Press Releases
24/05/2012 - Millions of people living in the Baro-Akobo-Sobat (BAS) area of the Nile Basin are to benefit from a range of multi-purpose water resources projects to be planned by the Nile Basin Initiative. On May 4, the African Development Bank approved a €2 million grant from the African Water Facility to finance the development study needed to attract the investments required to implement them. The overall project is supported jointly by the New Partnership for Africa’s Development- Infrastructure Project Preparation Facility (NEPAD-IPPF).
Categories: Ethiopia, Water Supply & Sanitation, African Water Facility
23/05/2012 - On May 10, a high level meeting chaired by President Donald Kaberuka, former British Prime Minister, Gordon Brown, and Tim Berners-Lee, founder of the Web Foundation elicited a lively debate among 10 Ministers of Education and Science and Technology from Burkina Faso, Cameroon, Ethiopia, Gambia, Ghana, Kenya, Morocco, Senegal, Sierra Leone and Uganda; who met with officials of Intel, Cisco, Alcatel-Lucent, HP, Adobe, and Microsoft among other leading technology companies in Africa. Other country governments represented were Benin, Burundi, Egypt, Ivory Coast, Mauritius, Nigeria and Rwanda.
Categories: Ethiopia, Financial Crisis, Information & Communication Technology, Education, President's Corner
22/05/2012 - The Board of Directors of the African Development Bank Group (AfDB) approved on 16 May in Tunis, an equity investment of USD 100 million to Agvance Africa, the first agribusiness-focused Fund of Funds on the African continent. The strategic objective of Agvance Africa is to increase private investment flows into the agribusiness sector on the continent to address growing food security concerns and unleash the largely unexploited potential of African agriculture and agribusiness sectors.
Categories: Private Sector Development, Agriculture & Agro-industries, Fund for African Private Sector Assistance, Board of Directors
21/05/2012 - African Development Bank President Donald Kaberuka capped a visit to Washington with a landmark meeting at the Group of Eight (G8) Summit on Saturday. The special session focused on agriculture policy in Africa, and in particular, a fresh initiative called the New Alliance for Food Security and Nutrition.
Categories: Agriculture & Agro-industries, Food Production, President's Corner
18/05/2012 - African Development Bank President Donald Kaberuka joined U.S. President Barack Obama, several African heads of state and leaders from the public and private sector in Washington on Friday for the launch of a new initiative that aims to reduce poverty and stimulate economic growth.
Categories: United States of America, Food Production, Poverty Reduction, President's Corner
17/05/2012 - The African Development Bank’s Board of Executive Directors approved a total of USD 13.95 million (UA 9.00 million ) through a grant mechanism on 16 May 2012. The grant will enable the African Community of Practice for Managing for Development Results (AfCoP) to mainstream Managing for Development Results (MfDR) into the policies and strategies of RMCs and RECs.
Categories: Information & Communication Technology
16/05/2012 - The Boards of Directors of the African Development Bank Group today in Tunis approved the equivalent of USD 436 million for the financing of Morocco’s power project, and two other investments in Africa. The first approval is an AfDB loan of Euro 168 million and USD 100 million Clean Technology Fund concessionary loan to finance the first phase of the Ouarzazate solar power station in Morocco.
Categories: Morocco, Energy & Power, Board of Directors
10/05/2012 - As Mali strives to become an emerging economy, it is focusing on energy sector reforms to support growth and improve quality of life. Renewable energy holds significant potential for scaling up across the country and promises to decrease dependence on fossil fuel imports and reduce forest degradation caused by increasing energy demands.
Categories: Mali, Climate Investment Funds (CIF), Energy & Power, Climate Change
10/05/2012 - Today at the World Economic Forum on Africa in Addis Ababa, Ethiopia, high-level representatives from the U.S. Department of State, U.S. Agency for International Development, the African Development Bank, Microsoft, Nokia, infoDev, DEMO, and the World Economic Forum launched a new partnership to promote innovation and entrepreneurship in Africa.
Categories: Ethiopia, Financial Crisis, President's Corner
09/05/2012 - The African Development Bank (AfDB) launched the Oxford Companion to the Economics of Africa at a high level seminar on “Avoiding the Fragility Trap in Africa” held in Tunis and hosted by the AfDB’s Chief Economist and Vice President, Mthuli Ncube. The keynote speaker was Shanta Deverajan, Chief Economist of the World Bank’s Africa region.
Categories: Fragile States Facility, Chief Economist's Office
