Loans & Grants
17/05/2012 - The African Development Bank’s Board of Executive Directors approved a total of USD 13.95 million (UA 9.00 million ) through a grant mechanism on 16 May 2012. The grant will enable the African Community of Practice for Managing for Development Results (AfCoP) to mainstream Managing for Development Results (MfDR) into the policies and strategies of RMCs and RECs.
Categories: Information & Communication Technology
23/11/2011 - The Board of Directors of the African Development Bank (AfDB) has approved on 16 November a €5 million equity investment in a private equity fund which will invest in key sectors with regional expansion potential in French-speaking West Africa.
Categories: Burkina Faso, Benin, Côte d’Ivoire, Guinea, Mali, Niger, Senegal, Togo, Information & Communication Technology, Infrastructure, Private Sector Development
09/09/2011 - On 7 September, the African Development Bank Board of Executive Directors approved a USD 22.5m African Development Fund loan to the Republic of Mali to finance a major digital complex in the capital, Bamako. “This project is important for my country and the first of its kind in West Africa. With the Bamako Digital Complex, before December 2011, Mali will be connected through fiber optic to six out of its seven neighbors.
Categories: Mali, Information & Communication Technology, Human and Social Development
10/06/2011 - The African Development Bank (AfDB) and the Zimbabwean government have signed a US $30 million grant agreement in support of the urgent water supply and sanitation rehabilitation project (UWSSRP) in the country. The UWSSRP is financed from the Zimbabwe Multi-Donor Trust Fund (the Zim-Fund).
Categories: Portugal, Information & Communication Technology, Water Supply & Sanitation
10/06/2011 - The African Development Bank Group (AfDB) signed on 8 June in Lisbon an equity commitment of USD 30 million in Helios Investors II, L.P. (“Helios II”), a private equity investment fund managed by Helios Investment Partners. Helios II, focused on Sub-Saharan Africa. The fund will invest growth capital in companies seeking to expand regionally and acquire large scale businesses in a variety of sectors, ranging from infrastructure (telecommunications, transport) to financial services and insurance, agro-industries and consumer products.
Categories: Private Sector Development, Transport, Information & Communication Technology, Infrastructure
06/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved the 2011-2012 Regional Integration Strategy Paper for Southern Africa. Regional integration is one of the organisation’s priorities, , as reflected in its 2008-2011 Medium-Term Strategy, its Strategic and Operational Framework for Regional Operations and the its 2009-2012 Regional Integration Strategy.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Transport, Information & Communication Technology, Regional Integration, Energy & Power
30/09/2009 - The African Development Bank Group (AfDB) and Main One Cable Company signed a loan agreement of USD 61 million towards the development of a submarine fiber optic cable connection along the West African coast. With this investment, the Bank has further expanded its wide support for African ICT projects following investments in the East African “EaSSy” submarine cable and the two satellites Rascom and New Dawn
Categories: Private Sector Development, Information & Communication Technology
07/09/2009 - he Board of Directors of the African Development Bank Group has approved a US$ 30 million loan to finance the Helios Shared Telecom Infrastructure Project in Nigeria.
Categories: Nigeria, Information & Communication Technology
12/03/2009 - The Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Tunis approved a loan of US$ 25 million for the New Dawn Satellite Project.
Categories: Mauritius, South Africa, Information & Communication Technology
18/12/2007 - On January 17th, alongside its partners, the African Development Bank signed the Loan agreement for the RascomStar-QSF project alongside its development partners. The loan is the final piece of the financing arrangements that will see the launch of the first pan-African communications satellite on 20th December. The total investment in the project is US$380 million of which the Bank provided a loan of US$50 million. Other lenders to the project include the Banque de Developpement des Etats de l’Afrique Centrale (BDEAC) and the Banque Ouest Africaine de Developpement (BOAD), while equity investors include the Libyan African Investment Portfolio, General Post and Telecommunications Company, Regional African Satellite Communications Organizations Members (RASCOM) and Thales Alenia Space.
Categories: Information & Communication Technology
