News & Events
04/12/2013 - The Board of Directors of the African Development Fund (ADF), the concessionary arm of the African Development Bank (AfDB) Group, approved on Tuesday, December 3 a loan of US $65.0 million and a grant of US $900,000 to Malawi, and a loan of US $7.7 million to Zambia, respectively, for a total of about US $73.6 million, for the Multinational Nacala Road Corridor Development Project Phase IV.
07/11/2013 - The Southern African Customs Union (SACU) is 103 years old. Established on June 29, 1910 in Southern Africa the Customs Union Agreement (CUA) brought together the South African Union, the High Commission of Bechuanaland territories (current Botswana), Basutoland (current Lesotho) and Swaziland, then under British rule.
24/10/2013 - The African Water Facility (AWF), jointly with the Government of Malawi, organized a two-day international workshop on monitoring and information management with the support of the African Development Bank (AfDB). Held in Lilongwe from 30th September to 1st October 2013, the event aimed at fostering peer learning among specialists and providing participants with tools and knowledge to better keep track of results achieved in the African water and sanitation sector.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.
10/10/2013 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on 9 October 2013,a grant amounting to UA 2.98 million (about US$ 4.6 million), to finance the Public Finance Management (PFM) Institutional Support Project in Malawi.
14/08/2013 - A key road and rail bridge crossing over the Zambezi River along the North – South Corridor, a key trade route linking the port of Durban in South Africa to the inland countries of Botswana, Zambia, Zimbabwe, Malawi, DRC, and up to Dar-es-Salaam in Tanzania.
Categories: South Africa, Botswana, Zambia, Zimbabwe, Malawi, Democratic Republic of Congo, Tanzania, ADF, Infrastructure, Transport, Regional Integration, Programme for Infrastructure Development in Africa (PIDA)
01/08/2013 - The African Development Fund-financed Mzuzu-Nkhata Bay Road Rehabilitation Project in Malawi was launched on Wednesday, July 24, 2013. The project involves widening of the 46-kilometre road between the northern city of Mzuzu and Nkhata Bay district, from the current 4.2 metres to 6.7 m and construction of an asphalt-concrete surface with 1.5-m sealed shoulders.
11/06/2013 - Converting Africa’s impressive economic performance over the past decade into greater gains on the Millennium Development Goals (MDGs) remains a primary challenge for Africa, according to a new report.
Categories: Benin, Egypt, Ethiopia, Gambia, Malawi, Rwanda, Economic & Financial Governance, Food Production, Health, Climate Change, Millennium Development Goals (MDGs), Regional Integration, Education, Poverty Reduction, Water Supply & Sanitation, Agriculture & Agro-industries
23/05/2013 - The African Development Bank and the Government of Malawi (GoM) signed two grants amounting to UA 6 million (about US $9 million) on May 23, for budgetary support and a Hydroelectric Power Plant Feasibility Study. The US $6 million additional Crisis Response Budgetary Support follows the initial US $39 million provided in July 2012 to support Malawi’s reforms aimed at restoring macroeconomic stability and enhancing public finance management, as well as support social protection measures.
23/04/2013 - A water supply and sanitation system supported by the African Development Bank (AfDB) was launched on April 15, 2013, in Malosa, Malawi by Malawi President Joyce Banda.