Press Releases
04/03/2013 - The African Development Bank (AfDB) and the Investment and Development Bank of the Economic Community of West African States (EBID) signed today a grant agreement amounting to US $950,000 to strengthen the EBID institutional capacities. The signing ceremony, held during the inauguration of the AfDB national office in Togo, was chaired by Serge N’Guessan, AfDB Resident Representative in Togo, and Bashir Ifo, EBID President.
Categories: Togo, Private Sector Development, Fund for African Private Sector Assistance
05/02/2013 - The African Development Bank (AfDB) signed on Tuesday, January 29, 2013 an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively US $500 million to Bank of Industry (BOI) and of US $200 million to Nigerian Export-Import Bank (NEXIM) in order to support the modernization and expansion of export-oriented small and medium enterprises (SMEs). The LoCs will allow local SMEs to be more competitive, scale up their operations and ultimately create more jobs in Nigeria.
Categories: Nigeria, Youth, Human and Social Development, Private Sector Development
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
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
12/12/2012 - The Board of Directors of the African Development Bank (AfDB) has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa.
Categories: South Africa, Private Sector Development
10/12/2012 - Le bureau de la Banque africaine de développement en Centrafrique a organisé, le 4 décembre 2012, un atelier de restitution de l’Etude sur la Mobilisation des Ressources Publiques intérieures et système fiscal en présence de toutes les structures gouvernementales (administration publique et régies financières) et de partenaires Techniques et Financiers.
Categories: Central African Republic, Economic & Financial Governance, Private Sector Development
05/10/2012 - Mr. Ebrima Faal, Regional Director at the Southern Africa Resource Center (SARC) of the African Development Bank (AfDB), signed on behalf of the AfDB the agreements for a loan of ZAR 65 million from the AfDB to Trustco Finance (part of the Namibia based “Trustco” group) to support its student lending program in Namibia. The signing ceremony took place in Windhoek, Namibia’s capital. Also taking part in the ceremony were DEG and Proparco who signed the agreements for loans to Trustco Finance of ZAR 50 million each.
Categories: Namibia, Education, Private Sector Development, Human and Social Development
18/09/2012 - The Board of Directors of the African Development Bank (AfDB) has approved on 6 September 2012 a USD 7 million equity investment in the Pan African Housing Fund (PAHF), a private equity fund targeting the lower-middle and middle-middle class residential housing market in Africa. This contribution will allow PAHF to help grow the capacity of local developers to deliver housing development projects that address the severe shortage of housing and corresponding infrastructure required to keep pace with Africa’s fast-paced urbanization.
Categories: Private Sector Development, Infrastructure
27/08/2012 - The Sustainable Energy Fund for Africa (SEFA), a joint initiative of the Danish government and the Energy, Environment and Climate Change Department (ONEC) of the African Development Bank (AfDB), approved on August 17 its first grant of USD 825,000 to finance the concept phase of the Green Tech Financial Facility – a vehicle for investments in private-sector driven green technology projects – including market scoping and positioning studies, fund conceptualization and fund manager selection.
Categories: Energy & Power, Private Sector Development, Sustainable Energy Fund for Africa, Climate Change, Environment
