Press Releases
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AfDB backs Botswana’s economic transformation, approves 2015-2019 Country Strategy Paper
04-May-2015 - Executive Directors of the African Development Bank Group (AfDB) have endorsed the Bank’s Botswana Country Strategy Paper (CSP) 2015-2019; which provides a framework for the Bank Group support to Botswana during the period to enable the country achieve inclusive sustainable growth.AfDB now supports 30 countries to advance on environment-smart projects with GEF: annual report
04-May-2015 - The African Development Bank (AfDB) is an implementing agency for the Global Environment Facility since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released on Monday, May 4. The portfolio size has been multiplied by 10 during the last five years and is now worth more than USD 200 million.AfDB provides US $30 million budget support to basic social services delivery in Malawi
30-Apr-2015 - The Board of Directors of the African Development Bank Group meeting in Abidjan, approved a US $30-million sector budget support grant towards the protection of basic social services in Malawi.AfDB provides US $30 million budget support to basic social services delivery in Malawi
30-Apr-2015 - The Board of Directors of the African Development Bank Group meeting in Abidjan, approved a US $30-million sector budget support grant towards the protection of basic social services in Malawi.SEFA poised to foster private sector participation in renewable energy in Mozambique
29-Apr-2015 - The Sustainable Energy Fund for Africa (SEFA) has approved a USD 740,000 technical assistance grant to the Government of Mozambique to enhance the enabling environment for private investments in the country’s promising renewable energy sector.North Africa: What impact does FDI have on the people?
29-Apr-2015 - The African Development Bank has published a new report on North Africa entitled "Does Foreign Direct Investment Improve Welfare in North African Countries?" Supported by analysis and quantitative data, the report confirms the close links between foreign direct investment (FDI) and the quality of life for people in the six countries of the region (Mauritania, Morocco, Algeria, Tunisia, Libya and Egypt).Fund for African Private Sector Assistance provides equity to Africlear Global to improve Securities Market Infrastructure in Africa
27-Apr-2015 - The Fund for Africa Private Sector Assistance (FAPA) hosted by the African Development Bank (AfDB) signed on March 5, 2015 in Abidjan a seed equity investment of US $400,000 to Africlear Global. The goal of the investment is to enhance the efficiency of capital markets by supporting the modernisation of central securities depository infrastructure in African securities markets.AfDB approves a US $40 million Risk Participation Agreement with Banco Santander S.A. (Spain) to support Trade Finance in Africa
23-Apr-2015 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 22, 2015 an unfunded US $40 million Risk Participation Agreement (RPA) with Banco Santander S.A. (Santander) to support issuing banks in Africa expand their trade finance operations. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agriculture and manufacturing. It will also foster financial sector development and regional integration, and contribute to...
WB/IMF meetings conclude, AfDB President looks to his future
20-Apr-2015 - An historic week wrapped up in Washington, DC with the adoption of an agenda to exterminate extreme poverty around the world by 2030. It was also the last time Donald Kaberuka would attend the World Bank/International Monetary Fund Annual Spring Meetings as President of the African Development Bank Group (AfDB).African Ministers unite in calling for strong universal climate agreement and sufficient finance to unlock Africa’s potential
20-Apr-2015 - Private and public sectors join in quest for market and finance opportunities at 7th Africa Carbon Forum Ministers from governments across Africa have renewed their call for a strong, new universal climate change agreement and increased flows of funds, including through market and finance opportunities, sufficient to fulfill Africa’s development aspirations.
Brokering better global development: Kaberuka at the helm of the AfDB
20-Apr-2015 - A landmark global development agenda was worked out last week in Washington, DC and African Development Bank Group (AfDB) President Donald Kaberuka was at the centre of the conversation. From pledging US $300 million in added funding to fight Ebola, to helping define the global development agenda, Kaberuka spread the word to the world on Friday that the Bank is positioned to help.
$300 million top-up from AfDB to support countries’ Post-Ebola Recovery Programs
17-Apr-2015 - African Development Bank President Donald Kaberuka announced $300 million to support the national Post-Ebola Recovery program of Ebola-affected countries during the World Bank-IMF Spring Meetings in Washington. AfDB’s funding will provide support to Governments of Ebola-affected countries by investing in health, education, water and sanitation, agriculture and financial sectors. “Now is not the time to relax. We need to strengthen primary health care in Africa; give countries debt relief, and get the ready to beat back the next epidemic”,...Burkina Faso receives new support to monitor forest sustainability results
17-Apr-2015 - The Forest Investment Program (FIP) approved on Thursday, April 16 in Washington, DC $101,000 for Burkina Faso to ramp up its monitoring and reporting on its Gazetted Forests Participatory Management Project for REDD+, and Decentralized Forest and Woodland Management Project. As the leading implementation support to the country for its FIP program, the African Development Bank (AfDB) is working with the country to ensure that an effective and adequately funded plan is in place for monitoring the projects’ outcomes.
Heads of State, World Bank honour AfDB President
17-Apr-2015 - High honours were given to African Development Bank Group (AfDB) President Donald Kaberuka on Thursday, April 16 in Washington for his work to end extreme poverty on the continent during his 10-year career as head of the Bank.
Africa Rising: Economic growth and development successes continue
16-Apr-2015 - While the International Monetary Fund and World Bank announced this week that economic growth in Sub-Saharan Africa remains strong, the agencies predicted a second successive year of slowed growth for 2015. But that news does not change African Development Bank Group (AfDB) President Donald Kaberuka’s bullish view of the continent. If fact, he maintains Africa is still rising.Accelerating the implementation of PIDA through private sector participation: Launch of the Continental Business Network
16-Apr-2015 - The African Development Bank (AfDB) and the Infrastructure Consortium for Africa (ICA) participated at the Validation Meeting for the Programme for Infrastructure Development in Africa (PIDA) Acceleration Strategy Action Plan (PAS) and the preparatory meeting for the launching of the Continental Business Network (CBN) held in Victoria Falls, Zimbabwe, from April 9 to 10, 2015.AfDB commits US $140 million to Egypt’s Sharm El-Sheikh Airport Expansion Project
15-Apr-2015 - The Board of Directors of the African Development Bank Group approved a US $140-million loan to Egypt’s Sharm El-Sheikh Development Project on April 15, 2015 in Abidjan, Côte d’Ivoire. The Board also approved a US $1.90-million Middle Income Countries Technical Assistance Fund Grant to finance the project, which includes construction of a new terminal, runway and control tower within the confines of the Sharm El-Sheikh airport.
President Kaberuka to receive honours at WB/IMF Spring Meetings
14-Apr-2015 - African Bank Group (AfDB) President Donald Kaberuka arrived in Washington, DC amid much fanfare ahead of the World Bank/International Monetary Fund Annual Spring Meetings. World Bank Group President Jim Kim is set to honour Kaberuka later this week and thank him for his 10 years of service to the AfDB as well as his distinguished career in banking, international trade, development and government service. Kaberuka is currently wrapping up his last year as head of the AfDB. He has served as President of the institution since September 2005.