The African Development Bank hosted the fall session of the Multilateral Finance Institutions’ Working Group on Environment and Social Standards (MFI-WGESS) from September 30 to October 2 in Abidjan, Côte d’Ivoire. The meeting was attended by representatives of various multilateral financing...

Under the Joint Partnership for Africa (JPA) Program, the African Development Bank, through its African Development Institute (EADI) and in collaboration with the International Monetary Fund (IMF), held a five-day training on “Financial Soundness Indicators (FSIs)” from September 7-11 in Pretoria,...

The Prime Minister of the Republic of Uganda, Ruhakana Rugunda, lauded the African Legal Support Facility (ALSF) for conducting a capacity-building training programme to equip government officials with the skills needed to negotiate favourable mining agreements. He reiterated the need for...

Civil society has a key role to play in fighting corruption – from monitoring public services, denouncing bribery and raising awareness, to contributing to the implementation of international anti-corruption instruments such as the United Nations Convention against Corruption (UNCAC). The African...

The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US...

On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US $120-million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (...

On 30 September, the African Development Bank (AfDB) formally approved a grant of 8.226 billion CFA francs (approximately US $14.4 million) to Côte d’Ivoire from the African Development Fund (ADF) to fund the Support to Industrial Competitiveness Enhancement Project (PARCSI). This project forms...

The African Development Bank Group (“AfDB” or “Bank”) on October 1st, 2015, announced the conclusion of a settlement with SNC-Lavalin Group Inc. (“SNC-Lavalin”). The settlement follows an inquiry supervised by the Integrity and Anti-Corruption Department (“IACD”) of the Bank and pertains to...

There are pressing human development needs across Africa. While some countries have made significant progress toward achieving the Millennium Development Goals, many others have not yet managed to reap the full developmental benefits of natural resource wealth. Evidence and experience suggest that...