News & Events
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.
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.