News & Events
19/08/2017 - The African Development Bank has given its support to Southern African leaders in their efforts to accelerate development and growth in the region. AfDB President Akinwumi Adesina was among a host of leaders who delivered remarks at the opening ceremony of the 37th SADC Heads of State Summit, which got underway in South Africa’s capital, Pretoria on Saturday. While lending the Bank’s support, the AfDB President also made a clarion call for action when it comes to power supply, agriculture investment, climate change, industrialization and domestic resource mobilisation in the region.
- From: 12/09/2017
- To: 15/09/2017
- Location: Addis Ababa, Ethiopia
The African Development Bank Group (AfDB), collaborating with other partners, is undertaking preparatory arrangements for the AMCOMET - Africa Hydromet Forum, which is scheduled to take place at the headquarters of the African Union Commission, in Addis Ababa, Ethiopia from 12th to 15th September 2017.
19/07/2017 - The Climate Investment Funds (CIF) has approved US $21.7 million for the United Republic of Tanzania to finance its Geothermal Energy Development Project.
10/07/2017 - The Africa Climate Change Fund (ACCF), housed in the Climate Change and Green Growth Department of the African Development Bank (AfDB), is launching a call for proposals.
07/07/2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 1 million Emergency Humanitarian Assistance to people affected by drought and famine in Kenya.
On 10th February 2017, the Government of Kenya declared the drought a national disaster following extreme dry spells in pastoral zones since August 2016. These have resulted in high local cereal prices, increasing livestock mortality and conflict that have exacerbated the impact of the drought. Food prices are currently 10%-25% above their five-year averages and are expected to continue rising.
03/07/2017 - Morocco received approval for a US $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. The Midelt Phase I Concentrated Solar Power Project is being supported by the African Development Bank (AfDB) and the World Bank with an additional allocation of US$ 25 million in CTF resources.
29/06/2017 - The African Development Bank’s Board of Directors approved a US $3-million grant of the Bank’s Sustainable Energy Fund for Africa (SEFA) for Phase 2 of the Green Mini-Grid Market Development Programme (GMG MDP). Implemented by the Bank-hosted SEforALL Africa Hub, the GMG MDP’s objective is to support the scale-up of investments in commercially viable GMG projects through a broad range of interventions to improve the enabling environment. The project seeks to remove or reduce market barriers at regional scale and strengthen the ecosystem for the emergence of a thriving GMG sector in Sub-Saharan Africa – contributing significantly to the objectives of SEforALL and the New Deal on Energy for Africa.
27/06/2017 - The Climate Investment Funds (CIF) awarded Liberia a grant in the amount of US$ 23.25 million to help transform the country’s renewable energy sector. The project aims at developing a 9.8 MW hydropower plant at Gbedin Falls on the Mano River in Nimba County and provide a low-cost, sustainable and reliable source of electricity to Liberia.
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.