Press Releases
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AfDB prices NZD 100 million Kauri Bond due August 2019
27-Aug-2014 - Transaction Highlights African Development Bank (AfDB), rated Aaa (Stable) / AAA (Stable) / AAA (Stable (Moody’s / Fitch / S&P), successfully priced a NZD 100 million 5-year Kauri benchmark due 27th August 2019 through TD Securities. The notes pay a coupon of 4.50% and marks the first Kauri from the AfDB since February 2008.
AfDB and WHO sign US $60 million MoU to strengthen Ebola response in West Africa
27-Aug-2014 - The President of the African Development Bank Group (AfDB), Donald Kaberuka, and the World Health Organization (WHO) Regional Director for Africa, Dr. Luis Sambo, on Tuesday, August 26 signed a Memorandum of Understanding (MoU) cementing a US $60 million Bank grant to help strengthen West Africa’s public health systems in response to the Ebola crisis.Just released: the West Africa Monitor Quarterly, Issue 3
25-Aug-2014 - The African Development Bank released on August 21 its latest edition of the West Africa Monitor Quarterly. The report follows key socio-economic developments in the region and provides brief analysis on latest events across the countries.African Water Facility promotes multiple use water services to increase access to water of rural and peri-urban communities in South Africa
21-Aug-2014 - The African Water Facility (AWF) offered on August 20, 2014 a €1.3 million grant to the Water Research Commission of the Republic of South Africa to improve water delivery services, an initiative that will be supported and driven by the beneficiary communities of Limpopo province. Over 20,000 people are expected to get improved access to$210 million response: AfDB steps up efforts to curb Ebola outbreak in West Africa
19-Aug-2014 - The African Development Bank Group (AfDB) on Monday, August 18 in Abidjan, approved a US $60 million grant investment as part of a $210 million package for immediate implementation to help strengthen West Africa’s public health systems in response to the Ebola crisis. The Bank’s Board, traditionally in recess during the month of August, convened an emergency meeting demonstrating the urgency of the situation and the Bank’s commitment to curb this global public health emergency.
AfDB pledges $60 million in grants to fight the Ebola epidemic in West Africa
15-Aug-2014 - Using m-health & governance systems, strengthening infrastructure, and training health workersADEA, AfDB and KOAFEC launch the 2014/2015 Education Research in Africa Award
13-Aug-2014 - The competition for the 3rd and 4th editions of the Education Research in Africa Award (ERAA) is now open. The Award aims to promote high quality education research, produced by African universities, research centres and research networks. It is awarded to four categories of researchers or institutions: the best emerging researcher, the best accomplished researcher, the outstanding mentor of educational researchers, and the best enabling institutional environment for education research.Sustainable Energy Fund for Africa supports Mali in promoting renewable energy
13-Aug-2014 - The Sustainable Energy Fund for Africa (SEFA) approved on 11th of August in Tunis a US$530,000 grant to Mali as co-funding for a project to promote renewable energy in the country (PAPERM project).
Washington summit considered major boost to U.S-Africa relations
07-Aug-2014 - After nearly a week of wheeling and dealing in Washington D.C., business leaders and policy makers from the United States and Africa are calling the first ever U.S.-Africa Leaders Summit an enormous success.AfDB, anchor partner of Power Africa - Enhanced partnership between the US and AfDB for Power Africa announced at the US-Africa Summit
06-Aug-2014 - As part of the US-African Leaders Summit, on Tuesday, August 5, 2014, African Development Bank (AfDB) Group President, Donald Kaberuka, reaffirmed the AfDB’s support to advance the Power Africa initiative, with a commitment of $3 billion over a 5-year period. This support was originally announced by the AfDB, as an anchor Power Africa partner on the continent, in July 2013.US companies pledge $14 billion to Africa
06-Aug-2014 - When it comes to growing a business, everyone from entrepreneurs to leaders of the biggest corporations will go wherever the best opportunities lie. That’s why more than 100 CEOs of US companies have descended on Washington to meet hundreds of African leaders from the public and private sector. All this at the invitation of President Obama for the first US-Africa Leaders Summit.US Secretary of State joins leaders to promote closer ties with Africa
05-Aug-2014 - For African Development Bank Group President Donald Kaberuka, the reauthorization of the US African Growth and Opportunity Act (AGOA) must include further measures to bolster Africa's economy. "As we look at the new AGOA, it is important we put in comprehensive national and regional plans," Kaberuka said Monday at the World Bank in Washington, DC. He spoke to a room packed with more than 100 high-ranking US officials and representatives from AGOA-eligible countries.
AfDB to contribute to capacity building in Equatorial Guinea
05-Aug-2014 - At the invitation of the President of the Republic of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, African Development Bank Group (AfDB) President Donald Kaberuka made an official visit to Bata and Malabo from July 30 to August 1, 2014.Charting a new economic future for Africa is the theme at Washington panel
05-Aug-2014 - "A prosperous Africa is exactly what the world needs to get out of recession," African Development Bank Group (AfDB) President Donald Kaberuka told a group of business, policy and economic leaders in Washington, DC on Monday. While there are challenges when it comes to encouraging people to recalibrate their approach to the region, Kaberuka said, the "leaders who are here are business people who are looking to engage in that challenge."
AfDB President speaks at ‘Believe in Africa’ event ahead of Washington Summit
04-Aug-2014 - Hitting on the importance of the African economy, African Development Bank President Donald Kaberuka kicked off "Believe in Africa Day" on Sunday, ahead of the US-African Leader's Summit taking place this week in Washington, DC. "We have to figure out how to finance our own development," he said of Africa. "A country that relies on others to finance development is ordained to fail."
AfDB President Donald Kaberuka presses leaders on how to spur agribusiness in Africa
04-Aug-2014 - Increasing agribusiness in Africa was the focus of a panel discussion moderated by African Development Bank Group President Donald Kaberuka on Sunday at “Believe in Africa Day,” a forum taking place ahead of the US-African Leader's Summit this week in Washington, DC.African Water Facility promotes private sanitation venture to curb water-borne diseases and turn waste into energy in Kenya
31-Jul-2014 - The African Water Facility has offered a €1.2 million grant to the Kisumu Water and Sewage Company (KIWASCO) to support an innovative project that will provide sanitation services for residents in the Manyatta settlement in Kisumu, Kenya, while creating business through the sale of fertilizers, biogas and energy as by-product of sanitation collection.
Donald Kaberuka urges African countries to tap into women’s tremendous potential as economic forces
30-Jul-2014 - During the official opening of the 3rd African Women’s Economic Empowerment Summit on Friday, July 25 in Lusaka, Zambia, the President of the African Development Bank, Donald Kaberuka, said countries can only develop if they involve women in their development agendas.Ministerial Conference on training and jobs for African youth adopts a declaration and plan for inter-country cooperation
30-Jul-2014 - The Conference of Ministers on “Providing the African Youth with Skills and Training for Jobs”, which began on July 21, concluded on Wednesday, July 23, with the signature of the “Declaration of Ministers Responsible for Technical