News & Events
12/10/2018 - The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap for accelerating regional integration in the Region with regional infrastructure development among the main pillars of the plan. The Strategy will guide the Bank’s regional operations in 13 countries, namely Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania and Uganda.
30/05/2018 - The African Development Bank, on May 28, 2018 in Mogadishu, participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund (SIF). The ceremony was witnessed by Albert Mafusire, the African Development Bank’s Principal Country Economist for Somalia, who represented the Bank’s Deputy Director General for East Africa and Country Manager for Somalia, Nnenna Nwabufo; the Italian Ambassador to Somalia, Carlo Campanile; and the Federal Government of Somalia’s newly appointed Minister of Public Works, Reconstruction and Housing, Abdifatah Mohamed Ibrahim.
27/04/2018 - The African Development Bank’s Deputy Director General for East Africa, Nnenna Nwabufo, represented the institution at the launch of the Say No to Famine – Short-Term Regional Emergency Response Project (STRERP) for Somalia.
16/04/2018 - For the first time ever, the African Development Bank has released summaries of the African Economic Outlook (AEO), its main flagship report, in three African languages: Arabic, Hausa and Kiswahili. These three languages are among the most widely spoken by over 300 million Africans. Releasing the report in local languages aims to increase accessibility of the publication’s findings to a large segment of Africans and promote linguistic inclusiveness. This release is also the latest innovation for increasing the relevance and timeliness of the African Economic Outlook.
Categories: Niger, Mali, Benin, Morocco, Tunisia, Egypt, Algeria, Libya, Mauritania, Cameroon, Democratic Republic of Congo, Burundi, Burkina Faso, Côte d’Ivoire, Ghana, Nigeria, Sudan, Chad, Togo, Comoros, Kenya, Malawi, Mozambique, Uganda, Rwanda, Somalia, Tanzania
07/03/2018 - In a historic first, East African Governors of the African Development Bank met with the President Akinwumi Adesina and Executives to discuss economic challenges, opportunities and successes in the continent's fast-growing powerhouse region.
Categories: Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Partnerships, Private Sector, Youth, Employment, Poverty Reduction, Regional Integration, The High 5s, The President, Infrastructure & Regional Integration
07/03/2018 - The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.”
Categories: Algeria, Egypt, Libya, Mauritania, Morocco, Tunisia, Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Sudan, South Sudan, Tanzania, Uganda, Nigeria, Ghana, South Africa, Youth, Poverty Reduction, Employment, Regional Integration, Partnerships, Infrastructure, Private Sector, The High 5s, Infrastructure & Regional Integration
16/12/2017 - On December 15, 2017, the African Development Bank (AfDB) approved the program “Multinational (Somalia/Sudan) Rural Livelihoods Adaptation to Climate Change in the Horn of Africa II (RLACC II)”. The program is funded by the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF) for a total amount of US $17 million. RLACC II aims to enhance rural livelihoods by reducing food insecurity through climate adaptive measures in pastoral and agro-pastoral communities. It is a clear response to the devastating drought, environmental degradation, and poverty in the Horn of Africa.
21/11/2017 - A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda. The initiative is part of a broad coalition to boost collaboration between the two institutions in agriculture, water and sanitation. The combined active portfolio of both institutions in these sectors in Nigeria, Somalia and Uganda is worth US$1 billion, with several projects in the pipelines to expand their support.