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ADF Loan for Greater Transparency and Accountability of Public Sector Spending in Lesotho
24-Oct-2013 - The African Development Fund (ADF) – the soft loan arm of the African Development Bank Group – approved a grant of USD 3.99 million for an institutional support project for the enhancement of public financial management in Lesotho.AfDB Approves US$67.19 Million for Agricultural Infrastructure in Benin
24-Oct-2013 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, 23 October 2013 in Tunis approved a combination of one loan and two grants amounting to US$ 67.19 million to finance the Oueme Valley Agricultural Infrastructure Support Project (PAIA-VO) in Benin. The objective of the PAIA-VO is to help ensure sustainable increase in agricultural productivity and production by promoting growth sub-sectors. Overall, the project is expected to enhance food and nutrition security, as well as strong and inclusive economic growth in...
African Water Facility Delivers International Monitoring and Evaluation Knowledge Workshop to Boost Water Sector Performance
24-Oct-2013 - The African Water Facility (AWF), jointly with the Government of Malawi, organized a two-day international workshop on monitoring and information management with the support of the African Development Bank (AfDB). Held in Lilongwe from 30th September to 1st October 2013, the event aimed at fostering peer learning among specialists and providing participants with tools and knowledge to better keep track of results achieved in the African water and sanitation sector.Farmers in Cameroon to benefit from US$25.70 million for AfDB rural infrastructure and development support project
24-Oct-2013 - Farmers in the North-Western region of Cameroon will benefit from a loan and a grant amounting to US$25.70 million (UA 16,800 million) approved by the African Development Bank’s Board of Directors to help finance the Grassfield Rural Infrastructure and Participatory Development Support Project, Phase II The Project aims to improve agricultural production and incomes of beneficiary communities by creating rural infrastructure and building capacity. It will help to reduce poverty in the rural communities in the area covered by the project.
Climate Change in Africa: AfDB Advocates Gradual Transition to Green Growth
24-Oct-2013 - “Africa needs to change its development trajectory in order in order to win its fight against both poverty and climate change,” said the African Development Bank (AfDB) Vice President Aly Abou-SabaaAgriculture Transformational Projects and Programmes
23-Oct-2013 - Under its Strategy for 2013-2022, “At the Center of Africa’s Transformation”, and its Agriculture Sector Strategy 2010-2014, the African Development Bank has designed a new set of innovative projects aimed at improving food security in Africa.AfDB Transforming Africa’s Agriculture for inclusive growth and food security
23-Oct-2013 - The African Development Bank (AfDB) has come with concrete proposals aimed at helping Africa address the key challenges that are hampering its agricultural sector and food security in the continent.Two Businesses from Côte d’Ivoire and Tanzania Win Grants from the Agriculture Fast Track Fund
22-Oct-2013 - ôTwo new applicants have been awarded grants under the Agriculture Fast Track Fund,” the African Development Bank (AfDB) announced on 18 October 2013. This coincides with the celebration of the 2013 World Food Day. According to Chiji Ojukwu, Director, Agriculture and Agro-Industry, “these awards are a demonstration of the extent to which African countries and their development partners are willing to go to propel the African agriculture transformation through enhanced development of agribusinesses in a manner that is more consistent with how...Border Posts, Checkpoints and Intra-African Trade: Challenges and Solutions
21-Oct-2013 - Regional integration has been part of the African continent’s overarching strategy for economic transformation for over five decades. As the African Union commemorates 50 years of existence, one of the suggested approaches to building a strong integrated union is through regional groups such as the Economic Community of West African States (ECOWAS), East African Community (EAC), and the Southern African Development Community (SADC).Board Pays Tribute to Outgoing Executive Director, Walter C. Jones
21-Oct-2013 - The outgoing United States Executive Director at the African Development Bank Group, Walter C. Jones, received glowing tributes from peers who cited his commendable service to the Bank during his last regular Board meeting on Friday, October 18 in Tunis ending his three-and-a-half-year duty tour in the Bank. The AfDB President and Board Chairman, Donald Kaberuka, said Jones helped the Bank a great deal during the financial crisis, which coincided with his assumption of office.La BAD et la Mauritanie présentent les enseignements d’un projet hydro-agricole freinant l’exode rural
19-Oct-2013 - Dans le but de promouvoir la communication et le partage des bonnes pratiques du Projet d’aménagement hydro-agricole de Brakna-Ouest (PAHABO), le gouvernement mauritanien a organisé, en collaboration avec la Banque africaine de développement (BAD), une journée portes ouvertes, le 9 octobre 2013 à Nouakchott. Cette journée a été l’occasion de partager les résultats et impacts du projet avec les diverses parties prenantes : entités administratives, organisations socio-professionnelles, bénéficiaires, société civile et partenaires au...AfDB supports SMEs in Africa with a US $12.5 Million Equity Investment in Kibo Fund II
18-Oct-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.AfDB grants VoLo US $284 500 for credit bureau initiative in Senegal and The Gambia
18-Oct-2013 - The African Development Bank (AfDB) and VoLo signed on Friday, October 18 a grant agreement amounting to US $284,472 to facilitate financial inclusion and improve the efficiency of micro, small and medium-sized enterprises (MSMEs) financing in Senegal and The Gambia through the piloting of an innovative technology-based solution for collecting and disseminating credit information on MSMEs to prospective creditors. This innovative project will enhance the region’s financial structures by improving credit information, thereby ultimately...Regional Integration is a Primary Condition for Africa’s Industrial Revolution
17-Oct-2013 - “Regional Integration in Africa,” the theme of this year’s October 28-30 African Economic Conference (AEC) in Johannesburg, is at the very core of the quest for the continent’s industrial revolution. The AEC is an annual business intelligence forum organized by the African Development Bank (AfDB), the UN Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), to discuss the continent’s major economic development challenges.
AfDB reports significant opportunities of shale gas production in Africa in a new publication
17-Oct-2013 - Several African countries have potentially viable shale gas deposits, which, if developed, could lead to lower gas prices, increased consumption of natural gas, reduced greenhouse gas emissions from power generation and substantial economic benefits to producer countries, finds a report launched today by the African Development Bank (AfDB).