News & Events
04/05/2015 - The Northern Transport Corridor in East Africa, extending from the port of Mombasa in Kenya and serving the hinterland countries of Uganda, Rwanda, Burundi, Eastern Democratic Republic of Congo (DRC) and South Sudan, is the busiest trade and transport corridor in East Africa handling the bulk of the region’s regional and international trade. While there have been major improvements in transport infrastructure for the corridor, it still faces challenges of road accidents due to long driving distances.
12/03/2015 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, March 11, 2015 approved an African Development Fund (ADF) Loan of US $123 million to Kenya for the Mombasa-Mariakani Highway upgrading project.
25/02/2015 - The first peer-review meeting for the Common Market for Eastern and Southern Africa (COMESA) under the Africa for Results (AfriK4R) initiative kicked off in the Kenyan capital Nairobi on February 24, 2015.
18/02/2015 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, February 18 in Abidjan an African Development Fund (ADF) Loan of US $144.9 million, to the Kenya–Tanzania Power Interconnection Project.
23/01/2015 - Uhuru Kenyatta, President of the Republic of Kenya, accompanied by members of his Cabinet, officially launched, on Thursday, January 22, the commencement of the construction of the Nairobi Outer Ring Road Improvement Project, jointly financed by the African Development Bank and the Government of Kenya.
19/12/2014 - The Lake Turkana Wind Power Project (LTWP) reaches financial close following an eight-year journey.
Earlier this month, the EUR 623-million project marked a significant milestone with financial close, making it the largest private investment in Kenya’s history. This project has won several awards and has been recently nominated as the ‘African Renewable Deal of the Year 2014’ by Thomson Reuters Project Finance International.
09/12/2014 - On December 8-9, 2014 the Africa Forum on Inclusive Economies was held in Nairobi, Kenya. This year's forum was the second bi-annual convening of the Rockefeller Foundation Africa Partnership Forum and was co-convened by the Rockefeller Foundation (RF), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA).
09/12/2014 - The Rockefeller Foundation, the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) on Tuesday, December 9 convened the Africa Forum on Inclusive Economies to discuss greater inclusion as Africa grows economically.
05/12/2014 - The President of the African Development Bank Group, Donald Kaberuka, received the Forbes Africa Lifetime Achievement Award on Thursday, December 4 during the magazine’s 4th Annual Person of the Year Awards ceremony in Nairobi, Kenya.
19/11/2014 - The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of US $133 million to the Republic of Kenya to increase electricity access for low-income populations, especially those in rural areas. Specifically, the funds will finance the Last Mile Connectivity Project that aims to maximise the use of the Kenya Power and Lighting Company’s (KPLC) 35,000 existing distribution transformers spread across the country. The total project cost is estimated at US $147 million, with the Government of Kenya contributing the remaining US $14 million.