News & Events
26/10/2016 - On Tuesday, October 25, 2016, the African Development Bank approved a US $25-million loan for a multinational project to establish a safety-of-life communications systems for Lake Victoria. The largest lake in Africa accommodates a fleet of 70,000 vessels, mostly individual fishermen, but lacks any alert or rescue systems. Consequently as many as 5,000 people die in the lake each year. The loan will finance the extension of GSM (Global System for Mobile Communications) networks on the lake and the creation of 22 rescues centres in Tanzania, Uganda and Kenya, contributing to save lives and stimulate business for the benefit of the economy of the entire Lake Victoria basin.
16/09/2016 - “I no longer need to waste hours fetching water. I have more time to help my husband with our cattle – which was quite difficult without access to clean water. It’s such a relief,” Zuena, a farmer from Machui, said of the African Development Bank’s Zanzibar Water and Sanitation Project, completed in 2015. Her household recently benefited from the Machui project. “It has changed our lives,” she said.
02/08/2016 - Tanzania is expected to benefit from a boost in hydropower generation and irrigation development thanks to a new study financed by the African Water Facility (AWF). This €2-million grant will help the government of Tanzania launch the pre-feasibility study of a multipurpose dam, irrigation and hydropower project in Kikonge (southwest).
21/07/2016 - “Water and sanitation will remain one of the key development challenges facing African communities and nations, with direct impacts on economic growth,” warned the African Development Bank (AfDB) at the ongoing 6th Africa Water Week (AWW6), holding in Dar es Salam, Tanzania, from 18-22 July 2016.
- From: 18/07/2016
- To: 22/07/2016
- Location: Dar es Salaam, Tanzania
The African Development Bank (AfDB) and the African Water Facility (AWF) will be participating in the 6th Africa Water Week (AWW-6), holding from 18-22 July 2016 at the Julius Nyerere International Convention Centre, Dar es Salaam, Tanzania.
13/07/2016 - Tanzania’s Minister of Energy and Minerals, Sospeter Muhongo officially launched the Sustainable Energy for All (SE4All) Action Agenda and Investment Prospectus for Tanzania during a workshop attended by the UN Resident Coordinator for Tanzania, Alvaro Rodriguez, the EU Ambassador to Tanzania, Roeland Van De Geer, and the AfDB’s Resident Representative in Tanzania, Tonia Kandiero.
19/05/2016 - The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a USD 120-million line of credit (LOC) to CRDB Bank Plc (“CRDB”) in Tanzania.
06/05/2016 - The African Development Bank Group’s (AfDB) Board of Directors, on May 5, 2016 approved a Partial Credit Guarantee (PCG) of up to US $4 million in local currency to Tanzania Mortgage Refinance Company (TMRC).
11/04/2016 - JUMEME Rural Power Supply Ltd. (JUMEME) has just celebrated the operational launch of its project, which will bring solar hybrid mini-grids to electrify more than 100,000 people and 2,340 small businesses in Tanzania’s rural centres. This project has received preparation support from the Sustainable Energy Fund for Africa (SEFA), and is one of the first of its portfolio to become operational since the Fund’s inception in 2012.
31/03/2016 - The Board of Directors of the African Development Bank approved on Wednesday, March 30, a US $228-million loan to the Government of Kenya to rehabilitate 172-kilometre road, linking the towns of Isebania and Ahero, an axis located southeast of Lake Victoria. The renovation of this route will facilitate trade between Kenya and Tanzania, while the social aspects associated with the project will accelerate the socio-economic development of the regions along the road, benefitting nearly two million people.