News & Events
- From: 12/03/2012
- To: 16/03/2012
- Location: Marseille, France
The African Development Bank, in collaboration with the African Union Commission, the African Ministers Council on Water and the Government of France, is hosting a conference on water security in Africa in the context of the 6th World Water Forum.
Categories: France, African Water Facility, Rural Water Supply & Sanitation Initiative, Water Supply & Sanitation
12/01/2012 - African Development Bank (AfDB), rated Aaa (Stable) / AAA (Stable) / AAA (Stable (Moody’s / Fitch / S&P), has successfully priced a USD 1 billion 5-year USD Global benchmark due on 15th March 2017 through Daiwa Capital Markets, Goldman Sachs International, HSBC and J.P. Morgan. The notes pay a coupon of 1.125% and is the first USD Global benchmark issue of AFDB for 2012. In 2011, AFDB had issued two 5-year USD Global benchmarks.
Categories: Finance
12/01/2012 - Up to 2.4 million people in rural areas and small towns across Uganda should have improved access to water supply and sanitation by 2016. This follows the African Development Bank (AfDB) signing on 11 January of USD 67 million package to finance the implementation of Uganda’s Water and Sanitation Programme. The project aligns with Uganda’s national goal to increase access to water supply and sanitation services, to achieve 100 percent coverage by 2035.
Categories: Uganda, Agriculture & Agro-industries, Rural Water Supply & Sanitation Initiative
04/01/2012 - The Migration and Development Fund’s oversight committee recently approved a series of grants amounting to € 1.4 million to six remittances funded local development projects across the African continent.
Categories: Tunisia, Algeria, Morocco, Côte d’Ivoire, Benin, Togo, Migration and Development Trust Fund
23/12/2011 - The African Development Bank (AfDB), and other development finance institutions including the International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO), the Development Bank of Central Africa (BDEAC), Proparco, and a syndication of local banks led by Standard Chartered Bank signed on 22 December a loan agreement to provide a EUR 198 million to the Kribi Power Development Company (KPDC). KPDC is a subsidiary of the AES Corporation, an American global power company which provides affordable, sustainable energy to 27 countries worldwide, in partnership with the Government of Cameroon, which owns 44% of KPDC.
Categories: Cameroon, Private Sector Development, Energy & Power
21/12/2011 - The African Development Bank Group’s board of directors has approved a USD15.6 million grant from its concessionary lending arm, the African Development Fund (ADF) to help strengthen the capacity of African Virtual University (AVU).
Categories: Education, Human and Social Development
20/12/2011 - The Board of Directors of the African Development Bank (AfDB) Group approved an African Development Fund (ADF) loan of USD 155.2 million to the United Republic of Tanzania on 16 December 2011. The loan will help support private sector reform and economic governance within the framework of the Governance and Economic Competitiveness Support Programme. The African Development Fund is the AfDB Group’s concessional or ‘soft loan’ arm.
Categories: Tanzania, Private Sector Development, Board of Directors
19/12/2011 - The Board of Directors of the African Development Bank (AfDB) Group approved, on 16 December, funding of USD 107.4 million for the construction of the Trans-Gambia Bridge and Cross Border Improvement Project. The financing package, which is being extended through the African Development Fund (ADF), the African Development Bank Group’s concessionary lending window, comprises an outright grant of USD 102.3 million and ADF concessionary resources of USD 5.1 million.
Categories: Gambia, Infrastructure, Transport, President's Corner
16/12/2011 - The African Development Bank’s Group Board of Directors approved an African Development Fund (ADF) grant of USD 19.2 million to Eritrea on November 30, 2011 to improve equitable access, quality and relevance of technical, vocational education and training. The project will be financed jointly by an ADF grant of USD 18.65 million and an Eritrean Government’s contribution of USD 2.06 million.
16/12/2011 - Menengai geothermal steam field development project will set the stage for investments that will help meet Kenya’s rapidly increasing demand for power and transform the country into a competitive clean energy economy. On 14 December 2011 in Tunis African Development Bank (AfDB) Group Board of Directors, approved two financing vehicles to support the project. It will be financed through a loan of USD 124 million from African Development Fund (ADF) concessionary resources, and a loan and grant totaling USD 25 million from the scaling-up renewable energy program under the Climate investment funds for which AfDB Group is an implementing agency.
Categories: Kenya, Energy & Power
