News & Events
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.
22/12/2016 - The African Development Bank (AfDB) and the Women in Parliaments Global Forum (WIP) convened female Parliamentarians from 12 African countries in Nairobi, Kenya, to share perspectives on strategies for female MPs to promote legal reforms which ensure that women’s property rights are included in all African legal frameworks. The meeting provided an occasion to discuss and address the current African property rights landscape with special attention given to the role of MPs in advancing property and inheritance laws for women across Africa.
09/12/2016 - The African Development Bank (AfDB)’s consultations with East African civil society organizations (CSOs) concluded on December 9 in Nairobi, Kenya, with participants saying that they are now better equipped to deliver results.
For Caroline Wahome of the Kenya-Based Hivos-People Unlimited said the workshop was very useful. “The meeting has helped us to seize a better picture of the African Development Bank’s work in various countries. The presentation on procurement was about access to information. The procurement rules and procedures need to be taken to grassroots people, and to CSOs located in rural areas, even though they may not have the possibility to bid.”
08/12/2016 - "Environmental and Social Safeguards (E&S) are crucial for the success of develpment projects. They are paramount to ensure projects are environmentally and socially sustainable and that they are implemented with stakeholders' participation and timely public information disclosure:" The issue was discussed on 8 December 2016 in Nairobi, Kenya on the second day of the African Development Bank (AfDB)'s ongoing regional consultations workshop for East Africa Civil Society organizations (CSOs).
07/12/2016 - The African Development Bank’s (AfDB) series of regional consultations meeting with Civil Society Organizations (CSOs) continues across the continent. The East African leg opened on 7 December in Nairobi, Kenya with CSOs advocating for financial support from African source to deliver better on their development agenda and restore trust with government authorities.
07/12/2016 - Participants at the African Economic Conference 2016 in Abuja have identified integrated solutions as key to regional agro-allied industrialization.
Speaking at the “Plenary session 3: Fostering Agro-Allied Industrialization through Regional Value Chains,” they observed that such solutions should digitalize all major interfaces between smallholder farmers and other value chain actors