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01/10/2015 - The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal.

Categories: Guinea-Bissau, Senegal, Guinea, Gambia, Energy & Power, Board of Directors

01/10/2015 - The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project.

Categories: Tanzania, Health, Infrastructure, Transport, Environment, Partnerships, Human Capital Development, Board of Directors

03/07/2015 - The Boards of the African Development Bank Group (AfDB) on Wednesday, July 1, 2015 approved debt relief for the Republic of Chad under the Enhanced Heavily Indebted Poor Country (HIPC) initiative in the amount of US $37 million (at end 2000 Net Present Value terms, or approximately US $66.04 million, in nominal terms). This follows a joint assessment of the country in April 2015 by the IMF and World Bank as having attained the HIPC ‘Completion Point’.

Categories: Chad, Partnerships, Board of Directors

10/06/2015 - The African Development Bank Group (AfDB) will assist in tackling the prevailing food security and poverty challenges in São Tomé and Príncipe with a combined loan and grant of US $19.5 million approved by the Board of Directors on Wednesday, June 10, 2015 in Abidjan, Côte d’Ivoire.

Categories: São Tomé & Príncipe, Poverty Reduction, Food Production, Board of Directors

13/05/2015 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to reduce electricity losses while improving the overall economics in Africa’s power sector.

Categories: Nigeria, Zambia, Private Sector, Infrastructure, Energy & Power, Infrastructure & Regional Integration, Board of Directors

23/04/2015 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 22, 2015 an unfunded US $40 million Risk Participation Agreement (RPA) with Banco Santander S.A. (Santander) to support issuing banks in Africa expand their trade finance operations. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agriculture and manufacturing. It will also foster financial sector development and regional integration, and contribute to government revenue generation.

Categories: Spain, Partnerships, Trade Finance Program, Regional Integration, Board of Directors

19/02/2015 - The Steering Committee of the Board of Governors of the African Development Bank met on 11 February, 2015 at the Bank’s headquarters in Abidjan and agreed to the following list of candidates for the election of the next President of the African Development Bank.

Categories: AfDB Presidential Election, President's Corner, Board of Directors, Board of Governors

29/01/2015 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, January 28, 2014 approved Guinea Bissau’s Country Strategy Paper (CSP) for 2015-2019. The document provides a framework for the Bank’s post-crisis support to the country.

Categories: Guinea-Bissau, Infrastructure, Partnerships, Regional Integration, Health, Education, Board of Directors

20/11/2014 - The Board of Directors of the African Development Bank has approved a US $74.47-million loan to finance the first phase of Rwanda’s Transport Sector Support Project. The project involves upgrading the Base-Rukomo road along the Base-Gicumbi-Rukomo-Nyagatare axis.

Categories: Rwanda, Transport, Infrastructure, Board of Directors

19/11/2014 - The African Development Bank Group’s (AfDB) Board of Executive Directors approved on Wednesday, November 19 the new Regional Integration Policy and Strategy (RIPoS) for the period 2014-2023, with focus on creating larger, more attractive markets, linking landlocked countries to international markets and supporting intra-African trade to foster the continent’s development.

Categories: Infrastructure, Regional Integration, Economic & Financial Governance, Board of Directors

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