Loans & Grants
Displaying 1 - 20 of 1821
African Development Bank Group, Lake Chad Basin Commission sign MOU to restore Lake Chad Basin
20-Feb-2024 - The African Development Bank Group and the Lake Chad Basin Commission have signed a Memorandum of Understanding to rehabilitate and restore the Lake Chad Basin. The agreement, signed on the sidelines of the 37th African Union Summit held in Ethiopia, will mobilise financial and technical resources to improve the development and management of water resources, support livelihoods and restore peace in the region.
Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects
28-Jan-2024 - On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa. The European Union’s contribution to co-finance operations with the African Development Bank has significantly increased over the last two years, now amounting to €972 million in blending operations and guarantees. This figure will further increase after the signing of the new Financial Framework...
African Development Bank approves a US$ 175 million facility for United Bank for Africa (UBA) to support private sector and infrastructure development.
15-Dec-2023 - The Board of Directors of the African Development Bank Group today approved a $175 million financial package for United Bank for Africa (UBA), comprising $100 million in long-term senior debt, $50 million of trade finance medium-term senior debt and a $25 million risk participation program.
Cameroon: African Development Bank grants a loan of EUR 74 million for electricity sector reforms to facilitate universal access to power
15-Dec-2023 - The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries,...
African Development Bank approves $66 million loan for equity enhancement of Tanzania Agricultural Development Bank
08-Dec-2023 - African Development Bank support will give to agricultural sector and value chain entrepreneurs greater access to the financial and non-financial services of the Tanzanian Agricultural Development Bank (TADB).
Cameroon: African Development Bank Group loans over EUR 73 million for construction of a bridge over the River Ntem between Campo (Cameroon) and Rio Campo (Equatorial Guinea)
30-Nov-2023 - The Board of Directors of the African Development Bank Group on 29 November 2023 granted financial support of EUR 73.44 million to Cameroon for the construction of a bridge over the River Ntem, which forms a natural boundary with Equatorial Guinea. The bridge building is part of the Regional Trade and Transport Facilitation Project for the economic corridor between Cameroon, Equatorial Guinea and Gabon.
Chad: the African Development Bank approves a donation of over EUR 34 million to improve water and sanitation
22-Nov-2023 - Phase II of the Semi-urban and Rural Drinking Water Supply and Sanitation Programme in 11 regions of Chad aims to build on the achievements of Phase I.
Somalia: African Development Bank Group approves $13.3 million grant to help improve domestic revenue mobilisation and public expenditure management
04-Oct-2023 - The Board of Directors of the African Development Bank Group on 2 October 2023 approved a grant of $13.29 million to Somalia to help improve domestic revenue mobilization and public expenditure management under the Institutional Support for Economic Governance Project.
The African Development Bank and the Government of Morocco sign MoU to hold 2023 Africa Investment Forum Market Days in Marrakech
08-Sep-2023 - The 2023 edition of the Africa Investment Forum (AIF) Market Days has officially been launched in Morocco. The continent’s main investment market, the event, which aims to unleash Africa's value chains will be held from 8-10 November in Marrakech. The Secretary General of the African Development Bank Group, Vincent Nmehielle, and Morocco's Minister of Economy and Finance, Nadia Fettah Alaoui, in the presence of the Senior Director of the Africa Investment Forum (AIF), Chinelo Anohu, today signed the memorandum of understanding.
Central African Republic: the African Development Bank Group donates €12.62 million to support workplace reintegration for communities affected by the political and military crisis
07-Sep-2023 - Funding Approval date: 6 September 2023. Project name: Support Programme for Reconstruction of Grassroots Communities, phase 2 (PARCB-2). Amount: donation of €12.62 million from the Transition Support Facility. Joint funding in parallel with the United Nations Development Programme (UNDP): US$5 million.
Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production
16-Aug-2023 - The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General for East Africa, Abdul Kamara, signed the grant agreement on 2 August 2023 for the implementation of the country’s Climate Resilient Wheat Value Chain Development Project (CREW).
Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, digitization and market access
10-Aug-2023 - The African Development Bank Group signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country. The Bank’s Country Manager in Guinea, Léandre Bassolé and the Guinean Minister of the Economy and Finance, Moussa Cissé, signed the agreement in Conakry on 3 August 2023. The Minister of Planning and International Cooperation, Rose Pola Pricemou and the Minister of Agriculture and Livestock Farming, Mamoudou Nagnalen Barry,...
African Development Fund approves $16 million for Youth Entrepreneurship Investment Bank in Liberia
20-Jul-2023 - In an exciting move to unleash the business potential of young Liberians, the Board of Directors of the African Development Fund (ADF) has given the green light for the creation of a Youth Entrepreneurship Investment Bank (YEIB) in the West African country. Approximately $16 million has been allocated to finance this strategic initiative, which targets youth-led micro, small, and medium enterprises in Liberia’s burgeoning agribusiness and allied sectors.
Kenya: African Development Bank Group Board okays funds to support women and youth in agribusiness
26-Jun-2023 - The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya. The funding, approved on June 6, 2023, was provided by the European Union (EU) under its partnership with the African Development Bank Group.
Tanzania: The African Development Bank provides a USD 2 million partial credit guarantee and a USD 528,600 grant to facilitate access to fertilizer for smallholder farmers
30-May-2023 - The partial credit guarantee will enable the African Fertiliser and Agro-Industry Partnership (AFAP) to provide fertilisers to 550,000 smallholder farmers in Tanzania through suppliers and major distributors.
Eritrea: The African Development Bank Board approves US$49.92 million to Build a 30 MW Solar Photovoltaic Power Plant in Dekemhare
06-Apr-2023 - Financing Approval date 1 March 2023 Project name: Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea. Amount: US$ 49.92 million grant comprising US$ 19.5 million from the African Development Fund (ADF-15) and US$ 30.42 million from the Transition Support Facility (TSF). Objectives
African Development Bank approves $147 million in subordinated debt to the Mauritius Commercial Bank to bolster capital base and drive loan portfolio growth
29-Mar-2023 - The Board of the African Development Bank Group has approved $147 million in subordinated debt to the Mauritius Commercial Bank Ltd (MCB) to enhance its capital base and mobilize loan growth in the renewables, manufacturing healthcare and other sectors, including SMEs. The debt will take the form of a Basel III Tier 2 compliant bond to be issued by MCB, a leading African financial institution and one of five banks classified as a Domestic Systematically Important Bank (DSIB) by Mauritius’ central bank.
African Development Bank signs €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to support water resources development in northern Nigeria
23-Mar-2023 - The African Development Bank has signed a €362,000 grant agreement with Hadejia Jama'are Komadugu Yobe Basin-Trust Fund to prepare additional studies under the second phase of developing a strategic plan for managing water resources in the Komadugu-Yobe Basin in northern Nigeria.
Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant
22-Dec-2022 - The Board of Directors of the African Development Bank Group has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million concessional financing from the Sustainable Energy Fund for Africa (SEFA), a special multi-donor fund managed by the Bank. Additional financing will come from the International Finance Corporation (IFC) of the World Bank Group and the Clean...