Press Releases
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The Bank Group approves second phase of Uganda Markets and Agricultural Trade Improvement Program
10-Dec-2014 - The Board of Directors of the African Development Bank Group, during its ordinary sitting on Tuesday December 10, 2014 in Abidjan, approved the second phase of Uganda’s Markets and Agricultural Trade Improvement Program (MATIP 2), aimed to reconstruct an additional 11 of the remaining 14 markets in four regions in the country.SEFA to help scale-up innovative clean cooking business in Nigeria
10-Dec-2014 - The Sustainable Energy Fund for Africa (SEFA) approved a US $580,000 preparation grant for the expansion of Green Energy & Biofuels (GEB) Bio-refinery project in Nigeria. The project is a pilot of Small & Medium Entrepreneurship Fundamentals (SMEFunds), a social enterprise based in Lagos, and the first bio-energy cooking fuel production facility and distribution network in Nigeria.Climate Negotiations in Lima: Africa needs to speak with one voice to defend its priorities and interests
10-Dec-2014 - The African Ministerial Conference on the Environment (AMCEN) convened a high-level ministerial briefing meeting on the negotiations taking place in the UN Climate Change Conference (COP20). The representatives of the African Group of Negotiators (AGN) presented the status of the negotiations and Africa’s key messages were conveyed. The outcomes of the negotiations will feed into the new global climate change agreement which should be signed next year in Paris and should enter into effect by 2020.AfDB participates in Rockefeller Foundation Africa Partnership Forum held in Nairobi
09-Dec-2014 - On December 8-9, 2014 the Africa Forum on Inclusive Economies was held in Nairobi, Kenya. This year's forum was the second bi-annual convening of the Rockefeller Foundation Africa Partnership Forum and was co-convened by the Rockefeller Foundation (RF), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA). The Forum was opened by Uhuru Kenyatta, President of the Republic of Kenya. Kenyatta emphasized the importance of inclusivity in Africa and Kenya’s role as one of five pilot countries in the recent...€1.2 billion in follow-on projects leveraged by the African Water Facility
04-Dec-2014 - The African Water Facility (AWF), an initiative of the African Ministers' Council on water, has attracted €1.2 billion of follow-on investments for water management projects pledged by donors. “This is a major achievement for AWF's 10th anniversary,” said Akissa Bahri, the Coordinator of the AWF. The announcement was made during the 14th Governing Council Meeting, held from November 28-29 in Tunis, Tunisia.How trade integration in South East Asia can inspire North Africa
01-Dec-2014 - In its latest economic publication AfDB underlines once again the paradox that, despite its long history, and its geographical, cultural, religious and linguistic ties, North Africa suffers from a lack of integration.The West Africa Monitor Quarterly, Issue 4 Unleashing the agro-industry potential of the region
28-Nov-2014 - The African Development Bank has released the latest edition of The West Africa Monitor Quarterly. “West Africa’s growth remains strong, but it is likely to slow down, mostly due to the drop in oil and mineral prices”, says Emanuele Santi, AfDB regional economist for West Africa.
AfDB to support Africa’s agenda for the new 2015 climate agreement during the global climate talks at COP 20
27-Nov-2014 - The African Development Bank (AfDB) will participate in the 20th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, known as COP 20, taking place from December 1-12 in Lima, Peru. This year, AfDB’s efforts in addressing climate-resilient and low-carbon development in Africa, and particularly the initiatives contributing to improving access to climate finance, will be emphasized.Building resilience to climate change: World Bank and AfDB partner to improve hydrological and meteorological systems in Africa
27-Nov-2014 - The African Development Bank (AfDB) and the World Bank have completed a seminar on improving the hydrological and meteorological systems in Africa. These are systems for capturing weather and climate data and disseminating information to users for decision support development planning.African Development Bank to Support Business Linkage Program in Ghana
26-Nov-2014 - African Development Bank (AfDB) on Wednesday, November 26, 2014 signed a US $1 million Fund for Africa Private Sector Assistance (FAPA) grant agreement with Invest in Africa (IIA) to support a three-year Business Linkage Program in Ghana. Multinational Corporations/SME Business linkages are potentially one of the fastest and most effective ways of upgrading African domestic enterprises, facilitating the transfer of technology, knowledge and skills, improving business and management practices and facilitating access to finance and markets.
DRC to advance on SE4ALL to address energy access challenge and develop its renewable energy potential
25-Nov-2014 - he Democratic Republic of Congo (DRC) with the support of the United Nations Development Programme (UNDP) and the Development Organization of the Netherlands (SNV) convened stakeholders for the 1st Forum on Renewable Energy (FoDER) in the context of UN-led Sustainable Energy for All (SE4ALL) initiative.Low-Income African Countries Get Go-Ahead for Green Energy, Climate Resilience and Forest Management
21-Nov-2014 - At the semi-annual Climate Investment Funds (CIF) governing body meetings in Washington, DC this week, countries unanimously signaled their commitment to the CIF mandate going forward, and opened the door for African low-income countries to move forward with new plans for green energy services, resilience to climate impacts, and better managing crucial forests.
AfDB, AGRA to strengthen cooperation for a smallholder agricultural revolution in Africa
20-Nov-2014 - The African Development Bank Group (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) held high-level discussions in Abidjan on Thursday, November 20 with a view to addressing challenges faced by Africa’s smallholder farmers. Both institutions have agreed to strengthen their cooperation to speed up Africa’s agriculture transformation.
AfDB and the Alliance Forum Foundation sign grant agreement to provide microfinance training program in Eastern and Southern Africa
20-Nov-2014 - The African Development Bank (AfDB) has signed a Grant Agreement with the Alliance Forum Development Programme (Zambia) Limited, for the advancement of microfinance in the Common Market for Eastern and Southern Africa (COMESA) region. The grant is designed to organize the microfinance capacity building training for Central Bank Officers of COMESA Member countries.Rwanda to receive US $74.47-million AfDB loan to finance Transport Sector Support Project
20-Nov-2014 - The Board of Directors of the African Development Bank has approved a US $74.47-million loan to finance the first phase of Rwanda’s Transport Sector Support Project. The project involves upgrading the Base-Rukomo road along the Base-Gicumbi-Rukomo-Nyagatare axis.African Development Bank Group Board approves new Regional Integration Policy and Strategy
19-Nov-2014 - The African Development Bank Group’s (AfDB) Board of Executive Directors approved on Wednesday, November 19 the new Regional Integration Policy and Strategy (RIPoS) for the period 2014-2023, with focus on creating larger, more attractive markets, linking landlocked countries to international markets and supporting intra-African trade to foster the continent’s development.