The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
21/05/2019 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.
21/05/2019 - The African Development Bank has since 1995 granted five loans totaling $700 million to the Development Bank of Southern Africa (DBSA), a governmental financial institution with special focus on infrastructure expansion. The transactions have helped to deepen financial markets and buoyed local businesses.
15/05/2019 - The Board of the African Development Bank on 15 May 2019 approved a EUR 90 million loan to support the establishment of the Kenya Mortgage Refinance Company (KMRC) to aid access to affordable mortgage loans by lower and middle income households.
06/05/2019 - Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources.
These findings were revealed at a workshop hosted by the African Development Bank and a high-level delegation from the Ethiopian government.
24/04/2019 - The Agriculture Fast Track Fund (AFT), hosted by the African Development Bank, has announced Us$ 3,390,000 funding for 17 new small and medium enterprises in the agriculture sector as part of its transformative support for food security, income enhancement, job creation, and improving the livelihoods of smallholder farmers in Africa.
18/04/2019 - The African Legal Support Facility has provided advisory services support to the Government of Rwanda for the negotiation of its deal with Symbion Power to develop a $200-million-dollar energy plant by Lake Kivu in Rwanda, signed on 29 March 2019.
16/04/2019 - The manufacturing sector will hold the key to future growth in East Africa, the African Development Bank’s lead Economist for the Bank’s East Africa Regional Office has emphasised.
12/04/2019 - Thousands of people in South Sudan have received relief from a food security project which is addressing the nation’s severe food and nutrition needs.
The South Sudan Short-Term Regional Emergency Response Project (STRERP) was launched in December last year by the government with a $43.57 million grant from the African Development Bank. The World Food Programme is implementing the project.
11/04/2019 - With poems, videos and a riveting testimony from a former Prosecutor General of the United Nations International Criminal Tribunal for Rwanda (ICTR), the African Development Bank, in collaboration with the Rwandan Embassy and the Rwandan community in Côte d’Ivoire, observed the 25th commemoration of the Genocide against the Tutsis in Rwanda under the theme “Remember-Unite-Renew”.