24/04/2014 - The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.
24/04/2014 - Senegal will receive a combined African Development Fund loan and grant amounting to 18.74 billion CFA francs approved by the Fund’s Board on Wednesday, April 23, 2014 in Tunis, to finance the country’s Water and Sanitation Sector Project (PSEA).
24/04/2014 - Applauding Cape Verde’s graduation to middle income status, the Board of Directors of the African Development Bank Group (AfDB) on Wednesday, April 23, 2014 approved a new Country Strategy Paper designed to support the Government in its efforts to lay the foundations for more inclusive and green growth.
24/04/2014 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 23, 2014 an unfunded US $50 million Risk Participation Agreement (RPA) with Commercial International Bank (Egypt) S.A.E. (CIB) to support trade transactions originated by issuing banks in Africa. 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 and regional integration, and contribute to government revenue generation.
24/04/2014 - Thirty donor countries pledged a record amount of US $4.43 billion for the Global Environment Facility (GEF) on April 17 to support developing countries’ efforts over the next four years to prevent degradation of the global environment. The African Development Bank, as one of the implementing agencies of the GEF since 2007, is a key player to foster a sustainable development path in Africa.
23/04/2014 - Les célébrations du cinquantenaire de la Banque africaine de développement (BAD) ont officiellement démarré, le mardi 22 avril, à Tunis. Les orateurs ont reconnu la solennité de l’événement, au moment crucial où l’institution doit se réfléchir au chemin parcouru en un demi-siècle, et prendre position quant à sa mission pour les cinquante années à venir.
18/04/2014 - “Addressing conflict and fragility in Africa” was the theme of an event organized by the African Development Bank’s High Level Panel on Fragile States during the Africa-EU Summit in Brussels on April 1. The event was chaired by President Ellen Johnson Sirleaf of Liberia with opening statements made by President John Dramani Mahama of Ghana, and Andris Piebalgs, Commissioner for Development at the European Commission.
18/04/2014 - The Board of Directors of the African Development Bank approved on Wednesday, April 16, 2014 in Tunis, a US $8.2 million loan to The Gambia’s Horizons Clinic. The Horizons Clinic project to which the Board approved a US $8.2-million loan involves the design, building and operation of a 60-bed international standard, state-of-the-art medical facility in The Gambia.
18/04/2014 - Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé, le 16 avril 2014, la création du Fonds pour le changement climatique en Afrique (FCCA), un fonds fiduciaire bilatéral destiné à appuyer les pays africains dans leur transition vers un développement résilient au changement climatique et à faible émission de carbone. La BAD hébergera et administrera le FCCA, doté d’une contribution initiale de 4,725 millions d’euros, accordée par l’Allemagne, sur une période donnée de trois ans. L’objectif est d’en faire un fonds fiduciaire multi-bailleurs, dès qu’un nouveau bailleur s’engagera à y participer.
18/04/2014 - The Board of Directors of the African Development Bank Group met on Wednesday, April 16, 2014 in Tunis and approved a revised framework for the selection and prioritization of regional operations. The revised Regional Operations Selection and Prioritization Framework aims at selecting the most relevant operations eligible for funding under the Regional Operations incentive mechanism based on cost-sharing financing where the countries contribute to a portion of project costs from their Performance Based Allocations (PBAs) while the Bank finances the remaining portion.