04-Jun-2014 - The SE4ALL Africa Hub convened representatives of the Eastern, Central and Southern African Sustainable Energy for All (SE4ALL) focus countries for a workshop on the development of SE4ALL Action Agendas and Investment Prospectuses in Addis Ababa from May 29-30.
04-Jun-2014 - Sub-Saharan Africa saw unprecedented declines in child mortality over the past two decades. The under-five mortality rate in the region dropped from 177 deaths per 1,000 live births in 1990 to 98 per 1,000 in 2012. There has been an acceleration in the rate of child mortality decline during the MDG period; the pace of decline increased in 34 countries in Sub-Saharan Africa from 2000–2010 as compared to 1990–2000.
04-Jun-2014 - Recent political and social developments in Morocco reveal the importance of the social dimension in the Government’s policies. With the African Development Bank’s support, the Government of Morocco has been engaged in large-scale social projects since 2005, including the Initiative for Human Development and the Regime d’Assistance Medicale (RAMED), a health insurance scheme for the most vulnerable.
04-Jun-2014 - For decades Tunisia has been one of Africa’s best performers in macroeconomic and social policies. But the social unrest and political turmoil that engulfed the country in January 2011 showed that, despite its comparative economic success, several key social and development challenges remained.
04-Jun-2014 - Achieving the health Millennium Development Goals in Africa requires training a dynamic and skilled health workforce. Most African countries suffer from considerable underfunding of the health sector, along with critical health workforce shortages, poor distribution and inadequate performance.
04-Jun-2014 - On July 4-5, 2012, the Harmonization for Health in Africa initiative organized a high-level dialogue among African Ministers of Finance and Health on Value for Money, Sustainability, and Accountability in the Health Sector, which was hosted by the African Development Bank in Tunis.
04-Jun-2014 - African Ministers of Labour and Employment launched the Joint Youth Employment Initiative during the 9th Ordinary Session of the AU Labour and Social Affairs Commission in Addis-Ababa in April 2013. Later that year, in September in Addis-Ababa, four partner organizations signed a Letter of Intent that commits technical and financial resources to launch the proposed activities in the framework of the initiative.
04-Jun-2014 - Spurred by technological innovation, a rapid information and communication revolution is taking place in Africa, especially in mobile technology, cloud computing, biotechnology and e-governance. From 2008 to 2010, most countries in Africa doubled or tripled their international bandwidth capacity and some have even seen a 10-fold increase. Nowadays, one in every two Africans owns a mobile phone.
04-Jun-2014 - In recent years Africa has undergone an economic transformation characterized by continuous growth, an emerging middle class, a demographic dividend, technology takeoff and the prospects of prosperity and innovation. But with rising urbanization, an epidemiological transition, and a growing and aging population, the demand for hospital care will inevitably rise. Hospitals must evolve to meet the needs of the new Africa.
02-Jun-2014 - The Board of Directors of the African Development Bank Group (AfDB) has approved a Unit of Account (UA) 70 million (about $109 million) loan to the Government of Uganda to finance the Road Sector Support Project Vto support the realization of the National Development Plan (NDP) and Vision 2040 of Uganda.
02-Jun-2014 - Florence Limbio, Minister of the Economy, Planning, Cooperation and Development for the Central African Republic, called for the development of a new plan, under which her country and its multilateral partners – including the African Development Bank (AfDB) – focus on key priorities and add fresh impetus to CAR's economic reconstruction programme.
30-May-2014 - The Board of Directors of the African Development Group approved on Wednesday, April 30, 2014 an African Development Fund (ADF) loan of US $23.0 million, a loan of US $7.7 million from the Nigerian Trust Fund (NTF), and a grant of US $4.8 million from the Rural Water
30-May-2014 - The Board of Executive Directors of the African Development Bank Group (AfDB) has approved a project for Swaziland for the amount of UA 30 million (approximately 47 million dollars) to improve the standard and quality of the road linking Manzini to Mbadlane in the area of Manzini in Swaziland.
The city of Manzini provides employment to more than 250,000 Swazis who will directly benefit from the project in terms of economic activities and travel cost and time.
29-May-2014 - The AfDB’s Agriculture Fast Track Fund (AFT) has awarded two grants worth almost US$1.5 million to high value agriculture infrastructure projects in Mozambique. EcoFarm Sugar Cane Production and Odebrecht Integrated Poultry Production projects have been selected for their strong impact on local communities in Mozambique.
29-May-2014 - The Agriculture Fast Track Fund (AFT) has awarded two grants worth almost US$650,000 to high value agriculture infrastructure projects in Tanzania. Tanga Fresh UHT Milk Factory and Kijani Agro Integrated Horticulture projects have been selected for their strong impact on local communities in Tanzania.
29-May-2014 - The Board of Executive Directors of the African Development Bank Group (AfDB) approved on May 28, 2014 in Tunis the AfDB’s first Human Capital Strategy (HCS).
29-May-2014 - The Board of Executive Directors of the African Development Bank Group (AfDB) approved on 28 May, 2014 a Transport Sector Support Project for Senegal for the amount of UA 23.77 million (approximately 35.800 million dollars). The funding is provided through the African Development Fund (ADF) and will serve for the
29-May-2014 - The AfDB’s Agriculture Fast Track Fund (AFT) has awarded four new grants amounting to almost US$2,000,000 to high value agriculture infrastructure projects in Mozambique and Tanzania.
29-May-2014 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 28, 2014 a USD 280 million Trade Finance Package for African Export – Import Bank (Afreximbank). The facility consists of a USD 30 million equity investment, a USD 150 line of credit and a USD 100 million unfunded Risk Participation Agreement (RPA) respectively. This composite facility of capital, liquidity and guarantees will help to expand Afreximbank’s risk bearing capacity and provide medium-term funds for financing various trade transactions and...
28-May-2014 - On March 21, 2014, the African Development Bank’s Integrity and Anti-Corruption Department (IACD)announced the conclusion of settlement agreements with three multinationals following the companies’ admission of corrupt practices in a Bank-financed project. As part of the settlement agreements, IACD imposed financial penalties totaling US $17 million.