AfDB Invests Over USD 1 Billion in African Energy Projects
Investing in Energy Infrastructure to Accelerate Africa’s Development
Tunis, 21 December 2010 – In line with its strategy to boost energy infrastructure to accelerate Africa’s development, the African Development Bank (AfDB) Group approved over USD 1 billion in energy projects across the continent during the last few weeks of 2010.
The projects are located in Egypt, the DRC, Ethiopia, Kenya and Tanzania.
AfDB Approves USD 1 million Humanitarian Aid for Displaced People at Tunisia-Libya Border
The African Development Bank (AfDB) Group has approved a USD 1 million humanitarian emergency assistance grant to the International Red Cross Committee (ICRC) and the Tunisian Red Crescent (TRC).
AfDB and IsDB Sign USD 1 Billion Partnership MOU
Jeddah, Saudi Arabia, 21 December 2010 - The African Development Bank (AfDB) Group and the Islamic Development Bank (IsDB), on Tuesday in Jeddah, Saudi Arabia, signed a USD 1 billion dollar partnership Memorandum of Understanding for joint project funding in their Common Member Countries.
The MOU was signed by the AfDB Sector Operations Vice-President, Kamal ElKheshen and the IsDB Vice-President, Birama Boubacar Sidibe.
President Kaberuka Urges Deeper Fiscal Reforms in Swaziland
The President of the African Development Bank (AfDB) Group, Donald Kaberuka., was on Thursday, 10 March 2011, received in audience by his Majesty King Mswati III, the Prime Minister and members of the Swaziland economic team.
Mr Kaberuka was in the country to confer with the authorities on the economic challenges facing the country, in particular the tough fiscal situation.
The President encouraged the authorities to quicken and deepen the pace of fiscal reforms by significant expenditure cuts and revenue generation.
AfDB Invests USD 806 Million in African Transport Sector
Tunis, 21 December 2010 - In line with the African Development Bank (AfDB) Group’s 2008-2012 Medium-Term Strategy which has transport as one of its core intervention areas in the Regional Member Countries, the institution’s Boards of directors approved USD 806.1 million loans and grants to finance a number of national and multinational transport infrastructure and related projects on the continent in the past two months.
The operations concern Morocco, Kenya, Ghana, Congo, Central African Republic, Chad and the Democratic Republic of Congo.