News & Events
27/10/2014 - Leaders of global and regional institutions today begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the region, totaling more than $8 billion over the coming years
17/10/2014 - The Board of Directors of the African Development Bank Group on Wednesday, October 15 in Abidjan approved a US $40-million 10-year Line of Credit (LoC) for a pipeline of projects covering various economic sectors (agro/food, infrastructure, manufacturing, education sectors) in the East African Community (EAC) countries of Kenya, Rwanda, Tanzania and Uganda. The projects aim to promote economic growth.
08/10/2014 - In a newly released report prepared in 2014 by the African Development Bank’s (AfDB) East Africa Regional Resource Center in Nairobi, Kenya, on the occasion of the Bank’s 50th anniversary, the AfDB describes how it is fulfilling its mandate in Eastern Africa as Africa’s own development bank. The report takes stock of the socio-economic situation today; highlights the Bank’s successes; describes new strategies and instruments; and identifies key challenges the region is likely to face in the next decades.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Infrastructure, Climate Change, Private Sector, Gender, Poverty Reduction, Regional Integration, Structural Transformation
03/10/2014 - The Board of Directors of the African Development Bank Group (AfDB) on Friday, October 3 approved loans amounting to US $98.22 million to finance the first phase of East Africa’s Centres of Excellence for Skills and Tertiary Education in Biomedical Sciences programme in Kenya, Rwanda, Uganda and Tanzania.
04/07/2014 - At the semi-annual Climate Investment Funds (CIF) governing body meetings held June 25-28 in Montego Bay, Jamaica, nine African nations were chosen to receive new funding and operational support from the CIF’s Scaling Up Renewable Energy in Low Income Countries Program (SREP).
02/06/2014 - The Board of Directors of the African Development Bank Group (AfDB) has approved a Unit of Account (UA) 70 million (about $109 million) loan to the Government of Uganda to finance the Road Sector Support Project V to support the realization of the National Development Plan (NDP) and Vision 2040 of Uganda.
13/03/2014 - The African Development Bank Group will look towards the next half century and what it hopes to achieve on the continent during its 2014 Annual Meetings in Kigali, Rwanda.
06/11/2013 - On average 40-60% of public expenditure goes to education, health and other types of social spending in Africa, which calls for improved governance, voice and accountability in social service delivery. Large inefficiencies in the use of resources in education and health have a negative impact on human capital, with drastic consequences for inclusive economic growth. In an environment of declining aid, achieving greater value for each dollar invested is critical.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Economic & Financial Governance, Education, Health, Civil Society, Human Capital Development
- From: 04/11/2013
- To: 07/11/2013
- Location: Dar es Salaam, Tanzania
The African Development Bank (AfDB) is organizing a training session on Value for Money (VfM) with senior government officials and civil society organisations from Kenya, Tanzania, Uganda, Rwanda, and Zambia on November 4-7 2013 in Dar es Salaam, Tanzania.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.