01/07/2015 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, July 1, 2015 approved a US $22.5-million loan to the Republic of Congo to help finance the country’s Investment Climate and Forest Governance Support Project (PACIGOF).
03/04/2015 - The African Development Bank Group (AfDB) has allocated a loan and a grant amounting to US$ 25.995 million dollars to finance a water project in Mahe in the Seychelles.
05/03/2015 - The African Development Bank Board approved an additional financing of US $8.37 million (on March 4, 2015 from the Global Environment Facility’s (GEF) Least Developed Countries Fund (LDCF) for the Water Supply and Sanitation Programme (WSSP), already financed by the Bank. The GEF financing will increase the resilience of the natural environment and the physical infrastructure of vulnerable drought and flood prone districts in Eastern Uganda.
16/02/2015 - The Technical Review Committee of the Africa Trade Fund (AfTra) at its meeting on February 13, 2015 in Abidjan, approved funding worth more than US $1.4 million for four projects that will support trade development in Africa. AfTra, a trade-related technical assistance facility hosted by the African Development Bank, was established in 2013 to provide funding for trade facilitation, building capacity for trade institutions, and developing products and markets in Africa.
Categories: Agriculture & Agro-industries
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.
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.
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).
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.
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).
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.