Loans & Grants
08/04/2014 - The African Development Bank (AfDB), on Friday, April 4, 2014 in Nairobi, Kenya, signed a US $20-million trade finance Line of Credit with the Company for Habitat and Housing in Africa/Shelter Afrique to boost the availability of trade finance instruments to small and medium enterprises (SMEs) involved in real estate and construction-related activities in Africa.
06/03/2014 - The Board of the Africa Development Bank Group (AfDB) on Wednesday, March 5, 2014 approved the Country Strategy Paper (CSP) for Kenya, which articulates the Bank’s priority areas of support to Kenya from 2014-2018. The CSP supports the country’s ambitions and addresses its main developmental challenges by promoting job creation as the overarching objective.
29/01/2014 - The African Development Bank (AfDB) and the government of Kenya on January 27th in Nairobi, Kenya signed loan and protocol grant agreements of US$97 million and US$120 million for the Thwake multi-purpose dam & Outer Ring road projects respectively.
01/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, 30 October 2013 in Tunis, a US$ 94.37 million (UA 61.68 million) ADF loan and US$ 1.85 million (UA 1.21 million) ADF grant to the Government of Kenya to finance phase one of the Thwake Multi-purpose Water Development Program (TMWDP).
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.
02/10/2013 - The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development Fund’s Partial Risk Guarantees (ADF PRG). The ADF PRG is a risk mitigation instrument that covers private lenders and investors against the risk of a possible government failure to meet contractual obligations to a project.
23/08/2013 - The African Development Bank (AfDB) and the African Union Commission (AUC) have signed a grant agreement worth US $45 million to boost the Pan African University.
25/07/2013 - The African Development Bank’s (AfDB) Board of Executive Directors approved on Wednesday, July 24 an African Development Fund (ADF) grant of US$ 45 million to support the creation of a Pan African University (PAU). The new university consisting of fivePan African Institutes will focus mainly on science, technology and innovation.
02/07/2013 - The Global Environment Facility Council has approved a grant of USD 11.3 million, to be channeled through the AfDB, for climate adaptation activities in Cameroon, Djibouti and Kenya,.
Categories: Djibouti, Kenya, Cameroon, Madagascar, Angola, Climate Change, Agriculture & Agro-industries, Environment, Water Supply & Sanitation, Green Growth Initiative, Global Environment Facility (GEF)
19/06/2013 - Dr. Donald Kaberuka, President of the African Development Bank (AfDB), and Prof. David Malone, Rector of United Nations University (UNU), signed a Memorandum of Understanding (MOU) to foster research and knowledge exchange on sustainable development in Africa.