Approvals
05/04/2013 - As of the 31st of March 2013, the Global Environment Facility’s Least Developed Countries Fund (LDCF) has granted USD 18.6 million to be channeled by the African Development Bank (AfDB) to Sierra Leone, Uganda and Mauritania for project concepts to help climate-proof their water sectors. This work is regarded as a critical element of these countries’ moves toward climate-resilient poverty reduction and sustainable development.
Categories: Mauritania, Sierra Leone, Uganda, Water Supply & Sanitation, Infrastructure
05/04/2013 - The African Development Bank’s (AfDB) Board of Executive Directors on April 3, 2013 approved the Somalia Country Brief 2013-2015 which aims to help revive the country’s institutions, and enable the country’s re-engage with the international community after two decades of conflict and isolation.
Categories: Somalia, Water Supply & Sanitation, Infrastructure
05/04/2013 - The African Development Bank’s (AfDB) Board of Executive Directors on April 3, 2013 approved an African Development Fund (ADF) grant of USD $ 25.7 million and an ADF loan of USD 12.6 million for a Skills, Employability and Entrepreneurship Program (SEEP) in Rwanda.
Categories: Rwanda, Economic & Financial Governance, Human and Social Development, Youth
26/03/2013 - The African Development Bank (AfDB) Group approved, on March 25, 2013, a grant amounting to US $3.04 million to finance the Kholombidzo Hydroelectric Power Plant (HPP) Feasibility Studies in Malawi. The Government of Malawi will contribute US $0.23 million (7%) of the total study cost of US $3.27 million.
Categories: Malawi, Energy & Power, Infrastructure
14/03/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, March 13, a loan in the amount of US $144.89 million in support of the Uganda road sector.
Categories: Uganda, Infrastructure, Transport, Youth, Human and Social Development
14/03/2013 - The African Development Bank (AfDB) Group approved, on March 13, 2013, grants and loans amounting to US $73 million to finance irrigation and road rehabilitation projects in Malawi.
Categories: Malawi, Infrastructure, Transport, Water Supply & Sanitation
28/02/2013 - The Board of Directors of the African Development Bank Group approved Wednesday in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.
Categories: Côte d’Ivoire, Nigeria, Economic & Financial Governance, Transport
26/02/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 a Trade Finance package of US $200 million comprising an unfunded risk-sharing facility and a trade facilitation loan, to support Ecobank Transnational Incorporated’s (ETI) trade finance activities in Africa. The AfDB’s support will enable Ecobank to enhance its trade finance confirmation capabilities, avail medium-term liquidity support to ETI’s subsidiaries to provide appropriate trade finance to African small and medium enterprises (SMEs) and local corporates, and demonstrate appetite for Africa risk.
Categories: Private Sector Development, Economic & Financial Governance
26/02/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 an unfunded US $200-million Risk Participation Agreement (RPA) with Standard Chartered Bank (SCB). The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. Moreover, it will foster financial sector development, regional integration, and contribute to government revenue generation.
Categories: Private Sector Development, Economic & Financial Governance
25/02/2013 - The Board of Directors of the African Development Bank Group has approved debt relief for the Union of the Comoros following the country’s attainment of the completion point under the enhanced Highly Indebted Poor Countries Initiative (HIPC). The Board also approved the Comoros’ eligibility to benefit from the Multilateral Debt Relief Initiative (MDRI) to the tune of US $76.9 million.
Categories: Comoros
