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.
05/04/2019 - The African Development Bank has welcomed the Islamic Development Bank’s agreement to contribute US$3 million to the multi-partner Somalia Infrastructure Fund (SIF). The signing ceremony for the agreement took place on the sidelines of the 44th Islamic Development Bank (IsDB)’s Annual Meetings in Marrakech, Morocco.
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.
27/10/2014 - Leaders of global and regional institutions today begin an historic trip to the Horn of Africa to pledge political support and major new financial assistance for countries in the region, totaling more than $8 billion over the coming years
08/10/2014 - In a newly released report prepared in 2014 by the African Development Bank’s (AfDB) East Africa Regional Resource Center in Nairobi, Kenya, on the occasion of the Bank’s 50th anniversary, the AfDB describes how it is fulfilling its mandate in Eastern Africa as Africa’s own development bank. The report takes stock of the socio-economic situation today; highlights the Bank’s successes; describes new strategies and instruments; and identifies key challenges the region is likely to face in the next decades.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Infrastructure, Climate Change, Private Sector, Gender, Poverty Reduction, Regional Integration, Structural Transformation
27/05/2014 - The African Development Bank has reaffirmed its support to Somalia’s reconstruction as the country embarks on the path of irreversible and durable peace and stability. This was during the roundtable on Somalia held on Friday, May 23, on the closing day of the 2014 of the Annual Meetings of the African Development Bank in Kigali.
20/12/2013 - The African Development Bank (AfDB) Board of Directors on 18 December 2013 in Tunis approved the Addendum to the Somalia Country Brief 2013-2015, granting Somalia exceptional eligibility to access Fragile States Facility (FSF) Supplemental Support (Pillar 1) and 50 percent of its African Development Fund (ADF) -12 Performance-Based Allocation (PBA) needed before the end of 2013.
06/11/2013 - On average 40-60% of public expenditure goes to education, health and other types of social spending in Africa, which calls for improved governance, voice and accountability in social service delivery. Large inefficiencies in the use of resources in education and health have a negative impact on human capital, with drastic consequences for inclusive economic growth. In an environment of declining aid, achieving greater value for each dollar invested is critical.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Economic & Financial Governance, Education, Health, Civil Society, Human Capital Development