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African Development Bank Group (AfDB)

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    • The African Development Bank's Sustainable Energy Fund for Africa (SEFA) is supporting the Tulu Moye geothermal project in Ethiopia for ten million US dollars
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Source: African Development Bank Group (AfDB) |

Ethiopia: Sustainable Energy Fund Africa provides $10 million grant to support Tulu Moye Geothermal Resource Development

The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project

The Board of Directors of the African Development Bank Group (http://www.AfDB.org/) has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) (http://www.AfDB.org/SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC…

African Development Bank Group (AfDB)

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    • The African Development Fund is working to improve the livelihoods of pastoralists in Ethiopia’s drylands
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund Approves $13.95 Million Grant for Borana Resilient Water Development for Improved Livelihoods Program

The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient, gender-sensitive integrated and sustainable water and sanitation services

The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist communities in Ethiopia’s drylands. The Borana Resilient Water Development for Improved Livelihoods Program will enhance access to climate-resilient,…

African Development Bank Group (AfDB)

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    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (1)
    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (2)
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Source: African Development Bank Group (AfDB) |

Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place

The virtual event was held from 25-27 October 2022 and brought together approximately 111 participants from governments, the private sector and development partners

The African Development Bank Group’s (www.AfDB.org) sixth edition of the Africa Energy Market Place (AEMP), focused on Djibouti, Eritrea and Ethiopia under the theme: Delivering Desert to Power in the Horn of Africa - Enhancing Regional Power Trade. The virtual event was held from 25-27 October 2022 and brought together…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Development Bank and African Union Commission Sign $9.73 Million Grant Agreement to Drive Digital Market Development in Africa

The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia

The African Union Commission (AUC) and the African Development Bank (www.AfDB.org) have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa. The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia. The AUC Commissioner for Economic…

African Development Bank Group (AfDB)

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    • Ethiopian President Sahle-Work Zewde greets African Development Bank chief Akinwumi Adesina during a visit to the Bank’s headquarters in Abidjan on 16 December 2021. The Bank Group’s African Development Fund is supporting Ethiopia with a $4.3 million grant to fund capacity building
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund approves $4.3 million grant to fund capacity building, boost economic resilience

The African Development Fund is the concessional lending arm of the African Development Bank Group

The Board of Directors of the African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance ministry and related government departments, to enable the country tackle declining growth and other economic challenges. The Ministry of Finance will implement the project. The African Development Fund is…

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    • State Minister Semereta Sewasew of the Ethiopian government’s Ministry of Finance and Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate & Green Growth, sign an agreement for $830,000 in technical assistance grant funding
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Bank signs $830,000 grant agreement to improve climate resilience for communities and ecosystems

The grant will contribute to the development of a climate-aligned water resources development plan and investment strategy for the Ziway-Shalla sub-Basin in Ethiopia’s central rift valley

The African Development Bank (www.AfDB.org) has signed an $830,000 technical assistance grant agreement for Ethiopia. The funds will help mainstream climate risk management, gender and resilience into economic planning and development in the country’s Ziway-Shallah sub-Basin. The signing took place on Thursday 26 May during the African Development Bank Group’s…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Radio News Release (Soundbite): Heat-tolerant wheat varieties helped Ethiopia stop wheat imports and become a net wheat exporter, says African Development Bank President Akinwumi Adesina

The soundbite below is copyright free and can be used at will, without asking for authorization

The recording is an excerpt of African Development Bank (www.AfDB.org) President Akinwumi Adesina’s opening statement at the meeting of African Ministers of Finance and Ministers of Agriculture jointly organized by the African Union Commission and the African Development Bank Group on 19 May 2022. Its objective was to discuss the…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Union welcomes $11.48 million grant from the African Development Fund to strengthen delivery of Agenda 2063

The grant will contribute to the Institutional Capacity Building for the African Union Project, a program designed to improve the AUC’s capacity to drive Agenda 2063

The African Union Commission (AUC) will soon benefit from an $11.48 million grant from the African Development Fund to strengthen its governance and provide it with institutional support. Approval for the grant, from the Fund’s regional public goods window, came a few days ahead of the 35th Ordinary Session of…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank President promoting continent’s recovery at 35th Ordinary Session of the African Union Assembly

Adesina will make a presentation on Mobilizing Financing for Africa’s Accelerated Economic Recovery Development and Integration

African Development Bank Group (www.AfDB.org) president, Dr. Akinwumi A. Adesina, is leading his institution’s delegation to the African Union’s Executive Council and Assembly meetings taking place in Addis Ababa this week. Adesina and his team will use the summit as an opportunity to promote key issues on the African Development…

African Development Bank Group (AfDB)

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    • HE Sahle-Work Zewde visit to African Development Bank (1)
    • HE Sahle-Work Zewde visit to African Development Bank (2)
    • HE Sahle-Work Zewde visit to African Development Bank (3)
    • HE Sahle-Work Zewde visit to African Development Bank (4)
    • HE Sahle-Work Zewde visit to African Development Bank (5)
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Source: African Development Bank Group (AfDB) |

Ethiopian President Sahle-Work Zewde and African Development Bank chief Akinwumi Adesina discuss Ethiopia’s development priorities

Dr Adesina cited several Bank-financed initiatives which he said were helping to bring the Bank’s High 5 priorities to fruition in Ethiopia

Ethiopian President Sahle-Work Zewde met with African Development Bank (www.AfDB.org) President Dr Akinwumi A. Adesina while on a working visit to Côte d’Ivoire. Meeting Thursday at the Bank’s headquarters in Abidjan, they discussed Ethiopia’s current and post-Covid-19 development priorities. Describing the African Development Bank as Ethiopia’s development partner of choice,…