05/12/2013 - On Wednesday, December 4, the Board of the African Development Bank Group approved the Strategic Framework and Operational Guidelines for the African Development Fund Partial Credit Guarantee Instrument. The guidelines seek to address the challenges faced by a well-performing country that can only access the concessional African Development Fund (ADF) resources in its quest to mobilize both domestic and external commercial financing for developmental purposes.
04/12/2013 - The Board of the African Development Bank Group on Wednesday, December 4 approved the combined Country Strategy Paper (CSP) and 2013 Portfolio Review for Côte d’Ivoire. The CSP derived inputs from the portfolio review, while taking into account the central objective of the Bank’s 2013-2022 Ten Year Strategy, particularly the Fragile States component, the expected outcomes of the 2012-2015 National Development Plan (NDP), the analysis of challenges and opportunities for Côte d’Ivoire as well as the Bank’s experience in the country.
04/12/2013 - The Boards of the African Development Bank (AfDB) on Wednesday, December 4 approved a cumulative US $4.89 billion (UA 3.188 billion) for the 2014 Borrowing Program of the AfDB Group, which includes US $199.58 million (UA 130 million) for possible draw down under the loan component of the Enhanced Private Sector Assistance (EPSA) Initiative for Africa.
04/12/2013 - The Board of Directors of the African Development Bank Group on Tuesday, December 3, approved a US $20 million African Development Fund loan for the Inclusive Private Sector Development and Competitiveness Programme (IPSDCP).
07/11/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 30, 2013 an additional US $10 million equity investment in Atlantic Coast Regional Fund (ACRF), a 10-year US $72 million generalist private equity fund whose area of focus includes fragile states and low-income countries in Western and Central Africa.
07/11/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 30 a US $20 million equity investment in ARM-Harith Infrastructure Fund (ARMHIF). ARMHIF is a new infrastructure private equity fund based in Nigeria with a targeted fund size of US $250 million.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.
10/10/2013 - The Board of Directors of the African Development Bank Group on Wednesday, October 9, 2013 approved a €15-million general budget support loan for Cape Verde, to help the country finance its Public Corporate Governance and Investment Promotion Support Programme (PAGEPPI).
04/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2 a senior loan of up to US $150 million to finance a 300MW coal-fired power plant as well as the revamping of the Maamba coal mine in Maamba, Zambia. The project aims to tackle a severe environmental concern at the mine caused by the unregulated and spontaneous self-combustion of tons of currently unused low-grade coal while producing much-needed electricity for the country and the region.
02/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2, a financial package consisting of US $20 million in additional equity and a US $50-million line of credit (LOC) to finance projects in the Eastern and Southern African Trade and Development Bank (PTA Bank) member states.