News & Events
23/02/2018 - During a meeting organized by the African Development Bank in Cairo, Egypt, 11 February 2018 organized on the theme, "improving partnerships in higher education, research and development; promoting brain circulation," participants observed that brain drain is partly responsible for Africa's underdevelopment. They argue that better management of "brain circulation", can help curb this trend. The meeting, attended by more than 45 participants, was part of the Science, Technology and Innovation (STI) Forum organized from 10 to 12 February 2018.
15/02/2018 - African Ministers and heads of delegations attending the third Forum on Science, Technology and Innovation (STI) in Africa in Cairo, Egypt, on February 10-12, have committed to support the continent's youth to build tomorrow's society through innovation.
13/02/2018 - The President of the African Development Bank, Akinwumi Adesina, and the Government of the Arab Republic of Egypt are championing a new push for African countries to work together towards building a new Africa driven by innovation and technology.
The two parties, who spoke at the opening ceremony of the third Africa Science, Technology and Innovation Forum (Africa STI Forum) on Saturday in Cairo, called for greater investment in higher education, science, technology and innovation, and the commercialization of research outputs.
09/02/2018 - The third edition of the 2018 Africa STI Forum, co-organized by the African Development Bank and the Egyptian Government, opens Saturday, February 10 in Cairo, Egypt.
On February 10, Egyptian President Abdel Fattah el-Sisi will attend the opening ceremony alongside the President of the African Development Bank, Akinwumi Adesina, and the Egyptian Minister of Higher Education and Scientific Research, Khaled Abdel Ghaffar.
17/01/2018 - The Board of Directors of the African Development Bank has approved a US $500-million loan to finance Egypt’s Economic Governance and Energy Support Program Phase III. This is the last in a series of three annual loans worth a total of US $1.5 billion covering the fiscal years 2015-2016 to 2017-2018 for the Economic Governance and Energy Support Program Based Operation.
21/12/2017 - In support of the Egyptian Government’s efforts to ensure safe living conditions, the African Development Bank has approved financing amounting to US$ 150 million for the expansion of the essential waste-water treatment plant at Abu Rawash in the Giza Governorate. The funding targets a total treatment capacity of 1.6 million m3/day, intended to benefit over eight million people.
27/10/2017 - Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic (PV) power plants in Egypt for which they had previously entered into a Joint Development Agreement (JDA). The project, which was developed under the second round of the Egyptian Feed-in Tariff Program, reached financial close on October 27.
05/09/2017 - The Board of Directors of the African Development Bank (AfDB) Group has approved three senior loans for a total amount of US$ 55 million to finance three solar PV Projects under the second Round of the Feed-in-Tariff (FiT) Program in Egypt.
24/05/2017 - The African Natural Resources Center of the African Development Bank (AfDB) recently secured US $200,000 from the Korea-Africa Economic Cooperation (KOAFEC) fund to support Tanzania’s gas sector. The Center’s gas expert, Charles Nyirahuku, provides an insight into the expected key deliverables from the facility.
08/05/2017 - The African Development Bank and the Egyptian Agency of Partnership for Development (EAPD) launched on Sunday 7th May, 2017, the first session of the Egyptian-African Program for female African media specialists entitled “African Media Today and the Role of Women in Shaping its Future”. The Program’s objective to bring together female African journalists to learn about Egypt and EAPD activities through lectures, presentations, and site visits.