News & Events
01/04/2013 - At their meeting in Durban, the BRICS group put forward the proposal establishing a Development Bank under their auspices. This initiative was hailed by Donald Kaberuka, President of the AfDB. A grand premiere in Africa, this decision was taken at the meeting held on the 26 and 27 March 2013. The continent welcomed the annual meeting of the BRICS group held in Durban made up of Brazil, India, China, Russia and South Africa joining these countries in April 2011.
Categories: South Africa, Russia, Brazil, India, China, Economic & Financial Governance
26/03/2013 - The African Development Bank (AfDB) Group approved, on March 25, 2013, a grant amounting to US $3.04 million to finance the Kholombidzo Hydroelectric Power Plant (HPP) Feasibility Studies in Malawi. The Government of Malawi will contribute US $0.23 million (7%) of the total study cost of US $3.27 million.
Categories: Malawi, Energy & Power, Infrastructure
26/03/2013 - The new world order comes to Durban this week – for the fifth BRICS Summit, and the first in Africa. Dilma Rousseff, Vladimir Putin, Manmohan Singh, Xi Jinping and Jacob Zuma represent a changing world, as gravity and power gradually shift from North to South, and West to East. Between them, they preside over nearly half of the world’s population, and nearly a quarter of its GDP.
Categories: South Africa, China, Brazil, India, Russia, Programme for Infrastructure Development in Africa (PIDA), Infrastructure
14/03/2013 - The African Development Bank (AfDB) Group approved, on March 13, 2013, grants and loans amounting to US $73 million to finance irrigation and road rehabilitation projects in Malawi.
Categories: Malawi, Infrastructure, Transport, Water Supply & Sanitation
13/03/2013 - The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia, Malawi, Morocco, Mozambique, Namibia, Nigeria, Ghana, Rwanda, Republic of Congo, Senegal, South Africa, South Sudan, Tanzania, Tunisia, Zambia and Zimbabwe
Categories: Tunisia, Morocco, Algeria, Cameroon, Congo, Democratic Republic of Congo, Zimbabwe, Zambia, Mozambique, Angola, Rwanda, Ethiopia, Senegal, Nigeria, Cape Verde, Côte d’Ivoire, Malawi, Namibia, Ghana, South Sudan, South Africa, Tanzania, Economic & Financial Governance
07/03/2013 - Funded by the African Water Facility (AWF) to the amount of US $3 million, the project designed to rehabilitate the water supply and sewerage systems in Chitungwiza will be handed over today to the Municipality of Chitungwiza, following the completion of the construction works.
Categories: Zimbabwe, Water Supply & Sanitation, African Water Facility, Health, Human and Social Development
04/03/2013 - Studies on banking competition in developing countries, and especially in Africa, are sparse. This 2013 study, published by the Chief Economist Complex of the African Development Bank, evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by financial reforms, entry of new foreign banks and privatization of the state-owned bank. Competition is measured using the Panzar-Rosse H-statistic and the Lerner index from 1998-2011. To our knowledge, estimation of the time varying bank-specific Lerner index provides the first-ever documented empirical evidence on the evolution of competition in the Zambian industry.
Categories: Zambia, Economic & Financial Governance
- From: 27/02/2013
- To: 28/02/2013
- Location: Maputo, Mozambique
The African Development Bank, in collaboration with the Government of Mozambique, is organizing a high-level policy seminar on the theme “Managing Revenues and Optimizing the Benefits of Coal and Gas Resources in Mozambique” in Maputo from February 27-28, 2013. This seminar takes place against the backdrop of Mozambique’s recent experience in a boom in extractive industries which are expected to accelerate in the coming years as recent discoveries have confirmed coal and gas reserves estimated at 25 billion tons and between 50 and 70 trillion cubic feet, respectively. Seismic activities in the discovery areas of gas, in the Rovuma off-shore basin, suggest that possible gas reserves could actually exceed 120 trillion cubic feet.
Categories: Mozambique, Extractive Industries Transparency Initiative
25/02/2013 - Stakeholders across Mozambique gathered in a consultation on the country’s developing Green Growth Action Plan (GGAP) in December 2012. The African Development Bank (AfDB) team lead the work to support the Government. Participants in the consultations involved representatives from Government, private sector, civil society, development partners and academia in full-day presentation and discussion events in the three regions of the country: north, centre and south.
Categories: Mozambique, Climate Change, Climate Investment Funds (CIF), Green Growth Initiative
19/02/2013 - The African Development Bank (AfDB) has launched an ambitious program to significantly improve data management and dissemination in Africa. The ultimate goal of the program is to facilitate wider public access to official statistics and to support countries in their efforts to improve data quality and dissemination for better policy formulation, monitoring and evaluation. The program was launched in November 2012 as part of the Bank’s broader statistical capacity building program in Africa.
Categories: Cape Verde, Democratic Republic of Congo, Congo, Cameroon, Malawi, Mozambique, Namibia, Rwanda, Tanzania, Tunisia, South Sudan, Zimbabwe, Zambia, Infrastructure, Information & Communication Technology, Human and Social Development
