Press Releases
Displaying 4041 - 4060 of 5337
Morocco: Works on World’s Largest Solar Plant Financed by AfDB Go Underway
13-May-2013 - The official launch of the first phase of the Ouarzazate solar power plant took place on Friday, 10 May 2013 in the Moroccan rural municipality of Ghessate (Ouarzazate Province). The event was attended by King Mohammed VI and representatives of the Moroccan Agency for Solar Energy (MASEN) and the African Development Bank (AfDB) Group.
Regional Integration Key to Africa’s Future Competitiveness
09-May-2013 - Africa must increase competitiveness or jeopardize future growth, warns the Africa Competitiveness Report 2013, which assesses prospects for sustainable growth of 38 African countries. Jointly produced by the African Development Bank, the World Bank and the World Economic Forum, the report identifies closer regional integration as an important driver for enhancing competitiveness. Download the full report, highlights, summary,country profiles, rankings and more at www.weforum.org/acr.The AfDB supports economic recovery in Mali with a loan of more than 30 billion CFA francs
08-May-2013 - The African Development Bank Group (AfDB) approved on Wednesday, May 8 in Tunis, a loan of 30 billion CFA francs to the Republic of Mali. This amount will be drawn from the resources of the African Development Fund (ADF), the Bank’s concessional window, to finance an Emergency Economic Recovery Support Programme (EERSP).AfDB Launches US$1.26B Kenya – Ethiopia Electricity Highway
07-May-2013 - The African Development Bank today launched the 1,068-kilometre high-voltage electricity highway to be built between Kenya and Ethiopia. The project, which is expected to be completed in less than five years, involves the construction of transmission lines of about 437 km in Ethiopia and about 631 km in Kenya and associated AC/DC converter stations at Wolayta-Sodo (Ethiopia) and Suswa (Kenya) substations with a transfer capacity of up to 2,000 MW in either direction.Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
07-May-2013 - AfDB/World Bank-supported plan to generate more than a gigawatt of powerAfDB’s African Financial Markets Initiative launches website on African local currency bond markets
06-May-2013 - The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB), will launch its website www.africanbondmarkets.org on May 6, 2013. The AFMI website is designed to be a knowledge management and information dissemination tool to raise awareness and understanding of African local currency bond markets.
AfDB Boosts Integrated Development and Governance in Tunisia with 22.9 Million Euros
06-May-2013 - The African Development Bank (AfDB) and the Government of Tunisia on Monday, May 6, 2013, in Tunis, signed two agreements relating to two important operations. The first agreement concerned the North Gafsa integrated development project (PDAI), in the amount of 22.115 million euros, while the second one, an agreement letter for 799,664 euros, related to the support and establishment of the e-government and open government. The funding amounts to 22.9 million euros.African Ministers of Finance Contribute to AfDB-Harvard Ministerial Leadership in Health Forum
02-May-2013 - From April 21-24, 2013, a distinguished audience comprising of more than 20 serving and former Ministers of Finance, former Prime Ministers and Presidents, prominent scholars and economists participated in the Ministerial Leadership in Health Forum at Harvard University.AfDB-Nigeria: The AfDB reinforces its partnership with Plateau State
29-Apr-2013 - In a move to strengthen its relationships with its partners on the ground the African Development Bank (AfDB) Resident Representative, Ousmane Dore, paid a courtesy call on the Plateau State Governor, Jonah David Jang, on April 12, 2012 in Kuru. Discussions between Jang and Dore revolved around the development of Nigeria in general and the Plateau region in central Nigeria.AfDB Facilitates Energy Diversification and Access to Clean Energy with the Approval of a €115 Million Loan to Turkana Wind Power Project in Kenya
26-Apr-2013 - The Board of Directors of the African Development Bank (AfDB) approved €115 million in financing for a wind power project in Kenya’s Lake Turkana region. The project will add 300MW to power generation capacity and will benefit Kenya by providing clean and affordable energy that will reduce the overall energy cost to end consumers. Furthermore, the project will allow the landlocked Great Rift Valley region to be connected to the rest of the country through the improved infrastructure linked to the wind farm, including a road, fiber-optic cable...AfDB successfully reopens its 5-year US Dollar Global bond
26-Apr-2013 - This week, the African Development Bank successfully priced a USD 500 million reopening of its the 5-year bond, originally issued in January, bringing the new total issue size to USD 2.175 billion. This is the third reopening of this 5-year line and is now the Bank's largest outstanding Global transaction to date.
The AfDB and its Partners in Support of the Water Sector in Mali
25-Apr-2013 - A Round Table of donors for the financing of the Drinking Water Project in Bamako was held on 18-19 April 2013 in Bamako, Mali. The meeting noted significant developments in project preparation from the technical, environmental and institutional viewpoints. The discussions helped to ensure the commitment of major donors to pursue their participation in the project’s implementation and to agree with the government and other partners as to the way forward with regard to the project’s execution.
International Financial Institutions Agree to Share Data to Improve Development Outcomes and Lay the Groundwork for the Post-2015 Development Agenda
24-Apr-2013 - Leaders of six multilateral financial institutions, met in Washington on 19 April 2013 to discuss the Millennium Development Goals (MDGs). The meeting was presided over by AfDB President, Donald Kaberuka , the coordinator of the multilateral l financial institutions for 2013.AfDB Strengthens Angola’s Public Institutions
23-Apr-2013 - The African Development Bank (AfDB) organized on 15-19 April 2013 in Luanda, Angola a workshop meant to strengthen capacity for projects and financial management in the country’s public institutions.The AfDB’s Compelling Case for Africa’s Structural Transformation
23-Apr-2013 - The African Development Bank (AfDB) Group’s 2013 Annual Meetings take place from 27-31 May in Marrakech, Morocco. The 48th meetings of the AfDB and the 39th meetings of the African Development Fund (ADF) will be held under the central theme of “Structural Transformation in Africa.” For the AfDB, transforming Africa’s economies entails diversifying and expanding the sources of economic growth and opportunity in a manner that promotes greater productivity for sustained and inclusive economic development.AfDB to Host the Sustainable Energy for All Initiative’s Africa Hub
23-Apr-2013 - During the first Advisory Board Meeting of the Sustainable Energy for All (SE4ALL) Initiative, Donald Kaberuka, President of the African Development Bank (AfDB), announced that the AfDB will host the SE4ALL Africa Hub in cooperation with its African partner institutions: the African Union Commission and the NEPAD Planning and Coordination Agency, and with the support of United Nations Development Program (UNDP).The Hub will be part of the global implementation structurThe Committee of Ten (C10) encourages diversification to overcome economic vulnerability
22-Apr-2013 - Meeting in Washington DC, USA, on April 18, 2013, the Committee of Ten (C10), comprising of African Ministers of Finance and Central Bank Governors called for strong support for the African Development Fund (ADF) and argued for a true transformation of African economies.The Committee of Ten supports the ADF
19-Apr-2013 - The Committee of Ten African Ministers of Finance and Central Bank Governors (The C-10) met on 19, April 2013 in Washington, alongside the World Bank and IMF Spring meeting. The Committee strongly call for robust replenishment of the 13th African Development Fund of the AfDB Group, consistent with Africa’s needs at this time.