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16/04/2014 - The African Development Bank (AfDB), with the Dutch Development Bank FMO, the Development Bank of Southern Africa (DBSA) and Propaco of France today signed a USD142 million loan to develop the 120 MW Itezhi Tezhi power project. It is the first public-private partnership energy project in Zambia and is being developed jointly by TATA Africa and ZESCO Limited as an independent power producer, and the Itezhi Tezhi Power Company (ITPC).

Categories: Zambia, Energy & Power, Partnerships

16/04/2014 - African Development Bank support for private equity investment in Africa recorded a major success on Wednesday, April 16, when The Carlyle Group announced it had raised $698 million for its new Sub-Saharan Africa Fund, exceeding its initial target by 40 per cent. The Bank was a cornerstone investor and played a crucial role by investing $50 million at an early stage in the fundraising.

Categories: Private Sector

15/04/2014 - In its just-released 2013 Annual Report for its work with the Climate Investment Funds (CIF), the African Development Bank (AfDB) has indicated that it is supporting 16 national and 1 regional Investment Plans in renewables, forests, resilience and transport in Africa, and that more than half of the projects under those plans – including all projects addressing forests and climate resilience – have been approved by the Bank’s Board and are driving toward implementation.

Categories: Climate Investment Funds (CIF), Climate Change, Environment, Energy & Power

14/04/2014 - The Association for the Development of Education in Africa (ADEA) Inter-Country Quality Node on Technical and Vocational Skills Development (ICQN/TVSD) held on March 31 and April 1, 2014 an “Inter-Country Seminar on Youth Employment in Africa” in Abidjan, Côte d’Ivoire.

Categories: Côte d’Ivoire, Youth, Employment, Education, Human Capital Development

14/04/2014 - The African Development Bank (AfDB) and Africare signed a 5-year Memorandum of Understanding in Washington, D.C. on 12 April.

Categories: United States of America, Partnerships, Infrastructure

  • Date: 22/04/2014
  • Location: Tunis, Tunisia

Created in 1964, the African Development Bank (AfDB) is celebrating its fiftieth anniversary this year: half a century of development financing for the African continent. The celebrations, featuring a number of different activities, will be launched on 22 April 2014 at the Palais des Congrès of Tunis, in Tunisia.

Categories: Tunisia

10/04/2014 - This year’s AfDB Annual meetings will take place from Monday, May 19 to Friday, May, 23, 2014 at the Kigali-Serena Annual Meetings Village. The 49th Annual Meetings for the African Development Bank and the 40th meetings of its soft loan affiliate, the African Development Fund (ADF), will focus on the theme “The next 50 years: The Africa we want”.

Categories: Rwanda

08/04/2014 - The African Development Bank (AfDB), on Friday, April 4, 2014 in Nairobi, Kenya, signed a US $20-million trade finance Line of Credit with the Company for Habitat and Housing in Africa/Shelter Afrique to boost the availability of trade finance instruments to small and medium enterprises (SMEs) involved in real estate and construction-related activities in Africa.

Categories: Kenya, Employment, Private Sector, Regional Integration

08/04/2014 - Following the signing of the Capacity Building Project between the African Union Commission (AUC) and the African Development Bank during the meetings of the African Heads of State and Government held in Addis Ababa, Ethiopia, in January 2014, the AfDB formally launched the project in Centurion, South Africa, on April 7, 2014.

Categories: Ethiopia, South Africa, Energy & Power, NEPAD, Programme for Infrastructure Development in Africa (PIDA), Employment, Information & Communication Technology, Infrastructure, Transport, Gender, Water Supply & Sanitation

07/04/2014 - The African Development Bank Group has approved a policy document on the Accelerated Repayment and Voluntary Prepayment of ADF Loans. Under the policy approved by the African Development Fund (ADF) Board in Tunis on Wednesday, April 2, 2014, the Fund will introduce an accelerated-repayment clause in all new loan agreements starting in ADF-13, and establish a framework for the voluntary prepayment of ADF loans.

Categories: Egypt, Angola, Equatorial Guinea, ADF

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