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ADF VII – Dealing with Africa’s Climate Change Financing Needs
15-Oct-2010 - “Africa has urgent and enormous climate change financing needs, but existing sources of financing and disbursement are inadequate,” said AfDB compliance and safeguards manager, Anthony Nyong, while speaking on financing climate change adaptation and mitigation action on Thursday, October 14, 2010 at the ongoing Seventh African Development Forum, in Addis Ababa, Ethiopia.
AfDB and Partners Launch ClimDev Programme
14-Oct-2010 - The African Development Bank (AfDB), the African Union Commission (AUC) and the United Nations Economic Commission for Africa (UNECA) on Wednesday October 13, 2010 in Addis Ababa, launched the Climate for Development in Africa (ClimDev-Africa) Programme at a ceremony held on the sidelines of the Seventh African Development Forum. The instrument creating the programme’s joint secretariat, which will be based at UNECA in Addis Ababa, was signed by AfDB President, Donald Kaberuka; AUC Chairman, Jean Ping; and ECA Executive Secretary, Abdoulie...
7th ADF High Level Leadership Dialogue-Kaberuka, Meles, Stoltenberg, Mogae and Ping on Climate Change
14-Oct-2010 - Recalling memories of the devastating impact of climate change on the economies of African countries, African Development Bank (AfDB) President, Donald Kaberuka, said climate change ought to be the defining factor of true leadership and good governance, globally. Mr. Kaberuka made the remark during a debate by a panel of eminent personalities on 13 October 2010 at the Ongoing Seventh African Development Forum, convened in Addis Ababa to discuss issues related to governance and leadership response to Climate Change.
Seventh ADF: African Ministers Support Africa Green Fund
14-Oct-2010 - Several African ministers, speaking for their governments at the Seventh African Development Forum held on Tuesday, 12 October 2010 in Addis Ababa, unanimously supported the African Development Bank’s proposal for the establishment of an Africa Green Fund. The fund is designed to receive and manage resources allocated to Africa from all sources including the fast-track financing and long-term pledges made under the Copenhagen Accord to finance projects and programs that contribute to climate-resilience and low- carbon development in Africa.Managing Climate change: A Critical Governance Issue for Africa
08-Oct-2010 - Managing climate change has become a governance issue. Consequent upon African Development Bank’s (AfDB’s) commitment to both governance and climate change, the institution’s president, Donald Kaberuka, will on Wednesday, October 13, 2010, in Addis Ababa address the first plenary session of the Seventh African Development Forum (ADF-VII) on the theme: “High Level Leadership Dialogue on Governance and Leadership Response to Climate Change”.AfDB Leverages Infrastructure for Internet Access - Approves USD 50 Million Loan for Satellites and Ground Infrastructure
08-Oct-2010 - Tunis, October 6, 2010 - The Board of Directors of the African Development Bank (AfDB) has approved a USD 50-million loan to finance the design, construction, launch and operation of a scalable equatorial constellation of Middle Earth Orbit satellites and associated ground infrastructure to provide broadband internet access to some 3 billion underserved people in emerging countries including those in Africa.AfDB Supports Rwanda’s Manufacturing Sector Approves: USD 30 Million Loan to Cement Company
07-Oct-2010 - Tunis, 6 October, 2010 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 6 October 2010 in Tunis, a USD 30-million loan to finance the construction of Rwanda’s cement production plant (CIMERWA).“Pride of African Lions Steer Post-MDGs Agenda” by AfDB President, Donald Kaberuka
04-Oct-2010 - The President of the African Development Bank, Donald Kaberuka, delivered the opening speech at the High-Level Dialogue Between Finance and Heath Ministers on Value for Money, Sustainability and Accountability in the Health Sector organized by the AfDB and the Harmonization for Health in Africa Mechanism on July 4 and 5 in Tunis.
AfDB, IFC and Citi Join Efforts to Support African Trade
01-Oct-2010 - Tunis, 1 October 2010— The African Development Bank (AfDB) Group, Citigroup and International Finance Corporation (IFC), a member of the World Bank Group, have agreed to provide USD 175 million in trade financing for exporters and importers in Africa to help boost economic growth. The financing is part of the Global Trade Liquidity Program, a public-private partnership launched in July 2009 to support trade in developing markets and address the shortage of trade finance following the global financial crisis.AfDB Group Results Measurement Framework: Reinforcing Development Outcomes for Africa
30-Sep-2010 - On 22 September 2010, the Board of Directors of the African Development Bank (AfDB) Group approved the institution’s Results Measurement Framework (RMF). The document will play a key role in making the AfDB more efficient in pursuing its mission. The objective is to increase the development impact of AfDB’s operations for poverty reduction in Africa. The framework is a streamlined result-reporting mechanism designed to provide periodic information on the Bank’s performance vis-à-vis programmed results and create opportunities for timely...AfDB Supports Investment in Hospitality Sector in Ghana
29-Sep-2010 - Tunis, 29 September 2010 - The Board of Directors of the African Development Bank (AfDB) has approved a USD 18 million loan to GCC Resorts Limited Company for the construction of Kempinski Hotel in Accra, Ghana. The project, approved on 29 September 2010 in Tunis, includes the construction and operation of a 267-room 5-star hotel in Accra, which will deliver a world-class accommodation and congress facilities that are required to host the increasing volume of business, cultural and governmental activities.AfDB Launches New Multi-Donor Governance Trust Fund
29-Sep-2010 - Tunis, 29 September 2010 - The Board of Directors of the African Development Bank (AfDB) Group on 29 September 2010 in Tunis, approved a proposal for a multi-donor Governance Trust Fund. The Fund’s objective is to help the Bank’s regional member countries build capable and responsive states by strengthening transparency and accountability in the management of public resources.