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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.

Categories: Madagascar, Mauritius, Seychelles, Kenya, Tanzania, Uganda, Rwanda, Zambia, Malawi, Botswana, Namibia, Mozambique, Democratic Republic of Congo, Ethiopia, Angola, Private Sector


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”.

Categories: Ethiopia, Regional Integration, Economic & Financial Governance, Infrastructure, Partnerships, Water Supply & Sanitation, ADF, Civil Society


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.”

Categories: Djibouti, Ethiopia, Energy & Power, Infrastructure, ADF, Regional Integration


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.

Categories: Ethiopia, Kenya, Energy & Power, Infrastructure, Regional Integration, ADF


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

Categories: Ethiopia, Guinea-Bissau, Burkina Faso, Senegal, Youth, Economic & Financial Governance, Human Capital Development, Civil Society, Employment


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.

Categories: Djibouti, Ethiopia, Energy & Power, Economic & Financial Governance, Sustainable Energy Fund for Africa, Private Sector, Regional Integration


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.

Categories: Ethiopia, Regional Integration, Agriculture & Agro-industries, Economic & Financial Governance


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.

Categories: Ethiopia, Water Supply & Sanitation, ADF


03/07/2013 - The African Development Bank (AfDB) will, as part of its support for U.S. President Barack Obama’s Power Africa initiative, deepen and expand its work in reforming the energy sector.

Categories: United States of America, Tanzania, Kenya, Ethiopia, Ghana, Liberia, Nigeria, Energy & Power, Partnerships, Private Sector, Power Africa Initiative, ADF


11/06/2013 - Converting Africa’s impressive economic performance over the past decade into greater gains on the Millennium Development Goals (MDGs) remains a primary challenge for Africa, according to a new report.

Categories: Benin, Egypt, Ethiopia, Gambia, Malawi, Rwanda, Economic & Financial Governance, Food Production, Health, Climate Change, Millennium Development Goals (MDGs), Regional Integration, Education, Poverty Reduction, Water Supply & Sanitation, Agriculture & Agro-industries



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