Press Releases
05/02/2013 - The African Water Facility offered a 1 million euro grant to the Community Integrated Development Initiatives (CIDI) to support their Kawempe Urban Poor Sanitation Improvement Project (KUPSIP). The project is designed to provide affordable and sustainable sanitation services to over 100,000 urban poor living in the Kawempe Municipality, in Kampala, Uganda.
Categories: Uganda, African Water Facility, Water Supply & Sanitation, Rural Water Supply & Sanitation Initiative
30/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a senior loan of US $100 million to Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to build and operate a gas to urea fertilizer plant located in Port Harcourt, Nigeria, that will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America.
Categories: Nigeria, Private Sector Development, Agriculture & Agro-industries
21/01/2013 - On Wednesday, January 16, 2013, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a $1 billion fixed rate US Dollar Global benchmark due March 15, 2018. The transaction pays a coupon of 0.875 per cent and a spread of five basis points over Mid-Swaps, equivalent to 20.45 basis points over the UST 0.75 per cent due December 31, 2017. Joint Lead Managers on the transaction are BNP Paribas, Deutsche Bank, J.P. Morgan and Nomura.
16/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today an equity investment of US $24 million in the East African Development Bank (EADB) to strengthen its balance sheet and contribute to improve its international credit rating.
Categories: Economic & Financial Governance, Private Sector Development
16/01/2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a line of credit of 13 million euros to support small and medium enterprises and industries (SME/SMI) in Niger.
Categories: Niger, Private Sector Development, Economic & Financial Governance
12/01/2013 - The President of the African Development Bank, Donald Kaberuka, the Chairperson of the African Union Commission, Nkosazana Dlamini Zuma, and the Executive Secretary of the United Nations Economic Commission for Africa, Carlos Lopes, met in Addis Ababa, Ethiopia on January 11 and 12, 2013 to discuss the challenges.
Categories: Ethiopia
10/01/2013 - “Building a new post-revolutionary Tunisia based on the ideas of young people and the strengthening the spirit of entrepreneurship” is the theme of the announcement ceremony for the beneficiaries of Souk At-tanmia, a recent pilot initiative and partnership in favour of entrepreneurship, economic development and social cohesion and job creation in Tunisia. The ceremony was held today in the auditorium of the Cité des Sciences in Tunis, an iconic symbol that is synonymous with innovation and youth.
Categories: Tunisia, Youth, Human and Social Development
09/01/2013 - A new report by the African Development Bank makes concrete proposals for the establishment of a monetary union in the Common Market for Eastern and Southern Africa region (COMESA). In order to achieve greater macroeconomic convergence in the region, the “Facilitating Multilateral Fiscal Surveillance in the Monetary Union Context with Focus on the COMESA Region” study envisages a boost to fiscal surveillance at both regional and national levels.
Categories: Economic & Financial Governance, Regional Integration
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.
Categories: Zambia, Economic & Financial Governance, Energy & Power, Infrastructure
21/12/2012 - La Banque africaine de développement (BAD) et le Maroc ont signé, le 19 décembre à Rabat, trois accords de prêt et de garantie ainsi qu’un accord de don pour un montant global de près de 7 milliards de dirhams, soit l’équivalent de 533 millions d’euros. Les cosignataires étaient la représentante résidente de la Banque, Mme Amani Abou-Zeid et le Ministre de l’Economie et des Finances du Maroc, M. Nizar Baraka. La cérémonie s’est déroulée en présence du Directeur général de l’Office national de l’électricité et de l’eau potable (ONEE), M. Ali Fassi Fihri.
Categories: Morocco, Infrastructure, Water Supply & Sanitation, Energy & Power
