Press Releases

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Large-Scale Hydropower Projects Supported by AfDB to Transform Africa

22-Mar-2013 - “In Africa lies a paradox between plentiful untapped hydropower and other renewable energy resources versus very little electricity access. Forty-five per cent of the electricity generation in Sub-Saharan Africa comes from hydropower but only five per cent of the continent hydro-potential has been tapped. By harnessing those resources, we help delivering sustainable energy to many more people.” – Hela Cheikhrouhou, Director of Department of Energy, Environment and Climate Change, African Development Bank

Call for Papers - Expert Group Meeting on Inclusive Growth in Africa

19-Mar-2013 - Background Africa’s economic growth has accelerated in recent years, yet the quality and inclusiveness of this growth remain a major concern to policymakers, researchers, development partners and, most importantly, the ordinary people it is expected to benefit.

The AfDB and its partners in search of a regional approach for the employment of the young and qualified in North Africa

19-Mar-2013 - The African Development Bank Group (AfDB) organized on the 12th and 13th March in Rabat, Morocco, a regional conference on the employment of young graduates from institutions of higher education. The object of the conference was to rethink and lay down more efficient reform policies with regard to higher education in order to guarantee the possible employment of young graduates.  

Development Effectiveness Review 2012

18-Mar-2013 - The Development Effectiveness Review (DER) is a series of publications reviewing the African Development Bank’s (AfDB or Bank) contribution to Africa’s development results. Beginning with the first Annual Development Effectiveness Review published in 2011, the DER series has promoted transparency and accountability to our member countries and stakeholders. It also helps us ensure that our operations are continually improving.

The AfDB and Nobel Laureate Muhammad Yunus Launch Social Business in Africa

15-Mar-2013 - Muhammad Yunus, founder of Grameen Bank and 2006 Nobel Peace Prize laureate, delivered on March 13 a message of hope to Tunisians at a national conference on social business in Tunisia. The conference, which took place at the Institut des Hautes Etudes Commerciales (IHEC) in Carthage, was organized by the African Development Bank’s Human Development Department and Yunus Social Business, in collaboration with Global Shapers and Orange.

AfDB Approves US $73 Million for Irrigation and Road Projects in Malawi

14-Mar-2013 - The African Development Bank (AfDB) Group approved, on March 13, 2013, grants and loans amounting to US $73 million to finance irrigation and road rehabilitation projects in Malawi. The grants, totalling US $39.98 million from the Global Agriculture and Food Security Program (GAFSP) and the African Development Fund (ADF), will be used to finance the Smallholder Irrigation and Value Addition Project (SIVAP). A total of US $39.6 million will come from the GAFSP Multi-Donor Trust Fund, while the ADF will provide a grant of US $0.38 million.   

Will the CFA Franc have to be devaluated again?

14-Mar-2013 - The euro area continues to be the largest trading partner of the franc zone countries with a very important share (more than 70 per cent of trade) in half of the 14 countries. Membership of this zone has the advantage of restraining inflation over the long term. The common currency has also been used as a basis for regional integration with strong institutions. However, compared to other African countries, the franc zone countries are less competitive in international markets and seem less equipped to counteract some exogenous shocks, which...

AfDB Road Improvement Project to Benefit 800,000 People, Create 12,000 Jobs in Uganda

14-Mar-2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, March 13, a loan in the amount of US $144.89 million in support of the Uganda road sector.

Africa’s Information Highway - The AfDB Launches Open Data Platforms for 20 African Countries

13-Mar-2013 - The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia

Souk At-tanmia: A Pilot Project with Women at the Helm

12-Mar-2013 - The African Development Bank is financing a ground-breaking initiative in Tunisia – Souk At-tanmia – with the goal to foster youth employment, particularly in disadvantaged regions that are struggling with high levels of unemployment in the aftermath of the revolution.

L’autonomisation des femmes africaines via l’emploi : Ouagadougou, ville exemplaire

08-Mar-2013 - Gestion des ressources en eau et des déchets, Ouagadougou, Burkina Faso Facilité africaine de l’eau, 8 mars 2013 En ce jour de célébration des femmes, il est opportun de rappeler l’importance de leur rôle pour assurer l’avenir économique du continent africain.  

Climate for Development in Africa Committee Vows Partners Will Stay the Course

07-Mar-2013 - The 4th Session of the Steering Committee Meeting of the Climate for Development in Africa (ClimDev-Africa) Initiative opened in Tunis, Tunisia, on Wednesday, March 6 with a strong commitment from partners to do whatever it takes to ensure that the program contributes effectively towards the fight against climate change impacts on Africa.

The African Water Facility Increases Access to Water Supply and Sanitation, Fights Cholera in Zimbabwe

07-Mar-2013 - Funded by the African Water Facility (AWF) to the amount of US $3 million, the project designed to rehabilitate the water supply and sewerage systems in Chitungwiza will be handed over today to the Municipality of Chitungwiza, following the completion of the construction works.

AfDB and EBID Sign a US $950,000 Technical Assistance Grant

04-Mar-2013 - The African Development Bank (AfDB) and the Investment and Development Bank of the Economic Community of West African States (EBID) signed today a grant agreement amounting to US $950,000 to strengthen the EBID institutional capacities. The signing ceremony, held during the inauguration of the AfDB national office in Togo, was chaired by Serge N’Guessan, AfDB Resident Representative in Togo, and Bashir Ifo, EBID President. 

Competition and Market Structure in the Zambian Banking Sector

04-Mar-2013 - Studies on banking competition in developing countries, and especially in Africa, are sparse. This 2013 study, published by the Chief Economist Complex of the African Development Bank, evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by financial reforms, entry of new foreign banks and privatization of the state-owned bank.

Heads of Multilateral Development Banks Renew Commitment for Greater Cooperation

01-Mar-2013 - Donald Kaberuka, President of the African Development Bank (AfDB), met on February 25 in Washington, DC, the heads of the World Bank, the European Bank for Reconstruction and Development, the International Monetary Fund and the Inter-American Development Bank. The goal of the meeting: to renew the commitment to further cooperation between the multilateral development banks (MDBs).

Multilateral Development Banks Call for More Coordination on Global Development

28-Feb-2013 - Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund and the World Bank Group have pledged close collaboration to support development. The leaders emphasized the need for coordinated efforts to achieve the Millennium Development Goals by 2015, which aim to end poverty and hunger, increase access to education and health care, improve gender equality, and ensure environmental sustainability.

AfDB Approves US $300-Million Loan to Nigeria

28-Feb-2013 - The Board of Directors of the African Development Bank Group approved Wednesday in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.

AfDB Cites African Countries’ Integrated Climate Resilience Solutions in the Water Sector in CIF Global 2012 Annual Report

27-Feb-2013 - The African Development Bank (AfDB) has laid out solutions some African countries are about to apply, with help from the AfDB and the Climate Investment Funds (CIF), to respond to complex problems that climate change is creating on their combined sectors of water, food and energy.  

AfDB Approves Debt Relief for Comoros

25-Feb-2013 - The Board of Directors of the African Development Bank Group has approved debt relief for the Union of the Comoros following the country’s attainment of the completion point under the enhanced Highly Indebted Poor Countries Initiative (HIPC). The Board also approved the Comoros’ eligibility to benefit from the Multilateral Debt Relief Initiative (MDRI) to the tune of US $76.9 million.