October 03, 2013
Africa: Red Cross Red Crescent and AfDB Enter Partnership On Food Security and Disaster Risk Reduction
The International Federation of Red Cross and Red Crescent Societies (IFRC) and the African Development Bank (AfDB) signed a Memorandum of Understanding (MoU) on Thursday, October… Read more »
Sudan: AfDB Grants U.S. $3.2 Million for Technical Assistance to Sudan for PRSP Preparation
On Thursday October 3, 2013, the African Development Bank (AfDB) and the Government of Sudan signed a Protocol of Agreement for Technical Assistance for the preparation of a full… Read more »
Africa: AfDB, Largest Financier of Clean Energy on the African Continent
Between 2011 and 2012, the African Development Bank (AfDB) increased by a staggering 92% its investment in clean energy in Africa, according to a new report by Bloomberg New Energy… Read more »
October 02, 2013
Africa: AfDB Invests U.S.$70 Million in PTA Bank to Boost Trade and Economic Growth in Africa
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2, a financial package consisting of US $20 million in additional equity and a US… Read more »
Sierra Leone: Sierra Leone Receives Support for Green Growth With New AfDB Report
Report explores challenges and opportunities of growth in a fragile state Read more »
Kenya: First ADF Partial Risk Guarantee Approved in Kenya for Largest African Wind Power Project
The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development… Read more »
October 01, 2013
Ghana: Ghana Set to Increase Community Engagement and Transform Its Forestry Sector
With African Development Bank (AfDB) support, Ghana has received $9.75 million approval from the Climate Investment Funds' (CIF) Forest Investment Program (FIP) to undertake the… Read more »
September 30, 2013
Africa: Public-Private Partnerships Promise a Bright Future for the African Pharmaceutical Industry
The African pharmaceutical sector is expected to grow tremendously in the coming years. The opportunity is such that public-private synergies are key to the development of the… Read more »
September 27, 2013
Africa: Participants Reaffirmed Their Commitment to Africa At ADF 13th Replenishment
Participants in the African Development Fund have reaffirmed their commitment to supporting Africa's continuing process of economic transformation, with a total replenishment… Read more »
Africa: Fundraising for Africa50 Infrastructure Fund
The African Development Bank and Made in Africa Foundation officially launched the fundraising for the Africa50 infrastructure fund on Thursday, September 26 at the NASDAQ Stock… Read more »
Zambia: Zambia Gets $38 Million Green Light to Increase Climate-Resilient Growth in the Kafue Sub-Basin
With African Development Bank (AfDB) support, Zambia has received approval for a $38 million infusion of support from the Climate Investment Funds' (CIF) Pilot Programme for… Read more »
September 26, 2013
Africa: Holding Excess Foreign Reserves Versus Infrastructure Finance
Financing infrastructure needs in Africa necessitates new thinking on financing mechanisms. Currently, there is a lively debate on the funding and use of foreign exchange (forex)… Read more »
Sierra Leone: AfDB Approves US $43.27 Million for Sierra Leone's Rural Water Supply and Sanitation Project
The Board of Directors of the African Development Bank (AfDB) Group met on Wednesday, September 18, 2013 in Tunis and approved US $43.27 million (UA 28.845 million) to finance… Read more »
Africa: AfDB Prices a New 5-Year Us Dollar Global Bond
This week, the African Development Bank priced a new USD 1 billion 5-year Global benchmark bond. This is AfDB's second fixed-rate USD transaction of the year after having issued a… Read more »
September 25, 2013
Africa: ADF-13 to Be Innovative, Focused and Strategic, says Bank President
The African Development Fund (ADF) and its donor-country partners opened on Wednesday, September 25 in Paris, the third and last round of the 13th replenishment of the ADF, the… Read more »
Africa: ADF 13 Replenishment
- AfDB President's Statement At the Opening Session Read more »
Africa: High Level Panel on Fragile States Calls for More Resources for AfDB
Fragility and post-conflict situations, a matter of great concern for development institutions including the African Development Bank (AfDB), were central to discussions at its… Read more »
September 24, 2013
Tunisia: Money Transfers From Tunisians Living Abroad - an Untapped Goldmine
According to Chedly Ayari, Governor of the Central Bank of Tunisia (BCT), "Migrants are development stakeholders in their own right." He reiterated this belief time and again at a… Read more »
Africa: African Leaders, Top Scholars Look at Regional Integration as Key to Africa's Continuing Growth
The eighth African Economic Conference will take place in Johannesburg, South Africa, from October 28-30, 2013 under the theme "Regional Integration in Africa". The conference is… Read more »
September 23, 2013
Africa: Sustainable Energy Fund for Africa Scales-Up Operations With USAID Support
The Board of the African Development Bank (AfDB) approved the conversion of the Sustainable Energy Fund for Africa (SEFA) - a bilateral trust fund established with funding from the… Read more »
September 20, 2013
Africa: The Board Reviews 2013 Mid-Term Capacity Building Report
The Mid-Year Review of the Bank Group Capacity Development Strategy approved on 13 January 2010 was submitted to the Board of Directors of the African Development Bank (AfDB)… Read more »
Sierra Leone: AfDB Board Approves Sierra Leone Country Strategy Paper 2013-2017
Executive Directors of the African Development Bank (AfDB) Group on Wednesday, 18 September 2013 in Tunis approved Sierra Leone's Country Strategy Paper (CSP) 2013-2017, which… Read more »
September 19, 2013
East Africa: Djibouti-Ethiopia Power Interconnection - Hydro-Powering East Africa
Omar Guelleh, President of Djibouti, stated "This (project) is to reduce significantly the cost of the energy bill that weighs as much on the competitiveness of our economy as on… Read more »
Nigeria: Nigeria Urban Transport Project - Abuja Facilitating Urban Mobility
The project consists of the development of a Bus Rapid Transport (BRT) system in Abuja. The AfDB Group will leverage funding from the Clean Technology Fund (CTF). The project will… Read more »
Africa: Ethiopia-Kenya Power Interconnection - Phases I and II - the Power of Regional Interconnection
Within the current global energy crisis, interconnecting the regional electric energy networks is the best alternative to transfer expensive thermal generation into regional as… Read more »