News & Events
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.
25/03/2014 - Lake Turkana Wind Power Project (LTWP) marked a significant milestone on Monday, March 24 with the loan signing of €623 million (Ksh 76 billion), making it the largest private investment in Kenya’s history.
06/03/2014 - The Board of the Africa Development Bank Group (AfDB) on Wednesday, March 5, 2014 approved the Country Strategy Paper (CSP) for Kenya, which articulates the Bank’s priority areas of support to Kenya from 2014-2018. The CSP supports the country’s ambitions and addresses its main developmental challenges by promoting job creation as the overarching objective.
14/02/2014 - Many in East Africa still recall the devastating drought of 2009. In Kenya alone, it left nearly 80% of cattle dead in some parts of the country. Whether linked to the effects of global warming or not, this drought is estimated to have cost the Kenyan economy about US $12 billion. Its impact was most pronounced in the arid and semi-arid areas of the country.
29/01/2014 - The African Development Bank (AfDB) and the government of Kenya on January 27th in Nairobi, Kenya signed loan and protocol grant agreements of US$97 million and US$120 million for the Thwake multi-purpose dam & Outer Ring road projects respectively.
11/12/2013 - The African Development Bank (AfDB) on Wednesday, December 11 in Nairobi, Kenya, launched the Information Center for the Extractive Sector (ICES), a platform that promotes knowledge-based dialogue with the aim of promoting informed policies for the sector.
28/11/2013 - With African Development Bank (AfDB) support, six African nations – Burkina Faso, Democratic Republic of Congo, Ghana, Kenya, Mali and Mozambique – made it through a global competition run by the Climate Investment Funds (CIF) to provide dedicated funding to engage the private sector in effective climate solutions. The seven project concepts endorsed for full project development in Africa focus on forests in Burkina Faso, DRC and Ghana, renewable energy in Kenya and Mali, and climate resilience in Mozambique.
26/11/2013 - “We consider the African Virtual University (AVU) Project very critical to the effort to improve access to higher education in Africa and are pleased to learn that the deliberations on the integration of e-learning and open education into mainstream education programs was fruitful,” concluded Stefan Muller, Lead Economist of the African Development Bank’s (AfDB) East Africa Regional Resource Center (EARC) during the first international conference African Virtual University organized from November 20-22, 2013 in Nairobi.
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
01/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, 30 October 2013 in Tunis, a US$ 94.37 million (UA 61.68 million) ADF loan and US$ 1.85 million (UA 1.21 million) ADF grant to the Government of Kenya to finance phase one of the Thwake Multi-purpose Water Development Program (TMWDP).