News & Events

08/02/2012 - “Enormous resource requirements are needed by Sub-Saharan Africa’s agriculture sector… The African Development Bank needs to continue to closely partner with others to effectively and sustainably build capacities within Horn of Africa countries,” - Kanu.

Categories: Tunisia, Somalia, Kenya, Ethiopia, Djibouti, Agriculture & Agro-industries, Food Production

08/02/2012 - Food security challenges in the horn of Africa, regional drought resilience building programme, climate change and green development, were among key issues discussed by experts in the African Development Bank’s Agriculture and Agro-industry Department (OSAN) during their recent meeting in Tunis.

Categories: Somalia, Kenya, Ethiopia, Djibouti, Agriculture & Agro-industries, Food Production

16/12/2011 - Menengai geothermal steam field development project will set the stage for investments that will help meet Kenya’s rapidly increasing demand for power and transform the country into a competitive clean energy economy. On 14 December 2011 in Tunis African Development Bank (AfDB) Group Board of Directors, approved two financing vehicles to support the project. It will be financed through a loan of USD 124 million from African Development Fund (ADF) concessionary resources, and a loan and grant totaling USD 25 million from the scaling-up renewable energy program under the Climate investment funds for which AfDB Group is an implementing agency.

Categories: Kenya, Energy & Power

09/12/2011 - The Board of Directors of the African Development Bank (AfDB) has approved on 7 December a € 28.1 million senior loan to support the Thika Thermal Power Project in Kenya. This reliable energy private sector power project will encourage economic growth by helping to address Kenya’s energy shortfall.

Categories: Kenya, Energy & Power, Private Sector Development

07/12/2011 - Africa as a continent suffers a huge lack of power. Most people in sub-Saharan Africa have little or no access to affordable, easily-available electricity. Even a developed country like South Africa is plagued by power cuts.

Categories: South Africa, Kenya, Madagascar, Climate Change, Energy & Power

25/11/2011 - Successful implementation of Poverty Reduction Strategy Papers (PRSPs) and National Development Plans (NDPs) depends on effective resource mobilisation and utilisation.

Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, Tanzania, Uganda, Poverty Reduction

23/11/2011 - An Ethiopia-Kenya hydropower interconnection project may be the first to benefit from work beginning conducted by the African Development Bank (AfDB), through the African Carbon Support Programme (ACSP), to develop a new Clean Development Mechanism (CDM) methodology that would make interstate electricity connection eligible for CDM revenue.

Categories: Kenya, Ethiopia, Energy & Power, Infrastructure, Climate Change, Climate Investment Funds (CIF), African Carbon Support Program

23/11/2011 - A project to develop a geothermal steam field at Menengai, Kenya got the go-ahead on 17 November 2011 from the governing body of the Scaling Up of Renewable Energy Program in Low Income Countries (SREP), a program coming under the Climate Investment Fund (CIF). It approved USD 25 million in grants and concessional loans which will be channeled through the African Development Bank (AfDB) along with the AfDB’s own co-financing of USD 80 million.

Categories: Kenya, Energy & Power, Climate Investment Funds (CIF), Climate Change

07/10/2011 - Participants at a two-day High-Level Forum on Foreign Direct Investments in Land in Africa resolved to promote land-based investment models that increase agricultural productivity and maximize opportunities for Africa’s farmers.

Categories: Kenya, Economic & Financial Governance