High honours were given to African Development Bank Group (AfDB) President Donald Kaberuka on Thursday, April 16 in Washington for his work to end extreme poverty on the continent during his 10-year career as head of the Bank.

The African Development Bank (AfDB) and the Infrastructure Consortium for Africa (ICA) participated at the Validation Meeting for the Programme for Infrastructure Development in Africa (PIDA) Acceleration Strategy Action Plan (PAS) and the preparatory meeting for the launching of the Continental Business Network (CBN) held in Victoria Falls, Zimbabwe, from April 9 to 10, 2015.

While the International Monetary Fund and World Bank announced this week that economic growth in Sub-Saharan Africa remains strong, the agencies predicted a second successive year of slowed growth for 2015. But that news does not change African Development Bank Group (AfDB) President Donald Kaberuka’s bullish view of the continent. If fact, he maintains Africa is still rising.

The Board of Directors of the African Development Bank Group approved a US $140-million loan to Egypt’s Sharm El-Sheikh Development Project on April 15, 2015 in Abidjan, Côte d’Ivoire.

The Board also approved a US $1.90-million Middle Income Countries Technical Assistance Fund Grant to finance the project, which includes construction of a new terminal, runway and control tower within the confines of the Sharm El-Sheikh airport.

African Bank Group (AfDB) President Donald Kaberuka arrived in Washington, DC amid much fanfare ahead of the World Bank/International Monetary Fund Annual Spring Meetings.

World Bank Group President Jim Kim is set to honour Kaberuka later this week and thank him for his 10 years of service to the AfDB as well as his distinguished career in banking, international trade, development and government service. Kaberuka is currently wrapping up his last year as head of the AfDB. He has served as President of the institution since September 2005.