Approvals
Displaying 1 - 20 of 1095
Cameroon: African Development Bank grants a loan of EUR 74 million for electricity sector reforms to facilitate universal access to power
15-Dec-2023 - The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC).
The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export...
African Development Bank approves a US$ 175 million facility for United Bank for Africa (UBA) to support private sector and infrastructure development.
15-Dec-2023 - The Board of Directors of the African Development Bank Group today approved a $175 million financial package for United Bank for Africa (UBA), comprising $100 million in long-term senior debt, $50 million of trade finance medium-term senior debt and a $25 million risk participation program.
Somalia: African Development Bank Group approves $13.3 million grant to help improve domestic revenue mobilisation and public expenditure management
04-Oct-2023 - The Board of Directors of the African Development Bank Group on 2 October 2023 approved a grant of $13.29 million to Somalia to help improve domestic revenue mobilization and public expenditure management under the Institutional Support for Economic Governance Project.
The African Development Bank and the Government of Morocco sign MoU to hold 2023 Africa Investment Forum Market Days in Marrakech
08-Sep-2023 - The 2023 edition of the Africa Investment Forum (AIF) Market Days has officially been launched in Morocco. The continent’s main investment market, the event, which aims to unleash Africa's value chains will be held from 8-10 November in Marrakech.
The Secretary General of the African Development Bank Group, Vincent Nmehielle, and Morocco's Minister of Economy and Finance, Nadia Fettah Alaoui, in the presence of the Senior Director of the Africa Investment Forum (AIF), Chinelo Anohu, today signed the memorandum..., 08-Sep-2023 -
Photos
Central African Republic: the African Development Bank Group donates €12.62 million to support workplace reintegration for communities affected by the political and military crisis
07-Sep-2023 - Funding
Approval date: 6 September 2023.
Project name: Support Programme for Reconstruction of Grassroots Communities, phase 2 (PARCB-2).
Amount: donation of €12.62 million from the Transition Support Facility.
Joint funding in parallel with the United Nations Development Programme (UNDP): US$5 million.
Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, digitization and market access
10-Aug-2023 - The African Development Bank Group signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country.
The Bank’s Country Manager in Guinea, Léandre Bassolé and the Guinean Minister of the Economy and Finance, Moussa Cissé, signed the agreement in Conakry on 3 August 2023. The Minister of Planning and International Cooperation, Rose Pola Pricemou and the Minister of Agriculture and Livestock Farming...
African Development Fund approves $16 million for Youth Entrepreneurship Investment Bank in Liberia
20-Jul-2023 - In an exciting move to unleash the business potential of young Liberians, the Board of Directors of the African Development Fund (ADF) has given the green light for the creation of a Youth Entrepreneurship Investment Bank (YEIB) in the West African country.
Approximately $16 million has been allocated to finance this strategic initiative, which targets youth-led micro, small, and medium enterprises in Liberia’s burgeoning agribusiness and allied sectors.
Kenya: African Development Bank Group Board okays funds to support women and youth in agribusiness
26-Jun-2023 - The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya.
The funding, approved on June 6, 2023, was provided by the European Union (EU) under its partnership with the African Development Bank Group.
Eritrea: The African Development Bank Board approves US$49.92 million to Build a 30 MW Solar Photovoltaic Power Plant in Dekemhare
06-Apr-2023 - Financing
Approval date 1 March 2023
Project name: Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea.
Amount: US$ 49.92 million grant comprising US$ 19.5 million from the African Development Fund (ADF-15) and US$ 30.42 million from the Transition Support Facility (TSF).
Objectives
African Development Bank approves $147 million in subordinated debt to the Mauritius Commercial Bank to bolster capital base and drive loan portfolio growth
29-Mar-2023 - The Board of the African Development Bank Group has approved $147 million in subordinated debt to the Mauritius Commercial Bank Ltd (MCB) to enhance its capital base and mobilize loan growth in the renewables, manufacturing healthcare and other sectors, including SMEs.
The debt will take the form of a Basel III Tier 2 compliant bond to be issued by MCB, a leading African financial institution and one of five banks classified as a Domestic Systematically Important Bank (DSIB) by Mauritius’ central bank.
Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant
22-Dec-2022 - The Board of Directors of the African Development Bank Group has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia.
The Board approval covers $10 million and another €10 million from the Bank, and $17 million concessional financing from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank. Additional financing will come from the International Finance Corporation (IFC) of the World...
African Development Bank approves $40 million Trade Finance Package to Bank One Limited Mauritius
22-Dec-2022 - The Board of Directors of the African Development Bank Group has approved a $40 million Trade Finance Package in favor of Bank One Limited of Mauritius. The financial package comprises a $25 million Risk Participation Agreement and a $15 million Transaction Guarantee.
Sahel et Afrique de l’Ouest : plus de 176 millions de dollars du Fonds africain de développement pour améliorer les conditions de vie et la sécurité alimentaire et nutritionnelle des populations
19-Dec-2022 - Le Conseil d’administration du Fonds africain de développement a donné son feu vert, jeudi 15 décembre 2022, à Abidjan, à l’octroi d’un financement de 176 millions de dollars américains pour mettre en œuvre le deuxième projet du Programme de renforcement de la résilience à l’insécurité alimentaire et nutritionnelle au Sahel (P2-P2RS).
African Development Fund grants over $75 million to Rwanda and Burundi for cross-border road construction and studies
02-Dec-2022 - The African Development Fund’s financing will open up trade and road traffic in Rwanda and Burundi and shorten transport times to the ports of Dar es Salaam and Mombasa.
, 02-Dec-2022 - The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved $75.35 million in grant funding to Rwanda and Burundi to build cross-border corridors, boosting linkages between these two neighbouring countries in Africa’s Great Lakes Region.
Funding for the first phase of the East African Community Cross-Border Roads Improvement Project comprises $71.94 million for Rwanda and $ 3.40 million for Burundi.
African Development Fund invests over $6 million to develop the pharmaceutical sector in Southern and Eastern Africa
11-Nov-2022 - The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, on 2 November 2022 in Abidjan, approved a $6.63 million grant to the Common Market for Eastern and Southern Africa (COMESA) to develop the pharmaceutical sector in the sub-region.
African Development Bank Group Approves $50 Million Trade Finance Risk Participation Partnership with Natixis
14-Oct-2022 - The Board of Directors of the African Development Bank Group has approved a $50 million Risk Participation Agreement (RPA) for Natixis, a French Bank. The agreement will enable Natixis to support African banks and their small and medium-sized enterprise (SME) clients to undertake more regional and international trade.
The agreement is expected to help achievement of a cumulative trade volume of $430 million over the next three years
African Development Bank approves $75 million Risk Participation Agreement facility for FirstRand Bank Limited to enhance trade financing on the African continent
13-Oct-2022 - The Board of Directors of the African Development Bank Group on Wednesday, 12 October approved an unfunded $75 million trade finance Risk Participation Agreement facility for FirstRand Bank Limited (FRB). The approved facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition states and low-income countries across Africa.
African Development Bank grants $1.4 million to Export Trading Group to strengthen entrepreneurship skills of women-owned & led businesses in Mozambique, Tanzania and Zambia
18-Jul-2022 - The Board of Directors of the African Development Bank Group has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa.
Malawi: African Development Bank extends grants of $9.25 million for rollout of Climate Disaster Risk Financing
08-Jun-2022 - The Board of Directors of the African Development Bank has approved two grants of $9.25 million to implement the Africa Disaster Risk Financing Programme (ADRiFi) in Malawi. The move will boost the country’s resilience against climate-related shocks and food insecurity.
The funding will support the government of Malawi to develop climate risk management solutions and pay its sovereign risk premium for the transfer of drought risks under the Africa Disaster Risk Financing Programme.
African Development Bank Board approves $1.5 billion facility to avert food crisis
20-May-2022 - Learn more about the African Emergency Food Production Facility.
The African Development Bank Group's Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis.