IDEV beats 2020 evaluation targets under trying circumstances

The Independent Development Evaluation (IDEV) function delivered a record 20 evaluation products in 2020, exceeding its targets and contributing to learning and accountability on achievement of the Bank’s High-5 strategic priorities, according to its 2020 Annual Report released on 25 May 2021. Over the last year, IDEV produced its first Management Action Record System report, tracking the implementation of evaluation recommendations. It also produced two impact evaluations, two country strategy and program evaluations, and 4 corporate evaluations, demonstrating resilience and responsiveness by […]

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African Development Bank invites business enablers to apply for funding to support women entrepreneurs

This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers. Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced. Entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering […]

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The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal’s national electrification and LNG-use ambitions

The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019 MCB (www.MCB.mu) is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership. MCB was not only a co-mandated lead arranger but provided the highest loan commitment. The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of […]

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Information is power: data is key to closing gender gaps in energy access in Kenya

Gender-specific data, especially detailed information on how women and men use financial resources, is needed to improve interventions geared to closing the gender gap in energy access, the African Development Bank said during a recent webinar on strengthening gender mainstreaming in Kenya’s energy sector. The Bank has been engaging policy makers in Rwanda, Kenya, Uganda and Tanzania through the release of a series of gender and energy country briefs. The briefs provide recommendations to government policymakers and other stakeholders to […]

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WHO, African Development Bank and Africa CDC call for coordinated vaccination rollout and investments in local manufacture …

…of drugs and diagnostics as a defense system for Africa Aswan Forum: Put healthcare, including vaccines, at the center of rebuilding Africa back better and more resilient – WHO, African Development Bank, Africa CDC Africa must protect itself against future pandemics and other shocks through higher investment in primary healthcare and increased local manufacturing of key medical products, panelists at the Aswan Forum for Sustainable Peace and Development urged on Monday. Egypt hosted the virtual, second edition of the meeting, […]

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Water project improves quality of life, halts school abstention rate in Rwanda

Kirsten Oliver copyright

Beatrice Icyimanaizanye considers it a miracle that she no longer has to walk more than 6 km in search of water. She can now fetch it almost at her doorstep. She is overjoyed as she narrates how a project funded by the African Development Bank has enabled her community in Tumba village in Rwanda’s Rulindo district to access safe and clean water. “Before the water supply system was completed in this village, life was very difficult, especially for mothers like […]

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Virtual launch of the African Economic Outlook 2021

Who: The African Development Bank, with President Akinwumi A. Adesina and Prof. Joseph StiglitzWhen: Friday, 12 March 2021, 14.00 – 16.30 GMTWhere: Virtual The African Development Bank will launch its 2021 African Economic Outlook on Friday, 12 March 2021. The theme of this year’s report is From Debt Resolution to Growth: The Road Ahead for Africa, which examines Africa’s growth performance and outlook and presents the socio-economic impact of the COVID-19 pandemic. Africa is projected to recover in 2021 from […]

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