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
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.
26/03/2019 - Uganda has ratified the agreement for the establishment of the African Legal Support Facility (ALSF), becoming the 27th member state of the body, which is an international organization hosted by the African Development Bank Group.
27/02/2019 - East African governors of the African Development Bank on Wednesday commended the institution for approving transformative projects valued at $13.8 billion since 2010.
05/11/2018 - The African Development Bank has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project. The financing will reinforce Uganda’s position as a regional transit hub, supporting its ambition to propel its economy into middle-income status by 2020.
12/10/2018 - The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap for accelerating regional integration in the Region with regional infrastructure development among the main pillars of the plan. The Strategy will guide the Bank’s regional operations in 13 countries, namely Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania and Uganda.
04/06/2018 - During this year’s Innovation4Climate meeting in Germany, focused on “Adaptation metrics for innovative results-based adaptation and resilience finance,” the African Development Bank hosted a workshop on Tuesday, May 21, in cooperation with Perspectives Climate Group, The Higher Ground Foundation.
24/05/2018 - The African Development Bank Group (AfDB) on June 15th, 2017, announced the conclusion of a settlement agreement with Sinohydro Corporation. An investigation conducted by the AfDB’s Office of Integrity and Anti-Corruption established that Sinohydro Corporation engaged in a fraudulent practice in bidding for works contracts in the context of the AfDB-financed Road Sector Support Project in Uganda.
16/04/2018 - For the first time ever, the African Development Bank has released summaries of the African Economic Outlook (AEO), its main flagship report, in three African languages: Arabic, Hausa and Kiswahili. These three languages are among the most widely spoken by over 300 million Africans. Releasing the report in local languages aims to increase accessibility of the publication’s findings to a large segment of Africans and promote linguistic inclusiveness. This release is also the latest innovation for increasing the relevance and timeliness of the African Economic Outlook.
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12/04/2018 - With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a US $4-billion refinery in the country’s Hoima district. The project will be a joint venture with the Ministry of Energy and Mineral Development and the Uganda National Oil Company (UNOC), a limited liability oil company owned by the Government of Uganda.