News & Events

02/02/2012 - Lack of political will is slowing down implementation of vital regional infrastructure projects in Africa, the president of the African Development Bank has said. Addressing the opening of the 18th African Union Summit in the Ethiopian capital, Addis Ababa, earlier this week, Dr Donald Kaberuka said the lack of inter-country cooperation, rather than funding, was often the main barrier to the launch and completion of critical regional infrastructure projects in Africa. This, he said, had a negative impact on the growth of the intra-African trade. ‘Boosting Intra-African Trade’ was the theme of the summit.

Categories: Ethiopia, Infrastructure, Programme for Infrastructure Development in Africa (PIDA), President's Corner

19/12/2011 - The Board of Directors of the African Development Bank (AfDB) Group approved, on 16 December, funding of USD 107.4 million for the construction of the Trans-Gambia Bridge and Cross Border Improvement Project. The financing package, which is being extended through the African Development Fund (ADF), the African Development Bank Group’s concessionary lending window, comprises an outright grant of USD 102.3 million and ADF concessionary resources of USD 5.1 million.

Categories: Gambia, Infrastructure, Transport, President's Corner

29/11/2011 - La Banque africaine de développement (BAD) et la République du Togo ont signé, ce mardi 29 novembre 2011, deux protocoles d’accord portant sur un montant global de plus de 81 milliards de Francs CFA. Le vice-président de la BAD en charge des opérations sectorielles, Kamal El Kheshen, et le ministre togolais de l’Economie et des finances, Adji Otèth Ayassor, ont signé les accords, respectivement pour la BAD et pour le Togo.

Categories: Togo, Benin, Infrastructure

25/11/2011 - The Members of the Infrastructure Consortium for Africa (ICA) held their meeting at the Sheraton Hotel in Tunis on 22 and 23 November 2011.

Categories: Tunisia, Infrastructure

25/11/2011 - Africa’s development agenda will remain a high priority, even as Mexico takes over the chair of the Group of Twenty (G20) finance ministers and central bank governors from France from 1 December 2011. Speaking to the Board of Directors of the African Development Bank (AfDB) in Tunis on 23 November, Rémy Rioux of the French Ministry of Economy Finance and Industry, and the Vice Sherpa of France in the G20 Development Working Group, told the executive directors that G20 discussions, consultations and the action plan for global economic stability will “advance Africa’s development priorities, especially on the infrastructure side.”

Categories: Mexico, France, Tunisia, Infrastructure, Financial Crisis, Board of Directors

23/11/2011 - The Board of Directors of the African Development Bank (AfDB) has approved on 16 November a €5 million equity investment in a private equity fund which will invest in key sectors with regional expansion potential in French-speaking West Africa.

Categories: Burkina Faso, Benin, Côte d’Ivoire, Guinea, Mali, Niger, Senegal, Togo, Information & Communication Technology, Infrastructure, Private Sector Development

23/11/2011 - An Ethiopia-Kenya hydropower interconnection project may be the first to benefit from work beginning conducted by the African Development Bank (AfDB), through the African Carbon Support Programme (ACSP), to develop a new Clean Development Mechanism (CDM) methodology that would make interstate electricity connection eligible for CDM revenue.

Categories: Kenya, Ethiopia, Energy & Power, Infrastructure, Climate Change, Climate Investment Funds (CIF), African Carbon Support Program

11/11/2011 - The upgrading of a 112-km road to an all-weather standard approved by the African Development Bank Group will boost economic activities and promote poverty reduction in Ethiopia. An estimated 1.3 million people residing along the Bedele-Metu road corridor will benefit from the project.

Categories: Ethiopia, Infrastructure

11/11/2011 - Agriculture has been identified as a priority sector for economic growth and poverty reduction in the Democratic Republic of Congo. To this effect, a grant for a Rural Infrastructure Development Support Project approved on 11 November 2011 in Tunis by the Board of Directors of the African Development Bank (AfDB) Group, will enhance the government’s effort to improve food security and poverty reduction.

Categories: Democratic Republic of Congo, Infrastructure, Poverty Reduction