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AfDB convenes lenders to secure Kenya’s largest private sector investment
25-Mar-2014 - Lake Turkana Wind Power Project (LTWP) marked a significant milestone on Monday, March 24 with the loan signing of €623 million (Ksh 76 billion), making it the largest private investment in Kenya’s history.Delegation of AfDB Executive Directors complete consultation mission to Sudan
21-Mar-2014 - A delegation of nine Executive Directors (EDs) of the African Development Bank (AfDB) visited Sudan from March 15-20, 2014 to engage with the Government and stakeholders in a dialogue on strategic economic, social and development issues of common interest.AfDB Levies US $17 Million in Financial Penalties in Corruption Case
21-Mar-2014 - Kellogg Brown & Root LLC, Technip S.A. and JGC Corp. agree to pay the equivalent of US $17 million in financial penalties as part of Negotiated Resolution Agreements with the African Development Bank following admission of corrupt practices by affiliated companies in relation to the award of services contracts for liquefied natural gas production plants on Bonny Island, Nigeria, from 1995 until 2004.North Africa needs labour market reforms to boost employment and economic growth
19-Mar-2014 - It is now three years since the Arab Spring and while some steps have been taken by governments in North Africa, the region remains in transition with a growing divide between the ‘haves’ and the ‘have-nots’ that still needs to be bridged to achieve social stability and make growth more inclusive.Tunisia – 2014-2015 Country Strategy Paper
19-Mar-2014 - The Board of Directors of the African Development Bank Group (AfDB) approved in Tunis on 5 March 2014 the Interim Country Strategy Paper (I-CSP) of the Republic of Tunisia for the 2014-2015 period.New AfDB publication to focus on safeguards and sustainability
19-Mar-2014 - The African Development Bank’s Quality Assurance and Results Department has launched the first issue of its new Safeguards and Sustainability SeriesSEFA and partners launch joint competition to link entrepreneurs, clean energy projects and investors in Africa
19-Mar-2014 - Together with partners, the Sustainable Energy Fund for Africa (SEFA) is co-organizing the Africa Forum for Clean Energy Financing (AFRICEF-3) Business Plan Competition. The aim of the competition is to identify and nurture entrepreneurs, start-ups and existing companies with green ambitions in Africa, and serve as a conduit between them and financiers. To be considered, projects must promote clean energy technologies, products or services.
Africa CEO Forum 2014: President Donald Kaberuka reiterates his belief in Africa’s emergence
18-Mar-2014 - The Africa CEO Forum 2014, one of the most important gatherings of African business leaders officially opened in Geneva on Monday, March 17. The three-day event closes on Wednesday. Organized by the publishing house Groupe Jeune Afrique in partnership with the African Development Bank (AfDB), the second Africa CEO Forum boasted “680 participants, speakers and journalists from more than 38 countries.”
World Water Day 2014: AfDB and the water-energy nexus
18-Mar-2014 - Water and energy are closely interlinked and interdependent. Energy generation and transmission requires utilization of water resources, particularly for hydroelectric, nuclear, and thermal energy sources.
The AfDB Group launches a logo competition for African design students
14-Mar-2014 - The African Development Bank Group has launched a competition for young African design students to design a logo for its newest department, “the African Natural Resources Centre” (ANRC). The winner, who must be enrolled in a design program at an African educational institution, will be invited to the launching ceremony of the ANRC at the AfDB Annual Meetings in Kigali, Rwanda. The contest aims to give exposure to emerging talent on the African continent. The deadline for submission is 14 April.
African Renewable Energy Fund (AREF) launched with $100m committed capital and anchor investments from AfDB and SEFA
13-Mar-2014 - Fund to be headquartered in Nairobi Eddie Njoroge member of Fund Investment Committee The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on Sub-Saharan Africa closed on Wednesday, March 12, 2014 with US $100 million of committed capital to support small- to medium-scale independent power producers (IPPs).AfDB to focus on Africa’s next 50 years at 2014 Annual Meetings in Kigali
13-Mar-2014 - The African Development Bank Group will look towards the next half century and what it hopes to achieve on the continent during its 2014 Annual Meetings in Kigali, Rwanda.
Senegal is satisfied with the volume of the AfDB project portfolio but appeals for faster audits
13-Mar-2014 - The overall situation of the portfolio of projects initiated by the African Development Bank (AfDB) Group in Senegalhas greatly improved, the nation’s Minister of Economy and Finance, Amadou Bâ, announced on Wednesday, March 12, 2014 in Dakar. But he believed that “efforts are still needed, especially in terms of audits.”AfDB prices SEK 1 billion Green Bond due March 2019
10-Mar-2014 - On Thursday, March 6, 2014, the African Development Bank (AfDB) launched its second Swedish Krona (SEK) Green Bond transaction. Coming after its inaugural SEK 5-year Green Bond in floating rate format, AfDB took advantage of the strong positive momentum and demand created from the first deal to follow up with another SEK 1 billion 5-year transaction – this time in fixed rate format.
AfDB Ethiopia office promotes the institution’s Gender Strategy at International Women’s Day Celebration
10-Mar-2014 - The African Development Bank (AfDB)’s office in Addis Ababa, Ethiopia kicked off celebrations of this year’s International Women’s Day on 7 March 2014 with a brief remark by Josephine Ngure, the Resident Representative, who stressed that gender equality is a commitment everyone should practise every day – within their families, their communities and within the AfDB – and should not be limited to a yearly event.
Transforming Africa’s procurement landscape, transforming Africa
10-Mar-2014 - The African Development Bank has decided to undertake a comprehensive and detailed review of its procurement policy to ensure that it remains in tune with the changing world situation, particularly in Africa. The review is expected to be transformational – a 1% reduction in procurement costs on the continent would represent an annual savings of approximately US $3 billion, money that could be invested elsewhere.The AfDB’s responsiveness at work in Morocco through the Independent Review Mechanism
10-Mar-2014 - People adversely affected by the African Development Bank Group (AfDB) financed projects have, in the Independent Review Mechanism (IRM), a recourse system that enables them to call on the institution to comply with its own policies and procedures.AfDB and Mo Ibrahim Foundation support Sierra Leone in fighting bribery
10-Mar-2014 - The African Development Bank (AfDB) in collaboration with the Mo Ibrahim Foundation and the Government of the Republic of Sierra Leone under the auspices of Sierra Leone President Ernest Bai Koroma organized a two day high level dialogue on the State of Good Governance in Africa with special emphasis on Sierra Leone on February 20-21, 2014.