21/05/2019 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.
06/05/2019 - Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources.
These findings were revealed at a workshop hosted by the African Development Bank and a high-level delegation from the Ethiopian government.
24/04/2019 - The Agriculture Fast Track Fund (AFT), hosted by the African Development Bank, has announced Us$ 3,390,000 funding for 17 new small and medium enterprises in the agriculture sector as part of its transformative support for food security, income enhancement, job creation, and improving the livelihoods of smallholder farmers in Africa.
16/04/2019 - The manufacturing sector will hold the key to future growth in East Africa, the African Development Bank’s lead Economist for the Bank’s East Africa Regional Office has emphasised.
27/02/2019 - East African governors of the African Development Bank on Wednesday commended the institution for approving transformative projects valued at $13.8 billion since 2010.
27/02/2019 - From Kenya to Tanzania, from Uganda to Ethiopia, the familiar sound of petrol and diesel generators is about to disappear from the daily lives of millions of Africans. These East Africa countries have faced regular major power cuts since the early 2000s. But this is about to change; inhabitants of these countries are on the verge of switching them off for good, with the upcoming commissioning of a power transmission line to interconnect Kenya and Ethiopia. This line is scheduled to enter its operational phase in the course of 2019, providing an uninterrupted supply of electricity for all.
21/02/2019 - The Fashionomics Africa initiative of the African Development Bank, together with the African Union, the AfroChampions initiative, and other institutional partners and private operators, launched the Pan-African Fashion initiative on 9 February during the recent AU meetings in Addis Ababa.
20/02/2019 - The African Development Bank has kicked off a feasibility study to explore the potential of electricity cooperative business models in Nigeria and Ethiopia. The effort is part of the Bank’s goal of achieving universal electricity access across Africa by 2025. Currently, power shortages diminish the region’s GDP growth by 2-4% per year, holding back job creation and poverty reduction efforts.
18/02/2019 - The leadership teams of the African Union (AU) Commission and the African Development Bank (AfDB), led by Chairperson of the AU Commission, Moussa Faki Mahamat, and the President of the AfDB, Akinwumi A. Adesina, respectively, held a high-level consultative meeting in Addis Ababa, Ethiopia, on 12 February 2019.
11/02/2019 - The African Union Commission, the African Development Bank and global partners today launched the Continental Nutrition Accountability Scorecard to raise awareness and reinforce commitments by African governments to help end malnutrition.