News & Events
15/06/2017 - The African Development Bank (AfDB) Group and Export Trading Group (ETG) marked a significant milestone on May 30 with the signing of a US$ 100 million loan to finance part of the company’s Agricultural Investment Program (IP) in Africa which will promote employment for youths and women, and adopt an integrated value-chain approach that emphasizes access to regional and global markets.
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.
30/03/2017 - Recent workshops in Ethiopia and Ghana took forward opportunities to develop projects to improve urban transport and mobility in the two cities.
Co-organised by the Infrastructure Consortium for Africa (ICA) and country offices of the African Development Bank, the workshops took place in Addis Ababa and Accra on March 14 and 22, 2017, respectively.
15/02/2017 - The eight-nation Intergovernmental Agency on Development (IGAD) has secured a US $3.50-million grant from the African Development Fund (ADF), the concessional window of the African Development Bank Group, to finance the agency’s Infrastructure Master Plan (IRIMP).
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.
- From: 28/01/2017
- To: 31/01/2017
- Location: Addis Ababa, Ethiopia
The 28th African Union Summit is underway at the African Union headquarters in Addis Ababa, Ethiopia. From January 22-31, 2017, the African Union is holding its 28th Ordinary Session under the theme “Harnessing the demographic dividend through investments for youth”.
19/12/2016 - Independent Development Evaluation (IDEV) of the African Development Bank Group (AfDB) has published a report of unprecedented scope, which measures the relevance, effectiveness, sustainability and efficiency of AfDB’s operations across the African continent over the past decade.
15/12/2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines’ expansion plan and fleet modernization program. The package comprises two tranches, with the first tranche (85% of the financing) being covered by African Trade Insurance, Africa’s export credit agency, which will be providing credit risk insurance to the transaction. The investment is a reflection of the Bank’s new strategic thrust to achieve its five operational priorities and is rooted on the necessity to integrate Africa and improve air connectivity in the continent.
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.