News & Events
05/10/2015 - Civil society has a key role to play in fighting corruption – from monitoring public services, denouncing bribery and raising awareness, to contributing to the implementation of international anti-corruption instruments such as the United Nations Convention against Corruption (UNCAC). The African Development Bank’s Integrity and Anti-Corruption Department (IACD) acknowledges the important role of civil society in the fight against corruption.
22/09/2015 - The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap, with US $200 million of committed capital to support small- to medium-scale projects, with investment at the final close from European Investment Bank (EIB) and the Global Energy Efficiency and Renewable Energy Fund (GEEREF), among other investors.
18/09/2015 - The Lake Turkana wind power project involves the development and construction of a 300 MW wind farm. The project is located at a remote location, approximately 12 kilometres east of Lake Turkana in northwestern Kenya. The project area falls within a valley between two mountains that produce a tunnel effect in which wind streams are accelerated to high speeds. The wind farm will comprise 365 wind turbines of a capacity of 850 KW each. In addition to the Wind Turbine Generators (WTGs) and their foundations, a 33 kV electrical collector network will be constructed.
16/09/2015 - Although Kenya produces just enough power to meet its current demand for households and businesses tied to the grid, it is constantly plagued with power outages that cause not only inconveniences, but a loss of income for those businesses that depend upon it. A large part of the problem is the country’s reliance on hydropower, which fuels about half of Kenya’s installed capacity. Since there is no reserve margin for reduced hydropower generation in times of drought, the government must pay for emergency generation.
06/08/2015 - Africa Development Bank’s Vice President, Solomon Asamoah, represented the Bank at the just concluded Global Entrepreneurship Summit that took place July 25th- 26th 2015 in Nairobi, Kenya.
03/07/2015 - The Executive Board of Directors of the African Development Bank Group (AfDB) on Wednesday, July 1, 2015 approved a US $62-million loan to finance the second phase of Kenya’s Support to Technical Vocational Education and Training (TVET) for Relevant Skills Development project.
29/06/2015 - The air transport industry in Africa is on the resurgence and aviation is, “The next infrastructure growth frontier for Africa”. This was the message at the International Air Transport Association (IATA) Aviation Day for Africa and the Middle East held at Intercontinental Hotel in Nairobi, Kenya, on June 23-24, 2015 under the theme, “Connecting Africa: The Linkage of Regulation, Capacity and Infrastructure”.
26/06/2015 - African Development Bank President Donald Kaberuka concluded his East African tour with a farewell meeting with Kenya’s Head of State, Uhuru Kenyatta, on June 25th 2015.
Kaberuka’s decade-long term in office comes to an end in two months. He thanked the Kenyan Government for its support. “The mission for which Kenya sponsored me has been done to my best ability. We even make mistakes, but that is the nature of leadership. We have learnt lessons both ways,” he said.
08/06/2015 - On May 28, 2015, the African Development Bank (AfDB) and the Climate Investment Funds (CIF) co-hosted an open dialogue session in the AfDB’s Civil Society Organization (CSO) Forum in the margins of its Annual Meetings in Abidjan, Côte d’Ivoire. In the session, participants used as a jumping-off point the CIF’s unique multi-stakeholder approach, with the AfDB serving as a key implementing agency and partner.
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.