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17/01/2018 - At the invitation of African Development Bank Group President Akinwumi Adesina, consultations have been held between the Bank’s Governors from West Africa and Central Africa and Senior Bank Management in Abidjan, Côte d’Ivoire. They are the first consultations of their kind since the creation of the Bank in 1963.

Categories: The High 5s, Climate Change

04/01/2018 - On December 15, the African Development Bank’s Board approved a US $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (“FEI OGEF”). This follows the approval of additional investments of US $10 million from Calvert Impact Capital (CIC), US $8.5 million from the Global Environment Facility (GEF) and €6 million from the Nordic Development Fund (NDF). In addition, the NDF will provide a €0.5-million grant for technical assistance to support deal structuring and capacity development.

Categories: Energy & Power, Sustainable Energy Fund for Africa, Global Environment Facility (GEF), The High 5s

28/12/2017 - On November 28, 2017, the Board of Directors of the African Development Bank Group (AfDB) approved the Bank’s third sovereign lending instrument called the Results-Based Financing (RBF) Policy. RBF will be the Bank’s third financing instrument to complement the two existing instruments, namely, investment lending and program-based operations (PBOs).

Categories: The High 5s

21/12/2017 - The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for USD 8 billion to be raised from capital markets.

Categories: Human Capital Development, The High 5s

21/12/2017 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a grant of US $ 995,000 to Asticom Kenya Ltd., to support the construction of a 10 megawatt (MW) grid-connected municipal waste-to-energy (WTE) plant.

The grant will fund the cost of conducting a full environmental and social impact assessment, detailed engineering designs, and provide project-related legal advisory services, as well as financial/transaction advisory services.

Categories: Kenya, Sustainable Energy Fund for Africa, The High 5s, Energy & Power

21/12/2017 - The Board of Directors of the African Development Bank has approved an equity investment of US $15 million in Catalyst Fund II, a second-generation private equity fund investing in mid-market companies in East Africa.

Categories: Kenya, Tanzania, Uganda, Ethiopia, Rwanda, Zambia, Democratic Republic of Congo, The High 5s, Private Sector

21/12/2017 - Building the next generation of African agricultural economists was one of the key highlights of a Structural Transformation of the African Agriculture and Rural Spaces (STAARS) workshop at the headquarters of the African Development Bank, from December 11-12, 2017.

Categories: Agriculture & Agro-industries, The High 5s, Partnerships

20/12/2017 - As part of its wider mandate under the New Deal on Energy for Africa, the Board of Directors of the African Development Bank on December 15, 2017, approved an investment of US $20 million in the Evolution II Fund −a Pan-African clean and sustainable energy private equity fund.

Categories: Energy & Power, The High 5s, Environment

18/12/2017 - On the occasion of International Migrants Day, December 18, the African Development Bank calls on African countries to reconstruct rural areas from zones of economic misery to zones of economic prosperity. This will in turn expand economic opportunities for African youth, leading to improvements in their lives, thereby stemming migration.

Categories: Youth, The High 5s, Agriculture & Agro-industries, Private Sector

13/12/2017 - La Banque africaine de développement a validé, mercredi 13 décembre 2017 à Abidjan, en Côte d’Ivoire, le projet de financement de la construction, sur 714 km, d’une ligne haute tension entre les villes N’Zérékoré en Guinée et de Sanankoroba au Mali.

Categories: Mali, Guinea, Energy & Power, The High 5s

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