Loans & Grants
28/12/2012 - The African Development Bank and the Government of the Republic of Zambia signed, on December 19, a loan agreement for US $55 million to support the Itezhi-Tezhi Hydro Power and Transmission Line Project through the construction and operation of a 120 megawatt hydropower plant at Itezhi-Tezhi dam along the Kafue River. This loan was approved by the Bank’s Board of Executive Directors on June 13, 2012.
26/09/2012 - The African Development Bank approved on August 29, an African Water Facility (AWF) grant of €950,000 to support a project to help the Government of Zambia develop, test and adopt updated guidelines, which will be used as framework for programming as well as designing the financing, construction and operations of multi-purpose small dams. The dams are expected to directly improve the lives and livelihoods of an estimated 90,000 people, and indirectly benefit about a million people living in rural areas, thus enhancing water security in more vulnerable parts of the country.
19/06/2012 - The Board of Directors of the African Development Bank (AfDB) has approved a USD 35-million senior loan and a USD 3 million standby facility to Itezhi-Tezhi Power Corporation (ITPC) and a concessional loan of USD 18 million to the government as Zambia Electricity Supply Company (ZESCO)’s share of the equity to develop the Itezhi-Tezhi hydropower plant project that will provide reliable, low-cost power and sustainable energy to the country.
02/03/2012 - The Board of the African Development Bank (AfDB) approved an equity investment of USD 50 million into the Carlyle Sub Saharan Africa Fund on 22February. This fund is the first investment vehicle that the US-based private equity firm The Carlyle Group has raised to pursue its geographical expansion into sub-Saharan Africa.
29/09/2011 - The African Development Bank Board of Directors has approved a USD 24-million loan to finance Zambia’s fourth poverty reduction budget support program. The African Development Fund (ADF) loan is part of USD 159 million budget support operation financed by World Bank ($30 m loan), European Commission ($43.5 m grant), UK’s Department for International Development ($41.6 m grant), Germany ($13.6 m grant), and Finland ($6.8 grant).
06/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved the 2011-2012 Regional Integration Strategy Paper for Southern Africa. Regional integration is one of the organisation’s priorities, , as reflected in its 2008-2011 Medium-Term Strategy, its Strategic and Operational Framework for Regional Operations and the its 2009-2012 Regional Integration Strategy.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Transport, Information & Communication Technology, Regional Integration, Energy & Power
21/10/2010 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday 20 October 2010 in Tunis, a USD 15-million equity investment in Catalyst Fund, a 10-year multi-sector private equity based in Kenya primarily covering the East Africa Community (EAC) as well as DRC, Ethiopia and Zambia. The target market has a population of 280 million, with a USD 126 billion combined GDP.
30/06/2010 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on Wednesday, 30 June 2010 in Tunis a USD 48.89 million loan to assist the Republic of Zambia in implementing its Fifth National Development Plan aimed at economic growth and poverty reduction.
24/06/2009 - As part of the strategy to boost infrastructure development and regional economic integration in Africa, the Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Tunis, approved two loans amounting to US$ 181 million, (117.04 million Units of Account UA*) to Mozambique and Malawi to finance the construction of the first phase of the Nacala Road Corridor, which links the two countries and Zambia.
06/04/2009 - The Board of Directors of the African Development Bank (AfDB) Group has approved emergency humanitarian assistance grants of US$ 500,000 each to Djibouti, Mozambique, Togo and Zambia, to enable the countries provide immediate relief to victims of recent natural disasters such as floods and drought.