Loans & Grants

31/01/2012 - The African Development Bank (AfDB) and the World Customs Organization (WCO) will work together to enhance the capacity of customs administrations in Africa. The declaration was made yesterday evening in Addis Ababa, Ethiopia, during the signing ceremony of a memorandum of understanding between the two institutions, on the margins of the 18th African Union Summit.

Categories: Ethiopia, China, Regional Integration, Partnerships, President's Corner

19/12/2011 - The Board of Directors of the African Development Bank (AfDB) Group approved, on 16 December, funding of USD 107.4 million for the construction of the Trans-Gambia Bridge and Cross Border Improvement Project. The financing package, which is being extended through the African Development Fund (ADF), the African Development Bank Group’s concessionary lending window, comprises an outright grant of USD 102.3 million and ADF concessionary resources of USD 5.1 million.

Categories: Gambia, Infrastructure, Transport, President's Corner

26/09/2011 - Eskom and the African Development Bank (AfDB) today signed two loan agreements for a total value of USD365 million that will enable the first large-scale implementation of renewable wind and solar generation in Eskom’s history.

Categories: United States of America, South Africa, Energy & Power, Climate Change, Private Sector Development, President's Corner

09/06/2011 - Under an agreement signed today (Thursday 9 June) between the African Development Bank (AfDB) and the Republic of Korea, at the Bank’s Annual Meetings in Lisbon, Korea has made a new contribution of US $8.5 million to the Korea Africa Economic Cooperation (KOAFEC) Trust Fund, bringing total contributions to the Fund since its establishment in 2007 to over US$ 26 million,.

Categories: Portugal, Korea, Partnerships, President's Corner

11/10/2010 - The U.S. Government’s Millennium Challenge Corporation (MCC) Chief Executive Officer Daniel W. Yohannes joined African Development Bank (AfDB) Group President Donald Kaberuka in signing a memorandum of understanding (MOU) today to work together in promoting sustainable economic growth as the catalyst for poverty reduction.

Categories: United States of America, Poverty Reduction, President's Corner

28/01/2010 - “The African Financing Partnership (AFP) is a major pillar in the partnership strategy of African Development Bank… In 2009, DFIs worked collaboratively on projects in Africa, to jointly finance over US$ 1 billion in projects under a partnership model. This year, the target for collaborative co-financing is manifold, including financing projects in sectors such as infrastructure, power, renewable energy and agribusiness”, AfDB President, Donald Kaberuka, said, on Tuesday, January 26, 2010 in Tunis, as he signed the Memorandum of Understanding (MOU) for the African Financing Partnership (AFP).

Categories: African Financing Partnership, President's Corner

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

15/09/2009 - Bank Group President, Donald Kaberuka, has approved a €1,430,000 grant from the African Water Facility (AWF) for the implementation of the regional water policy within the Economic Community of Central African States (ECCAS). Estimated at € 2,263,000, the project will attract €1,430,000 from the African Water Facility, while IPPF-NEPAD will contribute €490,000.

Categories: African Water Facility, Water Supply & Sanitation, NEPAD, President's Corner