News & Events
16/06/2017 - Ahead of World Day to Combat Desertification and Drought, the African Development Bank (AfDB) announced that it would work with partners to accelerate the implementation of the Drought Resilience Sustainable Livelihood Support Programme (DRSLP) in the Horn of Africa.
06/06/2017 - The African Development Bank has identified political will as a key ingredient to Africa’s agricultural transformation agenda and to pull millions of people out of poverty.
31/05/2017 - On May 24, 2017 at the 52nd Global Environment Facility (GEF) Council meeting, the GEF approved a total funding of US $11.2 million for two projects co-financed with the African Development Bank (AfDB). The projects, one in Mali (Scaling up a Multiple Benefits Approach to Enhance Resilience in Agro- and Forest Landscapes of Mali’s Sahel Regions) and the other in Benin (Sustainable Forest Management and Conservation Project in Central and South Benin) focused on the “poorest and most vulnerable”, particularly Least Developed Countries (LDCs), according to the GEF CEO Naoko Ishii. Mali and Benin are both LDCs and the projects will improve land and forest management to promote sustainable, resilient and healthy agro- and forest ecosystems. The projects comprise new funding for US $8.6 million (Mali) and US $2.6 million (Benin) with a total AfDB co-financing of $78.8 million.
29/05/2017 - Thirteen African countries have signed a series of partnership agreements with India to enhance the supply of agricultural machinery, credit advancement to farmers and scientific cooperation.
25/05/2017 - Making a difference in people’s lives requires effective and high quality operations for long-term impacts. Effective tracking and transparency in achieving impact are instrumental to achieve the High 5 goals.
To scale up its impact, the African Development Bank announced the winners of the Africa Development Impact during its Annual Meetings in Ahmedabad, India, on May 24, 2017, with Lerato Mbele acting as master of ceremony and Nollywood actress Omotola J. Ekeinde handing over the awards.
24/05/2017 - Although African countries have spent money on energy during the last decades, the investments made have not kept pace with the continent’s population economic growth that increased the need for energy. Lack of reliable, abundant power is seriously hindering the continent’s transformation.
24/05/2017 - The African Development Bank Group and Ethiopia signed loan and grant agreements to the tune of US $5.6 million on Wednesday for additional resources to Ethiopia’s One Water, Sanitation and Hygiene Program. The Bank’s support focuses on the rural and pastoralist areas and is timely in the light of the drought that is being experienced in the horn of Africa.
05/05/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation of a bankable business case for the development of a 20MW off-grid solar PV rooftop project on buildings owned and managed by Old Mutual Property Group Zimbabwe countrywide. The joint Oxygen and Old Mutual Zimbabwe project aims at compensating for the significant baseload lapses of the national grid and at providing reliable electricity to hundreds of Small and Medium Enterprises (SMEs) that are already tenants at the Old Mutual premises. In doing so, the Project will substitute large quantities of diesel oil used as backup fuel.
11/04/2017 - The African Development Bank’s Vice President for Power, Energy, Climate and Green Growth Sector Complex, Amadou Hott, was in Livingstone, Zambia, on 30 and 31 March 2017 attending the 2,400-MW Batoka Gorge Hydro Electric Scheme (BGHES) investors’ conference, where stakeholders discussed progress and financial support to the scheme.
31/03/2017 - The Board of Directors of the African Development Bank (AfDB) approved a project preparation grant of USD 2.3 million to kick-start future investments in decentralized power systems in rural and urban areas in Uganda. The grant was provided by the Scaling–Up Renewable Energy Programme of the Climate Investment Funds managed by the AfDB’s Department of Climate Change and Green Growth.