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African Development Bank Group (AfDB)

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    • Tens of thousands of farmers and low-income households in southern Ethiopia will benefit from a program financed by an African Development Fund donation
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Source: African Development Bank Group (AfDB) |

Ethiopia: African Development Fund grants $46 million to improve access to water and sanitation for pastoral communities in the Borana region

It will also be used to build 9 reservoirs, distribution systems (142.6 kilometres) and connections to give 36,000 new users access to drinking water

The Board of Directors of the African Development Fund in Abidjan on 28 February 2024, donated $46.02 million to Ethiopia to implement Phase 2 of the Borana Resilient Water Development for Improved Livelihoods Program in the country’s south. Financial support from the African Development Bank Group’s concessional rate loans window…

African Development Bank Group (AfDB)

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    • From l to r: Minata Samate Cessouma, Commissioner for Health, Humanitarian Affairs and Social Development, African Union Commission; Samuel Ntsokoane Matekane, Prime Minister and Minister of Defence, National Security and Environment of the Kingdom of Lesotho; Sahle-Work Zewde, President of the Federal Republic of Ethiopia; Akinwumi Adesina, President of the African Development Bank Group
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Source: African Development Bank Group (AfDB) |

Leaders say financing and stronger policies needed to tackle malnutrition affecting more than 80 million children

Some 86 million children below five face various forms of malnutrition, 63 million are stunted, 10 million are overweight and three million are wasted - that is they have low weight for their height

Lesotho, African Union Commission, African Development Bank (www.AfDB.org), and partners call for renewed commitment to boost nutrition for Africa’s children; "We have a duty and a responsibility to reduce malnutrition and stunting in Africa by 40% by 2025 - just one year from now" - Adesina. Africa’s children are paying…

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

African Development Bank Group and Ethiopia Resolve to Normalize Relations

The African Development Bank is delighted with and reassured by the strong personal leadership and firm commitment shown by Prime Minister Abiy Ahmed

Following a serious diplomatic incident in which two international staff of the African Development Bank Group (www.AfDB.org) based in the Bank’s Country Office in Ethiopia were severely assaulted by security agents of the Government of Ethiopia, the African Development Bank lodged a formal complaint with the Government of Ethiopia over…

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

African Development Bank Group’s international staff to leave Ethiopia over serious diplomatic incident

These decisions follow the recent breach of diplomatic protocol and assault by Ethiopian security forces on two of the African Development Bank’s international members of staff

The African Development Bank (www.AfDB.org) has decided to withdraw all its international staff from Ethiopia immediately. The office will remain open under an Officer-in-Charge. These measures will not affect nationally recruited staff from Ethiopia who will continue their work and remain in the full employment of the Bank. The Bank…

African Development Bank Group (AfDB)

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    • Panelists at an African Economic Conference session on public-private partnerships to catalyse infrastructure development and innovative financing for industrialisation in Africa
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Source: African Development Bank Group (AfDB) |

Public-private partnerships needed to bridge Africa’s infrastructure development gap

The ECA has been working with African countries to enhance their PPPs for infrastructure development, undertaking capacity building and helping them mobilize resources for infrastructure development

Public-private partnerships (PPPs) are crucial to closing the financing gap for infrastructure development in Africa, and governments and the private sector should work together to create effective PPPs, said Dr Robert Lisinge, Acting Director of the Private Sector Development and Finance Division at the UN Economic Commission for Africa (ECA).…

African Development Bank Group (AfDB)

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    • Left- Right: Director of the Regional Service Centre at the UNDP Regional Office for Africa, Matthias Naab; Executive Secretary of the Economic Commission for Africa, Claver Gatete; President Sahle-Work Zewde of Ethiopia (left) at the 2023 African Economic Conference in Addis Ababa
    • Ethiopian President Sahle-Work Zewde (left) in discussion with African Development Bank Chief Economist and VP Kevin Urama during the 2023 AEC. In the centre is the Executive Secretary of the Economic Commission for Africa (ECA), Claver Gatete
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Source: African Development Bank Group (AfDB) |

African Economic Conference calls for stronger political will to spur Africa’s industrialisation

This year’s conference, the 18th edition, brought together experts, the private sector, researchers, and young people to discuss the challenges and prospects of industrialisation in Africa

African countries need to show stronger political will to advance industrialisation, including the adoption of new policies to promote improved productivity and harness the potential of a growing youth population, delegates attending the 2023 African Economic Conference heard. The three-day conference opened in the Ethiopian capital, Addis Ababa, on Wednesday…

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    • Statement by the African Development Bank Group following the illegal arrest of its staff in Ethiopia
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Source: African Development Bank Group (AfDB) |

Statement by the African Development Bank Group following the illegal arrest of its staff in Ethiopia

The Prime Minister of Ethiopia immediately acted when he learnt of the incident, ordered the immediate release of the affected staff and promised to order an immediate investigation into the incident

On 31 October 2023, two staff members of the African Development Bank Group (www.AfDB.org) based in Addis Ababa were unlawfully arrested, physically assaulted, and detained for many hours by elements of the security forces without any official explanation. We are pleased that the Prime Minister of Ethiopia immediately acted when he learnt of the…

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

Ethiopia set to host the 2023 African Economic Conference

The conference will be held from 16-18 November in a hybrid format, with the physical location being the UN Conference Centre in Addis Ababa, Ethiopia

The stage is now set for the 2023 African Economic Conference (https://apo-opa.info/40i5kmb), jointly organized by the African Development Bank (www.AfDB.org), the Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP). The conference will be held from 16-18 November in a hybrid format, with the physical location being…

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

Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production

The project has three components: Climate Smart Wheat Productivity and Production; Market Infrastructure, Linkages, and Agri-Finance; and Project Coordination and Management

The African Development Bank Group (www.AfDB.org) has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General for East Africa, Abdul Kamara, signed the grant agreement on 2 August 2023 for…

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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…