News & Events
02/03/2017 - The German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled his Government’s proposed “Marshall Plan” with Africa at the African Development Bank Group (AfDB), saying the Plan can help resolve some of the challenges facing Africa.
02/03/2017 - On February 28, 2017, Bank Group Director General (DG), Southern Africa Regional Development and Business Delivery Office, Tonia Kandiero, and Zimbabwe’s Finance and Economic Development Minister, P.A. Chinamasa, signed a grant agreement on the Institutional support for State enterprise reform and delivery project (ISERDP) for a total amount of UA 3.0 million (approximately USD 4 million).
02/03/2017 - On Monday, February 27, 2017 in Khartoum, African Development Bank President Akinwumi Adesina paid a courtesy call on the President of the Republic of Sudan, Field Marshal Omar al-Bashir, in the company of the Minister of Finance and Economic Planning, Badre Eldin Mahmoud Abbas, during an official visit to the country. Adesina was accompanied by the Executive Director, Kwabena Boadu Oku-Afari, who represents Sudan on the Bank’s Board; the AfDB Director General (East), Gabriel Negatu; and Sudan Country Manager for the Bank, Abdul Kamara.
27/02/2017 - The African Development Bank (AfDB), in collaboration with the World Health Organization-Africa Region and the Collaborative Africa Budget Reform Initiative (CABRI), organized a capacity-building workshop for senior officials from Ministries of Finance, Health, Education and civil society organizations from February 21-23 in Abuja, Nigeria. The workshop targeted Economic Community of West African States (ECOWAS) member countries (Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo).
30/01/2017 - The African Development Bank President, Akinwumi Adesina, attended the official opening ceremony of the 28th Ordinary Session of the Assembly of the African Union, which kicked off Monday in Addis Ababa.
25/01/2017 - The Board of Directors of the African Development Bank has approved a US $90-million financial package comprising a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit to Commercial Bank of Africa Limited (CBA), Kenya.
11/01/2017 - Le Conseil d'administration de la Banque africaine de développement (BAD) a approuvé, le 11 janvier 2017, un prêt de 200 millions d'euros au Gabon, pour soutenir le Programme d'appui aux réformes économiques et financières (PAREF). Le prêt vise à relancer la croissance économique, en renforçant la viabilité des finances publiques et la transformation structurelle de l'économie dans un contexte marqué par la récente baisse des prix du pétrole, qui a fortement affecté l'économie du pays.
04/01/2017 - The AfDB publication, “The Role of Nascent Entrepreneurship in Driving Inclusive Economic Growth in North Africa”, analyses the role of nascent entrepreneurship in driving inclusive growth in North Africa. Inclusive growth is economic growth that allows vulnerable population (poor, women, youth), to participate in, contribute equally to, and benefitting from economic growth. The vulnerable population can participate in economic growth through the private sector in two ways, including as employees (job creation) or as business owners (entrepreneurship).
19/12/2016 - The African Development Bank, on 19th December 2016, signed a loan of US$ 500 million to finance the Egypt Economic Governance and Energy Support Program Phase II. The loan, which was approved by the Bank’s Board of Executive Directors on 13th December 2016, is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully disbursed in early January 2016.
15/12/2016 - The Board of Directors of the African Development Bank (AfDB), has approved a loan of US$ 500 million to finance Egypt’s economic governance and energy support program phase II. The loan is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully disbursed in early January 2016.