Tag: African Development Bank

The Compliance Review and Mediation Unit (BCRM), the Secretariat of the Bank’s Independent Review Mechanism (IRM), organized an information webinar for civil society organizations (CSOs) on “Handling Complaints from People Affected by Projects Financed by the African Development Bank Group (AfDB)” on Wednesday, 10 June 2020.  The session brought together 61 participants from civil society organizations representing 8 countries in… Read More

The African Development Bank has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the curve. The COVID-19 pandemic is forecast to cause Africa’s GDP to… Read More

Eyes glued to screens and flashing lights in the control room, Mohamed Said Amer, a 32-year-old operations field engineer at the Egyptian Refining Company (ERC), a greenfield petroleum refinery, reflects on the path that led him to achieve his professional and personal goals. “I have witnessed this impressive industrial project being built from the ground up. I have seen ERC… Read More

The Board of Directors of the African Development Bank on 9 June 2020 approved $20 million in grant funding from the African Development Fund, to build capacity to curb and stop the spread of the COVID-19 pandemic in Mauritania, Mali, Burkina Faso, Niger, and Chad. The operation will provide funding for the project which will also boost resilience of vulnerable… Read More

In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank, paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country. A $122.55 million grant agreement signed in March, between Bank Vice… Read More

The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan. This grant from the African Development Fund, the Group’s concessional-rate lending arm, covers 35% of the total cost of the study, estimated at $3.4 million. The remaining funding will… Read More

With 2.6 million internally displaced persons in Somalia, the outbreak of COVID-19 poses an additional challenge in an already fragile situation, leaving the population highly vulnerable. Thankfully, the African Development Bank-financed water supply and sanitation project came in handy as a critical control intervention, although COVID-19 was not anticipated in 2016 when the project was launched. Through its implementing agency,… Read More

Webinar What: Webinar on Natural Capital and Development Finance Who: The Africa Forum, the Economics for Nature programme When: 10 June 2020 14:00 WAT / 16:00 EAT Where: Virtual The African Forum on Green Economy will host a webinar on Natural Capital and Development Finance on Wednesday, 10 June 2020 at 14:00 WAT / 16:00 EAT. The session will bring… Read More