Press Releases
Displaying 3101 - 3120 of 5337
Kenya to tap into Rift Valley geothermal resources and strengthen private sector investment in renewable energy
07-Apr-2016 - With African Development Bank (AfDB) support, Kenya has received approval from the Climate Investment Funds’ Clean Technology Fund (CIF-CTF) for a US $29.65-million concessional loan to co-finance up to two geothermal projects to increase the country’s power capacity, particularly drawing on untapped geothermal resources in the Rift Valley.
Africa50 announces the appointment of Alain Ebobissé as Chief Executive Officer
06-Apr-2016 - The Board of Directors of Africa50 is pleased to announce the appointment of Alain Ebobissé as Chief Executive Officer of Africa50, the Pan-African infrastructure investment platform capitalized by the African Development Bank and, so far, by 22 African countries with an initial capitalization of US $830 million.
AfDB President pledged to increase financial support to Mozambique
05-Apr-2016 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, on Monday, April 5, 2016 had a one-day visit in Maputo, Mozambique, where he reaffirmed the commitment of the Bank to continue to support the growing Mozambican economy.
East Africa leads the way in regional integration, says Index
05-Apr-2016 - The Africa Regional Integration Index (ARII) Report – Africa’s first effort to measure progress on regional integration – was launched Saturday, April 2 in Addis Ababa, Ethiopia, during African Development Week, which is taking place from March 31 to April 5. Out of all the Regional Economic Communities, the report cites the East African Community as the most integrated region.AfDB Group President to visit Malawi
04-Apr-2016 - The African Development Bank (AfDB) Group President, Akinwumi Adesina, will visit Mozambique and Malawi on April 4-5, 2016. While in Malawi, he will hold high-level discussions with Malawi President Peter Mutharika.AfDB President on working visit to Mozambique
04-Apr-2016 - The President of the African Development Bank Group (AfDB), Akinwumi Adesina, will be in Mozambique on a working visit from April 4-5 2016, leading a high-level Bank delegation. During the visit, President Adesina will be received by the President, Filipe Jacinto Nyusi, and maintain working contacts with the Ministers of Economy and Finance; Energy and Mineral Resources; Agriculture and Food Security; and Land, Environment and Rural Development; as well as the Governor of the Bank of Mozambique, and the Chairman of the EDM (electricity utility...
AfDB Group announces US $549-million drought response package for Eastern and Southern Africa
01-Apr-2016 - The African Development Bank (AfDB) Group President, Akinwumi Adesina, announced Friday a relief package of US $549 million in support of 14 countries most affected by the ongoing drought in Eastern and Southern Africa. The AfDB acknowledged the severe impact of the El Niño weather pattern that is associated with abnormally high temperatures and the worst drought the region has seen in decades, leaving almost 36 million people in need of food assistance.
AfDB scouts for viable energy models for power-starved Africa
01-Apr-2016 - A major preoccupation of the just-concluded visit to Asia by an African Development Bank team led by its President, Akinwumi Adesina, was the search for an efficient energy system that can be easily adapted in some of the most energy-starved African countries.AfDB approves US $228-million loan to rehabilitate strategic road linking Kenya and Tanzania
31-Mar-2016 - The Board of Directors of the African Development Bank approved on Wednesday, March 30, a US $228-million loan to the Government of Kenya to rehabilitate 172-kilometre road, linking the towns of Isebania and Ahero, an axis located southeast of Lake Victoria. The renovation of this route will facilitate trade between Kenya and Tanzania, while the social aspects associated with the project will accelerate the socio-economic development of the regions along the road, benefitting nearly two million people.AfDB hosts workshop on the role of agropoles and agro-processing zones in Africa’s agricultural transformation
30-Mar-2016 - The African Development Bank Group (AfDB) Departments of Agriculture and Agro-industry (OSAN) and Transition Support (ORTS) organized a workshop on “The Role of Agropoles and Agro-Processing Zones (APZ) in Feeding and Industrializing Africa” from March 22-23, 2016 in Abidjan, Côte d’Ivoire. Africa’s agricultural transformation was at the centre of discussions.
Sudan government launches online stock market with support from the AfDB
30-Mar-2016 - The Government of Sudan inaugurated an online trading system of its stock market on March 24, 2016 in the country’s capital, Khartoum – a landmark development in the Sudan’s financial history. Financed by the African Development Bank as part of its Public Financial and Macroeconomic Management (PFM) project, the e-trading system will be instrumental in promoting rapid development of the Khartoum Stock Exchange Market, which is a central element in the country’s financial market.Launching the Malawi Community of Practice and holding the High Level Workshop
29-Mar-2016 - From March 21-24, 2016, the Malawi Government launched the national Community of Practice as part of the African Community of Practice on Managing for Development Results (AfCoP-MfDR). AfCoP-MfDR has been funded by the African Development Bank (AfDB) since its launching in 2007. The Malawi government pledged its commitment to adopting Results Based Management as a strategy to implement its country National Development Plan.
AfDB President rounds up Asian tour in Beijing with firm commitments for support
29-Mar-2016 - The President of the African Development Bank Group, Akinwumi Adesina, departed Beijing on Tuesday night at the end of a three-nation Asian tour, which took him and his delegation to Japan (March 24-26), Korea (March 26-28) and China (March 28-29). These visits have focused on consultation with influential public and private entities in these three important non-regional members of the Bank Group on the Bank’s mission and future development programmes.Paris Agreement on climate change places Africa at the fulcrum of renewable energy deployment, experts agree
29-Mar-2016 - The Paris Agreement on climate change of December 2015 has placed Africa at the fulcrum of renewable energy deployment, but African countries have to take the responsibility for taking stock for a long-term development strategy, international climate and energy experts said at a recent meeting in Addis Ababa.
AfDB tasks African ambassadors on economic diplomacy
27-Mar-2016 - The President of the African Development Bank Group, Akinwumi Adesina, has urged African diplomats accredited to the Republic of South Korea to serve as ambassadors of the African Development Bank Group, promote the work of the Bank and garner support for the Bank’s activities in their respective capitals. Africa, he said, can learn very useful lessons from the Republic of Korea which transformed itself from an aid-dependent nation to a donor country in just over three decades.
Atelier de travail de la BAD : comment doper la compétitivité en Afrique de l’Ouest francophone ?
25-Mar-2016 - La Banque africaine de développement (BAD) a organisé, le 23 mars 2016 à Abidjan, en Côte d'Ivoire, un atelier sur la compétitivité en Afrique de l'Ouest francophone. Cet atelier s'est appuyé sur les conclusions du Rapport 2015 sur la compétitivité en Afrique, qui s'intitule " Transformer les économies d'Afrique. ".
Lack of water is a stumbling block to gender equality in Zimbabwe
25-Mar-2016 - Zimbabwe’s Minister of Water, Environment and Climate, Oppah Muchinguri has decried lack of sufficient clean water as a stumbling block to achieving gender equality. She said girls were often forced to miss school because of searching for the precious liquid.AfDB and Cote d’Ivoire government discuss role of water in job creation
24-Mar-2016 - The African Development Bank together with the government of Cote d’Ivoire this week held discussion on the country’s water sector. The event took place during the World Water Day on March 22, 2016 in Abidjan. It was led by Louis-Andre Dacoury-Tabley, the Minister of Water and Forests, and Anne Ouloto, the Minister for Urban Safety and Sanitation. Also present was Jean-Michel Ossete, Coordinator of the African Water Facility (AWF), an initiative hosted and managed by the African Development Bank, among others.