July 04, 2014
Africa: Nine Low-income African Countries Win Funding to Transform Renewable Energy Services
At the semi-annual Climate Investment Funds (CIF) governing body meetings held June 25-28 in Montego Bay, Jamaica, nine African nations were chosen to receive new funding and… Read more »
Africa: Africa Climate Change Fund Launches First Call for Proposals
Grants of US$ 250,000 or more for climate finance readiness activities in African countries Read more »
July 03, 2014
Africa: AfDB Pushes its Green Bonds - New Projects, Principles and Products
Green growth is a corporate priority of the Bank that it achieves through the financing of eligible climate change mitigation and adaptation projects. AfDB Green Bonds - rated… Read more »
July 02, 2014
Africa: AU, AfDB Sign Agreement for Improved Access to Rural Water Supply and Sanitation for Five Million People
Five million people in ten countries - eight of them fragile states - are set to benefit from an Africa-wide resource mobilization initiative aimed at improving their access to… Read more »
Africa: AU, AfDB Ink Agreement for Improved Access to Rural Water Supply and Sanitation for 5 Million People
The Government of Rwanda, spearheading an African Union-led initiative, and the African Development Bank Group (AfDB) have signed an agreement aimed at providing at least EUR 50… Read more »
Africa: SEFA and AREF Reach Out to Nordic Investors in Renewable Energy
The promotion of renewable energy in Africa was the focus of a seminar entitled Opportunity Africa: Sustainable Energy Investments held on June 24 and 25 in Copenhagen, Denmark. Read more »
July 01, 2014
Africa: African Leaders Call for Greater Role for Agriculture in Africa's Transformation, Commend AfDB's Africa50 Fund
African leaders have called for a greater role for Agriculture in Africa's transformation, echoing the strategic directions set by the African Development Bank in its 2013-2022 Ten… Read more »
June 30, 2014
Africa: Africa Shares Its Climate Knowledge At Climate Investment Funds Partnership Forum
At the recent Climate Investment Funds (CIF) Partnership Forum, held from 23-24 June in Montego Bay, Jamaica, the African Development Bank (AfDB) and representatives of other key… Read more »
Africa: AfDB and Nomura Announce Sales of Food Security Bond
The African Development Bank (AfDB), a leading multilateral development bank, rated Aaa/AAA/AAA, and Nomura, Asia's global investment bank, have finalized the terms of secondary… Read more »
Africa: AfDB Creates African Pilot Climate Technology and Finance Centre With GEF Support
The Board of the African Development Bank (AfDB) approved on June 27th the creation and management of a pilot Africa Climate Technology Finance Center and Network (ACTFCN) for a… Read more »
June 27, 2014
Central African Republic: Mission to Activate Resumption of African Development Bank Support
An African Development Bank (AFDB) delegation led by Sibry Tapsoba, Director of the Transition Support Department, will visit the Central African Republic from July 1-4 to resume… Read more »
June 26, 2014
Africa: Technical Cooperation - The United Kingdom to Provide AfDB With Additional Resources to Benefit Regional Member Countries
The Board of Directors of the African Development Bank (AfDB) has approved a Framework Technical Cooperation Agreement (FTCA) between the AfDB and the Government of the United… Read more »
Africa: "Investing in people is also AfDB's responsibility," Says Agnès Soucat, Director of Human Development Department
Africa is on a remarkable growth trajectory. Many analysts predict that the continent's economic growth will remain above five per cent for the foreseeable future. Yet, achieving… Read more »
June 25, 2014
Mauritius: AfDB Approves US$ 117 Million Loan for Mauritius Power Plant
The Board of Directors of the African Development Bank (AfDB) approved on 25 June, 2014 a US$ 116.7 million loan to the Mauritius Central Electricity Board (CEB), the state owned… Read more »
Africa: AfDB to Finance Its First Renewable Energy Independent Power Producer Project in South Africa
On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from… Read more »
June 24, 2014
Africa: At a Farewell Ceremony, Tunisia Prime Minister Said the African Development Bank Is a Partner of Choice
The Tunisian government, on June 23, 2014, hosted a farewell ceremony in honor of the African Development Bank (AfDB), as the institution is leaving the country after eleven years… Read more »
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 »
Burundi: AfDB Finances Construction of Two Hydropower Plants in Burundi
The Board of Directors of the African Development Bank Group (AfDB) approved on 23 June 2014 in Tunis a US$22 million grant from its Fragile States Facility for the Jiji and… Read more »
June 21, 2014
Tunisia: Tunisia Appreciative of AfDB for Its Crucial Role in the Transformation of Its Economy
At a ceremony held on 20 June 2014 in Tunis, the Tunisian Government expressed its appreciation of the African Development Bank (AfDB) for its crucial role in the transformation of… 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 19, 2014
Africa: The AfDB Supports Zep-Re's Business Expansion Plans
At its meeting in Tunis on 18 June 2014, the Board of Directors of the African Development Bank Group (AfDB) approved a request for an additional USD 4 million equity investment in… Read more »
Africa: AfDB Approves a New Strategy to Address Fragility and Build Resilience in Africa
The Board of Executive Directors of the African Development Bank Group (AfDB) approved on June 18, 2014 in Tunis the AfDB's new Strategy for "Addressing Fragility and Building… 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 »
Africa: African Development Fund Approves U.S. $46.2 Million for Post-Conflict Reintegration and Support Programme
The African Development Bank's (AfDB) Board of Executive Directors approved on Friday, June 13, 2014 in Tunis an African Development Fund (ADF) grant of US $46.2 million to support… Read more »