News & Events
28/11/2013 - With African Development Bank (AfDB) support, six African nations – Burkina Faso, Democratic Republic of Congo, Ghana, Kenya, Mali and Mozambique – made it through a global competition run by the Climate Investment Funds (CIF) to provide dedicated funding to engage the private sector in effective climate solutions. The seven project concepts endorsed for full project development in Africa focus on forests in Burkina Faso, DRC and Ghana, renewable energy in Kenya and Mali, and climate resilience in Mozambique.
28/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) met in Tunis on Wednesday, November 27, 2013 in Tunis, and approved US $161.92 million to finance the reinforcement of socio-economic infrastructure in the Central Region of the Democratic Republic of Congo.
Categories: Democratic Republic of Congo, Water Supply & Sanitation, Human Capital Development, Health, Infrastructure, Rural Water Supply & Sanitation Initiative, Education, Poverty Reduction, ADF, Fragile States Facility
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.
29/10/2013 - Monetary integration alone is not enough: it needs to be accompanied by economic integration, the Cameroonian economist Simon Yannick Fouda Ekobena declared on Monday, October 28 in Johannesburg during a session of the eighth African Economic Conference (AEC).
28/10/2013 - The African Development Bank Group approved on 24 October 2013 a US$ 16.58 million (UA 10.96 million) African Development Fund (ADF) grant resources to finance the Statistics and Public Finance Institutional Support Project in the Democratic Republic of Congo.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.
12/09/2013 - The Board of Directors of the African Development Bank (AfDB) Group on Wednesday, September 11, 2013 in Tunis approved a US $21.50-million Forest Investment Program (FIP) grant to finance climate change mitigation activities in the Democratic Republic of Congo.
30/08/2013 - The Democratic Republic of Congo (DRC) has won approval of a $21.5 million grant from the Climate Investment Funds (CIF) to jump-start sustainable management of its critically important forest sector to reduce greenhouse gas (GHG) emissions and strengthen forest governance.
14/08/2013 - The Congo River, one of the most powerful rivers in Africa, has very high hydropower potential that could contribute significantly to the needs of the continent. Currently, only the Inga site of the river is being harnessed for hydropower generation, with an installed capacity of only 1775 MW compared with Inga’s potential of 40,000 MW.
14/08/2013 - A key road and rail bridge crossing over the Zambezi River along the North – South Corridor, a key trade route linking the port of Durban in South Africa to the inland countries of Botswana, Zambia, Zimbabwe, Malawi, DRC, and up to Dar-es-Salaam in Tanzania.
Categories: South Africa, Botswana, Zambia, Zimbabwe, Malawi, Democratic Republic of Congo, Tanzania, ADF, Infrastructure, Transport, Regional Integration, Programme for Infrastructure Development in Africa (PIDA)