News & Events
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
06/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved the 2011-2012 Regional Integration Strategy Paper for Southern Africa. Regional integration is one of the organisation’s priorities, , as reflected in its 2008-2011 Medium-Term Strategy, its Strategic and Operational Framework for Regional Operations and the its 2009-2012 Regional Integration Strategy.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Transport, Information & Communication Technology, Regional Integration, Energy & Power
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, President's Corner
21/10/2010 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday 20 October 2010 in Tunis, a USD 15-million equity investment in Catalyst Fund, a 10-year multi-sector private equity based in Kenya primarily covering the East Africa Community (EAC) as well as DRC, Ethiopia and Zambia. The target market has a population of 280 million, with a USD 126 billion combined GDP.
Categories: Kenya, Ethiopia, Democratic Republic of Congo, Zambia, Private Sector Development
29/09/2010 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group approved on Monday, 27 September 2010 in Tunis, a UA 63.369-million* (USD 95.6 million) loan to fund the Nacala Corridor Phase II Road project (NCRP) in Zambia
Categories: Zambia, Malawi, Mozambique, Infrastructure, Regional Integration
30/06/2010 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on Wednesday, 30 June 2010 in Tunis a USD 48.89 million loan to assist the Republic of Zambia in implementing its Fifth National Development Plan aimed at economic growth and poverty reduction.
Categories: Zambia, Poverty Reduction, Economic & Financial Governance
05/02/2010 - The AfDB Zambia Country Office Resident Representative, Freddie Kwesiga, joined by the Ambassador of Finland to Zambia, Mrs. Antila Sinikka and Mr. Abednego Banda, Permanent Secretary in the Ministry of Agriculture and Cooperative, on Tuesday 26 January 2010, toured two sites of past and on-going Bank funded Irrigation Projects in Mazabuka in southern Zambia.
Categories: Finland, Zambia, Agriculture & Agro-industries
06/11/2009 - The International Conference on the Great Lakes Region (ICGLR) ended on Friday, November 6, 2009, in Bujumbura, Burundi. The closing ceremony was presided over by the Burundian President, Pierre Nkurunziza, and Zambian President, Rupiah Banda, who is also the ICGLR’s current chairperson. Speaking during the conference, Bank Group President, Donald Kaberuka, reaffirmed his institution’s support to the Great Lakes region, recalling that the Bank Group was a co-organizer of the roundtable.
Categories: Burundi, Angola, Democratic Republic of Congo, Central African Republic, Congo, Kenya, Rwanda, Uganda, Tanzania, Zambia, Regional Integration, Fragile States Facility
05/11/2009 - The African Development Bank (AfDB) Group President, Donald Kaberuka, has reaffirmed AfDB support to the Great Lakes Region and the region’s eleven countries at the International Conference on the Great Lakes Region (ICGLR) taking place in Bujumbura, Burundi, where the AfDB is attending as a member of the conference and a bilateral partner.
Categories: Burundi, Angola, Democratic Republic of Congo, Central African Republic, Congo, Kenya, Uganda, Rwanda, Tanzania, Sudan, Zambia, Regional Integration, Fragile States Facility, President's Corner
