Project Summary Note

13-Aug-2019

Rwanda - Supporting structural transformation in Rwanda by improving access to finance to local SMEs in transformative sectors - Project Summary Note

Cogebanque is a leading, private commercial bank in Rwanda with over 19 years of operations. Its current shareholding is held by Rwandan institutions (44%), businesspersons (53%) and the balance (3%) is held by individuals. Rwanda Social Security Board (RSSB) is the largest shareholder with a 43% shareholding . Licensed and regulated by the National Bank of Rwanda, Cogebanque has 26 branches scattered across the country supported by numerous agents and ATMs. It provides a comprehensive range of products and services to corporate, SMEs and retail customers
13-Aug-2019

Mozambique - Banco comercial e de investimentos S.A. - Project Summary Note

The Board of Directors of the African Development Bank has approved a line of credit of USD 30 million to Banco Comercial e de Investimentos S.A. (“BCI”) to promote industrialization and support for Small and Medium-Sized Enterprises (“SMEs”) including women-owned and youth enterprises in Mozambique. As part of the package, the Affirmative Finance for Women in Africa (“AFAWA”) Initiative intends to provide technical assistance to support capacity building, business development and lending by BCI to women-empowered enterprises.
13-Aug-2019

Multinational - Investisseurs et partenaires afrique entrepreneurs II (IPAE II) - Project Summary Note

The Board of Directors of the African Development Bank has approved an equity investment of € 7 million into Investisseurs & Partenaires Afrique Entrepreneurs 2 (“IPAE.2”). IPAE.2 is a 10- year impact fund, targeting € 90 million total capitalization to invest into 30 to 40 small and medium-sized enterprises (SMEs) in Sub-Saharan Africa. The main target sectors include healthcare, agribusiness, financial services, education, consumer and retail
09-Aug-2019

Project Brief - Morocco - OCP Expansion Program

to receive ten integrated chemical plants for transforming phosphate into fertilizers with a production capacity of up to 1 MTPA of phosphorous equivalent (P2O5) each. A major portion of the fertilizer will be for export
08-Aug-2019

Project Brief - EASSy

The EASSy is an initiative to construct and operate a submarine fiber-optic cable along the east coast of Africa to connect 20 coastal and land-locked countries to each other and to the rest of the world. The project, with an estimated total cost of USD 235 million, will run cable from Port Sudan, Sudan to Mtunzini, South Africa, covering approximately 9,000 km. 29 leading telecommunications operators from East and Southern Africa make up the initial parties involved in the construction and maintenance of EASSy. The EASSy project will provide the last link to completely encircle Africa with...
08-Aug-2019

Project Brief – Pan African Infrastructure Development Fund (PAIDF)

The project involves the participation of the Bank in the establishment of an Equity Fund dedicated to infrastructure in Africa, the Pan African Infrastructure Development Fund (“PAIDF” or the “Fund”); its incorporation will be done in Mauritius. Due to the long-term nature of infrastructure investments, the Fund will have a 15-year life. The investment period will be eight (8) years from the date of the Fund launch (“Investment Period”); which provides the Manager with a 7-year time horizon per investment to build, develop and grow each individual investment before exit. The Fund’s objective...
08-Aug-2019

Project Brief – Sahanivotry Hydroelectric

The project comprises the construction of a 15 MW run-of-river hydroelectric power station on River Ampamehena in Sahanivotry, in the agro-industrial region of Antsirabe.Part of the river’s water shall be deviated by a small dam designed as a reinforced concrete embankment erected on emergent bedrock that equally forms a natural embankment.The water intake structure shall be fitted with special equipment that traps any solid matter found in the water (sand, pebbles, floating waste).The intake structure feeder canal shall be built with a very gentle slope on the left bank of the river,...
08-Aug-2019

ATTIJARIWAFA BANK - Partenariat pour le développement du commerce en Afrique - Note de synthèse de projet

L’APR permettra de répondre à la demande croissante des marchés africains en matière de financement du commerce extérieur dans des secteurs économiques vitaux tels que l'agroalimentaire, la santé, les services et l’industrie. De plus, il favorisera une dynamique de diversification productive, génératrice d’emplois et de recettes fiscales supplémentaires pour plusieurs États africains.
06-Aug-2019

Project Brief - Multinational - CEC AFRICA

CEC Africa (CECA) aims to be a Pan African utility whose growth strategy includes acquiring/developing distribution and transmission opportunities and complementary green field generation projects throughout SSA. It is currently invested in Nigeria in two operating companies: Abuja Disco and 600 MW Shiroro Hydro -both acquired during the recent Nigerian power sector privatization program. CECA has a number of green field projects under development
25-Jul-2019

Tanzania - Africa fertilizer financing mechanism (Affm) - Project Summary

The Africa Fertilizer Financing Mechanism (AFFM) was created in 2006 during the Abuja African Green Revolution summit. However it became operational in 2015, after achieving the initial capital of USD 10 Million. Following the realignment of the AFFM’s Strategy by the Governing Council in June 2018, it was decided that the AFFM focuses on the provision of credit guarantee as a tool for derisking the financing of fertilizer value chain across the continent in order to reach the Abuja Declaration target of 50kg of fertilizer use per hectare. In regard to this new focus area, a feasibility study...
25-Jul-2019

Nigeria - Africa fertilizer financing mechanism (Affm) - Project Summary

The Africa Fertilizer Financing Mechanism (AFFM) was created in 2006 during the Abuja African Green Revolution summit. However it became operational in 2015, after achieving the initial capital of USD 10 Million. Following the realignment of the AFFM’s Strategy by the Governing Council in June 2018, it was decided that the AFFM focuses on the provision of credit guarantee as a tool for de-risking the financing of fertilizer value chain across the continent in order to reach the Abuja Declaration target of 50kg of fertilizer use per hectare. In regard to this new focus area, a feasibility...
24-Jul-2019

Tunisia - BH BANK (formerly known as Banque de l’Habitat) - Project Summary

Funding of EURO 100 million in the form of a sovereign guaranteed long-term line of credit (LOC) to BH Bank of Tunisia to fund borrowers, particularly small and medium-sized enterprises (SMEs) and corporates, in the health, construction (social housing), industry and renewable energy sectors.
24-Jul-2019

Multinational - Comesa regional trade & project finance support facility - Project Summary

Eastern and Southern African Trade & Development Bank (TDB). The COMESA regional trade and project finance package of $300 million consists of a composite funded trade finance and project finance facility, and an unfunded trade finance risk participation agreement (RPA). This comes on the heels of the African Continental Free Trade Area (AfCFTA) agreement, which came into force in July 2019; and the Bank’s partnership framework featuring African DFIs, including the TDB, which committed to working together to scale up, speed up, and synergise African development.
22-Jul-2019

Multinational - Distributed Energy Service Companies (DESCOs) - Project Summary

25-Jun-2019

Multinational - Uhuru Growth Fund I – Project Summary

Uhuru Growth Fund I is a first generation fund sponsored by Uhuru Partners Limited to invest in high growth middle market businesses across West Africa, with a core emphasis on Nigeria, Ghana and Cote d’Ivoire. The Fund will focus on making investments in the consumer and financial services sectors.
21-Jun-2019

Project Summary Note - Kenya Mortgage Refinance Company (KMRC) – Kenya

Provision of a long-term facility of up to EUR 90mln in the form of a sovereign loan to the Government of Kenya (“GoK”) for on-lending to Kenya Mortgage Refinance Company (KMRC) as a Senior Loan of up to EUR 72 mln and a Subordinated loan of up to EUR 18 mln.The funds from the AfDB will support the GoK endeavors to operationalize KMRC. KMRC will engage in mortgage refinancing through local financial institutions including commercial banks, and Savings and Credit Cooperative Organizations (SACCOS) altogether referred to as Primary Mortgage Lenders (PMLs). It will finance itself in the medium...
13-Jun-2019

Multinational - Strengthening transboundary cooperation and integrated natural resources management in the Songwe river basin - Project Summary

The Songwe River Basin(SRB)covers an estimated area of 4,200 km2 and is part of the wider Zambezi River basin. The river forms part of the formal border between Malawi and mainland Tanzania.Increasing competition for space, water and natural resources is degrading the Songwe River Basin. Both riparian countries ratified in 2017 the convention creating the Songwe River Basin Commission (SRBC) to sustainably manage the basin natural resources and implement the Songwe River Basin Development Programme (SRBDP). The ‘Strengthening transboundary cooperation and integrated natural resource...
12-Jun-2019

Project Summary Note - African Agriculture Impact Investment Ltd

The project aims to leverage the AfDB’s Partial Credit Guarantee (PCG) to catalyze the deployment of international pension and asset management funds (the Pension Funds) into Africa’s agriculture sector in line with the Bank’s Feed Africa strategic priority. This will be achieved by using the PCG to back agri-linked notes (the Notes) of up to EUR 100M to be issued by a structured finance company. The proceeds of the Notes together with two other pools of assets worth about USD 75M will be pooled in a Special Purpose Vehicle (SPV) to create a capital pool for ultimate investment in a...
11-Jun-2019

Project Summary Note - Adiwale fund I – Multinational

Equity investment in Adiwale Fund1  (“AF1”or“theFund”), a first generation private equity fund which will invest in high growth potential SMEs in Francophone West Africa(FWA). The Fund will target three key sectors:consumers (consumer goods & services,education and health); business services( transport, logistics, IT, internet services, construction-related services)and manufacturing (pharmaceuticals, agri-processing, chemicals, etc.).AF1’s geographical focus will be on a hand ful of countries where economic prospects, and the Fund’s networks,result in opportunities. Primary target...
11-Jun-2019

Malawi - Additional financing : sustainable rural water and sanitation infrastructure for improved health and livelihoods project - Project Summary

The African Development Fund (ADF), Nigeria Trust Fund (NTF)and Rural Water Supply and Sanitation Initiative ( RWSSI ) Trust Fund financing totalling UA 23.1million to Malawi to finance the Sustainable Rural Water and Sanitation Infrastructure for Improved Health and Livelihoods Project ( SRWSIHLP ) was approved on 30 th April 2014 and the Loan and Grant Protocol Agreements signed on 21 st October 2014. In support of improving the climate resilience of the project, on 13 th February 2017 the Global Environmental Facility (GEF) approved Least Developed Country Fund (LDCF)grant with the aim to...