The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
16/04/2019 - The manufacturing sector will hold the key to future growth in East Africa, the African Development Bank’s lead Economist for the Bank’s East Africa Regional Office has emphasised.
The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight African countries – Ghana (4), Tanzania (4), Burkina Faso (2), Malawi (2), Mozambique (2), Ethiopia (1), Nigeria (1) and Senegal (1).
01/04/2019 - A year after the signing of the African Continental Free Trade Agreement (AfCFTA) in Kigali by 49 African states, and following the ratification of the agreement by Ethiopia on the first anniversary on 21st March, only one more state is now required to reach the minimum requirement of 22 ratifying states. This will confirm its entry into force, contributing to the creation of one of the potentially biggest free trade areas in the world.
27/02/2019 - East African governors of the African Development Bank on Wednesday commended the institution for approving transformative projects valued at $13.8 billion since 2010.
30/10/2018 - Tanzania’s alternative learning and skills development centers were constructed with African Development Fund (ADF) loan and grant totaling US$32.7 million. Designed to fill the gaps in non-formal education in Zanzibar, specifically on the islands of Unguja and Pemba, the project also financed equipment purchase and development of teachers’ manuals.
25/10/2018 - The African Development Fund, the concessional arm of the African Development Bank, extended loans of US$107 million to the Republic of Kenya and US$88 million to the United Republic of Tanzania to build a modern and more efficient “One Stop Border Post”. The financing also covered the construction of a 240-km road from Arusha through Namanga to Athi River, near Nairobi.
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.
11/07/2018 - Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a US$40- million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.
09/07/2018 - The African Development Bank President, Akinwumi Adesina, has instituted a special prize for excellence in leadership in memory of Tonia Kandiero, late Director General of the Bank’s Southern Africa Regional Development and Business Delivery Office (d. June 28, 2017).