The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
26/03/2019 - African Development Bank President Akinwumi Adesina and His Majesty Letsie III, the King of Lesotho, met at the Bank’s headquarters in Abidjan, Cote d’Ivoire on Tuesday, where they reaffirmed their commitment to push for increased investment in ‘gray matter’ infrastructure, which they described as critical to overcoming Africa’s nutrition challenges.
01/03/2019 - The Bank’s regional governors from southern Africa gathered yesterday to consider and discuss the work of the African Development Bank in the past year, following detailed presentations by the Bank’s senior management and an opening speech of welcome by Bank President Akinwumi Adesina.
20/02/2019 - Did you know that every $1 invested in nutrition generates as much as $138 in better health and increased productivity?
The evidence is clear: improving nutrition boosts personal health as well as economic health.
11/02/2019 - African Development Bank President Akinwumi Adesina, held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union. Adesina met with His Excellency Andrei Rajoelina, President of Madagascar and His Majesty Letsie III, King of Lesotho.
13/09/2018 - His Majesty King Letsie III of the Kingdom of Lesotho made a commitment to mobilize and engage with African Heads of State and Finance Ministers to rally behind the African Leaders for Nutrition initiative in the upcoming African Union Summit in January 2019.
10/04/2018 - The Southern African Governors of the African Development Bank have described the Bank as the future of Africa’s development, and called on it to lead the way to faster-paced development of the continent.
13/02/2018 - The African Development Bank and the Lesotho Chamber of Commerce and Industry (LCCI) signed a Fund for African Private Sector Assistance (FAPA) grant agreement of US $915,000 to finance the Economic Diversification Support Technical Assistance Project.
The agreement was signed by the Bank’s Deputy Director General for the Southern Africa Regional Development and Business Delivery Office (RDGS), Josephine Ngure, and the Lesotho Chamber of Commerce and Industry Chief Executive Officer, Fako Hakane.
13/02/2018 - The African Development Bank Group and the Kingdom of Lesotho have signed a loan agreement for US $7 million to support the country’s Tax Modernization Project.
The project aims to strengthen the effectiveness of tax administration to create fiscal space by expanding the tax base, modernizing collection and compliance procedures. This project is part of the Bank’s continued support to the Government’s policy priorities as guided by the current National Strategic Development Plan (NSDP).
05/12/2017 - The United Nations Development Programme launched its Income Inequality Trends in Sub-Saharan Africa report on Monday during the African Economic Conference in Addis Ababa, Ethiopia.
11/08/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US$ 695,500 grant to NEO I SPV Pty Ltd., a subsidiary of OnePower Lesotho Pty Ltd., to support the preparation of a bankable business case for the development of the winning project of the 2016 Lesotho 20 MW solar PV tender, foreseen to become the first utility-scale solar PV project in Lesotho.