News & Events
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
24/10/2013 - “Africa needs to change its development trajectory in order in order to win its fight against both poverty and climate change,” said the African Development Bank (AfDB) Vice President Aly Abou-Sabaa at the opening session of the Third Annual “Conference on Climate Change and Development in Africa” (CCDA-III) that took place from 21-23 October 2013 in Addis Ababa, Ethiopia.
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.
10/10/2013 - One of the success stories of Africa today is the socio-economic turnaround of a number of countries over the past decade, including Ethiopia, according to a recent African Development Bank publication entitled “AfDB and Ethiopia - Partnering for Inclusive Growth”.
19/09/2013 - Omar Guelleh, President of Djibouti, stated “This (project) is to reduce significantly the cost of the energy bill that weighs as much on the competitiveness of our economy as on the living standards of our households.”
19/09/2013 - Within the current global energy crisis, interconnecting the regional electric energy networks is the best alternative to transfer expensive thermal generation into regional as well as international power markets.
17/09/2013 - The signing ceremony for the Declaration of Intent for the Joint Initiative on Youth Employment in Africa (JYEIA) took place on September 12, 2013 at the Headquarters of the African Union Commission (AUC) in Addis Ababa. The Initiative is a response by the AUC, African Development Bank, United Nations Economic Commission for Africa and the International Labour Organization to the call by African Heads of State and Government, at their Summit in Malabo, Republic of Equatorial Guinea, held in July 2011, to tackle more decisively the youth employment challenge in Africa
28/08/2013 - The African Development Bank (AfDB) and the Government of Djibouti on Monday, August 26, signed the funding agreements, totalling US $7.5 million, for a geothermal exploration project in the region of Lake Assal.
21/08/2013 - “What will it take for African exports to move up the global value chain?” This is the question that African Development Bank President Donald Kaberuka posed to delegates and African Trade Ministers attending a session that he chaired on regional integration through trade facilitation during the Trade Ministerial meeting at the 12th Africa Growth and Opportunity Act (AGOA) Forum.
05/08/2013 - The project addressed a looming water and sanitation crisis in the historic and touristic town of Harar and the surrounding four towns. The water availability and quality from Lake Alemaya, the previous water source, was threatened due to rising population, irrigation use and siltation. Water rationing was introduced and investors were reluctant to establish new commercial ventures. Livelihoods were lost and families spent scarce resources to buy water and treatment of waterborne illnesses.