Press Releases

15/05/2013 - The African Development Bank Group (AfDB) through its President, Donald Kaberuka, declared in Brussels the Institution’s support to the crisis exit efforts and revival of Malian economy making available to this country the amount of 240 million euros. This declaration was made at the donors’ conference on Mali hosted by France and the European Union in Belgium.

Categories: Mali, Belgium, Human Capital Development

13/05/2013 - Le lancement officiel de la première phase des travaux de la centrale solaire de Ouarzazate a eu lieu vendredi 10 mai 2013, dans la commune rurale de Ghessate (province de Ouarzazate). La cérémonie s’est déroulée en présence du roi Mohamed VI, et des représentants de la direction de l'Agence créée par le Maroc pour le développement de l'énergie solaire (dite MASEN, pour “Moroccan Agency for Solar Energy” en anglais), ainsi que du Groupe de la Banque africaine de développement (BAD).

Categories: Morocco, Energy & Power, Climate Change

13/05/2013 - The African Development Bank, renewed its support for climate change resilience in Madagascar, Benin and Angola in accessing US $17.8 million of adaptation finance in the form of grants from the Least Developed Countries Fund (LDCF) during the second quarter of 2013. It follows the approval last March of US $18.6 million for three water and sanitation projects.

Categories: Angola, Benin, Madagascar, Climate Change, Global Environment Facility (GEF)

13/05/2013 - African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank.

Categories: Economic & Financial Governance, Infrastructure, NEPAD

09/05/2013 - The strides made by African economies in achieving economic growth must be accompanied by efforts to boost long-term competitiveness if the continent is to ensure sustainable improvements in living standards finds a new report, the Africa Competitiveness Report 2013, released today.

Categories: South Africa

08/05/2013 - The African Development Bank Group (AfDB) approved on Wednesday, May 8 in Tunis, a loan of 30 billion CFA francs to the Republic of Mali. This amount will be drawn from the resources of the African Development Fund (ADF), the Bank’s concessional window, to finance an Emergency Economic Recovery Support Programme (EERSP).

Categories: Mali, Economic & Financial Governance, Human Capital Development, Health, Education, Fragile States Facility

07/05/2013 - AfDB/World Bank-supported plan to generate more than a gigawatt of power - The US $7.6 billion Climate Investment Funds (CIF) gave the go-ahead on Friday, May 3, to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan to create an unprecedented 1,120 megawatts (MW) of energy from Concentrated Solar Power (CSP) for the region. The plan will receive US $660 million from the CIF’s Clean Technology Fund (CTF) and is expected to leverage nearly US $5 billion from other donors and private financing.

Categories: Algeria, Egypt, Libya, Mauritania, Morocco, Tunisia, Climate Investment Funds (CIF), Climate Change, Environment

07/05/2013 - The African Development Bank today launched the 1,068-kilometre high-voltage electricity highway to be built between Kenya and Ethiopia.

Categories: Ethiopia, Kenya, Energy & Power, Infrastructure

06/05/2013 - The African Development Bank (AfDB) and the Government of Tunisia on Monday, May 6, 2013, in Tunis, signed two agreements relating to two important operations. The first agreement concerned the North Gafsa integrated development project (PDAI), in the amount of 22.115 million euros, while the second one, an agreement letter for 799,664 euros, related to the support and establishment of the e-government and open government. The funding amounts to 22.9 million euros.

Categories: Tunisia, Agriculture & Agro-industries, Economic & Financial Governance