May 25, 2009
Africa: AfDB Group Approves U.S.$ 36 Million for Road Projects in Malawi
Designed to improve transport services, the project will promote economic growth and poverty reduction through a coordinated transport environment that fosters safe and competitive… Read more »
May 22, 2009
Africa: Liberia's Finance Minister Eyes Even More Productive Engagements With AfDB
Liberia's Finance Minister, Augustine K. Ngafuan, has expressed a strong desire for his country to engage the African Development Bank in a more productive way. Read more »
Africa: Bringing About a Common African Platform
Two of the MDG goals -- economic growth and poverty reduction - recall two critical situations: the financial crisis and the environmental situation. Read more »
Africa: U.S.D 1bn Global Benchmark 3.000 Percent Issue Due 27 May 2014
The African Development Bank, rated Aaa/AAA/AAA (Moody's/S&P/Fitch), has successfully priced a USD 1 billion Global benchmark issue due 27 May 2014 through DAIWA, GOLDMAN SACHS… Read more »
Africa: AfDB Web Site Wins Three Prizes
The External relations and Communications Unit (ERCU) is pleased to announce that the AfDB web site has just won three awards. These awards have been granted based on the site's… Read more »
May 20, 2009
Africa: Water Development-Afdb Signs Grant Agreement With Guinea Bissau
Guinea Bissau, May 16th, 2009 - The Bank Group's Vice President for Infrastructure was in Guinea Bissau on Saturday, May 16th, 2009, for the signing ceremony of the Grant Agreement… Read more »
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 15, 2009
Africa: AfDB and Sierra Leone Sign U.S.$ 15 Million Grant Agreement for Economic Governance Reform Programme
The agreement was signed on Thursday in Dakar, Senegal, by Vice President Zeinab El-Bakri for the AfDB Group and Sierra Leone's Finance and Economic Development Minster, Samura… Read more »
May 14, 2009
Africa: AfDB Will Strive to Meet Africa's Expectations - President Kaberuka
Two days of brainstorming on major economic issues facing Africa have ended, in Dakar, Senegal, where the Board of Governors of the African Development Bank (AfDB) Group approved… Read more »
Africa: AfDB Posts U.S $ 469 Million Net Operational Income in 2008
The Board of Governors of the African Development Bank Group approved the financial statement of the institution for 2008, during the 2009 Annual Meetings held on 13 and 14 May… Read more »
Africa: AfDB Draws Curtain On 2009 Annual Meetings - Côte d'Ivoire Scheduled to Host 2010 Annual Meetings
The Annual Meetings of the African Development Bank (AfDB) Group ended on Thursday, May 14, 2009, in Dakar, Senegal, after two days of intensive discussions on pressing economic… Read more »
Africa: Côte d'Ivoire Scheduled to Host 2010 Annual Meetings
The Annual Meetings of the African Development Bank (AfDB) Group ended on Thursday, May 14, 2009, in Dakar, Senegal, after two days of intensive discussion on pressing economic and… Read more »
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: Africa Commission Report - A Global Partnership to Boost Economic Development
The Africa Commission report was launched by the Danish Cooperation and Development Minister, Ulla Toernaes. The minister said the report was the outcome of a collective endeavor… Read more »
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 »
