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Accelerating the Implementation of NEPAD

07-Mar-2005 - The summit, which took place in Abuja, Nigeria, discussed broadly the question of accelerating the implementation of the NEPAD Short Term Action Plan (STAP) for infrastructure. In particular, the summit offered two days of intensive brainstorming on which mechanisms would be best suited to build capacity at the Regional Economic Communities (RECs) level. The summit The participants agreed on key critical interventions and measures to ensure the success of the STAP initiative.

African Virtual University: ADF Promotes Access to Quality Education in Africa

07-Mar-2005 - The Acting Vice President for the North, South and East operations of the AfDB Group, Mrs. Zeinab El Bakri, and the African Virtual University (AVU) Chief of Education, Mr. Peter Dzvimbo Kuzvinetsa, signed today in Tunis a grant agreement of 5.00 million Units of Account (UA*), equivalent to 7.66 million.

AfDB and DFID to Collaborate in Promoting Growth and Poverty Reduction in Africa

04-Mar-2005 - The focus of the MOU, which followed several years of informal partnership, is field level collaboration between the Bank and DFID in the following areas:

ADF supports Good Governance enhancement in Malawi

04-Mar-2005 - Enter your complete press release hereThe African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group will support the Good Governance programmes in Malawi. The Acting Vice President for the North, South and East operations of the ADB Group, Mrs. Zeinab El Bakri, and the Malawi Ambassador to Egypt, Mr.Yahya M’Madi, signed today in Tunis a loan agreement for the Support to Good Governance Program. The Bank Group’s contribution for the financing of this project amounts to 12 million Units of Account (UA...

AfDB Group Earmarks More Funds for NEPAD: Focus on infrastructure development to accelerate African integration

04-Mar-2005 - Tunis, 4 March 2005 – The African Development Bank (AfDB) Group has earmarked more than 500 million US dollars in 2005 for the financing of new projects within the framework of the New Partnership for Africa’s Development, (NEPAD). The proposed funding is in line with the Bank’s efforts to accelerate the development of sub-regional and regional infrastructure, which, along with banking and financial standards within the APRM framework, constitute two key areas in which the ADB has been assigned a leadership role under NEPAD.

Le FAD s’attelle à l’éradication de la mouche tsé-tsé au Mali

03-Mar-2005 - Le Vice-président pour les opérations Centre et Ouest du Groupe de la Banque africaine développement (Bad), M. Bisi Ogunjobi, et l’Ambassadeur de la République du Mali en Tunisie, ont signé à Tunis, l’accord de prêt pour financer le projet multinational de création de zones libérées de la mouche tsé-tsé et de la trypanosomiase (T & T) en Afrique de l’Est et de l’Ouest. Le Fad accorde au Mali un financement équivalent à 5,930 millions d’Unités de Compte (UC*) soit 9 millions de dollars EU.

AfDB Group Annual Meetings in Abuja: Election of President on the Agenda

03-Mar-2005 - A major item on the agenda of the 40th Annual Meetings of the Bank and the 31st Meetings of the African Development Fund (ADF) will be the election of the 8th President of the Bank Group for a five-year mandate. The elected President will replace Mr. Omar Kabbaj who has led the institution for ten years.

Madagascar Obtains Debt Relief from the AfDB: Reaches Completion Point in HIPC Initiative

02-Mar-2005 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 80 million in nominal terms to the country, with effect from December 2001. The debt relief will be provided by releasing Madagascar from up to 80 percent of its debt service obligations to the Bank Group each year, until the entire amount is delivered sometime in early 2013.

Building Economic Management Capacity in Guinea Bissau: ADF to fund planning, data management and integration activities

02-Mar-2005 - The grant will contribute to the improvement of strategic planning, public investments programming, and project aid coordination within the framework of the country’s Poverty Reduction Strategy Paper (PRSP), thereby enhancing the national statistical system and integration of the country into the West African Economic and Monetary Union (UEMOA) (1)

ADF contributes to Education Sector Development in Eritrea

02-Mar-2005 - The Acting Vice President for the North, South and East operations of the ADB Group, Mrs. Zeinab El Bakri, and the Minister of National Development of Eritrea, Dr. Woldai Futur, signed today in Tunis a loan and grant agreement for the Support to Education Sector Development Program. The Bank Group’s contribution for the financing of this projects amounts to a loan of 13.6 million Units of Account (UA*), equivalent to 20.8 million US dollars, and a grant of UA 5.03 million, equivalent to US$ 7.7 million.

Le FAD encourage la reprise du secteur agricole en Sierra Leone

02-Mar-2005 - Le conseil d’administration du FAD a approuvé l’octroi d’un prêt de 15, 53 millions de dollars EU soit l’équivalent de 10 millions d’UC* et d’un don de 3,10 millions de $EU (2 millions d’UC) pour financer le projet de réhabilitation du secteur agricole (ASREP) Dans l’objectif d’accroître la production agricole et d’améliorer les revenus des agriculteurs, le projet comporte les trois volets suivants:

The ADF finances a national study on Rural Water Supply and Sanitation in Burkina Faso

02-Mar-2005 - The study will contribute to meeting drinking water and sanitation needs in a sustainable manner so as to improve the socio-economic and health conditions of the rural population with the implementation of the DWSS programme.

Senior Management Appointments: President Stresses Competence, Youth and Diversity

02-Mar-2005 - Tunis, 1 March 2005 – The President of the African Development Bank (AfDB) Group, Mr. Donald Kaberuka, has announced the appointments of four new Vice Presidents and the Secretary General of the institution. The appointments came at the end of a competitive, global search process that involved some 500 candidates from around the world.

A Boost to the Nigerian Financial Sector US $ 70 Million Line of Credit to Zenith Bank by the AfDB

02-Mar-2005 - The Line of Credit to Zenith will be used for on lending to its corporate clients, including SMEs through long-term project finance. The AfDB resources will mainly be used to support enterprise expansion and rehabilitation projects, with strong foreign currency income streams. The LOC will cover asset based financing in the manufacturing, agribusiness, transportation, telecommunication, energy, and tourism sectors, amongst others.

AfDB Finances a Solar Thermal Power Station Project

02-Mar-2005 - It seeks to extend electric power generation facilities and develop renewable forms of energy. The specific objectives are to contribute to ensuring steady supply of electricity to the country, diversifying energy sources and reducing greenhouse gas emissions. It will help raise the installed production capacity of the national electricity authority (ONE) from 200 to 250 MW and to inject about 1,590 GWh into the interconnected system, including 55 GWh from solar energy.

AfDB raises awareness on sustainable energy development: Unveils New Working Plan for Africa

25-Feb-2005 - The overall goal of this workshop was to consult AfDB’s member countries and other key stakeholders in the energy sector on strategies to promote sustainable energy services in Africa with a special focus on assessing their technical assistance and training needs in order to develop appropriate interventions.

7 to seek AfDB Presidency: Steering Committee of Board of Governors Approves List of Candidates

16-Feb-2005 - Tunis, 16 February 2005 – Seven candidates will be running for the office of President of the African Development Bank (AfDB) Group.

ADF promotes Good Governance, Agriculture Development and Economic Integration in Tanzania

12-Feb-2005 - Tunis, 12 February 2005 – The African Development Fund (ADF), the concessional window of the African Development Bank Group (ADB) supports good governance enhancement, agricultural sector development and regional integration in Tanzania.

Le Président Kabbaj au Sommet de la CEMAC

11-Feb-2005 - Libreville, 11 février 2005 - A l’invitation de Son Excellence Omar Bongo, Président de la République gabonaise et Président en exercice de la Communauté économique et monétaire d’Afrique centrale (CEMAC), le Président Omar Kabbaj a participé aux travaux de la 6ème Session ordinaire du Conseils des Chefs d’Etat de la CEMAC. A l’ouverture des travaux, il a prononcé un discours dans lequel il a souligné les bonnes performances réalisées par la sous région.

Signature d’accords de financement entre la Bad et le Royaume du Maroc : Près de 5 milliards de dirhams pour le Maroc

07-Feb-2005 - A cette occasion, le président de la Bad, M. Omar Kabbaj, a rappelé que les « approbations cumulées de la Bad au profit du Maroc s’élèvent à ce jour à 6 milliards de $ [environ 50 milliards de dirhams], pour le financement de 79 opérations ». « Un niveau d’engagement, a apprécié le président Kabbaj, qui constitue un indicateur éloquent du dynamisme et de l’exemplarité de la coopération entre la Banque et le Royaume du Maroc, de la convergence des efforts et des attentes pour le développement national. »