Approvals

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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


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


16/12/2014 - The Sustainable Energy Fund for Africa (SEFA) approved a US $842,000 grant to dVentus Technologies – a technology-based and knowledge-driven company focused on the development of innovative and energy efficiency products for the energy sector

Categories: Ethiopia, Sustainable Energy Fund for Africa, Energy & Power, Environment, Climate Change


16/12/2014 - The Board of Directors of the African Development Bank Group, during its ordinary sitting on Monday, December 15, 2014 in Abidjan, approved a proposed ADF loan of US $39 million to the Republic of Zambia, and a grant of US $12 million from the Bank’s Transition Support Facility (TSF) and a grant of US $24 million from the African Development Fund Regional Operations (RO) envelope to the Republic of Zimbabwe for the Kariba Dam Rehabilitation Project.

Categories: Zimbabwe, Zambia, Infrastructure, Energy & Power


16/12/2014 - Attijariwafa Bank (AWB), le plus important groupe bancaire du Maroc, bénéficiera d’un prêt de 73 millions d’euros, pour un projet destiné à étendre ses activités, tant au Maroc qu’en Afrique subsaharienne, après que les administrateurs du Groupe de la Banque africaine de développement (BAD), en ont approuvé l’octroi, lundi 15 Décembre 2014, à Abidjan. Ce prêt sera octroyé via le Fonds africain de développement (FAD).

Categories: Morocco, Regional Integration, Private Sector, Economic & Financial Governance


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