Loans & Grants
04/12/2013 - The Board of Directors of the African Development Fund (ADF), the concessionary arm of the African Development Bank (AfDB) Group, approved on Tuesday, December 3 a loan of US $65.0 million and a grant of US $900,000 to Malawi, and a loan of US $7.7 million to Zambia, respectively, for a total of about US $73.6 million, for the Multinational Nacala Road Corridor Development Project Phase IV.
21/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) on 20 November 2013 in Tunis approved a loan of UA 22.22 million or US $33.6 million from African Development Fund (ADF) concessionary resources to finance the Support to Science and Technology Education Project (SSTEP) in Zambia.
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.
04/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2 a senior loan of up to US $150 million to finance a 300MW coal-fired power plant as well as the revamping of the Maamba coal mine in Maamba, Zambia. The project aims to tackle a severe environmental concern at the mine caused by the unregulated and spontaneous self-combustion of tons of currently unused low-grade coal while producing much-needed electricity for the country and the region.
27/09/2013 - With African Development Bank (AfDB) support, Zambia has received approval for a $38 million infusion of support from the Climate Investment Funds’ (CIF) Pilot Programme for Climate Resilience (PPCR) to undertake the Strengthening Climate Resilience in the Kafue Sub-Basin project. The project will have two components: strengthening the capacity of 800,000 rural communities who depend on rain-fed agriculture and natural resources to better respond to the consequences of climate change including floods and droughts; and strengthening the climate resilience of rural roads that link farmers to markets and to the Kafue National Park.
16/09/2013 - The Nordic Development Fund Manager for Southern Africa, Johanna Palmberg, visited the African Development Bank’s Zambia Field Office (ZMFO) on September 13, 2013 to discuss the ongoing green growth initiatives in Zambia pioneered by the AfDB, Organisation for Economic Co-operation and Development (OECD) and International Institute for Environment and Development (IIED). The initiatives were launched with workshops in January and May 2013.
20/06/2013 - The African Development Bank (AfDB) Group approved on 19 June 2013, a US$ 18 million (UA 12 million) African Development fund (ADF) concessional loan to Zambia to finance the Country’s Livestock Infrastructure Development Support Project (LISP).
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.
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.