Loans & Grants
04/12/2013 - On Tuesday, December 3, the African Development Bank Group’s Board of Directors approved US $55.27 million for the Food Security Consolidation through Development of Irrigation Farming Project (PRESA/DCI) in Mali. The project aims at enhancing sustainable increase in agricultural output and productivity through efficient management of irrigation infrastructure and development of value chains for growth-oriented crop sectors.
04/12/2013 - The Board of Directors of the African Development Bank Group on Tuesday, December 3, approved a US $20 million African Development Fund loan for the Inclusive Private Sector Development and Competitiveness Programme (IPSDCP).
03/12/2013 - A loan agreement for the Artisanal Fisheries Support Project was signed on Monday, December 2 by Septime Martin, the African Development Bank’s Resident Representative in Angola, on behalf of the Bank and Job Graça, the Minister of Planning and Territorial Development, representing the Government of Angola.
02/12/2013 - La Banque africaine de développement (BAD) et la Fédération Nationale des Coopératives de Vivriers de Côte d’Ivoire (FENACOVICI) ont procédé le 29 Novembre 2013, à Abidjan, à la signature du premier accord de don du Fonds pour l’Accélération du Développement agricole, en faveur d’une entreprise ivoirienne.
28/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) met in Tunis on Wednesday, November 27, 2013 in Tunis, and approved US $161.92 million to finance the reinforcement of socio-economic infrastructure in the Central Region of the Democratic Republic of Congo.
Categories: Democratic Republic of Congo, Water Supply & Sanitation, Human Capital Development, Health, Infrastructure, Rural Water Supply & Sanitation Initiative, Education, Poverty Reduction, ADF, Fragile States Facility
27/11/2013 - The African Development Bank Group’s (AfDB) efforts to improve sustainable energy supply and access in Africa took a leap forward with the Board of Directors’ approval of the Regional Rusumo Falls Hydropower Project.
21/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) on 20 November 2013 in Tunis approved a loan of UA 22.22 million or US $33.6 million from African Development Fund (ADF) concessionary resources to finance the Support to Science and Technology Education Project (SSTEP) in Zambia.
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.
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.