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AfDB Grants US $0.34 Million to Sudan’s National Energy Research Centre

11-Mar-2013 - The African Development Bank (AfDB) and the Republic of Sudan on February 28, 2013 signed an agreement for a grant of US $0.34 million to the National Energy Research Centre (NERC) to undertake Capacity Building and Assessment of Options for Increasing Access to Energy in Sudan.

L’autonomisation des femmes africaines via l’emploi : Ouagadougou, ville exemplaire

08-Mar-2013 - Gestion des ressources en eau et des déchets, Ouagadougou, Burkina Faso Facilité africaine de l’eau, 8 mars 2013 En ce jour de célébration des femmes, il est opportun de rappeler l’importance de leur rôle pour assurer l’avenir économique du continent africain.  

Women of the AfDB

08-Mar-2013 - Women make up more than half of the African population. The African Development Bank recognizes this and supports the important role of women on the continent both in the projects and programs it finances, and the contributions of its own female staff. On the occasion of International Women’s Day, we pay tribute to a few female Bank staff members, who dedicate their time and energy to the institution and to Africa. It was impossible to do a portrait of each and every one, but here is a selection of a few women leaders, who inspire us on a...

Liberian President Ellen Johnson Sirleaf on Women and Gender

07-Mar-2013 - Question: Your Excellency President Johnson Sirleaf, as the first woman to be elected leader of an African country in modern history and a Nobel Peace Prize-winning advocate for women’s rights, you are a role model for women everywhere. With International Women’s Day on March 8, what is your message today for the youth and women of Africa?

International Women's Day 2013 - The Gender Agenda: Gaining Momentum

07-Mar-2013 - From the President "International Women’s Day is a day of celebration and a day of challenge, often rolled into one. In realizing how far we have come towards ensuring genuine equality of opportunity for women as for men, it becomes clear how far we still have to go."  

International Women’s Day: AfDB Private Sector Operations Create Opportunities for African Women

07-Mar-2013 - Alleviating poverty through entrepreneurship is a key tool for economic empowerment of women in Africa. Women represent over half of Africa’s population and have the potential to transform economies into thriving enterprises. Women entrepreneurs and leaders are the key pillar of an inclusive, private sector-led growth in Africa.

AfDB Calls on Regional Member Countries and Donors to Support African Fertilizer Financing Mechanism

07-Mar-2013 - The African Development Bank Group invites Regional Member Countries and donors to support the Africa fertilizer financing mechanism (AFFM) financially to enable the mechanism to be legally operational as well as support its investment activities,” the Bank’s Sector Operations Vice-President Aly Abou-Sabaa told ministers and experts, on March 6,in Tunis at the 2nd Governing Council Meeting of the AFFM.

The African Water Facility Increases Access to Water Supply and Sanitation, Fights Cholera in Zimbabwe

07-Mar-2013 - Funded by the African Water Facility (AWF) to the amount of US $3 million, the project designed to rehabilitate the water supply and sewerage systems in Chitungwiza will be handed over today to the Municipality of Chitungwiza, following the completion of the construction works.

International Women’s Day: AfDB Experience in Promoting Gender Equality in Africa

07-Mar-2013 - African Development Bank operations have had a profound impact on women’s lives in Africa. Several successful examples from various education, employment, microfinance, social protection and health projects indicate that women and girls have better access to services and opportunities that have led to reductions in gender disparities and improvements in gender outcomes including women’s participation and empowerment.

AfDB: Development Must Not be a Footnote

07-Mar-2013 - African Development Bank President Donald Kaberuka says development is not something to do once the other problems have been solved because it is part of the solution to today’s economic woes.

AfDB and EBID Sign a US $950,000 Technical Assistance Grant

04-Mar-2013 - The African Development Bank (AfDB) and the Investment and Development Bank of the Economic Community of West African States (EBID) signed today a grant agreement amounting to US $950,000 to strengthen the EBID institutional capacities. The signing ceremony, held during the inauguration of the AfDB national office in Togo, was chaired by Serge N’Guessan, AfDB Resident Representative in Togo, and Bashir Ifo, EBID President. 

Bank President on Official Visit to Togo

04-Mar-2013 - Within the framework of his official visit to Togo, African Development Bank Group President, Donald Kaberuka, accompanied by his close advisers, was received on Friday, March 1, 2013 in Lomé by the country’s President, Faure Essozimna Gnassingbé. Kaberuka and President Faure Essozimna Gnassingbé discussed issues related to cooperation between the AfDB and Togo, as well to the socio-economic situation in the West African sub-region, and to Togo, in particular. They expressed their concerns about youth employment in Africa and in the world as a...

Competition and Market Structure in the Zambian Banking Sector

04-Mar-2013 - Studies on banking competition in developing countries, and especially in Africa, are sparse. This 2013 study, published by the Chief Economist Complex of the African Development Bank, evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by financial reforms, entry of new foreign banks and privatization of the state-owned bank.

Ouattara and Kaberuka Discuss Regional Integration in the Sahel

01-Mar-2013 - The President of the African Development Bank (AfDB), Donald Kaberuka, was received on Thursday, February 28 in Yamoussoukro by Alassane Ouattara, President of Côte D’Ivoire. The meeting took place alongside the 42th Summit of the Heads of State and Government of the Economic Community of West African States (ECOWAS), one day after the AfDB Board of Directors held its meeting in Abidjan.  

Heads of Multilateral Development Banks Renew Commitment for Greater Cooperation

01-Mar-2013 - Donald Kaberuka, President of the African Development Bank (AfDB), met on February 25 in Washington, DC, the heads of the World Bank, the European Bank for Reconstruction and Development, the International Monetary Fund and the Inter-American Development Bank. The goal of the meeting: to renew the commitment to further cooperation between the multilateral development banks (MDBs).

Multilateral Development Banks Call for More Coordination on Global Development

28-Feb-2013 - Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund and the World Bank Group have pledged close collaboration to support development. The leaders emphasized the need for coordinated efforts to achieve the Millennium Development Goals by 2015, which aim to end poverty and hunger, increase access to education and health care, improve gender equality, and ensure environmental sustainability.

AfDB Offers Education Support Bond to Japanese Investors

28-Feb-2013 - The African Development Bank (AfDB), rated Aaa/AAA/AAA, today announced that it will offer an Education Support Bond to Japanese retail investors. The bond will be distributed by Japan Asia Securities and Okinawa Securities. The issuance of a five-year BRL fixed rate note is being arranged by HSBC Securities (Japan) Limited. The net proceeds of the issue will, on a best efforts basis, be used to fund projects in the field of education and hence foster economic and social growth in the region.

Consultation with Stakeholders from 11 African Countries Confirm Need for Technical and Vocational Skills Development and Business Incubators

28-Feb-2013 - The African Development Bank consulted Governments, development partners, the private sector, civil society, youth, and educational and training institutions on technical vocational skills development in Kampala, Uganda, from February 25-27, 2013.

First Steps of Bank's Return to Abidjan

28-Feb-2013 - An improved socio-economic setting A commitment of US $1 billion for Côte d’Ivoire Homage to ECOWAS for ongoing peace initiatives The African Development Bank Group, on Wednesday, February 27, 2013, held the first meeting of its Board of Directors in Abidjan since the Bank’s relocation to Tunisia in 2003, signalling the first steps of the Bank’s return to Côte d’Ivoire, AfDB President Donald Kaberuka said at the meeting’s opening.

Promoting Economic Reforms in Developing Countries Rethinking Budgetary Aid?

28-Feb-2013 - This paper, published in January 2013 by the Chief Economist Complex of the African Development Bank, examines donor practices in the use of budgetary aid to promote economic and structural reforms in developing countries, notably in Africa.