Press Releases
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AfDB approves US $52.5 million to support technical, vocational education and training and teacher education
07-Apr-2014 - The Board of Executive Directors of the African Development Bank (AfDB) approved on Wednesday, April 2, 2014 an African Development Fund (ADF) loan of US $52.5 million for the Government of Tanzania to finance a Technical, Vocational Education and Training (TVET) and Teacher Education Proj
AfDB and EU Commission reinforce partnership for Africa's transformation
04-Apr-2014 - A joint commitment under the theme of “Investing in People, Prosperity and Peace” was at the centre of the African and European leaders meeting in Brussels on Wednesday, April 2 and Thursday, April 3, 2014. On Thursday, the African Development Bank Group and the European Commission reinforced their existing partnership by signing a new Cooperation Arrangement.‘Remember, unite and renew’: The African Development Bank stands with Rwanda
04-Apr-2014 - Heading for Kigali and the 20th Kwibuka, the official commemoration of the April 1994 genocide in Rwanda, the President of the African Development Bank, Donald Kaberuka, said on Friday, April 4:Better social transfers could rid Tunisia of extreme poverty, AfDB says
02-Apr-2014 - The 2011 revolution and subsequent social unrest revealed deep inequalities in Tunisia, bringing the issue of poverty to the fore and putting into serious question the performance of social transfer systems. Poverty and extreme poverty are a daily reality in the country: 15.5% of the population was living below the poverty line in 2011.
AfDB launches country-focused Development Effectiveness Review in Zambia
01-Apr-2014 - • Results show Zambia is on track to become a strong and dynamic middle-income industrial nation by 2030.African Union Commission and ADEA pledge collaboration to improve education as Africa’s young population booms
31-Mar-2014 - The African Union Commission (AUC) and the Association for the Development of Education in Africa (ADEA) have signed a Memorandum of Understanding (MoU) to work closely together on the development of education across the continent of Africa. The ceremony for the signing of the MoU took place in Tunis on March 24 at the African Development Bank, where ADEA is hosted. The two organizations will jointly develop and implement programs aimed at achieving Africa’s collective goals in education.Government and African Development Bank discuss new Country Strategy for “strong, shared, sustainable growth” in Botswana
31-Mar-2014 - An African Development Bank team held discussions with the Government of Botswana during the week of March 24, 2014, to agree on areas of Bank support over the next five years. “The Bank’s 2014-2018 Country Strategy Paper for Botswana is intended to consolidate strong, shared and sustainable growth in this country,” said Zondo Sakala, the Bank’s Vice-President for Country and Regional Programs.AfDB injects 2.5 billion CFA francs into a support project for the Virtual University of Senegal
28-Mar-2014 - The African Development Bank (AfDB) Group and the Government of Senegal signed a loan agreement on March 27, 2014 in Dakar for 3.38 million Units of Account (around 2.5 billion CFA francs) to finance the support project for the Virtual University of Senegal (PAUVS). The project brings to 13 the number of active operations in the Bank’s public investment portfolio in Senegal, which represents a net amount committed of 227.7 million Units of Account (approximately 167.3 CFA francs).AfDB Board Approves US$ 205 Million Urban Water Supply and Sanitation Project for Nigeria
28-Mar-2014 - The Board of Directors of the African Development Bank, on 26th March 2014, approved a US$ 205 million Urban Water Sector Reform and Port-Harcourt Water Supply and Sanitation Project in Nigeria.AfDB Approves US$ 125 Million Line of Credit to Zenith Bank for On-lending to SMEs
28-Mar-2014 - The African Development Bank (AfDB) has approved a US$ 125-million Line of Credit (LOC) to Zenith Bank PLC (Zenith) for on-lending to Small and Medium-sized Enterprises (SMEs) in Nigeria.
AfDB leverages support to Zambia’s agriculture sector
27-Mar-2014 - The African Development Bank Group (AfDB) is leveraging support to Zambia’s National Agriculture Investment Plan (NAIP: 2014-2018) with the approval of a US $31.12 million (UA 20.54 million) grant from the Global Agriculture and Food Security Programme (GAFSP), to support its agriculture value chain development project. The Agriculture Productivity and Market Enhancement Project (APMEP) approved by the AfDB Board on Wednesday, March 26, 2014 in Tunis, aims to develop irrigation and aquaculture as well as promote crop and livestock production...
iBDA: AfDB launches Call for Proposals for Social Business in Tunisia
26-Mar-2014 - An opportunity for Tunisian entrepreneurs to benefit from training of two months, startup capital between 100,000 to 600,000 Tunisian dinars and coaching to create their social businesse.AfDB convenes lenders to secure Kenya’s largest private sector investment
25-Mar-2014 - Lake Turkana Wind Power Project (LTWP) marked a significant milestone on Monday, March 24 with the loan signing of €623 million (Ksh 76 billion), making it the largest private investment in Kenya’s history.AfDB Levies US $17 Million in Financial Penalties in Corruption Case
21-Mar-2014 - Kellogg Brown & Root LLC, Technip S.A. and JGC Corp. agree to pay the equivalent of US $17 million in financial penalties as part of Negotiated Resolution Agreements with the African Development Bank following admission of corrupt practices by affiliated companies in relation to the award of services contracts for liquefied natural gas production plants on Bonny Island, Nigeria, from 1995 until 2004.Tunisia – 2014-2015 Country Strategy Paper
19-Mar-2014 - The Board of Directors of the African Development Bank Group (AfDB) approved in Tunis on 5 March 2014 the Interim Country Strategy Paper (I-CSP) of the Republic of Tunisia for the 2014-2015 period.SEFA and partners launch joint competition to link entrepreneurs, clean energy projects and investors in Africa
19-Mar-2014 - Together with partners, the Sustainable Energy Fund for Africa (SEFA) is co-organizing the Africa Forum for Clean Energy Financing (AFRICEF-3) Business Plan Competition. The aim of the competition is to identify and nurture entrepreneurs, start-ups and existing companies with green ambitions in Africa, and serve as a conduit between them and financiers. To be considered, projects must promote clean energy technologies, products or services.
Africa CEO Forum 2014: President Donald Kaberuka reiterates his belief in Africa’s emergence
18-Mar-2014 - The Africa CEO Forum 2014, one of the most important gatherings of African business leaders officially opened in Geneva on Monday, March 17. The three-day event closes on Wednesday. Organized by the publishing house Groupe Jeune Afrique in partnership with the African Development Bank (AfDB), the second Africa CEO Forum boasted “680 participants, speakers and journalists from more than 38 countries.”700 Decision-makers to attend Africa CEO Forum 2014
17-Mar-2014 -