Approvals
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
30/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a senior loan of US $100 million to Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to build and operate a gas to urea fertilizer plant located in Port Harcourt, Nigeria, that will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America.
Categories: Nigeria, Private Sector Development, Agriculture & Agro-industries
16/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today an equity investment of US $24 million in the East African Development Bank (EADB) to strengthen its balance sheet and contribute to improve its international credit rating.
Categories: Economic & Financial Governance, Private Sector Development
16/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a line of credit of 13 million euros to support small and medium enterprises and industries (SME/SMI) in Niger.
Categories: Niger, Private Sector Development, Economic & Financial Governance
12/12/2012 - The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa.
Categories: South Africa, Private Sector Development
18/09/2012 - The Board of Directors of the African Development Bank (AfDB) has approved on 6 September 2012 a USD 7 million equity investment in the Pan African Housing Fund (PAHF), a private equity fund targeting the lower-middle and middle-middle class residential housing market in Africa. This contribution will allow PAHF to help grow the capacity of local developers to deliver housing development projects that address the severe shortage of housing and corresponding infrastructure required to keep pace with Africa’s fast-paced urbanization.
Categories: Private Sector Development, Infrastructure
14/09/2012 - Le Groupe de la Banque africaine de développement (BAD) a octroyé, le 10 septembre 2012 à Tunis, au Sénégal, un prêt de 4,4 millions d’unités de comptes, soit environ 4,5 milliards de Francs CFA, en financement du Projet d’appui à la promotion du secteur privé dans le pays (PAPSP). Ce montant qui sera prélevé sur les ressources du guichet du Fonds africain de développement, et contribuera au développement du secteur privé sénégalais, et en particulier à l’épanouissement des PME-PMI.
Categories: Senegal, Private Sector Development
27/08/2012 - The Sustainable Energy Fund for Africa (SEFA), a joint initiative of the Danish government and the Energy, Environment and Climate Change Department (ONEC) of the African Development Bank (AfDB), approved on August 17 its first grant of USD 825,000 to finance the concept phase of the Green Tech Financial Facility – a vehicle for investments in private-sector driven green technology projects – including market scoping and positioning studies, fund conceptualization and fund manager selection.
Categories: Energy & Power, Private Sector Development, Sustainable Energy Fund for Africa, Climate Change, Environment
24/07/2012 - The African Development Bank Group has made project approvals of approximately USD 3.45 billion, or Units of Account (UA) 2.27 billion, during the year 2012 so far.
Categories: Private Sector Development, Climate Change, Climate Investment Funds (CIF), Infrastructure, Environment
