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19/12/2014 - The Lake Turkana Wind Power Project (LTWP) reaches financial close following an eight-year journey.

Earlier this month, the EUR 623-million project marked a significant milestone with financial close, making it the largest private investment in Kenya’s history. This project has won several awards and has been recently nominated as the ‘African Renewable Deal of the Year 2014’ by Thomson Reuters Project Finance International.

Categories: Kenya, Energy & Power, Climate Change


19/12/2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a US $22.49-million loan to Zambia for the development of Lake Tanganyika.

This project has been formulated as part of the long-term vision for Zambia ("Vision 2030") by which it intends to become "a prosperous middle-income country by 2030". Its aim, thus, is help implement the amended Sixth National Development Plan, which covers 2013-2016 and aims to facilitate and accelerate "economic growth and development in the service of the people". Accordingly, it aims to stimulate job creation and rural development, in this way boosting inclusive growth.

Categories: Zambia, Infrastructure, Water Supply & Sanitation, Energy & Power, Employment, Economic & Financial Governance


19/12/2014 - The African Development Bank’s (AfDB) extremely rapid intervention in Mali after a first case of Ebola was detected has halted the spread of the epidemic in the country.

“The AfDB support, both in the preparation and the response phases, was exceptional in its speed and the level of resources mobilized,” said Ibrahima Fall Socé, head of the UN Mission for emergency action against Ebola in Mali.

Categories: Mali, Ebola, Health, Employment, Youth, Human Capital Development


18/12/2014 - On December 17, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a series of loans to Lake Chad Basin countries to be disbursed through its African Development Fund (AFD). The funds granted are US $18.30 million for Cameroon, US $29.94 million for Nigeria, US $19.52 million for Niger, US $3.21 million for the Central African Republic and US $7.83 million for Chad.

Categories: Nigeria, Niger, Cameroon, Chad, Central African Republic, Environment


18/12/2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a donation of US $10,249,000 to the Republic of Burundi, from the resources of the Transition Support Facility (TSF).

This funding is to support the Economic and Governance Reform Support Programme phase I (PARGE I), the first phase of a series of two operations comprising programmatic budget support for the 2014 and 2015 fiscal years. It also anticipates a list of measures that will trigger phase two (PARGE-II).

Categories: Burundi


18/12/2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a US $250-million loan to South African state-owned logistics company Transnet.

This loan, over 20 years, will enable Transnet to increase it goods capacity in order to meet the South African Government's strategy to transition goods transport from road to rail and ensure the viability of freight corridors. This assistance from the Bank will be particularly used to acquire locomotives in order to achieve a freight capacity of 176 million tonnes per year, against 80 million today.

Categories: South Africa, Transport, Infrastructure


18/12/2014 - – On December 17, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a donation of approximately US $108 million from the resources of the African Development Fund (AFD) to the Democratic Republic of Congo (DRC).

Categories: Democratic Republic of Congo, Transport, Infrastructure


18/12/2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved various loans to Côte d’Ivoire, Guinea and Liberia taken from the resources of the Transition Support Facility (TSF) and the African Development Fund (ADF). These loans are intended to finance a programme for road development and the facilitation of transport within the Mano River Union.

Categories: Côte d’Ivoire, Guinea, Liberia, NEPAD, Transport, Infrastructure


17/12/2014 - Le Conseil d'administration du Groupe de la Banque africaine de développement (BAD) a approuvé, ce 17 décembre 2014, un prêt de quelque 6,4 milliards de FCFA et un don de 5 milliards de FCFA environ, prélevés sur les ressources du Fonds africain de développement (FAD). Cette aide financière en faveur de la République du Mali est destinée à financer le Programme d’appui d'urgence à la gouvernance et à la reprise économique (PAUGRE).

Categories: Mali, Economic & Financial Governance


17/12/2014 - Opened on December 16, 2014 in Abidjan, the Henri Konan Bédié (HKB) Bridge is an enabler for urban mobility in the Ivorian economic capital. During the opening ceremony, Donald Kaberuka, President of the African Development Bank (AfDB) Group, made a speech on behalf of all the funders involved in the project, in the presence of the Ivorian Head of State, President Alassane Dramane Ouattara, and his predecessor, Henri Konan Bédié, after whom the new bridge has been named.

Categories: Infrastructure, Transport


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