News & Events
27/06/2011 - The Asian Development Bank (ADB) and the African Development Bank (AfDB) have signed an agreement to help AfDB set up a trade finance program to boost African trade, and, more broadly, South-South trade.
Categories: Private Sector Development
10/06/2011 - The African Development Bank Group (AfDB) signed on 8 June in Lisbon an equity commitment of USD 30 million in Helios Investors II, L.P. (“Helios II”), a private equity investment fund managed by Helios Investment Partners. Helios II, focused on Sub-Saharan Africa. The fund will invest growth capital in companies seeking to expand regionally and acquire large scale businesses in a variety of sectors, ranging from infrastructure (telecommunications, transport) to financial services and insurance, agro-industries and consumer products.
Categories: Private Sector Development, Transport, Information & Communication Technology, Infrastructure
08/06/2011 - African governments need to create a better business environment for the private sector so that companies can generate domestic revenue to help alleviate poverty and boost development, a cross-section of business leaders said at the Annual Meetings of the African Development Bank Group (AfDB) on 8June in Lisbon, Portugal.
Categories: Private Sector Development
08/06/2011 - Various African experts came together to debate solutions to one of Africa’s most pressing problems – youth unemployment – on 8 June 2011 at the Annual Meetings of the African Development Bank Group, held in Lisbon Portugal.
Categories: Portugal, Private Sector Development
08/06/2011 - Fostering partnerships between the private sector, infrastructure agencies and regional economic communities is critical to solving the problem of Africa’s vast infrastructure gap according to an expert panel at the Annual Meetings of the African Development Bank Group (AfDB) in Lisbon on 7 June.
Categories: Portugal, Private Sector Development, Infrastructure
06/06/2011 - The financial package includes a loan of USD 265 million approved by the AfDB’s Board of Directors on 30 May 2011, as well as a USD 100 million concessional loan from the Clean Technology Fund. The financial package will support South Africa’s national electricity utility, Eskom, in implementing a USD 1.3 billion renewable energy project introducing concentrated solar power to sub-Saharan Africa and the first utility-scale wind power plant to South Africa.
Categories: South Africa, Private Sector Development
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 500 million, to the Bank of Industry (BOI) for financing domestic-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through BOI by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 200 million, to the Nigerian Export-Import Bank (NEXIM) for financing export-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through NEXIM by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
19/05/2011 - The Board of Directors of the African Development Bank (AfDB) Group through its private sector window approved on Wednesday, a €150-million senior loan to finance the Kalagadi manganese mining project; the Bank’s first mining beneficiation and industrial project in South Africa.
Categories: South Africa, Infrastructure, Private Sector Development
19/05/2011 - The African Development Bank (AfDB) Group, the Interntional Finance Corporation (IFC)-a member of the World Bank Group), and the Netherlands Development Finance Company (FMO), are investing €66 million in the Dibamba Power Development Company to help it build an 86-megawatt powerplant that will ensure reliable electricity supply and improve energy security in Cameroon.
Categories: Cameroon, Energy & Power, Private Sector Development
