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AfDB Approves US$ 22.77 Million Debt Relief for The Gambia, endorses AfDB-World Bank Joint Assistance Strategy

26-Mar-2005 - Tunis, 26  March 2008 – The Board of Directors of the African Development Fund (ADF), on Wednesday in Tunis approved debt relief of  US$ 22.77 million in nominal terms for The Gambia, from January 2001 to July 2013, following the country’s qualification for the enhanced Highly Indebted Poor Countries Initiative (HIPC).

AfDB to Host Great Lake Region’s Special Fund for Reconstruction and Development

26-Mar-2005 - Tunis, 26  March 2008 – The Board of Directors of the African Development Fund (ADF) on Wednesday in Tunis approved a proposal for the Bank Group to administer and manage resources for a special fund set up for the reconstruction and development of the Great Lakes Region (SFRD). The request will be submitted to the Bank Group’s Board of Governors for final approval.

As International Community Observes World Water Day: The AfDB Reaffirms Commitment to Water Development

23-Mar-2005 - The statement noted that despite the central role water plays in national development and poverty reduction, the water sector in Africa is severely underdeveloped, with only 3% of the total renewable water resources exploited for water supply, agriculture and industrial use each year. As a result, nearly 50%, or over 300 million mostly poor people living in rural, peri-urban and urban areas, do not have access to safe water supply and adequate sanitation facilities.

AfDB supports Agricultural Development in Mauritius

16-Mar-2005 - The Board of Directors of the ADB Group approved on Wednesday in Tunis, a loan of 7.74 million Units of Account (UA*), equivalent to US$ 11.77 million to finance the Northern Plains Irrigation Project. The project will ensure the construction of irrigation systems in the northern region of the country, which accounts for 20% of the national sugar cane production and 25% of the food crops.

AfDB Approves Comprehensive Financial Package for PTA Bank

12-Mar-2005 - Tunis, 12 March 2008 – The Board of Directors of the African Development Bank (AfDB), through its private sector window, has approved a line of credit of US$ 50 million and an equity capital increase of US$ 6.8 million (payable) as well as US$ 40.8 million (callable) to support the Eastern and Southern African Trade and Development Bank, commonly known as the Preferential Trade Area or "PTA" Bank.

Etude d’électrification multinationale : Le Fad soutient l’intégration régionale dans le domaine de l’énergie en Afrique de l’Ouest

11-Mar-2005 - Le vice président par intérim pour les opérations Centre et Ouest du Groupe de la Bad, M. Jaouad Mohammed Gharbi, et le Secrétaire exécutif de l’Oganisation pour la mise en valeur du fleuve Gambie (OMVG), M. Mamadou Nassirou Diallou, ont signé à Tunis, un accord de don de 3,45 millions d’unités de compte (UC)* (5,20 millions de dollars EU), pour financer une étude hydro-électrique au profit des pays membres de l’OMVG.

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 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.

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 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.