24/04/2014 - The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.
24/04/2014 - Senegal will receive a combined African Development Fund loan and grant amounting to 18.74 billion CFA francs approved by the Fund’s Board on Wednesday, April 23, 2014 in Tunis, to finance the country’s Water and Sanitation Sector Project (PSEA).
24/04/2014 - Applauding Cape Verde’s graduation to middle income status, the Board of Directors of the African Development Bank Group (AfDB) on Wednesday, April 23, 2014 approved a new Country Strategy Paper designed to support the Government in its efforts to lay the foundations for more inclusive and green growth.
24/04/2014 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 23, 2014 an unfunded US $50 million Risk Participation Agreement (RPA) with Commercial International Bank (Egypt) S.A.E. (CIB) to support trade transactions originated by issuing banks in Africa. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. Moreover, it will foster financial sector development and regional integration, and contribute to government revenue generation.
24/04/2014 - Thirty donor countries pledged a record amount of US $4.43 billion for the Global Environment Facility (GEF) on April 17 to support developing countries’ efforts over the next four years to prevent degradation of the global environment. The African Development Bank, as one of the implementing agencies of the GEF since 2007, is a key player to foster a sustainable development path in Africa.
23/04/2014 - The African Development Bank’s (AfDB) golden jubilee was formally kicked off in Tunis on Tuesday, April 22. The occasion of the Bank’s 50th anniversary was acknowledged by invited speakers as a crucial moment for the institution to reflect on how far it has come since it was formed a half century ago, as it positions itself for the 50 years ahead.
18/04/2014 - “Addressing conflict and fragility in Africa” was the theme of an event organized by the African Development Bank’s High Level Panel on Fragile States during the Africa-EU Summit in Brussels on April 1. The event was chaired by President Ellen Johnson Sirleaf of Liberia with opening statements made by President John Dramani Mahama of Ghana, and Andris Piebalgs, Commissioner for Development at the European Commission.
18/04/2014 - The Board of Directors of the African Development Bank approved on Wednesday, April 16, 2014 in Tunis, a US $8.2 million loan to The Gambia’s Horizons Clinic. The Horizons Clinic project to which the Board approved a US $8.2-million loan involves the design, building and operation of a 60-bed international standard, state-of-the-art medical facility in The Gambia.
18/04/2014 - The Board of Directors of the African Development Bank (AfDB) approved on April 16 in Tunis, the creation of the Africa Climate Change Fund (ACCF), a bilateral thematic trust fund to support African countries in their transition to climate-resilient and low-carbon development. The AfDB will host and manage the ACCF, which was created with a 4.725 million euro contribution from Germany for an initial three-year period. The aim is to scale-up to a multi-donor trust fund as soon as at least one new donor commits to join.
18/04/2014 - The Board of Directors of the African Development Bank Group met on Wednesday, April 16, 2014 in Tunis and approved a revised framework for the selection and prioritization of regional operations. The revised Regional Operations Selection and Prioritization Framework aims at selecting the most relevant operations eligible for funding under the Regional Operations incentive mechanism based on cost-sharing financing where the countries contribute to a portion of project costs from their Performance Based Allocations (PBAs) while the Bank finances the remaining portion.