African Development Bank
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Mozambique mineral wealth 'may spark unrest': Machel
Feb 28, 2013 10:48 EST
Human rights campaigner Graca Machel on Thursday warned that Mozambique's newly found mineral wealth could be a source of conflict if it does not filter down to the majority of the poverty-stricken people.
Growth has not helped Africa's poor: development bank
Feb 12, 2013 11:31 EST
A top official at the African Development Bank on Tuesday admitted the continent's breakneck growth has not yet transformed the lives of normal Africans.
IMF grants Mali $18 mn emergency loan
Jan 28, 2013 16:53 EST
The International Monetary Fund agreed Monday to provide an $18.4 million emergency loan to Mali, a move likely to lead other donors to release more funds after having cut off aid following the March 2012 coup.
Morocco solar plant secures 300-mln-euro loan
Nov 19, 2012 15:35 EST
Morocco's pioneering 160-megawatt solar power plant took a step forward on Monday, securing European financing agreements worth 300 million euros ($385 million), or nearly half of the project's cost.
Traffic-clogged Nairobi opens commuter rail service
Nov 14, 2012 08:09 EST
Kenyan commuters got their first taste Wednesday of refurbished locomotives and carriages supplied as part of a new train system in Nairobi designed to ease some of the worst traffic jams in the world.
IMF eases restrictions on help for Zimbabwe
Oct 30, 2012 15:06 EDT
The IMF relaxed its restrictions on providing consulting support to Zimbabwe Tuesday as the country moved toward constitutional reforms and showed improvement in economic policy cooperation with the Fund.
Liberia hopes to light up with W. Africa power project
Oct 26, 2012 07:51 EDT
Liberian President Ellen Johnson Sirleaf has signed a treaty which will connect her electricity-deprived nation to a planned regional power grid by 2016, her office said on Friday.
Saudi firm wins $1 bln Morocco solar plant contract
Sep 24, 2012 15:51 EDT
Morocco on Monday awarded a Saudi-led consortium a $1 billion contract to build a 160 megawatt solar power plant, the first in a series of vast solar energy projects planned in the North African kingdom.
Morocco 'confident' on ambitious solar power plans
Sep 11, 2012 12:45 EDT
Morocco said Tuesday it is "very confident" of finding the investment needed to build vast solar power plants in its southern desert regions and become a world-class solar energy producer.
Tunisia asks donors for $1 bln loan
Aug 10, 2012 12:53 EDT
Tunisia is seeking a $1 billion loan from foreign donors, including the World Bank and the European Union, Investment and International Cooperation Minister Riadh Bettaieb said on Friday.
Egypt president swears in new cabinet
Aug 02, 2012 14:26 EDT
Egyptian President Mohamed Morsi swore in a new cabinet on Thursday that retained military chief Field Marshal Hussein Tantawi as defence minister while giving the Islamists and their allies several portfolios.
Egypt's PM unveils new cabinet, keeps Tantawi
Aug 02, 2012 11:18 EDT
Egypt's Prime Minister Hisham Qandil unveiled a new cabinet on Thursday that retained military chief Field Marshal Hussein Tantawi as defence minister while giving the ruling Islamists and their allies several portfolios.
Egypt's little known new PM a surprise pick
Aug 01, 2012 19:59 EDT
Before his appointment as Egypt's prime minister, little was known about Hisham Qandil, an irrigation minister who last made headlines for persuading a suicidal employee not to jump out of a window.
All African economies showing growth: economist
Jul 31, 2012 18:20 EDT
African economies are growing amid bleak global conditions but the continent risks contamination from Europe's woes, a top economist said Tuesday.
Tunisia appoints controversial bank governor
Jul 24, 2012 15:22 EDT
Tunisia's National Constituent Assembly (ANC) on Tuesday appointed Chedly Ayari as the new central bank governor, after weeks of heated debate and another stormy session in the interim parliament.
Morsi names outgoing minister as Egypt PM
Jul 24, 2012 13:32 EDT
Egypt's Islamist President Mohamed Morsi named outgoing irrigation minister Hisham Qandil, a reputed independent, as prime minister on Tuesday and tasked him with forming a new government.
Egypt's Morsi names new prime minister
Jul 24, 2012 08:49 EDT
Egypt's Islamist President Mohamed Morsi on Tuesday named outgoing irrigation minister Hisham Qandil, a reputed independent, as prime minister to form a new government, state television announced.
Egypt outgoing irrigation minister named as new PM
Jul 24, 2012 08:07 EDT
Egyptian President Mohamed Morsi named outgoing irrigation minister Hisham Qandil on Tuesday as the country's new prime minister and tasked him with forming a cabinet, state television announced.
African bank give Malawi $40 mn in budget support
Jul 20, 2012 14:18 EDT
The African Development Bank on Friday gave impoverished Malawi $40 million in budget help, just days after two of the country's biggest donors, the World Bank and Britain unveiled new aid packages.
Nigeria lifts suspension on head of bourse regulator
Jul 18, 2012 15:43 EDT
Nigeria on Wednesday lifted a suspension it had slapped on the chief of its stock exchange regulator after she had clashed publicly with politicians over corruption claims.
Facts from the Wikipedia page:
| African Development Bank | |
|---|---|
 AfDB logo | |
| Formation | August 4 1963 |
| Type | International organization |
| Legal status | Treaty |
| Purpose/focus | Regional development |
| Membership | 78 countries |
| President | Donald Kaberuka |
| Main organ | Board of Executive Directors |
| Website | http://www.afdb.org/ |
