News & Events
13/02/2018 - With the aim of focusing the extractive industry’s attention on gender diversity, the African Legal Support Facility (ALSF), Adam Smith International, and International Women in Mining (IWIM) organized a high-level event on the margins of the African Mining Indaba 2018.
13/02/2018 - The African Development Bank and the Lesotho Chamber of Commerce and Industry (LCCI) signed a Fund for African Private Sector Assistance (FAPA) grant agreement of US $915,000 to finance the Economic Diversification Support Technical Assistance Project.
The agreement was signed by the Bank’s Deputy Director General for the Southern Africa Regional Development and Business Delivery Office (RDGS), Josephine Ngure, and the Lesotho Chamber of Commerce and Industry Chief Executive Officer, Fako Hakane.
13/02/2018 - The African Development Bank Group and the Kingdom of Lesotho have signed a loan agreement for US $7 million to support the country’s Tax Modernization Project.
The project aims to strengthen the effectiveness of tax administration to create fiscal space by expanding the tax base, modernizing collection and compliance procedures. This project is part of the Bank’s continued support to the Government’s policy priorities as guided by the current National Strategic Development Plan (NSDP).
18/01/2018 - The African Development Bank is fully engaged in ensuring efficient and sustainable agricultural production projects in its regional member countries. This can drive economic growth and poverty reduction as well as fulfil both domestic and global demand for agricultural products.
21/12/2017 - The Board of Directors of the African Development Bank has approved an equity investment of US $15 million in Catalyst Fund II, a second-generation private equity fund investing in mid-market companies in East Africa.
20/12/2017 - “The expansion of the Dondo substation will not just light up households and family units. It will also power the industrial growth of the Sofala and Manica provinces, creating more dynamic markets for agricultural commodities and ultimately contribute to job creation and the economic growth of the country,” Filipe Nyusi, President of the Republic of Mozambique said at the commissioning ceremony of the Electricity IV Project at Dondo District in Mozambique.
20/12/2017 - The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project.
The Bank will support the project with US $ 300 million from its Private Sector Window.
13/12/2017 - To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of ZAR 2,000 million (US$ 153 million) to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country. The support will also finance the upgrade of a section of the road from the capital, Windhoek, to its international airport.
11/12/2017 - Thousands of small and medium enterprises in Mauritius will benefit from a US $100-million loan to the country from the African Development Bank.
The Bank approved the loan through its public sector window to MauBank Holdings Ltd. in Mauritius to expand its SME business across sectors and foster private sector investments in a wide range of sectors, such as manufacturing, trade, agriculture, aquaculture, ICT and transport. The facility will promote inclusive growth in the country.
06/12/2017 - The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved US $ 985,000 to Parque Eólico da Namaacha S.A SPV, to support project preparation activities for a utility-scale wind farm project in Mozambique.