News & Events
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).
- From: 04/11/2013
- To: 07/11/2013
- Location: Dar es Salaam, Tanzania
The African Development Bank (AfDB) is organizing a training session on Value for Money (VfM) with senior government officials and civil society organisations from Kenya, Tanzania, Uganda, Rwanda, and Zambia on November 4-7 2013 in Dar es Salaam, Tanzania.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.
- From: 29/10/2013
- To: 30/10/2013
- Location: Nairobi, Kenya
A workshop on “Private Investment and Job Creation” will take place in Nairobi, Kenya on 29-30 October 2013. The meeting, which is organized in the framework of the G20 Inclusive Business Workshop series, will offer a unique opportunity to exchange, network and contribute to the development of a supportive ecosystem for inclusive businesses in Africa. It will particularly explore the potential of inclusive businesses for the sustainable development of the African continent.
02/10/2013 - The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development Fund’s Partial Risk Guarantees (ADF PRG). The ADF PRG is a risk mitigation instrument that covers private lenders and investors against the risk of a possible government failure to meet contractual obligations to a project.
19/09/2013 - Within the current global energy crisis, interconnecting the regional electric energy networks is the best alternative to transfer expensive thermal generation into regional as well as international power markets.
19/09/2013 - The Turkana Wind Power Project in Kenya will add 300MW to power generation capacity and will benefit Kenya by providing clean and affordable energy that will reduce the overall energy cost to end consumers.