Loans & Grants

05/04/2013 - The African Development Bank’s (AfDB) Board of Executive Directors on April 3, 2013 approved an African Development Fund (ADF) grant of USD $ 25.7 million and an ADF loan of USD 12.6 million for a Skills, Employability and Entrepreneurship Program (SEEP) in Rwanda.

Categories: Rwanda, Economic & Financial Governance, Human and Social Development, Youth

14/03/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, March 13, a loan in the amount of US $144.89 million in support of the Uganda road sector.

Categories: Uganda, Infrastructure, Transport, Youth, Human and Social Development

05/02/2013 - The African Development Bank (AfDB) signed on Tuesday, January 29, 2013 an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively US $500 million to Bank of Industry (BOI) and of US $200 million to Nigerian Export-Import Bank (NEXIM) in order to support the modernization and expansion of export-oriented small and medium enterprises (SMEs). The LoCs will allow local SMEs to be more competitive, scale up their operations and ultimately create more jobs in Nigeria.

Categories: Nigeria, Youth, Human and Social Development, Private Sector Development

30/11/2012 - The African Development Bank has approved a US $43.7 Million loan to the Kenyan Government to enhance education and training institutions and develop skills needed in the changing labor market.

Categories: Kenya, Education, Youth, Human and Social Development

23/07/2012 - The Board of Directors of the African Development Bank (AfDB) recently approved a USD 7 million equity investment in the Business Partners International Southern African SME Fund (BPI SA). This contribution will allow BPI SA to increase access to finance and capacity building for small and medium-sized enterprises (SMEs) within various sectors in the southern Africa sub-region, thereby boosting income generation and job creation.

Categories: Private Sector Development, Youth, Human and Social Development

23/07/2012 - The Board of Directors of the African Development Bank (AfDB) recently approved a €7 million equity investment in the I&P Afrique Entrepreneurs SME Fund (IPAE). This will allow IPAE to increase access to finance and capacity building for small and medium-sized enterprises (SMEs) and small microfinance institutions (SMFIs) in western and central Africa, thereby boosting income generation and job creation in the region.

Categories: Private Sector Development, Human and Social Development, Youth

10/02/2012 - The African Development Bank (AfDB) has approved funding of USD 41 million to improve the employment prospects of graduates and students in Malawi through training and skills development.

Categories: Malawi, Youth, Human and Social Development