Approvals
24/05/2012 - Millions of people living in the Baro-Akobo-Sobat (BAS) area of the Nile Basin are to benefit from a range of multi-purpose water resources projects to be planned by the Nile Basin Initiative. On May 4, the African Development Bank approved a €2 million grant from the African Water Facility to finance the development study needed to attract the investments required to implement them. The overall project is supported jointly by the New Partnership for Africa’s Development- Infrastructure Project Preparation Facility (NEPAD-IPPF).
Categories: Ethiopia, Water Supply & Sanitation, African Water Facility
22/05/2012 - The Board of Directors of the African Development Bank Group (AfDB) approved on 16 May in Tunis, an equity investment of USD 100 million to Agvance Africa, the first agribusiness-focused Fund of Funds on the African continent. The strategic objective of Agvance Africa is to increase private investment flows into the agribusiness sector on the continent to address growing food security concerns and unleash the largely unexploited potential of African agriculture and agribusiness sectors.
Categories: Private Sector Development, Agriculture & Agro-industries, Fund for African Private Sector Assistance, Board of Directors
17/05/2012 - The African Development Bank’s Board of Executive Directors approved a total of USD 13.95 million (UA 9.00 million ) through a grant mechanism on 16 May 2012. The grant will enable the African Community of Practice for Managing for Development Results (AfCoP) to mainstream Managing for Development Results (MfDR) into the policies and strategies of RMCs and RECs.
Categories: Information & Communication Technology
16/05/2012 - The Boards of Directors of the African Development Bank Group today in Tunis approved the equivalent of USD 436 million for the financing of Morocco’s power project, and two other investments in Africa. The first approval is an AfDB loan of Euro 168 million and USD 100 million Clean Technology Fund concessionary loan to finance the first phase of the Ouarzazate solar power station in Morocco.
Categories: Morocco, Energy & Power, Board of Directors
05/04/2012 - The African Development Bank Group has approved USD 250.95 million (UA 162 million) for road construction projects in Tanzania and Sierra Leone.
Categories: Tanzania, Sierra Leone, Infrastructure, Transport
19/03/2012 - On 12 March 2012, the African Development Bank (AfDB) Group and the International Institute of Tropical Agriculture (IITA) signed a grant agreement for USD 63million to fund a multinational project titled “Support to Agricultural Research for Development of Strategic Crops in Africa (SARD-SC), and the IITA.
Categories: Agriculture & Agro-industries
13/03/2012 - The Board of Directors of the African Development Bank (AfDB) approved on February 15, 2012 a USD 200 million line of credit (LOC) in favour of the Africa Finance Corporation (AFC), a multinational financial institution based in Lagos, Nigeria, with the mandate to catalyse investments and create partnerships to help bridge Africa’s infrastructure gap.
Categories: Nigeria, Infrastructure, Private Sector Development
07/03/2012 - The African Development Bank‘s (AfDB) Board of Directors has approved a €58 million loan (equivalent to FCFA 38 billion) towards the financing of the construction, operation and maintenance of the 1.9 km-long Henri Konan Bédié Toll Bridge to be built over the Ébrié lagoon in Abidjan, in what will be the Bank’s first private sector operation in the country in more than a decade. Today’s Board approval marks AfDB’s strong commitment to lead and actively contribute to Côte d’Ivoire’s reconstruction efforts following the decade-long political conflict that adversely affected the country’s essential infrastructure.
Categories: Côte d’Ivoire, Infrastructure, Private Sector Development
02/03/2012 - The Board of the African Development Bank (AfDB) approved an equity investment of USD 50 million into the Carlyle Sub Saharan Africa Fund on 22February. This fund is the first investment vehicle that the US-based private equity firm The Carlyle Group has raised to pursue its geographical expansion into sub-Saharan Africa.
Categories: Zambia, Namibia, Mozambique, Mauritius, Angola, Botswana, Ghana, Côte d’Ivoire, Private Sector Development
02/03/2012 - The African Development Bank (AfDB) Board of Directors has approved a grant of approximately €25 million (CFA 16.4 billion) to Côte d’Ivoire to finance an agricultural infrastructure support project in the Indénié-Djuablin region.
Categories: Côte d’Ivoire, Agriculture & Agro-industries, Rural Water Supply & Sanitation Initiative, Water Supply & Sanitation
