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AfDB Report Recommends Generic Roadmap for Fiscal Convergence in COMESA Region
09-Jan-2013 - A new report by the African Development Bank makes concrete proposals for the establishment of a monetary union in the Common Market for Eastern and Southern Africa region (COMESA). In order to achieve greater macroeconomic convergence in the region, the “Facilitating Multilateral Fiscal Surveillance in the Monetary Union Context with Focus on the COMESA Region” study envisages a boost to fiscal surveillance at both regional and national levels.
AfDB and Malawi Government Launch the UA 29.45 Million Higher Education, Science and Technology Project
04-Jan-2013 - The African Development Bank and the Government of Malawi officially launched the UA 29.45 million Malawi Higher Education, Science and Technology (HEST) Project in Ntchisi, Malawi, in December. The Bank has provided an ADF loan of UA 9.05 million and a grant of UA 10 million plus an additional loan of UA 6.5 million from the Nigerian Trust Fund, while the Government of Malawi is to provide UA 2.95 million in counterpart funding.
12th AWF Governing Council Meeting Held in Tunis
03-Jan-2013 - The African Water Facility (AWF) held its 12th Governing Council meeting on November 22-23, in Tunis. The meeting narrowed in on the progress made on the implementation of the AWF Strategy 2012-2016, adopted late 2011, and on AWF’s overall progress and achievements.
Zambia’s Minister of Finance and National Planning Exchanges with President Kaberuka
28-Dec-2012 - In his welcoming remarks the Zambian Minister of Finance and National Planning Alexander Chikwanda commended African Development Bank President Donald Kaberuka for the support the Bank has provided since 1971 amounting to US $1.4 billion. The Minister also commended the Bank’s initiative and support on the Kazungula Bridge project, which links Botswana and Zambia over the Zambezi River.
Bank President Commended for Outstanding Leadership
27-Dec-2012 - The Governor of the Bank of Zambia, Michael Gondwe, commended African Development Bank President Donald Kaberuka for his outstanding leadership and the Bank’s positive contribution to the economies of the continent. Gondwe’s comments came during a Bank of Zambia luncheon hosted in honour of Kaberuka, which was attended by former AfDB Bank President, Willa Mung’Omba (1980 to 1985), the former Governor of the Bank of Zambia, and former Government of Zambia Finance Ministers, among others.AfDB President Says Africa’s Development on Track Despite Global Financial Crisis
27-Dec-2012 - African Development Bank President Donald Kaberuka said African countries have made great strides in growing their economies despite the global financial crisis during an official visit to Lusaka, Zambia, on December 19. At the PTA Bank’s meeting of Governors in the Zambian capital, Kaberuka delivered a keynote address at a panel discussion on the theme Africa Economic Outlook and Regional Integration Priorities. He observed that the financial crisis had taught Africa how to minimize the impact of the global crisis on African economies.President Kaberuka Discusses Development Opportunities and Challenges in Zambia
27-Dec-2012 - African Development Bank President Donald Kaberuka met with cooperating partners and ambassadors in Lusaka on December 21 to discuss development opportunities and challenges in Zambia. Kaberuka indicated that he particularly wanted to gain feedback on whether the new Bank Strategy was relevant to address the emerging challenges of rapid growth in the midst of high levels of poverty.AfDB President Discusses Regional Integration with Members of Zambian Government
27-Dec-2012 - On an official visit to Zambia, African Development Bank Group President Donald Kaberuka paid a courtesy call on Zambia’s Minister of Foreign Affairs, Given Lubinda, on December 20.Three Bank-Financed Projects Filmed for International Year of Sustainable Energy
26-Dec-2012 - Three major energy projects financed by the African Development Bank in Ouarzazate, Morocco; Menengai, Kenya; et Bujagali, Uganda; were featured in a film project which captured 25 sustainable energy projects on the African continent in the context of the UN International Year of Sustainable Energy.AfDB Promotes Greater Access to Water and Sanitation Services in Zanzibar, Tanzania
20-Dec-2012 - The African Development Bank (AfDB) has approved on December 19th 2012, a USD 21 million package to finance the implementation of the Zanzibar Urban Water and Sanitation Project in the United Republic of Tanzania. The Government will contribute 10% of the project costs. The project will be implemented from 2013 in the Unguja municipality which is Zanzibar’s administrative center and the hub of its economic, cultural and tourist activities. It is scheduled to be completed after four years.
AfDB President Donald Kaberuka Calls on African Economies to Tap into Global Trade and Capital Markets to Fight Poverty
20-Dec-2012 - AfDB President, Donald Kaberuka, was a guest speaker at the Meeting of the Board of Governors of PTA Bank in Lusaka, Zambia, on 19 December, 2012. He was invited to provide his assessment of the global economy and Africa’s development. Although African economies are currently experiencing growth, Kaberuka guarded against hyperbole. “We should be wary of simplistic extrapolations; instead we should plan today on how to manage in a highly uncertain global environment,” he said.
AfDB’s Souk At-Tanmia Pilot Project Filmed for 12.12.12: One Day on Earth
17-Dec-2012 - For the first time, on December 12, 2012, the African Development Bank Group participated in the global film event One Day on Earth, showcasing its Souk At-Tanmia Pilot Project, the largest mobilization of partners in support of job creation, innovation and entrepreneurship in post-revolution Tunisia.