Microsoft has proposed a series of measures to African governments to promote the use of information and communications technology (ICT) among unemployed youth. Under this partnership, the African Development Bank (AfDB) will invest $20 million in technology to boost access to ICT...
Rwanda, host of the 2014 Annual Meetings of the African Development Bank Group (AfDB), commemorated the 20th anniversary of the genocide which claimed a million lives, mainly people of the Tutsi ethnic group and moderate Hutus in one hundred days, in April 1994.
The narrative on “how...
Only three years after independence, the world’s youngest country was still celebrating its newly acquired freedom before it was plunged into violent conflict. On December 15, 2013, South Sudanese woke up to the same gunfire and conflict that they had fought so tirelessly to end.
With thousands...
Africa will have 760 million urban residents in 2030 and the figure is expected to multiply to 1.2 billion by 2050.
If this population explosion is not matched with growth of megacities across the continent, urbanization is certainly set to suffocate infrastructure, as well as usher in...
23-May-2014
AfDB’s 2014 Annual Meetings End in Kigali
The 49th Annual Meetings of the African Development Bank (AfDB) and the 40th meetings of the African Development Fund (ADF) closed on Friday, May 23, 2014 in Kigali, Rwanda, after five days of exhaustive deliberations on key African and global development issues....
Your Excellencies,
Heads of State and Government,
Governors,
Eminent Persons, Ladies and Gentlemen,
Good morning and thank you for honoring us with your presence.
A very warm welcome to Kigali, the Land of a thousand hills, and to the AGM.
This is a great day.
Thank you,...
Sub-Saharan Africa recorded 5% growth in 2013 – 6% if South Africa is excluded from the figures. These are the findings of the 2013 Annual Report of the African Development Bank (AfDB) published on May 21 in Kigali, Rwanda, as part of the Bank's Annual Meetings.
The...
22/05/2014
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AfDB Annual Report 2013
Despite the financial crisis, remittances from the diaspora and foreign direct investment (FDI) to Africa have continued, with relatively large volumes in recent years.
Remittances reached US $65 billion in 2013, an increase of...
The African Development Bank 2013 Annual Report, published on May 21 in Kigali, states that Africa has made some progress towards Millennium Development Goals (MDGs), particularly with regard to reductions in maternal and infant mortality, education for all and the...