News & Events
23/01/2015 - Uhuru Kenyatta, President of the Republic of Kenya, accompanied by members of his Cabinet, officially launched, on Thursday, January 22, the commencement of the construction of the Nairobi Outer Ring Road Improvement Project, jointly financed by the African Development Bank and the Government of Kenya.
19/12/2014 - The Lake Turkana Wind Power Project (LTWP) reaches financial close following an eight-year journey.
Earlier this month, the EUR 623-million project marked a significant milestone with financial close, making it the largest private investment in Kenya’s history. This project has won several awards and has been recently nominated as the ‘African Renewable Deal of the Year 2014’ by Thomson Reuters Project Finance International.
09/12/2014 - On December 8-9, 2014 the Africa Forum on Inclusive Economies was held in Nairobi, Kenya. This year's forum was the second bi-annual convening of the Rockefeller Foundation Africa Partnership Forum and was co-convened by the Rockefeller Foundation (RF), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA).
09/12/2014 - The Rockefeller Foundation, the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) on Tuesday, December 9 convened the Africa Forum on Inclusive Economies to discuss greater inclusion as Africa grows economically.
05/12/2014 - The President of the African Development Bank Group, Donald Kaberuka, received the Forbes Africa Lifetime Achievement Award on Thursday, December 4 during the magazine’s 4th Annual Person of the Year Awards ceremony in Nairobi, Kenya.
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.