News & Events
08/12/2016 - On Wednesday 7th December of 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved USD 57.6M grant and USD 35.3M loan (Approximately USD 92.9 million) to the Government of Ethiopia for the upgrading of 240km of gravel road sections to all-weather asphalt concrete surfaced road.
The road sections are in Oromia and in Southern Nations, Nationalities and Peoples Region (SNNPR). The project will serve the population of 1.4 million living in 8 woredas (districts) and contribute to the transformation of rural economies and moving up the agricultural value chain.
02/12/2016 - The African Development Bank (AfDB) Climate Investment Funds (CIF) unit released in November a new study which details regional member countries’ progress in ratifying the Paris Agreement and their efforts to transition Intended Nationally Determined Contributions (INDCs) into Nationally Determined Contributions (NDCs). The report found that in many countries, projected contributions will be conditional based upon receipt of climate finance support.
14/10/2016 - The African Water Facility (AWF) held a three-day event from September 28 to 30, 2016 to launch the Improved Sanitation Value Chain (ISVC) project, which aims to serve the urban poor in Arba Minch Town, one of the major cities of Southern Ethiopia. The AWF €1.5-million grant to the ISVC project will contribute toimprove sanitation and faecal waste management for more than 21,000 Arba Minch citizens while boosting the local businesses and agricultural production with the provision of eco-friendly and affordable fertilisers.
15/07/2016 - The African Development Bank has approved a USD 104 million loan to the Government of Ethiopia for a project which will sustainably extend power to industries, small businesses to enhance job creation and improve access to basic services in the country’s Tigray and Afar regions.
23/05/2016 - Urbanisation of cities is now characterised with slums due to lack of planning by some local government authorities, says UN-Habitat Deputy Executive Director and Assistant Secretary-General Aisa Kirabo Kacyira.
10/05/2016 - The African Development Bank was an associate sponsor of the 13th Annual Conference of the Africa Venture Capital Association (AVCA) that took place in Addis Ababa, Ethiopia, April 25-27, 2016. The AVCA annual conference is the largest African private equity (PE) gathering globally. More than 400 participants representing the industry attended the conference, including African private equity and venture capital firms, institutional investors, foundations, international development institutions and global professional services firms.
07/04/2016 - At its regular sitting in Abidjan, Côte d’Ivoire on Wednesday, the Board of Directors of the African Development Bank Group (AfDB) approved Ethiopia’s Country Strategy Paper for 2016-2020, which aims to support the country’s ambition of becoming an industrialized middle-income country by 2025.
05/04/2016 - The Africa Regional Integration Index (ARII) Report – Africa’s first effort to measure progress on regional integration – was launched Saturday, April 2 in Addis Ababa, Ethiopia, during African Development Week, which is taking place from March 31 to April 5. Out of all the Regional Economic Communities, the report cites the East African Community as the most integrated region.
29/03/2016 - The Paris Agreement on climate change of December 2015 has placed Africa at the fulcrum of renewable energy deployment, but African countries have to take the responsibility for taking stock for a long-term development strategy, international climate and energy experts said at a recent meeting in Addis Ababa.
03/02/2016 - The African Development Bank’s President, Akinwumi Adesina, addressed the issues of youth employment and migration in a speech delivered before the 34th session of the New Partnership for Africa’s Development (NEPAD) Heads of State and Government Orientation Committee, at the Africa Union Summit in Addis Ababa on January 29, 2016.