21/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) on 20 November 2013 in Tunis approved a loan of UA 22.22 million or US $33.6 million from African Development Fund (ADF) concessionary resources to finance the Support to Science and Technology Education Project (SSTEP) in Zambia.
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.
20/11/2013 - The African Development Bank Group (the "Bank Group") Disclosure and Access to Information (DAI) Policy re-affirms the commitment of all Bank Group entities and staff to the principles of good governance, particularly transparency, accountability, increased access to information and active communication.
Categories: Economic & Financial Governance
18/11/2013 - An innovative project aimed at reducing rural poverty and household food insecurity will be launched on November 19 in Monrovia. The Smallholder Agricultural Productivity Enhancement and Commercialization (SAPEC) project is jointly financed by the Global Agriculture and Food Security Program (GAFSP) and the African Development Bank Group (AfDB). SAPEC project is managed and administered by the AfDB.
18/11/2013 - A critical issue for African countries “Human Resources for Health: foundation for Universal Health Coverage (UHC) and the post-2015 development agenda” was discussed among 2,000 participants from 80 countries at the Third Global Forum on Human Resources for Health (HRH) which took place November 10-13 in Recife, Brazil. The conference was followed by a Board meeting of the Global Health Workforce Alliance (GHWA) on November 14 to set up the future health workforce agenda, in which the African Development Bank is a member.
15/11/2013 - Multilateral development banks (MDBs) provided almost US $27 billion worldwide, in financing to address the challenges of climate change in 2012, according to the second joint MDB report on climate finance. The report was released today, in line with the commitment by MDBs to enhance the transparency of their investments in climate change mitigation and adaptation.
Categories: Climate Change, Environment, Energy & Power, Climate Investment Funds (CIF), Global Environment Facility (GEF), Green Growth Initiative, Green Bond Program, Sustainable Energy Fund for Africa
13/11/2013 - With African Development Bank (AfDB) support, Burkina Faso has received an $11.5 million grant from the Climate Investment Funds’ (CIF) Forest Investment Program (FIP) to undertake the Gazetted Forests Participatory Management Project for REDD+* to create critically needed transformation of 12 of its gazetted forests.
13/11/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, November 13, a US $65-million equity investment package in the Africa Renewable Energy Fund (AREF) comprised of US $25 million from its statutory resources, US $35 million from the Sustainable Energy Fund for Africa (SEFA) and US $4.5 million from the Global Environment Facility (GEF). AREF is a private equity fund that will invest in small- to medium-sized renewable energy projects in Sub-Saharan Africa (SSA), excluding South Africa, with a targeted fund size of US $150 million to $200 million.
12/11/2013 - The African Development Bank (AfDB) has launched a Web consultation on its new Governance Strategy for 2014-2018 aimed at receiving feedback from all its stakeholders on their expectations on the Bank’s future governance interventions.
12/11/2013 - With African Development Bank (AfDB) backing, Liberia has garnered support for a far-reaching renewable energy investment plan with $50 million from the Climate Investment Funds (CIF) Program to Scale up Renewable Energy in Low Income Countries (SREP). Endorsement of the Liberian investment plan took place during the just-concluded week-long CIF governing body meetings.