News & Events
22/10/2014 - The Board of Directors of the African Development Bank (AfDB) approved an USD 12.7 million African Development Fund partial risk guarantee (ADF PRG) for the 105 MW Menengai Independent Power Producers project. The global Menengai project will exploit a portion of Kenya’s geothermal potential to provide power to about 500,000 households and 300,000 businesses.
17/10/2014 - The Board of Directors of the African Development Bank Group on Wednesday, October 15 in Abidjan approved a US $40-million 10-year Line of Credit (LoC) for a pipeline of projects covering various economic sectors (agro/food, infrastructure, manufacturing, education sectors) in the East African Community (EAC) countries of Kenya, Rwanda, Tanzania and Uganda. The projects aim to promote economic growth.
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
03/10/2014 - The Board of Directors of the African Development Bank Group (AfDB) on Friday, October 3 approved loans amounting to US $98.22 million to finance the first phase of East Africa’s Centres of Excellence for Skills and Tertiary Education in Biomedical Sciences programme in Kenya, Rwanda, Uganda and Tanzania.
30/09/2014 - The African Development Bank (AfDB) has released the first-ever Green Growth Framework that will function as a foundational reference document for its future work on green growth.
19/08/2014 - The African Water Facility(AWF), with the support of the African Development Bank’s (AfDB) East Africa Regional Resource Center, brought together more than 40 project managers from over 15 English-speaking African countries to participate in a five day project management training in Nairobi from August 4 to 8.
31/07/2014 - The African Water Facility has offered a €1.2 million grant to the Kisumu Water and Sewage Company (KIWASCO) to support an innovative project that will provide sanitation services for residents in the Manyatta settlement in Kisumu, Kenya, while creating business through the sale of fertilizers, biogas and energy as by-product of sanitation collection.
27/05/2014 - The New Partnership for Africa’s Development (NEPAD) seeks to fast-track implementation of continental programmes intended to drive Africa’s transformation. The NEPAD Planning and Coordination Agency (NPCA), the Secretariat of NEPAD, in partnership with Kenya’s Ministry of Devolution and Planning, held a two-day consultative meeting for all NEPAD Focal Points in Africa.
07/05/2014 - African Development Bank (AfDB) President, Donald Kaberuka, alongside two African leaders, on 7 May 2014 in Abuja, Nigeria, launched a call to action for regional integration in Africa. Called “Visa free travel in Africa”, the initiative, launched at the World Economic Forum on Africa, means to promote travel across the continent by easing visa constraints.
08/04/2014 - The African Development Bank (AfDB), on Friday, April 4, 2014 in Nairobi, Kenya, signed a US $20-million trade finance Line of Credit with the Company for Habitat and Housing in Africa/Shelter Afrique to boost the availability of trade finance instruments to small and medium enterprises (SMEs) involved in real estate and construction-related activities in Africa.