Approvals Press Releases
02/07/2009 - In line with its commitment to support integrated infrastructure development in the Regional Member Countries, the African Development Bank (AfDB) Group has approved a US$ 326 million (210 million UA) loan to finance the second phase of the Mombasa-Nairobi-Addis Ababa Road Corridor Project. It involves the construction and tarring of 438 km road sections including 245 km Merille River-Marsabit-Turbi road section in Kenya and 193 km Ageremariam-Yabelo-Mega road section in Ethiopia, the construction of roadside socio-economic infrastructure, and the construction of a One-Stop-Border-Post.
02/07/2009 - Rwanda will receive US$ 24.76 million (UA* 16 million) in the form of grants to finance the second phase of the country’s second 2009-2012 Rural Drinking Water Supply and Sanitation Sub-Programme (PNEAR).
01/07/2009 - The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday in Tunis, a US$ 500 million investment in the Global Trade Liquidity Program as the second phase of its Trade Finance Initiative. The first phase approved in March 2009 was a US$ 500 million in lines of credit to support trade finance by African banks, bringing the combined ceiling for both phase 1 and 2 to US$ 1 billion.
24/06/2009 - The African Development Fund (ADF) the concessionary window of the African Development Bank (AfDB) Group, on Wednesday in Tunis, approved a grant of 15.5 million (10 million Units of Account (UA*) to finance a Job Creation Programme Support Project in Burundi.
24/06/2009 - As part of the strategy to boost infrastructure development and regional economic integration in Africa, the Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Tunis, approved two loans amounting to US$ 181 million, (117.04 million Units of Account UA*) to Mozambique and Malawi to finance the construction of the first phase of the Nacala Road Corridor, which links the two countries and Zambia.