Loans & Grants
18/12/2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a US $250-million loan to South African state-owned logistics company Transnet.
This loan, over 20 years, will enable Transnet to increase it goods capacity in order to meet the South African Government's strategy to transition goods transport from road to rail and ensure the viability of freight corridors. This assistance from the Bank will be particularly used to acquire locomotives in order to achieve a freight capacity of 176 million tonnes per year, against 80 million today.
21/08/2014 - The African Water Facility (AWF) offered on August 20, 2014 a €1.3 million grant to the Water Research Commission of the Republic of South Africa to improve water delivery services, an initiative that will be supported and driven by the beneficiary communities of Limpopo province. Over 20,000 people are expected to get improved access to water for domestic and agriculture purposes, among others.
25/06/2014 - On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from the Clean Technology Fund (CTF), to finance the construction of the 100 MW concentrated solar power (CSP) plant XiNa in South Africa. The XiNa Solar One project is the first renewable energy Independent Power Producer (IPP) and the first private sector Clean Technology Fund (CTF) that the AfDB has financed in South Africa.
08/04/2014 - Following the signing of the Capacity Building Project between the African Union Commission (AUC) and the African Development Bank during the meetings of the African Heads of State and Government held in Addis Ababa, Ethiopia, in January 2014, the AfDB formally launched the project in Centurion, South Africa, on April 7, 2014.
Categories: Ethiopia, South Africa, Energy & Power, NEPAD, Programme for Infrastructure Development in Africa (PIDA), Employment, Information & Communication Technology, Infrastructure, Transport, Gender, Water Supply & Sanitation
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.
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.
12/12/2012 - The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa.
21/06/2012 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, a 1-billion South African rand (ZAR) (About USD 117 million) sovereign guaranteed line of credit to the Land and Agricultural Development Bank of South Africa for on-lending to the country’s emerging farmers, commercial farmers as well as to agricultural cooperatives and agri-related businesses. The support will help to mobilize financial resources for the agricultural sector, ultimately contributing to job creation and income generation.
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.
06/06/2011 - The financial package includes a loan of USD 265 million approved by the AfDB’s Board of Directors on 30 May 2011, as well as a USD 100 million concessional loan from the Clean Technology Fund. The financial package will support South Africa’s national electricity utility, Eskom, in implementing a USD 1.3 billion renewable energy project introducing concentrated solar power to sub-Saharan Africa and the first utility-scale wind power plant to South Africa.