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13-Dec-2004 - The Board of Directors of the African Development Fund (ADF) the concessional window of the ADB, approved a loan of 9.81 million Units of Accounts (UA*), equivalent to 15.07 million US dollars, to finance the multi-sector project for socio-economic reinsertion in the country. The project's sector goal is to contribute to the socio-economic insertion of disadvantaged groups by creating jobs through labour-intensive work for building infrastructure and improving access to social services such as health, education and living conditions.
10-Dec-2004 - The AfDB Group Vice President for North, East and South Operations, Mr. Theodore Nkodo, and the Ambassador for Mozambique in Portugal, S.E.M Gregorio Leao Jose, signed a loan agreement in Tunis on Friday, December 10, to finance the second Program of Economic Reform and Good Governance for Poverty Reduction in Mozambique amounting to US$ 50 million (30 million Units of Account).
09-Dec-2004 - The African Development Bank Group Vice President for North, East and South Operations, Mr. Theodore Nkodo, and the Ambassador for Tanzania in Egypt , Mr. Kassim Mwawando, signed, in Tunis on Thursday, December 9, the loan agreement of the Poverty Reduction Support Project amounting to US$ 76.8 million (50 million Units of Account). The project was approved by the ADF Board of Directors on October 27, 2004.
08-Dec-2004 - The government's economic reform programme comprises the following components: reintegrating conflict victims and disadvantaged groups into the economic system; reforming the macroeconomic framework; disengaging the government from the productive sector; and strengthening good governance.
08-Dec-2004 - The project’s global objective is to help put in place development plans and programs in the water resources, energy and transport sectors of the Liptako-Gourma Region with a view to reducing poverty in the region. Its specific objective is to build ALG’s human and technical capacity so as to improve its performance in terms of economic decision-making, good economic governance and poverty reduction.
08-Dec-2004 - The grant of 6 million Units of Account (9 million US dollars) will be used to enhance safe blood transfusion and improve the quality of preventive and curative medication against communicable diseases (HIV/AIDS, sexually transmitted diseases, tuberculosis and hepatitis). The project will comprise the establishment of an operational blood transfusion network; improvement of access to services for the prevention, diagnosis and treatment of communicable diseases. It also includes national capacity building for epidemiological surveillance.
08-Dec-2004 - The Board of Directors of the Fund on Wednesday in Tunis, approved a grant of 5.86 million Units of Account (about 9 million US dollars), to help finance a project aimed at strengthening the national capacity to implement good governance programmes with the ultimate of reducing poverty by half by 2015. The project has three components: - Support to the enhancement of transparency and accountability in public finance management; - Support to the modernisation and enhancement of the legal and judicial environment; - Project management
08-Dec-2004 - This study will examine the problems of development of the fisheries sub-sector and aquaculture. A Development Plan, and a set of appropriate actions aimed at better orientation of future interventions in the sub-sector will also be defined.
08-Dec-2004 - The grant of 33.3 million Units of Account (US$ 50 million or 26 billion FCFA) today approved by the ADB Group will allow for rapid resumption of Bank Group assistance to the country in conjunction with the International Financial Institutions and the Donor community. This intervention lies within the framework of the new ADB Group assistance to post-conflicts countries, approved on 19 July 2004.
08-Dec-2004 - The proposed program aims at enhancing accountability and transparency throughout Malawi’s public sector and supporting targeted legal reforms aimed at improving access to justice, curbing corruption, and accelerating the law reform process. To this end, the loan will help Malawi meet its external financing gap for 2004 towards enabling the Government implements the governance improving measures, which are articulated under the Malawi Poverty Reduction Strategy. The loan program targets reforms in the following two main areas:
Lutte contre la prolifération des plantes aquatiques parasites : Le Fad et la Mauritanie signent un accord de prêt07-Dec-2004 - Le vice-président pour les opérations des régions Ouest et Centre du Groupe de la Banque africaine de développement, M. Bisi Ogunjobi, et l’ambassadeur de la Mauritanie en Tunisie, M. Cheikh Ould Baha, ont signé à Tunis le mardi 7 décembre, un accord de prêt de 1,2 million de dollars EU (809 000 unités de compte) afin de financer le projet multinational degestion intégrée des plantes aquatiques proliférantes en Afrique de l’Ouest.
01-Dec-2004 - La projet vise à désigner Nedbank comme mandataire de la BAD et à lui accorder une délégation de crédits basée sur le partage des risques (RSAL), dont les ressources seront utilisées pour investir dans les projets pertinents remplissant les conditions requises. La RSAL sera utilisée par le mandataire pour accorder des prêts à des emprunteurs identifiés, en vue du financement de sous-projets spécifiques.
01-Dec-2004 - Tunis, 1st December 2004 –The Boards of Directors of the African Development Bank (AfDB) and the African Development Fund (ADF) today agreed that Ghana had effectively met the conditions and reached the completion point under the enhanced framework of the Heavily Indebted Poor Countries (HIPC) Initiative.
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.
01-Dec-2004 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 131 million in net present value (NPV) terms to the country. Ghana will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered sometime in January 2013. In practical terms, its 2004 debt service obligations, for example, will fall from about US$ 25.15 million to about US$ 5.03 million. To reach completion point, the government had to fulfill three key conditions:
01-Dec-2004 - In order to alleviate the Government’s budget constraints, which remains a major problem for the country, the Board of Directors of the African Development Fund (ADF) has approved on 1st December 2004 in Tunis, a loan amounting to 30 million Units of Account (US$ 50 million), to finance the second Programme of Economic Reform and Good Governance for the Reduction of Poverty. (PER-GROP II)
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.