Press Releases

President Kaberuka receives Ivorian footballer and humanitarian Didier Drogba to discuss partnership to tackle Ebola crisis

14-Nov-2014 - African Development Bank Group President Donald Kaberuka met with Didier Drogba, Ivorian footballer and humanitarian, at the AfDB headquarters in Abidjan on Friday, November 14 to discuss ways to tackle the Ebola outbreak in West Africa. In their private meeting, Kaberuka and Drogba discussed a partnership between the AfDB and the Didier Drogba Foundation in an effort to respond to Ebola, a health crisis that according to the World Health Organization has infected more than 14,098 people since March 2014, resulting in 5,160 deaths.

Morocco: AfDB publishes its intervention strategy for 2014-2016

13-Nov-2014 - The African Development Bank (AfDB) has released the mid-term review of its operations in Morocco for the years 2012 to 2016, which defines the nature and focus of its actions for the next three years. This publication also provides an update on the performance and results of current AfDB operations in the country. The Bank welcomes the strong performance of the Moroccan economy, reflected in an average annual growth rate of 4.2% between 2009 and 2013, despite a difficult international and regional context.

Heads of AfDB, AU and ECA join forces with African business leaders to launch Ebola response fund

08-Nov-2014 - Addis Ababa, Ethiopia – At an historic meeting on Saturday, November 8 at the African Union headquarters in Addis Ababa, Ethiopia, the African Union together with African Development Bank, the United Nations Economic Commission for Africa and leading businesses in Africa committed to join forces to create and support a funding mechanism to deal with the Ebola outbreak and its consequences.

US Treasury Secretary visits AfDB-financed power supply sub-station in Tanzania in the context of Power Africa

06-Nov-2014 - US Treasury Secretary Jacob Lew recently paid a visit to the Sokoine electricity supply sub-station in the Ilala District of Dar es Salaam, Tanzania. The expansion of the substation and the construction of at least one of its control rooms are among the many activities scheduled under the African Development Bank (AfDB)-financed Electricity V project in Tanzania. Electricity V will be implemented in Arusha, Dar es Salaam, Mwanza, and in the Shinyanga region of the country.

AfDB approves US $148 million Line of Credit to Equity Bank Limited

06-Nov-2014 - The African Development Bank (AfDB) approved on November 5, 2014 in Abidjan a US $148 million multi-sector senior Line of Credit (LoC) to Equity Bank Limited of Kenya (Equity Bank) for on-lending to key economic sectors in the country. The LoC approved by the AfDB Board is expected to further leverage Equity Bank’s capacity to deepen its lending activities to vital economic sectors such as manufacturing, agribusiness, transportation, financial services, telecommunications, construction and energy.

Global development banks and the private sector come together to support a practical solution for reducing the infrastructure gap

03-Nov-2014 - Global infrastructure needs to 2030 are estimated to be $57 trillion[1]. For both public sector and private sector investors in the developing markets there has been a lack of well-prepared projects to fulfil these needs. This has led to a widening infrastructure gap between what is required and what is delivered.

African Economic Conference 2014: Knowledge and Innovation Critical for Africa’s Transformation

01-Nov-2014 - Meeting in Addis Ababa for the 2014 African Economic Conference, leaders underscore the need to leverage knowledge and innovation for sustainable and inclusive growth Decision-makers and business leaders, economists and academics from across the globe meet here today for the annual African Economic Conference (AEC). The meeting will last until 3 November and allow them to discuss how to harness knowledge and innovation for the continent’s economic transformation.

Boosting crisis response and financing key for Africa’s continued progress

01-Nov-2014 - Tackling vulnerabilities should be at the center of continent’s development efforts While an increasing number of Africans are enjoying higher living standards, countries in Sub-Saharan Africa should redouble efforts to ensure crises such as the current Ebola outbreak in West Africa do not reverse development achievements, according to a report released here today during the African Economic Conference.

AfDB Board approves Financial Sector Development Policy and Strategy 2014-2019

30-Oct-2014 - Executive Directors of the African Development Bank Group on Wednesday, October 29, 2014 in Abidjan approved a landmark Financial Sector Development Policy and Strategy (FSDPS) which aims to improve access to financial services by the underserved and to broaden and deepen the continent’s financial systems.