News & Events

23/05/2013 - Africa needs accelerated growth and “structural transformation” in order to take the bulk of its population out of poverty.

Categories: Infrastructure, Transport, Water Supply & Sanitation, Climate Change, Regional Integration, Structural Transformation

23/05/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of Small and Medium Enterprises (SMEs) and local corporates in Ghana.

Categories: Ghana, Regional Integration

23/05/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG.

Categories: Private Sector Development, Regional Integration

20/05/2013 - The Electricity Authority of Benin–Nigerian Electric Power Authority power interconnection project, jointly financed by the African Development Bank, the West African Development Bank, and the Economic Community of West African States, is one of the sparkling flagship projects for regional integration and cooperation in West Africa. Financed under the West Africa Power Pool program, the project connects Benin’s power grid (CEB) to that of Nigeria (NEPA). Since its completion in 2007, like a beacon, the project has broken dawn, lighting up vast areas of rural communities that were once in economic darkness.

Categories: Benin, Nigeria, Infrastructure, Energy & Power, Regional Integration, Structural Transformation

20/05/2013 - The African Development Bank is working towards helping African countries better benefit from the African Growth and Opportunity Act (AGOA) opportunities.

Categories: Regional Integration

16/05/2013 - To overcome challenges in achieving regional integration results, 150 delegates from eighteen countries met in Lusaka, Zambia, from May 14-17, 2013, and established the Regional Community of Practice on Results of the Common Market for Eastern and Southern Africa (COMESA).

Categories: Zambia, Regional Integration

26/03/2013 - A new policy paper by the African Development Bank carries the importance of trade integration to macroeconomic convergence. Published in March 2013, the report titled “Supporting Macroeconomic Convergence in African regional economic communities” recommends to link the roadmap in the implementation of macroeconomic convergence to progress made in trade integration.

Categories: Economic & Financial Governance, Regional Integration

18/03/2013 - The Development Effectiveness Review (DER) is a series of publications reviewing the African Development Bank’s (AfDB or Bank) contribution to Africa’s development results. Beginning with the first Annual Development Effectiveness Review published in 2011, the DER series has promoted transparency and accountability to our member countries and stakeholders. It also helps us ensure that our operations are continually improving. In 2012, we have published a series of DERs examining aspects of the Bank’s portfolio, including fragile states, regional integration, governance and the Bank’s country program in Rwanda.

Categories: Rwanda, Quality Assurance & Results, Economic & Financial Governance, Regional Integration, Fragile States Facility

01/03/2013 - The President of the African Development Bank (AfDB), Donald Kaberuka, was received on Thursday, February 28 in Yamoussoukro by Alassane Ouattara, President of Côte D’Ivoire. The meeting took place alongside the 42th Summit of the Heads of State and Government of the Economic Community of West African States (ECOWAS), one day after the AfDB Board of Directors held its meeting in Abidjan.

Categories: Côte d’Ivoire, Regional Integration