June 23, 2014
Guinea: AfDB Supports Economic and Financial Reforms in Guinea With Over 19 Million Dollars
On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved funding of 12 million Units of Account (approximately 19 million dollars) for the Republic… Read more »
June 20, 2014
West Africa: AfDB, Ecowas and West African Parliamentarians Urge for Getting "Value for Money" in Social Services
Parliamentarians from the fifteen members of the Economic Community of West African States (ECOWAS) gathered in Lagos on 19 June for a two-day Capacity-building event to engage… Read more »
June 17, 2014
Nigeria: AfDB Approves USD 300 million Loan to Boost Fuel Supply and Fertilizer Production in Nigeria
The Board of Directors of the African Development Bank (AfDB) approved on 13 June 2014 a loan of USD 300 million to Dangote Industries Limited for the construction and operation of… Read more »
June 16, 2014
Africa: Dakar Financing Summit for Infrastructure Recommends That Africa Relies On Itself
President Donald Kaberuka of the African Development Bank (AfDB) participated on 15 June 2014 in Dakar, Senegal, in a summit on financing infrastructure in Africa. Entitled… Read more »
June 14, 2014
Africa: AfDB and the African Union Support African Infrastructure During Dakar Financing Summit
The African Development Bank (AfDB) will play a key role in a summit on financing infrastructure in Africa, to be held in Dakar, Senegal, on June 14 and 15, 2014. Entitled… Read more »
June 10, 2014
Benin: AfDB Supports Benin to Mobilise Resources for the 2014-2018 Investment Programme
On June 9, 2014, the President of Benin, Thomas Boni Yayi, paid a working visit to the African Development Bank (AfDB) in Tunis, where he met AfDB President Donald Kaberuka and… Read more »
May 22, 2014
Senegal: AfDB Announces a 60 Billion CFA Francs Loan to Fund Water and Sanitation Project in Senegal
On 22 May 2014, the African Development Bank (AfDB) announced a loan of 60 billion CFA francs (approximately US $127 million) to Senegal for a water and sanitation project. The aim… Read more »
May 29, 2014
Senegal: AfDB Approves Road Rehabilitation Project for Kaolack Groundnut Basin Region in Senegal
The Board of Executive Directors of the African Development Bank Group (AfDB) approved on 28 May, 2014 a Transport Sector Support Project for Senegal for the amount of UA 23.77… Read more »
May 27, 2014
Sierra Leone: Sierra Leone, AfDB Provides U.S. $10 Million Grant for Public Financial Management
The African Development Bank Group and the Government of Sierra Leone have committed to good governance and to tackling corruption, with a view to building a stronger economy. This… Read more »
May 21, 2014
Cote d'Ivoire: AfDB's Return to Abidjan in 2014 On Track
The return of the African Development Bank (AfDB) to its headquarters in Abidjan is on track, its President, Donald Kaberuka, said on May 21 during his presentation of the 2013… Read more »
May 23, 2014
Mauritania: AfDB Funding Emergency Humanitarian Relief for Flood Victims
"The AfDB is a preferential partner of Mauritania. It has funded various projects in the country and helped to improve socio-economic conditions for the Mauritanian population,"… Read more »
Nigeria: Exim Bank of India and Nigeria Sign Us $100 Million Loan for Energy Development
The Export-Import Bank of India (Exim Bank) and Nigeria signed a US $100-million line of credit agreement on May 22, for the financing of three energy projects in the provision of… Read more »
May 22, 2014
Africa: Senegal President Macky Sall Fronts Intra-Africa Trade as a Solution to Unemployment
Senegal's President, Macky Sall, called on African states to increase the volume and value of trade amongst each other in order to address the surging challenge of unemployment… Read more »
West Africa: Capacity Building for Ecowas Parliamentarians On Accountability in Social Sectors
On average 40-60% of public expenditure goes to social spending in Africa, which calls for improved governance, and voice and accountability in social spending. In order to foster… Read more »
May 07, 2014
Nigeria: AfDB in Solidarity With the Nigerian Community On the Case of the Chibok Girls
"To be educated means... I will not only be able to help myself, but also my family, my country, my people. The benefits will be many." - Meda Wagtole, schoolgirl, Ethiopia Read more »
April 24, 2014
Senegal: AfDB Approves 18.74 Billion CFA francs for Senegal's Water and Sanitation Sector Project
Senegal will receive a combined African Development Fund loan and grant amounting to 18.74 billion CFA francs approved by the Fund's Board on Wednesday, April 23, 2014 in Tunis, to… Read more »
Cape Verde: Cape Verde's New Country Strategy Paper Targets Infrastructure for Inclusive Growth
Applauding Cape Verde's graduation to middle income status, the Board of Directors of the African Development Bank Group (AfDB) on Wednesday, April 23, 2014 approved a new Country… Read more »
April 18, 2014
Gambia: AfDB Board Approves Us $8.2-Million Senior Loan for Medical Clinic in the Gambia
The Board of Directors of the African Development Bank approved on Wednesday, April 16, 2014 in Tunis, a US $8.2 million loan to The Gambia's Horizons Clinic. The Horizons Clinic… Read more »
April 08, 2014
Africa: State Becomes Largest Economy in Africa With U.S.$509.9 Billion GDP
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Read more »
Nigeria: Nigeria Becomes Largest Economy in Africa With $590.9 Billion GDP
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the… Read more »
March 28, 2014
Senegal: AfDB Injects 2.5 Billion CFA Francs Into a Support Project for the Virtual University of Senegal
The African Development Bank (AfDB) Group and the Government of Senegal signed a loan agreement on March 27, 2014 in Dakar for 3.38 million Units of Account (around 2.5 billion CFA… Read more »
Nigeria: AfDB Board Approves US$ 205 Million Urban Water Supply and Sanitation Project for Nigeria
The Board of Directors of the African Development Bank, on 26th March 2014, approved a US$ 205 million Urban Water Sector Reform and Port-Harcourt Water Supply and Sanitation… Read more »
Nigeria: AfDB Approves US$ 125 Million Line of Credit to Zenith Bank for On-lending to SMEs
The African Development Bank (AfDB) has approved a US$ 125-million Line of Credit (LOC) to Zenith Bank PLC (Zenith) for on-lending to Small and Medium-sized Enterprises (SMEs) in… Read more »
March 27, 2014
West Africa: ECOWAS Countries Move Forward on SE4All Initiative
The Economic Community of West African States (ECOWAS) Center for Renewable Energy and Energy Efficiency (ECREEE) convened representatives of the 15 ECOWAS countries for a kick-off… Read more »
March 13, 2014
Senegal: Senegal Is Satisfied With the Volume of the AfDB Project Portfolio but Appeals for Faster Audits
The overall situation of the portfolio of projects initiated by the African Development Bank (AfDB) Group in Senegal has greatly improved, the nation's Minister of Economy and… Read more »