News & Events
12/09/2017 - The Government of Kenya has expressed delight with the African Development Bank Group as a major partner in the country’s development agenda.
The Cabinet Secretary for the Ministry of Foreign Affairs of the Republic of Kenya, Ambassador Dr. Amina Mohammed, made the commendation when Nnenna Nwabufo presented her letter of accreditation as the African Development Bank’s Country Manager on August 22.
07/09/2017 - Tackling climate change in Africa will work effectively if efforts are first geared towards eliminating challenges faced by smallholder farmers across the continent, experts say.
The problem of climate change and how it has affected the continent’s agriculture sector was one of the key topics at the 7th African Green Revolution Forum in Abidjan, Côte d’Ivoire.
24/07/2017 - The AfDB has briefed donors on its new Country Brief for Somalia and the status of the Multi-Partner Somalia Infrastructure Fund (SIF). The briefing was chaired by Gabriel Negatu, Director General of the Bank’s Eastern Africa Regional Centre. Representatives from the Italian Agency for Development Cooperation, UK DfID, USAID, High Commission for India, Delegation of the European Union to Somalia, and the French, Danish and Finnish Embassies participated in the meeting.
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.
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.
20/04/2017 - Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, is pleased to announce the appointment of Carole Wamuyu Wainaina as Chief Operating Officer. She will lead a multi-disciplinary team on the non-investment side of the organization, including Investor Relations, Strategy, Communications, HR and Administration, and Environmental and Social Governance.
31/03/2017 - The African Development Bank Group (AfDB) approved USD 253.0 million of loans to the Governments of Kenya (USD 147.3 million) and Uganda (USD 105.7 million) for the upgrading of 118 km road section connecting the two countries as well as the construction of the 32 km Eldoret town bypass, in Kenya. Once completed in 2021, the project will contribute to improve the living standards of the 1.4 million people in the project zone of influence.
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).
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.
05/01/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $992,000-grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya. The project is based on standard run-of-the-river technology, but features an innovative community ownership structure, where financial returns will also accrue to members of the Mutunguru community in Central Kenya, mainly due to a shareholding structure where communities actually receive a fixed small share of the project’s profits.