23/05/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG.
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.
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.
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.
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.
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.
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.
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.
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.
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.