News
04/05/2012 - The African Development Bank (AfDB) has received approval from the Government of Uganda to issue bonds denominated in Uganda Shillings on the Ugandan capital market. Pierre Van Peteghem, Treasurer of the African Development Bank Group, said that following the Government’s authorization, the multilateral bank is currently processing all regulatory steps required for the launch of a Note Program.
31/01/2012 - North African Lawyers have commended the African Legal Support Facility (ALSF) and the Pan African Lawyers Union’s (PALU) recent capacity-building seminar, noting that “it opens new horizons for us.” The lawyers participated in the seminar which took place from January 24 to 26, 2012 in Tunis.
Categories: Tunisia, African Legal Support Facility, Finance
26/01/2012 - Thursday 26 January was the second day of a two-day capacity building seminar organised by the African Legal Support Facility (ALSF) and the Pan-African Lawyers Union (PALU) in Tunis. Its aim was to familiarise North African lawyers with the African Development Bank’s different organs and activities and offer them a better understanding of the institution’s legal requirements in financing infrastructure projects.
Categories: Tunisia, African Legal Support Facility, Finance
- From: 24/01/2012
- To: 26/01/2012
- Location: Tunis, Tunisia
“The African Legal Support Facility (ALSF) is committed to work with the Pan-African Lawyers’ Union (PALU) towards the creation of a better legal environment that creates an unquestionable stability necessary to attract national and foreign investments in Africa,” said ALSF’s CEO, Stephen Karangizi, as a prelude to a joint ALSF-PALU capacity building seminar that will be held from 24 to 26 January 2012, in Tunis.
Categories: Tunisia, African Legal Support Facility, Finance
18/01/2012 - Last week, the African Development Bank successfully issued a USD1 billion, five-year bond. Order books totalled USD1.2 billion from 43 investors. Final distribution figures underscored AfDB's strong penetration across different regions. The order book was well diversified geographically. Asian investors came in as the largest buyers at 44 percent of the bond. European and American investors bought 18 percent, while African and Middle East investors bought 15 percent and 5 percent, respectively.
Categories: Finance
12/01/2012 - African Development Bank (AfDB), rated Aaa (Stable) / AAA (Stable) / AAA (Stable (Moody’s / Fitch / S&P), has successfully priced a USD 1 billion 5-year USD Global benchmark due on 15th March 2017 through Daiwa Capital Markets, Goldman Sachs International, HSBC and J.P. Morgan. The notes pay a coupon of 1.125% and is the first USD Global benchmark issue of AFDB for 2012. In 2011, AFDB had issued two 5-year USD Global benchmarks.
Categories: Finance
31/10/2011 - Loan syndication will have a higher profile in the lending strategy of the African Development Bank (AfDB). Tim Turner, director of the AfDB’s private sector department, said: “Active resource mobilization through loan syndication needs to be an institutional priority of AfDB, and it is important that the Bank begins to act now.”
Categories: Economic & Financial Governance, Finance
24/05/2011 - Cost and lack of appreciation of the benefits of ratings and the financial discipline that a credit rating brings are some of the reasons why some African countries are reluctant to pursue obtaining credit ratings. On the other hand, some African countries have received HIPC (Heavily Indebted Poor Country) debt relief and have implemented credible reforms. However, they recognize that reliance on grants and aid resources alone is not sufficient to finance their huge financing needs to improve infrastructure and also to implement poverty reduction programs. As a result, these countries may seek credit ratings to help them unlock funding from the international and domestic markets to finance their development needs.
Categories: Finance
26/05/2010 - The African Development Bank (AfDB) Group, the European Investment Bank (EIB), the International Financial Corporation (IFC), the OPEC Investment and Development Fund and Abu Dhabi Development Fund (ADDF) on Tuesday, May 25, 2010, launched the African Capitalization Fund.
Categories: Côte d’Ivoire, Finance
25/05/2010 - The African Development Bank (AfDB) Group approved USD 6 billion (UA 3.9 billion) for the provision of modern and affordable infrastructure in regional member countries in 2009. The Bank Group’s Vice President in charge finance, Thierry de Longuemar, said at the presentation of the 2009 financial statements of the Bank Group on Tuesday 24 May 2010 in Abidjan ahead of its annual meetings of the Bank. This amount represents 52 percent of the approvals by the institution during the year.
Categories: Côte d’Ivoire, Infrastructure, Finance
