Press Releases
13/03/2013 - The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia, Malawi, Morocco, Mozambique, Namibia, Nigeria, Ghana, Rwanda, Republic of Congo, Senegal, South Africa, South Sudan, Tanzania, Tunisia, Zambia and Zimbabwe
Categories: Tunisia, Morocco, Algeria, Cameroon, Congo, Democratic Republic of Congo, Zimbabwe, Zambia, Mozambique, Angola, Rwanda, Ethiopia, Senegal, Nigeria, Cape Verde, Côte d’Ivoire, Malawi, Namibia, Ghana, South Sudan, South Africa, Tanzania, Economic & Financial Governance
04/03/2013 - Studies on banking competition in developing countries, and especially in Africa, are sparse. This 2013 study, published by the Chief Economist Complex of the African Development Bank, evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by financial reforms, entry of new foreign banks and privatization of the state-owned bank. Competition is measured using the Panzar-Rosse H-statistic and the Lerner index from 1998-2011. To our knowledge, estimation of the time varying bank-specific Lerner index provides the first-ever documented empirical evidence on the evolution of competition in the Zambian industry.
Categories: Zambia, Economic & Financial Governance
19/02/2013 - The African Development Bank (AfDB) has launched an ambitious program to significantly improve data management and dissemination in Africa. The ultimate goal of the program is to facilitate wider public access to official statistics and to support countries in their efforts to improve data quality and dissemination for better policy formulation, monitoring and evaluation. The program was launched in November 2012 as part of the Bank’s broader statistical capacity building program in Africa.
Categories: Cape Verde, Democratic Republic of Congo, Congo, Cameroon, Malawi, Mozambique, Namibia, Rwanda, Tanzania, Tunisia, South Sudan, Zimbabwe, Zambia, Infrastructure, Information & Communication Technology, Human and Social Development
28/12/2012 - The African Development Bank and the Government of the Republic of Zambia signed, on December 19, a loan agreement for US $55 million to support the Itezhi-Tezhi Hydro Power and Transmission Line Project through the construction and operation of a 120 megawatt hydropower plant at Itezhi-Tezhi dam along the Kafue River. This loan was approved by the Bank’s Board of Executive Directors on June 13, 2012.
Categories: Zambia, Economic & Financial Governance, Energy & Power, Infrastructure
26/09/2012 - The African Development Bank approved on August 29, an African Water Facility (AWF) grant of €950,000 to support a project to help the Government of Zambia develop, test and adopt updated guidelines, which will be used as framework for programming as well as designing the financing, construction and operations of multi-purpose small dams. The dams are expected to directly improve the lives and livelihoods of an estimated 90,000 people, and indirectly benefit about a million people living in rural areas, thus enhancing water security in more vulnerable parts of the country.
Categories: Zambia, African Water Facility, Water Supply & Sanitation, Climate Change, Environment
19/06/2012 - The Board of Directors of the African Development Bank (AfDB) has approved a USD 35-million senior loan and a USD 3 million standby facility to Itezhi-Tezhi Power Corporation (ITPC) and a concessional loan of USD 18 million to the government as Zambia Electricity Supply Company (ZESCO)’s share of the equity to develop the Itezhi-Tezhi hydropower plant project that will provide reliable, low-cost power and sustainable energy to the country.
Categories: Zambia, Private Sector Development, Energy & Power
02/03/2012 - The Board of the African Development Bank (AfDB) approved an equity investment of USD 50 million into the Carlyle Sub Saharan Africa Fund on 22February. This fund is the first investment vehicle that the US-based private equity firm The Carlyle Group has raised to pursue its geographical expansion into sub-Saharan Africa.
Categories: Zambia, Namibia, Mozambique, Mauritius, Angola, Botswana, Ghana, Côte d’Ivoire, Private Sector Development
29/09/2011 - The African Development Bank Board of Directors has approved a USD 24-million loan to finance Zambia’s fourth poverty reduction budget support program. The African Development Fund (ADF) loan is part of USD 159 million budget support operation financed by World Bank ($30 m loan), European Commission ($43.5 m grant), UK’s Department for International Development ($41.6 m grant), Germany ($13.6 m grant), and Finland ($6.8 grant).
Categories: Zambia, Poverty Reduction, Human and Social Development
27/06/2011 - The Southern Africa region loomed large on the Bank’s operational radar in 2009, when loan and grant approvals to the countries climbed to USD 5.44 billion (UA 3.40 billion), from USD 769.44 million (UA 475.9 million) the previous year; representing over 600 percent increase. The numbers were propelled by two budget support loans amounting to USD 2.42 billion (UA1.51 billion) approved for Botswana and Mauritius, to help mitigate the impact of the global economic and financial crisis in these countries.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Regional Integration
15/03/2011 - African Development Bank (AfDB) President Donald Kaberuka has affirmed his institution’s strong commitment to enhancing regional integration and growth in Southern Africa. Addressing the media close to the end of a six-day official visit to the region, Dr. Kaberuka said the AfDB had done well in terms of the volume of its support to South Africa and the broader SADC region but still had to do more in view of the challenges that still abound.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Regional Integration
