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21/11/2014 - At the semi-annual Climate Investment Funds (CIF) governing body meetings in Washington, DC this week, countries unanimously signaled their commitment to the CIF mandate going forward, and opened the door for African low-income countries to move forward with new plans for green energy services, resilience to climate impacts, and better managing crucial forests.

Categories: United States of America, Climate Change, Energy & Power, Environment, Climate Investment Funds (CIF)

20/11/2014 - On November 20, the President of the African Development Bank (AfDB) said, “Since Africa is the region with the second highest growth rate in the world, the deficit in terms of infrastructure is significant. We therefore need to focus our efforts on developing the three I's: Integration, to work towards a single market; Institutions, to promote confidence and stability; and Infrastructure, to reduce the deficit and ensure the competitiveness of 'African economies.'

Categories: Côte d’Ivoire, Partnerships, Regional Integration, Infrastructure, Economic & Financial Governance

20/11/2014 - The African Development Bank Group (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) held high-level discussions in Abidjan on Thursday, November 20 with a view to addressing challenges faced by Africa’s smallholder farmers.

Categories: Côte d’Ivoire, Environment, Agriculture & Agro-industries, Private Sector

20/11/2014 - The African Development Bank’s NEPAD Regional Integration and Trade Department (ONRI), has published the Energy Sector Capacity Building Diagnostic and Needs Assessment Study.

This report focuses on addressing the “soft infrastructure” challenges that hamper the efficient operation and financial performance of the energy sector in Africa. Such soft infrastructure issues include legal and regulatory reforms, energy sector restructuring (as partly envisaged in countries like Angola, Kenya and Tanzania), power planning and support for enhanced regional power trade.

Categories: Energy & Power, NEPAD, NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), Infrastructure

20/11/2014 - The African Development Bank (AfDB) has signed a Grant Agreement with the Alliance Forum Development Programme (Zambia) Limited, for the advancement of microfinance in the Common Market for Eastern and Southern Africa (COMESA) region. The grant is designed to organize the microfinance capacity building training for Central Bank Officers of COMESA Member countries.

Categories: Zambia, Economic & Financial Governance

20/11/2014 - The Board of Directors of the African Development Bank has approved a US $74.47-million loan to finance the first phase of Rwanda’s Transport Sector Support Project. The project involves upgrading the Base-Rukomo road along the Base-Gicumbi-Rukomo-Nyagatare axis.

Categories: Rwanda, Transport, Infrastructure

19/11/2014 - The African Development Bank Group’s (AfDB) Board of Executive Directors approved on Wednesday, November 19 the new Regional Integration Policy and Strategy (RIPoS) for the period 2014-2023, with focus on creating larger, more attractive markets, linking landlocked countries to international markets and supporting intra-African trade to foster the continent’s development.

Categories: Infrastructure, Regional Integration, Economic & Financial Governance

19/11/2014 - The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of US $133 million to the Republic of Kenya to increase electricity access for low-income populations, especially those in rural areas. Specifically, the funds will finance the Last Mile Connectivity Project that aims to maximise the use of the Kenya Power and Lighting Company’s (KPLC) 35,000 existing distribution transformers spread across the country. The total project cost is estimated at US $147 million, with the Government of Kenya contributing the remaining US $14 million.

Categories: Kenya, Energy & Power, Human Capital Development, Climate Change

19/11/2014 - The African Water Facility (AWF) announced on Wednesday, November 19 that it has offered a €3-million grant to the Republic of Somalia to support a project designed to build resilience to climate change and reduce water stress in Somaliland. The project is expected to improve the management of water resources and attract investments to build water infrastructure and improve water services. Around 3.5 million rural and urban people stand to benefit from the project, as well as 2 million nomadic pastoralists.

Categories: Somalia, Water Supply & Sanitation, African Water Facility

19/11/2014 - The African Development Bank (AfDB) participated to the 6th International Financial Institutions Career Fair from November 10-11, 2014 in Seoul, Republic of Korea. The event was being organized and hosted by the Korean Ministry of Strategy and Finance (MOSF), cooperation with the multilateral development banks (MDBs) namely, AfDB, Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), International Monetary Fund (IMF), World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Green Climate Fund (GCF).

Categories: Korea, Employment, Partnerships

Kichere Mwita - Tanzania 23/10/2014 17:30
AfDB is highly inspired by many Africans for well done jobs of supporting African countries to achieve its greatest potential development. You and me should be proud of having AfDB. We should offer support and be ready to defend it for the benefits of present and future generations.

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