Loans & Grants

26/11/2009 - The African Development Bank (AfDB) has approved €1.86 billion (UA 1.70 billion) loan for South Africa’s energy utility company, Eskom Holdings Limited, to finance a power project that will significantly boost the energy capacity of South Africa and the southern African region.

Categories: South Africa, Energy & Power, Financial Crisis, President's Corner

24/09/2009 - As joint Coordinating Banks (the "Coordinating Banks"), Ghana International Bank, Natixis, Société Générale Corporate & Investment Banking and Standard Chartered Bank are pleased to announce that the Ghana Cocoa Board ("COCOBOD") USD 1.2 Billion Receivables-Backed Pre-Export Finance Term Loan was signed in Paris on 25th September, 2009.

Categories: Ghana, France, Financial Crisis, Agriculture & Agro-industries

22/07/2009 - The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday in Tunis, a senior loan of US$ 50 million to Zenith Bank Plc of Nigeria. This loan is aimed at revamping Zenith’s liquidity to cushion the effects of the financial crisis and lessen potential funding disruptions to vital ongoing projects in the infrastructure and industrial sectors.

Categories: Nigeria, Financial Crisis, Economic & Financial Governance

02/06/2009 - The African Development Bank (AfDB) approved a loan of 1.5 billion US$ for Botswana, one of the best managed economies in Africa. The loan falls within the framework of the recently approved strategy by the Bank to provide support to member countries affected by the financial crisis and is the largest such facility ever granted by the Bank.

Categories: Botswana, Private Sector Development, Poverty Reduction, Financial Crisis

07/05/2009 - The African Development Bank (AfDB) Group Board of Directors approved in Tunis on Wednesday, an African Development Fund (ADF) grant of UA 65 million (US$ 97.18 million) to the Democratic Republic of Congo (DRC) to finance the country’s Emergency Programme to Mitigate the Impacts of the International Financial Crisis (PUAICF).

Categories: Democratic Republic of Congo, Financial Crisis

06/05/2009 - Executive Directors of the African Development Bank (AfDB) Group held their regular sessions on Wednesday in Tunis, where they approved over US$ 235 million to finance operations in Sierra Leone, Kenya, DRC, and Rwanda.

Categories: Sierra Leone, Kenya, Democratic Republic of Congo, Rwanda, Economic & Financial Governance, Private Sector Development, Energy & Power, Financial Crisis

10/12/2008 - The Board of Directors of the African Development Bank (AfDB) authorized a financing package for the USD 6.3 billion Guinea bauxite mine and alumina refinery project in Guinea.

Categories: Guinea, Extractive Industries Transparency Initiative, Financial Crisis