News & Events
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.
13/08/2013 - African countries have hardly contributed to global greenhouse gas emissions. Yet, they are the most affected by climate change, putting livelihoods and natural assets at risk.
31/07/2013 - On Thursday, July 25, I was in Washington for an award ceremony at the US Treasury, in which two African Development Bank projects received recognition. Straight afterwards, I appeared on the Kojo Nnamdi show on Washington public radio alongside Lael Brainard, Under Secretary of State for International Affairs at the Treasury. We were discussing Africa, and its new investment opportunities. The message from both of us was of a resurgent Africa, a place for business and for opportunity, drawing strength from internal positive dynamics and still resilient to the slowdown in the global economy. We both emphasized how the work of the African Development Bank was contributing – in funding, in sharing knowledge, and in mobilizing investment.
Categories: United States of America, Uganda, Côte d’Ivoire, Economic & Financial Governance, Regional Integration, Youth, Financial Crisis, Poverty Reduction, Energy & Power, Aid for Trade Trust Fund, Human Capital Development, Gender, ADF
26/07/2013 - “It’s easy to be critical of development, especially in hard times at home,” said US Treasury Secretary Jack Lew.“But today shows the very best it can do.” Setting out some of the core principles of US development support – “impacts not inputs”, “developing countries in the driver’s seat”, the diminishing role of aid and the growing role of the private sector – he praised the “vital on-the-ground work that strengthens communities and regions around the world, while also advancing American economic and security interests abroad.
Categories: United States of America, Côte d’Ivoire, Uganda, Gender, Health, Human Capital Development, Agriculture & Agro-industries, Infrastructure, Food Production, ADF, Quality Assurance & Results
25/07/2013 - Two outstanding African Development Bank (AfDB) initiatives, based in Uganda and Côte d’Ivoire, received Development Impact Honors on Thursday, July 25 from the US Treasury Department in an awards ceremony in Washington, DC. The AfDB is the first multilateral development bank (MDB) to receive recognition for two projects in the same year.