News & Events
18/11/2013 - An innovative project aimed at reducing rural poverty and household food insecurity will be launched on November 19 in Monrovia. The Smallholder Agricultural Productivity Enhancement and Commercialization (SAPEC) project is jointly financed by the Global Agriculture and Food Security Program (GAFSP) and the African Development Bank Group (AfDB). SAPEC project is managed and administered by the AfDB.
13/11/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, November 13, a US $65-million equity investment package in the Africa Renewable Energy Fund (AREF) comprised of US $25 million from its statutory resources, US $35 million from the Sustainable Energy Fund for Africa (SEFA) and US $4.5 million from the Global Environment Facility (GEF). AREF is a private equity fund that will invest in small- to medium-sized renewable energy projects in Sub-Saharan Africa (SSA), excluding South Africa, with a targeted fund size of US $150 million to $200 million.
11/11/2013 - The African Development Bank Group (AfDB) and Namibia on Friday, November 8, 2013 signed a ZAR 2.9 billion (US $338 million) sovereign guaranteed loan to the Nambian Ports Authority (Namport) to finance the construction of the new container terminal at Port of Walvis Bay and a UA 1.0 million grant (US $1.5 million) to the Government of Namibia for logistics and capacity building complementing the port project loan. The project was approved by the AfDB Group in July 2013.
08/11/2013 - African Development Bank Group President Donald Kaberuka has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of infrastructure projects on the continent.
07/11/2013 - Barely six years after Nigeria and Cameroon signed a Memorandum of Understanding that was to put their socio-political differences behind them, the Enugu-Bamenda Road Project linking the two countries is already showing signs of a positive impact in the region. In fact, the African Development Bank-financed project is a genuine success story, paving the way for regional integration and greater social cohesion.
07/11/2013 - The Board of the African Development Bank Group (AfDB) approved on Wednesday, November 6 in Tunis the Côte d’Ivoire, Liberia, Sierra Leone and Guinea (CLSG) electricity networks interconnection project. The total financing by the African Development Bank Group (African Development Fund, Fragile States Facility and Nigeria Trust Fund) amounts to EUR 145 million, representing roughly 40 per cent of the total project cost. The project will secure power supply for the four Mano River Union member countries, and will be implemented between 2014 and 2017.
07/11/2013 - The Agriculture Fast Track Fund, a new multi-donor trust fund, managed by the African Development Bank (AfDB), designed to boost investment in Africa’s agricultural sector, is now accepting applications for new grants.
07/11/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 30 a US $20 million equity investment in ARM-Harith Infrastructure Fund (ARMHIF). ARMHIF is a new infrastructure private equity fund based in Nigeria with a targeted fund size of US $250 million.
06/11/2013 - At a press conference on November 5, 2013 in Bamako, Mali, during his tour to the Sahel, the President of the African Development Bank (AfDB), Donald Kaberuka, said the joint mission of donors was an important step toward effective coordination to help the region face a complex and multidimensional crisis.
03/11/2013 - The African Development Bank (AfDB) has been engaged in Mali for nearly 40 years with an active portfolio amounting to 100 billion CFA francs.