News & Events
17/01/2018 - The Board of Directors of the African Development Bank has approved a US $500-million loan to finance Egypt’s Economic Governance and Energy Support Program Phase III. This is the last in a series of three annual loans worth a total of US $1.5 billion covering the fiscal years 2015-2016 to 2017-2018 for the Economic Governance and Energy Support Program Based Operation.
16/01/2018 - Akinwumi Adesina, President of the African Development Bank Group (AfDB), on Monday, January 15, received the Order of the Star of Africa with the Grade of Grand Band of the Republic of Liberia, during an investiture ceremony hosted by Liberian Head of State, Ellen Johnson Sirleaf, at the C. Cecil Dennis Auditorium of the Ministry of Foreign Affairs, in Monrovia, Liberia.
10/01/2018 - The African Development Bank Group’s newly appointed Country Manager to Rwanda, Martha Phiri, on January 8, 2018, presented her Letters of Accreditation to Olivier J.P. Nduhungirehe, Rwanda’s Minister of State at the Ministry of Foreign Affairs, Cooperation and East African Community.
26/12/2017 - The African Development Fund (ADF) has signed a significant concessional donor loan agreement with the Government of France to the tune of $ 253 million as support for the 14th replenishment of the Fund.
Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African Development Bank Group and helps to improve the lives of millions of people across Africa through loans and grants to projects and programmes.
21/12/2017 - Building the next generation of African agricultural economists was one of the key highlights of a Structural Transformation of the African Agriculture and Rural Spaces (STAARS) workshop at the headquarters of the African Development Bank, from December 11-12, 2017.
16/12/2017 - On December 15, 2017, the African Development Bank (AfDB) approved the program “Multinational (Somalia/Sudan) Rural Livelihoods Adaptation to Climate Change in the Horn of Africa II (RLACC II)”. The program is funded by the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF) for a total amount of US $17 million. RLACC II aims to enhance rural livelihoods by reducing food insecurity through climate adaptive measures in pastoral and agro-pastoral communities. It is a clear response to the devastating drought, environmental degradation, and poverty in the Horn of Africa.
14/12/2017 - As African governments seek to leverage their mineral resources strategically for broad, inclusive development – in alignment with the Africa Mining Vision—the need for strong and sustainable legal capacities in the extractive industry is more important than ever. This fact made the graduating ceremony of the African Mining Legislation Atlas (AMLA) cause for even greater celebration. The ceremony, which represented the apogee of a 10-day workshop, was held on December 12 and attended by the 39 participating students and representatives of all the supporting institutions, including the African Legal Support Facility (ALSF), Strathmore University, Strathmore Extractives Industry Centre, Extractives Baraza, and the World Bank.
06/12/2017 - The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved US $ 985,000 to Parque Eólico da Namaacha S.A SPV, to support project preparation activities for a utility-scale wind farm project in Mozambique.
06/12/2017 - Infrastructure systems in the African region have largely strained to meet the growing demands of the public, and shrinking national investments have threatened to worsen already troubling infrastructure gaps. But solutions exist to unlock finance and improve governance: Public-Private Partnerships (PPP) offer an efficient alternative to public sector financing, as they tend to benefit from lower cost overruns, more innovation, and an optimization of comprehensive life-cycle costs. With the aim of promoting PPPs, the African Legal Support Facility (ALSF) co-organized a pre-conference workshop on the margins of the 2nd International Forum on Financing Public-Private Partnerships, held in Dakar, Senegal, from December 4-6, 2017.