News & Events
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.
14/11/2014 - The African Development Bank (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) Kenya have signed on November 14, 2014, in Nairobi, a grant agreement to support the growth and formalization of 54 African seed companies in eleven countries.
11/11/2014 - "These trophies, which reflect our culture of excellence, are for those who have gone beyond the call of duty and have done excellent work in exceptional conditions", African Development Bank President Donald Kaberuka said during the inaugural AfDB Presidential Awards for Excellence which took place on Tuesday, November 11 in the Bank’s headquarters in Abidjan. Kaberuka added that the awards are a reflection of the good work by the staff of the Bank.
11/11/2014 - The President of the African Development Bank, Donald Kaberuka, recognized three Bank-financed projects for their excellence during the inaugural Presidential Awards ceremony which took place on Tuesday, November 11 at the African Development Bank headquarters in Abidjan, Côte d’Ivoire.
06/11/2014 - The African Development Bank (AfDB) approved on November 5, 2014 in Abidjan a US $148 million multi-sector senior Line of Credit (LoC) to Equity Bank Limited of Kenya (Equity Bank) for on-lending to key economic sectors in the country.
27/10/2014 - On 27th October 2014 the African Development Bank (AfDB) joins the United Nations Secretary General, Ban Ki-moon, the African Union, the World Bank, the European Union and Islamic Development Bank in a 4-day visit to the Horn of Africa. At the start of the visit in Addis Ababa, Ethiopia, the AfDB pledged a new $1.8 billion development assistance package for the next 3 years 2015-2017.
27/10/2014 - Leaders of global and regional institutions today begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the region, totaling more than $8 billion over the coming years
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.
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