News & Events
07/03/2013 - Alleviating poverty through entrepreneurship is a key tool for economic empowerment of women in Africa. Women represent over half of Africa’s population and have the potential to transform economies into thriving enterprises. Women entrepreneurs and leaders are the key pillar of an inclusive, private sector-led growth in Africa.
Categories: Gender, Private Sector Development
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
- Date: 06/03/2013
- Location: Tunis, Tunisia
The African Development Bank Group will, on March 6, 2013 in Tunis, host the 2nd governing council meeting of the Africa fertilizer financing mechanism (AFFM). AFFM aims to create a catalytic environment for the investments needed in Africa to enhance fertilizer production and consumption at affordable prices. It focuses on two types of activities, namely facilitation and encouraging the private sector to invest in fertilizer ventures aimed at expanding national and regional production capacity.
Categories: Tunisia, African Fertilizer Financing Mechanism, Private Sector Development
26/02/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 a Trade Finance package of US $200 million comprising an unfunded risk-sharing facility and a trade facilitation loan, to support Ecobank Transnational Incorporated’s (ETI) trade finance activities in Africa. The AfDB’s support will enable Ecobank to enhance its trade finance confirmation capabilities, avail medium-term liquidity support to ETI’s subsidiaries to provide appropriate trade finance to African small and medium enterprises (SMEs) and local corporates, and demonstrate appetite for Africa risk.
Categories: Private Sector Development, Economic & Financial Governance
26/02/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, February 20 an unfunded US $200-million Risk Participation Agreement (RPA) with Standard Chartered Bank (SCB). 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, regional integration, and contribute to government revenue generation.
Categories: Private Sector Development, Economic & Financial Governance
14/02/2013 - The African Development Bank (AfDB) Group holds its 2013 Annual Meetings in Marrakech, Morocco, from 27 to 31 May 2013. More than 2,500 delegates including finance ministers, central bank governors and CEOs from the institution’s 78 member countries will participate in the meetings.
Categories: Morocco, Climate Change, Economic & Financial Governance, Private Sector Development
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
- From: 30/01/2013
- To: 01/02/2013
- Location: New Delhi, India
The President of the African Development Bank Group, Donald Kaberuka, is undertaking an official visit to India from January 30 to February 1, to participate as keynote speaker in the Delhi Sustainable Development Summit and hold meetings with senior Indian officials. The goal of the visit is to strengthen ties with the South Asian giant, particularly in areas of partnership and resource mobilization.
Categories: India, Private Sector Development
25/01/2013 - “Africa needs strong independent energy regulators to attract private investment in its energy sector,” said African Development Bank President Donald Kaberuka on Wednesday, January 23, Day 2 of the World Economic Forum in Davos, Switzerland. In his meeting with the Prime Minister of Ethiopia, Hailemariam Desalgen, and Tony Blair, the former Prime Minister of the United Kingdom, Kaberuka discussed how best to galvanize private sector investment to close the energy gap in Africa.
Categories: Switzerland, Financial Crisis, Economic & Financial Governance, Energy & Power, Private Sector Development
