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Somalia clears arrears owed to the African Development Bank Group

Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union.

AfDB, New Development Bank to co-finance African projects

The AfDB and the New Development Bank have signed an agreement to promote new impact projects to improve the lives of millions of Africans.
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African Development Bank VP joins new Senegal Cabinet

Amadou Hott, has been appointed as Senegal's Minister of the Economy, Planning and International Partnerships.

African Development Bank to address Africa’s investment challenge

The African Development Bank (AfDB) in collaboration with the South African Chamber of Commerce and Industry will hold a panel discussion on the Africa...

Uganda: SME’s to benefit from $20m African Development Bank loan

The African Development Bank (AfDB) has approved a $20 million loan to the Uganda Development Bank Limited (UDBL), comprising of a 10-year $15 million...

African Development Bank pledges $12bn for renewables

Last week, the multilateral financial institution stated that the funds will be spent over the next five years under the African Renewable Energy Initiative...
Nigerian economy

African Development Bank to boost Nigerian economy

The multilateral development finance institution, which was established to contribute to the economic development and social progress of African countries, has earlier this week...
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African Development Bank: Adesina elected as 8th President

On Tuesday, former Nigerian Agriculture Minister, Akinwumi Adesina, assumed office as the 8th elected President of the African Development Bank Group. The ceremony took place...

African Development Bank elects new President to lead

Last week the African Development Bank’s (AfDB) Chairman of the Board of Governors, Albert Toikeusse Mabri, announced the election of Dr Akinwumi A. Adesina...

The West African Development Bank implements five year financial plan

On Monday, the West African Development Bank’s (BOAD) board of directors approved the 2014-2018 financial outlook update along with the 2015-2017 programme budgeting at...

African Development Bank grants Kenya US$133 million

The Last Mile Connectivity Project in Kenya has been granted US$133 million by the African Development Bank to achieve its objective of expanding electricity...

African Development Bank Economist to present report on continent’s wind energy...

Some 5000 power professionals to gather in Cape Town

In each market where wind energy is being developed, the state is a big player in the initial stages of industry development; and is often the sponsor of pilot projects according to Dr Emelly Mutambatsere, Principal Regional Economist, African Development Bank.  As co-author of a comprehensive study for the AdB on the Development of Wind Energy in Africa, Dr Mutambatsere is a speaker on the topic at the  upcoming Clean Power Africa that is taking place in Cape Town from 14-15 May.  

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