18/08/2017 - In late July, Uganda chose a consortium, including General Electric Co., to build and operate a crude oil refinery, which will eventually process oil from fields being developed by Total SA and Tullow Oil Plc.
18/08/2017 - African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, in Johannesburg, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution operations serving South, North, East, West and Central Africa.
17/08/2017 - On the 9th of August, Rwanda’s President Paul Kagame laid the foundation stone of the country’s newest transportation hub, the Bugesera International Airport.
15/08/2017 - Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, is pleased to announce the appointment of Rupali Gupta as Head of Investor Relations.
11/08/2017 - Over its 50-year history, the African Development Bank (AfDB) has financed over 450 transport projects, changing the lives of close to 450 million people across Africa. Roads, port, airport, and railway projects are all included on a map published as part of the fiftieth anniversary of the first project financed by the Bank, a road project in Kenya, in 1967.
11/08/2017 - Experts from Zambia reviewed and approved the Learning Assessment Systems Evaluation Framework (LASEF) at a meeting convened by the Association for the Development of Education in Africa (ADEA) on 10 and 11 July in Lusaka, Zambia.
11/08/2017 - Le Fonds des énergies durables pour l’Afrique ( SEFA, en anglais), hébergé par la Banque Africaine de Développement, vient d’approuver un don de 975 000 dollars EU en faveur de la République du Togo afin de lui permettre de démarrer le projet « CIZO » consacré à l’électrification rurale hors-réseau par kits solaires domestiques en mode PAYGO.
11/08/2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US$ 695,500 grant to NEO I SPV Pty Ltd., a subsidiary of OnePower Lesotho Pty Ltd., to support the preparation of a bankable business case for the development of the winning project of the 2016 Lesotho 20 MW solar PV tender, foreseen to become the first utility-scale solar PV project in Lesotho.
09/08/2017 - Global rating agency, Standard and Poors has affirmed its AfDB’s 'AAA/A-1+' Ratings with Outlook Stable. This is similar to Fitch’s recent affirmation of the Bank’s Triple 'A' rating with Stable Outlook as well.
09/08/2017 - Leading global rating agency Fitch Ratings has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and its Short-Term IDR at 'F1+' (best quality grade, indicating exceptionally strong capacity to meet its financial commitments).