News & Events
27/10/2014 - On 27th October 2014 the African Development Bank (AfDB) joins the United Nations Secretary General, Ban Ki-moon, the African Union, the World Bank, the European Union and Islamic Development Bank in a 4-day visit to the Horn of Africa. At the start of the visit in Addis Ababa, Ethiopia, the AfDB pledged a new $1.8 billion development assistance package for the next 3 years 2015-2017.
27/10/2014 - Leaders of global and regional institutions today begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the region, totaling more than $8 billion over the coming years
08/10/2014 - In a newly released report prepared in 2014 by the African Development Bank’s (AfDB) East Africa Regional Resource Center in Nairobi, Kenya, on the occasion of the Bank’s 50th anniversary, the AfDB describes how it is fulfilling its mandate in Eastern Africa as Africa’s own development bank. The report takes stock of the socio-economic situation today; highlights the Bank’s successes; describes new strategies and instruments; and identifies key challenges the region is likely to face in the next decades.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Infrastructure, Climate Change, Private Sector, Gender, Poverty Reduction, Regional Integration, Structural Transformation
06/11/2013 - On average 40-60% of public expenditure goes to education, health and other types of social spending in Africa, which calls for improved governance, voice and accountability in social service delivery. Large inefficiencies in the use of resources in education and health have a negative impact on human capital, with drastic consequences for inclusive economic growth. In an environment of declining aid, achieving greater value for each dollar invested is critical.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Economic & Financial Governance, Education, Health, Civil Society, Human Capital Development
11/07/2013 - The African Development Bank’s Open Data Platform is now operational for the entire African continent. This follows the completion in July 2013 of the last phase of the project for the following 14 African countries: Benin, Comoros, Côte d’Ivoire, Djibouti, Equatorial Guinea, Eritrea, The Gambia, Guinea-Bissau, Liberia, Kenya, São Tomé and Príncipe, Sierra Leone, Swaziland, and Togo.
16/12/2011 - The African Development Bank’s Group Board of Directors approved an African Development Fund (ADF) grant of USD 19.2 million to Eritrea on November 30, 2011 to improve equitable access, quality and relevance of technical, vocational education and training. The project will be financed jointly by an ADF grant of USD 18.65 million and an Eritrean Government’s contribution of USD 2.06 million.
25/11/2011 - Successful implementation of Poverty Reduction Strategy Papers (PRSPs) and National Development Plans (NDPs) depends on effective resource mobilisation and utilisation.
28/05/2010 - Abidjan, le 27 mai 2010- La BAD a octroyé jeudi 27 mai 2010 un don d’une valeur de 12,9 millions USD au gouvernement de l’Etat de l’Erythrée, au terme de la signature d’une convention de subvention pour appuyer le développement des ressources humaines du pays dans le secteur de l’enseignement supérieur.
29/04/2010 - The Board of Directors of the African Development Fund (ADF) on Wednesday, 28 April 2010 approved a ADF grant of UA 12.9 million* (equivalent to USD 20 million) to support a higher education development project in Eritrea. The project is aimed at scaling up human resources development in order to further enhance economic growth programmes and reduce poverty in the country. The project will specifically contribute to building capacity for teaching, research and service in the country’s higher education institutions.
12/11/2009 - The current global financial crisis that originated in the collapse in the market for sub-prime mortgages in the United States in 2007 initially did not hit Africa directly. The crisis also had little impact on the Sub-Saharan African (SSA) financial systems because the finan