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01-Dec-2004 - Since its incorporation, KCB has emerged as the largest bank in Kenya's financial sector. The KCB Group has the widest network of outlets in the country, comprising 113 full-time branches and 35 satellite branches representing over 55% of the total banking outlets in Kenya. Of these, 80% are located the rural areas, with representation in all administrative districts. All branches provide a comprehensive range of Retail, Personal, and Corporate banking as well as other financial services. KCB also established a network of over 400...
01-Dec-2004 - The Transport Sector Reform Programme (TSRP), which funding was today approved by the ADB with a budget support loan of 240 million euros (about 2.7 billion dirhams), aims at improving the contribution of the transport sector to the national economy by liberalizing the market and reducing transport costs.
Signature d’un accord de don du Fonds africain de développement : Renforcement de la lutte contre le VIH/SIDA au Mali30-Nov-2004 - M. Théodore Nkodo, vice-président du Groupe de la Banque africaine de développement pour les opérations Nord, Est et Sud, et M. Boubacar Gaoussou Diarra, ambassadeur du Mali à Tunis, ont signé l’accord de don. Le montant de ce don, 8,3 millions d’unités de compte (6,4 millions de FCFA), contribuera à réduire le taux de séroprévalence par l’amélioration des services de dépistage, la mise à disposition des antiviraux aux malades du SIDA.
30-Nov-2004 - Ces trois accords, dont le montant total s’élève à 11,88 millions d’unités de compte (17,81 millions de dollars EU), financeront le projet d’électrification rurale dans la région de Louga et le projet multinational de lutte contre la prolifération des plantes aquatiques en Afrique de l’Ouest. Ces trois accords ont été signés par M. Théodore Nkodo, vice-président du Groupe de la Banque africaine de développement pour les opérations Nord, Est et Sud, et par M. Abdourahmane Sow, ambassadeur du Sénégal à Tunis.
Le Fad soutient la réduction de la pauvreté en milieu rural et l’amélioration des voies de transport au Bénin..29-Nov-2004 - Le vice-président pour les opérations des régions Centre et Ouest du Groupe de la Banque africaine de développement (BAD), M. Bisi Ogunjobi, et M. Grégoire Laourou, ministre des Finances et de l’économie du Bénin ont signé, à Tunis aujourd’hui, trois accords de prêt pour un montant total de 19,78 millions d’unités de compte (29, 6 millions de dollars EU). Ces accords concernent deux projets nationaux: un projet de réhabilitation de la route Pobé-Kétou-Illara et un projet d’alimentation en eau potable et d’assainissement en milieu rural.
Framework for Implementation of Capital Adequacy Standards and Good Corporate Governance in African Banks29-Nov-2004 - The Bank organized this workshop to facilitate a discussion on the issues and options among African bank supervisors, officials from other financial institutions and with international experts. The workshop was organized in collaboration with the Association of African Central Banks and the African Peer Review Mechanism (APRM) Secretariat in Johannesburg, Republic of South Africa. The Federal Reserve Bank of New York and the Financial Stability Institute of Basel provided technical support to the workshop.
24-Nov-2004 - The project aims to reduce transport costs by improving the capacity of paved roads and reducing their width constraints in order to promote the development of intra- and inter-regional trade. The ADB loan will enable the rehabilitation works of 1,256 km of roads of the classified network and the widening of the roads to 7,60 m or more. Monitoring capacity of the road network and supervision of maintenance works will also be strengthened.
24-Nov-2004 - The Board of Directors of the ADF approved in Tunis on Wednesday, a grant of 790,000 Units of Account (UA*); equivalent to 1.2 million US dollars to finance Institutional Support to the Ministry of Finance and Development Planning (MOFDP) and the Ministry of Public Works and Transport (MOPWT).
ADF / Tanzania: District Agriculture Sector Investment Project : Increases income of 500,000 rural households24-Nov-2004 - The ADF today approved the funding of the District Agriculture Sector Investment Project with a loan of 36 million Units of Account (US$ 54 million or 56 billion Tanzanian Shillings) and a grant of 7 million Units of Account (US$ 10.5 million or TZS 11 billion).
24-Nov-2004 - The loan of 56.2 million Units of Account (UA*), equivalent to 66.5 million euros, will be used to help improve the living conditions of the population by providing them with drinking water and wastewater treatment facilities. The project aims at ensuring sustainable supply of drinking water to several towns and cities, to the new tourist and port complexes. It will improve access to drinking water in rural areas that are not on the supply network as well as improve hygiene.
24-Nov-2004 - The ADF grant (6 million Units of Account or US$ 9 million) seeks to stem HIV/AIDS/STI transmission in and amongst the IOC member states. The Support Project to the Regional Initiative for HIV/AIDS/STI Control in IOC Member Countries will target the migrant populations (migrant/seasonal workers, tourists, seafarers…) that move from island to island, along with the local populations with which they come into contact at ports, tourist locations and hotels…
24-Nov-2004 - The objective of the project is to improve the quality of life and enhance national economic development by ensuring sustainable management of the country’s water resources and provision of adequate water for all. This will enhance the standard of living and promote development in the seven small towns that will benefit from the project. The project involves the provision of adequate water supply and sanitation to the towns concerned, solid waste management, storm water drainage and community mobilization and health education
23-Nov-2004 - The NEPAD's Heads of States and Governments Implementation Committee (HSGIC) meets on a regular basis to assess progress in NEPAD. The Bank participates in these meetings, as a core NEPAD stakeholder and technical adviser. During the XIIth Summit, held in Algiers, the Bank's President made an intervention. In addition, a report was prepared by the Bank for the Summit.
22-Nov-2004 - The African Development Bank in conjunction with four partner institutions: the Southern African Development Community- Development Finance Resource Centre (SADC-DFRC), the Joint Africa Institute (JAI), the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC) organized the SADC-Development Finance Institutions Risk Management Training Seminar in Cape Town from November 15 to 19, 2004.
18-Nov-2004 - Launching of Axle-load Control on Bamako-Ouagadougou-Accra Corridor Tunis, 18 November 2004. Burkina Faso, Ghana and Mali will launch on 18 December an axle-load control system along the road corridor linking their capitals, within the framework of Road Programme 1 (RP1) financed by the African Development Fund (ADF), with other donors. The decision to implement the Axle-Load Control Programme along the Bamako-Ouagadougou-Accra road corridor was taken by the ministers of transport of the three countries at the close of their meeting on 24...
17-Nov-2004 - The three operations amounting to 36.66 million Units of Account (UA*), equivalent to 54.95 million US dollars will finance the Inland Lakes Integrated Development and Management Support Project (PAIGELAC) and the Poverty Reduction Strategy Support Loan phase 1. The agreements were signed by Mr. Bisi Ogunjobi, the ADB Group Vice President for West and Central Operations and Mrs. Monique Nsanzabaganwa, Secretary of State in charge of economic Planning of Rwanda.
09-Nov-2004 - Tanzanian President Benjamin M’Kapa today opened the second Africa Workshop on Harmonization, Alignment and Managing for Results, urging participants to intensify the coordination and harmonization of their activities in order to accelerate development and poverty reduction, and facilitate the attainment of the Millennium Development Goals (MDGs).
02-Nov-2004 - Enter your complete press release here..
27-Oct-2004 - The intervention comes in the form of a loan of 8 million Units of Account (US$ 11.8 million) approved today by the ADB Group. The fund will enable the ADF to immediately resume lending operations to the country. The new ADB Group assistance to post-conflict countries was approved on 19 July 2004.
27-Oct-2004 - The support will come in the form of a loan of 21.9 million Units of Account (UA*), equivalent to 32.17 million US dollars, from the African Development Fund (ADF), the concessional window of the ADB, approved by its Board of Directors in Tunis on Wednesday. The government estimates that poverty currently affects 60% of the population. With the support of the ADB Group, the country achieved a two-digit growth rate between 1995-1997, and maintained an annual growth rate of 7.7% up to 2002, to overcome a 50% economic decline caused by the 1994...