-Table on Tanzania-Rwanda-Burundi Railway Project Continues
A round-table on the Tanzania-Rwanda-Burundi Railway project that started on Monday, March 16, 2009, continued on Tuesday in Tunis with deliberations split in three sessions. Read more »
March 17, 2009
Africa: AfDB, Rwanda and Burundi Sign Draft Agreement on Road and Electricity Projects
The Bank Group on Monday, March 16, 2009, in Tunis signed a loan agreement of Units of Account (UA) 100 million for the Nyamitanga-Ruhwa-Ntendezi-Mwittyazo multinational road… Read more »
March 13, 2009
Africa: AfDB and Rwanda Sign Grant Agreements for Skills and Enterprise Development
The agreements were signed by Rwanda's Finance Minister, James Musoni, and the Bank Group's Field Office Resident Representative, Jacob Diko Mukete. Read more »
March 11, 2009
Africa: Committee of Ten Meeting Opens in Dar Es Salaam
Delegates were expected to draft a common African position on the global and financial crisis to be presented to the G20 Summit to be held in London in April. The delegates were… Read more »
February 23, 2009
Kenya: Bank Group and Kenya Sign UA 42 Million Loan Agreements
The Bank Group and Kenya on February 18, 2009, signed two loan agreements worth UA 42 Million for the Community Empowerment and Institutional Support Project (CEISP) and the… Read more »
January 28, 2009
Africa: AfDB Plays Key Role at Africa Infrastructure Day Hosted by African Union Commission
The African Development Bank (AfDB) on Wednesday played a lead role in events at the Africa Infrastructure Day hosted by the African Union Commission at headquarters in Addis… Read more »
December 16, 2008
Africa: U.S.$78 Million ADF Loan for an Electricity Transmission Project
The African Development Bank (AfDB) Group has approved an African Development Fund (ADF) loan of UA52.51 million, equivalent to U.S.$78.13 million, to finance a key electricity… Read more »
November 27, 2008
Africa: The AfDB Supports Reforms in Burundi
The African Development Bank (AfDB) Group Board of Directors has approved a Grant of 14 million Units of Account (UA)*, equivalent to US$ 20.8 million, to help finance Burundi's… Read more »
Africa: AfDB and Tanzania Join Forces for Accountability and Transparency in Public Finance Management
A new loan to reduce poverty through more transparency and accountability in the management of public funds was signed on Wednesday, 26 November 2008, in Dar es Salaam, between the… Read more »
November 26, 2008
Africa: Bank Group Grants U.S.$84 Million to Uganda for Education IV Project
The Board of Directors of the African Development Fund (ADF), the borrowing arm of the African Development Bank (AfDB) Group, has approved a UA 52 million loan, equivalent to US$… Read more »
