05/03/2015 - The African Development Bank Board approved an additional financing of US $8.37 million (on March 4, 2015 from the Global Environment Facility’s (GEF) Least Developed Countries Fund (LDCF) for the Water Supply and Sanitation Programme (WSSP), already financed by the Bank. The GEF financing will increase the resilience of the natural environment and the physical infrastructure of vulnerable drought and flood prone districts in Eastern Uganda.
04/03/2015 - The Board of Directors of the African Development Bank Group (AfDB) through its private sector window approved on March 2, 2015 a US $3 million line of credit (LoC) equivalent in the local currency (Zambian Kwacha) to Madison Finance Company Ltd.
04/03/2015 - The African Development Bank’s (AfDB) Board of Executive Directors approved on March 3 in Abidjan a US $19-million project comprising an African Development Fund (ADF) loan of US $10.7 million and an ADF grant of US $8.3 million to boost the Technical, Vocational, Education and Training (TVET) sector. The Support to Skills Development for Employability and Entrepreneurship (SDEEP) project includes US $2.1 million in counterpart funding from the Government of the State of Eritrea (GSoE) bringing the total project cost to US $21.1 million.
04/03/2015 - The African Development Bank (AfDB), the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), and the United States-based National Renewable Energy Laboratory (NREL) have formed a partnership centered on linking gender and energy access.
- From: 03/03/2015
- To: 06/03/2015
- Location: Pretoria, South Africa
On average 40-60% of public expenditure goes to social spending in Africa, which calls for improved governance, and voice and accountability in social spending. In order to foster and sustain progress in human development, African countries need to focus on results for the money that they spend on social services. Ministries of Finance, Health and Education play a pivotal role in resource allocation, ensuring delivery on results and enhancing accountability in social sector spending.
Categories: South Africa
26/02/2015 - In its 2014 Annual Report Financing Change: AfDB and CIF for a Climate-Smart Africa released Thursday, February 26, the African Development Bank (AfDB) shows that its support to Africa through the Climate Investment Funds (CIF) increased exponentially in 2014 to include one regional and 25 national Investment Plans, with an additional nine poor countries being funded for renewable energy solutions. It also shows an additional $500 million from AfDB and CIF for a total of $2.1 billion going to 16 projects already underway in 11 African nations.
Categories: Climate Investment Funds (CIF)
25/02/2015 - The first peer-review meeting for the Common Market for Eastern and Southern Africa (COMESA) under the Africa for Results (AfriK4R) initiative kicked off in the Kenyan capital Nairobi on February 24, 2015.
24/02/2015 - Following the announcement of the collaboration between Bloomberg and the African Development Bank (AfDB) in December, Bloomberg and the AfDB through the African Financial Markets Initiative (AFMI) have launched the AFMISM Bloomberg® African Bond Index (ABABI), a new family of African bond indices. Calculated by Bloomberg Indexes, this composite index is comprised of the Bloomberg South Africa, Egypt, Nigeria and Kenya local currency sovereign indices.
Categories: African Financial Markets Initiative (AFMI)
20/02/2015 - The African Development Bank (AfDB), the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), and the United States-based National Renewable Energy Laboratory (NREL) have formed a partnership centered on linking gender and energy access.
19/02/2015 - The Steering Committee of the Board of Governors of the African Development Bank met on 11 February, 2015 at the Bank’s headquarters in Abidjan and agreed to the following list of candidates for the election of the next President of the African Development Bank.