News & Events
23/05/2013 - Africa needs accelerated growth and “structural transformation” in order to take the bulk of its population out of poverty.
23/05/2013 - For the African Development Bank’s Energy, Environment and Climate Change Department, transforming Africa means powering a climate-smart and greener continent. It entails supporting transformative infrastructure projects to increase energy access backed by both large-scale and off-grid solutions, promoting sustainable use of natural resources, supporting climate-resilience with concessional climate and environmental finance, and ensuring that all projects comply with international and social best practices.
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.
23/05/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of Small and Medium Enterprises (SMEs) and local corporates in Ghana.
23/05/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG.
22/05/2013 - Many African nations are booming, and despite high population growth, the proportion of people living in extreme poverty has declined by 16% over the last decade. As African governments accelerate efforts to transform their economies and boost growth, there are growing demands to ensure that growth is equitable and benefits all African citizens.
22/05/2013 - Following the launch in March 2013 of Open Data Platforms in 30 African countries, the African Development Bank (AfDB) has launched additional data platforms in the following 10 African countries: Burkina Faso, Burundi, Central African Republic, Chad, Gabon, Mali, Madagascar, Niger, Somalia, Sudan. This brings to forty (40) the number of African countries already connected to the Open Data network (www.afdb.org/statistics).
21/05/2013 - The African Development Bank Group (AfDB) will host a workshop on infrastructure and diaspora bonds in Africa during AfDB’s annual meetings in Morocco on May 29, 2013. One of the main objectives of the seminar to be at held at the Palmeraie Golf Palace in Marrakech, themed “Financing African Structural Change - Infrastructure and Diaspora Bonds” is to raise awareness of all stakeholders in the role that infrastructure and diaspora bonds can play in catalyzing financing to address the existing infrastructure gap in Africa.
21/05/2013 - Under the co-sponsorship of the African Development Institute (ADI) of the African Development Bank (AfDB) and the Korea-Africa Economic Cooperation (KOAFEC), the Association for the Development of Education in Africa (ADEA) announced the winners and presented eight awards to African scholars and research institutions that have published distinctive research in the field of education. The award ceremony was held on Tuesday May 14, 2013.
21/05/2013 - AfDB at the centre of rural economic transformation, bringing rapid development to rural areas.