News & Events
08/05/2012 - Ethiopia’s efforts to increase energy efficiency and diversify its hydro-dependent energy mix through renewable energy got a USD 50 million boost from the Climate Investment Funds (CIF) committee meetings last week when Ethiopia’s investment plan under the Scaling Up Renewable Energy Program for Low Income Countries (SREP) was endorsed in full by CIF committee members.The decision came during the week-long CIF committee meetings in Washington, D.C. from 30 April to 4 May.
Categories: Ethiopia, Nigeria, Climate Investment Funds (CIF), Climate Change
13/04/2012 - The African Development Bank (AfDB) has embarked on a consultation exercise across Africa on its proposed Integrated Safeguards System (ISS). It is conferring with governments and representatives of civil society and the private sector.
Categories: Kenya, South Africa, Gabon, Nigeria, Morocco, Private Sector Development, Environment
28/03/2012 - Aquatic plant proliferation is an environmental scourge. These weeds invade waterways and irrigation channels, impeding their economic operation. Fishermen have suffered rising costs, and farmers have to spend more time cleaning their irrigation canals, resulting in lost production and productivity.
Categories: Benin, Niger, Mali, Senegal, Mauritania, Gambia, Ghana, Nigeria, Climate Change, Climate for Development in Africa (ClimDev-Africa) Initiative, Agriculture & Agro-industries
13/03/2012 - The Board of Directors of the African Development Bank (AfDB) approved on February 15, 2012 a USD 200 million line of credit (LOC) in favour of the Africa Finance Corporation (AFC), a multinational financial institution based in Lagos, Nigeria, with the mandate to catalyse investments and create partnerships to help bridge Africa’s infrastructure gap.
Categories: Nigeria, Infrastructure, Private Sector Development
07/03/2012 - The cost to the Nigerian government of its fuel subsidy shot up by almost five times to USD 9.3 billion between 2006 and 2011, and accounted for 30 percent of all federal expenditure – a statistic quoted a new study on reforming the energy sector in Africa by the African Development Bank.
Categories: Nigeria, Energy & Power, Chief Economist's Office
29/02/2012 - The African Governance Outlook (AGO), a collaborative initiative between the African Development Bank (AfDB) and the African Capacity Building Foundation (ACBF) aims to provide an effective African-based diagnostic tool on financial governance on a regional scale. ACBF has a mandate to develop capacity in Africa across a spectrum of areas including financial management and accountability through good governance.
Categories: Mali, Mozambique, Kenya, Tanzania, Rwanda, Ethiopia, Nigeria, Senegal, Uganda, Ghana, Burkina Faso, Economic & Financial Governance, African Peer Review Mechanism
16/02/2012 - The African Development Bank (AfDB) has approved a loan of USD 100 million to improve water and sanitation in the city of Zaria in northern Nigeria through the African Development Fund, its concessional or ‘soft loan’ arm.
Categories: Nigeria, Water Supply & Sanitation
- Date: 15/02/2012
- Location: Nairobi, Kenya
The high inflation rates that that have been plaguing the countries of East Africa recently could start to fall in 2012 and eventually reach single-digit level, a meeting organised by the African Development Bank (AfDB) in Nairobi heard today.The seminar on ‘Inflation Dynamics in East Africa’ brought together the governors and high officials from the central banks of Kenya, Rwanda, Tanzania and Nigeria to discuss the bout of high inflation recently suffered in the region.
Categories: Kenya, Rwanda, Tanzania, Nigeria, Financial Crisis, Food Production, Chief Economist's Office
23/11/2011 - At its 41st Council Meeting held in Washington, D.C. on 9 and10 November 2011, the Global Environment Facility (GEF) approved a grant of USD 20.5 million for the Lake Chad Basin Regional Program for the Conservation and Sustainable Use of Natural Resources and Energy Efficiency.
Categories: Central African Republic, Nigeria, Cameroon, Chad, Niger, Climate Change, Global Environment Facility (GEF), Energy & Power, Climate Investment Funds (CIF)
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 500 million, to the Bank of Industry (BOI) for financing domestic-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through BOI by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
