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AfDB Boards approve US $4.89 billion for 2014 Borrowing Program

04-Dec-2013 - The Boards of the African Development Bank (AfDB) on Wednesday, December 4 approved a cumulative US $4.89 billion (UA 3.188 billion) for the 2014 Borrowing Program of the AfDB Group, which includes US $199.58 million (UA 130 million) for possible draw down under the loan component of the Enhanced Private Sector Assistance (EPSA) Initiative for Africa.

AfDB Board approves US $20 million ADF loan for private sector development program in the Seychelles

04-Dec-2013 - The Board of Directors of the African Development Bank Group on Tuesday, December 3, approved a US $20 million African Development Fund loan for the Inclusive Private Sector Development and Competitiveness Programme (IPSDCP).

AfDB Board approves combined 2013-2017 Country Strategy Paper and 2013 Portfolio Review for Côte d’Ivoire

04-Dec-2013 - The Board of the African Development Bank Group on Wednesday, December 4 approved the combined Country Strategy Paper (CSP) and 2013 Portfolio Review for Côte d’Ivoire.

AfDB Board approves US $55.27 million for project to improve food security in Mali

04-Dec-2013 - On Tuesday, December 3, the African Development Bank Group’s Board of Directors approved US $55.27 million for the Food Security Consolidation through Development of Irrigation Farming Project (PRESA/DCI) in Mali.

AfDB and Government of Angola sign loan agreement for Artisanal Fisheries Support Project

03-Dec-2013 - A loan agreement for the Artisanal Fisheries Support Project was signed on Monday, December 2 by Septime Martin, the African Development Bank’s Resident Representative in Angola, on behalf of the Bank and Job Graça, the Minister of Planning and Territorial Development, representing the Government of Angola.

The Lancet: Health disparities between nations could be eliminated within a generation

03-Dec-2013 - “We are on the verge of being able to achieve a milestone for humanity” – Lawrence H. Summers, Chair of new Commission on investing in health

La BAD appuie une entreprise ivoirienne pour son initiative en faveur de la sécurité alimentaire

02-Dec-2013 - La Banque africaine de développement (BAD) et la Fédération Nationale des Coopératives de Vivriers de Côte d’Ivoire (FENACOVICI) ont procédé le 29 Novembre 2013, à Abidjan, à la signature du premier accord de don du Fonds pour l’Accélération du Développement agricole, en faveur d’une entreprise ivoirienne.

MDBs meet to discuss alignment of procurement policies and procedures

02-Dec-2013 - The Heads of Procurement (HoP) of the Multilateral Development Banks (MDBs) met in Islamic Development Bank (IsDB) Headquarters in Jeddah, Saudi Arabia, November 10-13, 2013 to deliberate on selected topics relating to procurement activities of the MDBs. The Heads of Procurement from the African Development Bank, Asian Development Bank, Black Sea Trade Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, and the World Bank attended the meeting along with their...

Board approves socio-economic infrastructure reinforcement project in DRC

28-Nov-2013 - The Board of Directors of the African Development Bank Group (AfDB) met in Tunis on Wednesday, November 27, 2013 in Tunis, and approved US $161.92 million to finance the reinforcement of socio-economic infrastructure in the Central Region of the Democratic Republic of Congo.

Six African countries get new support to bolster private sector’s role in climate action

28-Nov-2013 - With African Development Bank (AfDB) support, six African nations – Burkina Faso, Democratic Republic of Congo, Ghana, Kenya, Mali and Mozambique – made it through a global competition run by the Climate Investment Funds (CIF) to provide dedicated funding to engage the private sector in effective climate solutions.

AfDB Board commits US $113 million to Regional Rusumo Falls Hydropower Project

27-Nov-2013 - The African Development Bank Group’s (AfDB) efforts to improve sustainable energy supply and access in Africa took a leap forward with the Board of Directors’ approval of the Regional Rusumo Falls Hydropower Project.

Asian Development Bank President hails AfDB’s work on clean energy financing

27-Nov-2013 - The African Development Bank’s (AfDB) work in clean energy financing received some welcome recognition last week from Asian Development Bank President (ADB) Takehiko Nakao. The ADB President commended the African Development Bank for its commitment to promoting clean energy investments during the 6th annual meeting of the Asia Solar Energy Forum (ASEF) on Solar Energy Technology Trends and Opportunities held in Tashkent, Uzbekistan, from November 20-23.

AfDB and African Virtual University discuss benefits of e-learning

26-Nov-2013 - “We consider the African Virtual University (AVU) Project very critical to the effort to improve access to higher education in Africa and are pleased to learn that the deliberations on the integration of e-learning and open education into mainstream education programs was fruitful,” concluded Stefan Muller, Lead Economist of the African Development Bank’s (AfDB) East Africa Regional Resource Center (EARC) during the first international conference African Virtual University organized from November 20-22, 2013 in Nairobi.

AfDB to support skills development for job creation in Zambia with US$ 33.6 million loan

21-Nov-2013 - The Board of Directors of the African Development Bank Group (AfDB) on 20 November 2013 in Tunis approved a loan of UA 22.22 million or US $33.6 million from African Development Fund (ADF) concessionary resources to finance the Support to Science and Technology Education Project (SSTEP) in Zambia.

DRC Inga mega hydropower plant implementation advances with AfDB support

20-Nov-2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL).

Extension of Call for Nominations: Members of the Appeals Panel - Disclosure and Access to Information Policy

20-Nov-2013 - The African Development Bank Group (the "Bank Group") Disclosure and Access to Information (DAI) Policy re-affirms the commitment of all Bank Group entities and staff to the principles of good governance, particularly transparency, accountability, increased access to information and active communication.

Strengthening the health workforce in Africa: a priority for the AfDB

18-Nov-2013 - A critical issue for African countries “Human Resources for Health: foundation for Universal Health Coverage (UHC) and the post-2015 development agenda” was discussed among 2,000 participants from 80 countries at the Third Global Forum on Human Resources for Health (HRH) which took place November 10-13 in Recife, Brazil. The conference was followed by a Board meeting of the Global Health Workforce Alliance (GHWA) on November 14 to set up the future health workforce agenda, in which the African Development Bank is a member.

Innovative Project Improving Food Value Chain to be Launched in Monrovia

18-Nov-2013 - An innovative project aimed at reducing rural poverty and household food insecurity will be launched on November 19 in Monrovia. The Smallholder Agricultural Productivity Enhancement and Commercialization (SAPEC) project is jointly financed by the Global Agriculture and Food Security Program (GAFSP) and the African Development Bank Group (AfDB). SAPEC project is managed and administered by the AfDB.

AfDB excels as premiere institution financing low carbon development in Africa

15-Nov-2013 - Multilateral development banks (MDBs) provided almost US $27 billion worldwide, in financing to address the challenges of climate change in 2012, according to the second joint MDB report on climate finance. The report was released today, in line with the commitment by MDBs to enhance the transparency of their investments in climate change mitigation and adaptation.

Burkina Faso receives $11.5 million to increase forest carbon sequestration and reduce rural poverty

13-Nov-2013 - With African Development Bank (AfDB) support, Burkina Faso has received an $11.5 million grant from the Climate Investment Funds’ (CIF) Forest Investment Program (FIP) to undertake the Gazetted Forests Participatory Management Project for REDD+ to create critically needed transformation of 12 of its gazetted forests.