Loans & Grants

Displaying 85 - 96 of 1572

African Development Bank approves $100 million facility to enhance trade financing across Africa

29-Nov-2018 - 29-Nov-2018 - The Board of Directors of the African Development Bank Group (the Bank), on Thursday, 29 November, 2018, approved a second unfunded $100-million Risk Participation Agreement (RPA II) facility for First Rand Bank Ltd (FRB).  Housed under the Trade Finance operations of the Bank, this facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in transition states and low-income countries (LICs) across Africa.  It is estimated that the facility, when fully utilized,...

African Development Bank loan to extend safe water supply and sanitation to Manzini Region in eSwatini

29-Nov-2018 - 29-Nov-2018 - The Board of Directors has approved a ZAR 720 million loan to finance the Manzini Region Water Supply and Sanitation Project in eSwatini (former Swaziland). The project aims to expand access to adequate water and sanitation services for all citizens and to contribute to economic development and poverty alleviation in Eswatini. The Manzini region is the most populous region in eSwatini, but it is beset by inadequate water supply and poor sanitation services. Only 22% of the population receive reliable water...

COP24: Progress on Article 6 of the Paris Agreement

29-Nov-2018 - 29-Nov-2018 - The Paris Climate Agreement in 2015 was by far the most ambitious effort yet made to strengthen the global response to the increasingly urgent challenges of climate change, with headline commitments to limiting global warming to below 2°C above pre-industrial levels and to make efforts to limit the temperature increase to 1.5 °C. However, the agreement went far wider and deeper then these headlines.  It also introduced nationally determined contributions (NDCs), to be submitted regularly to the United Nations...

Senegal: African Development Bank Group approves € 51.26 million loan for Malicounda Dual Fuel power plant

29-Nov-2018 - 29-Nov-2018 - The Board of Directors of the African Development Bank Group has approved a €51.26 million senior loan to finance a 120MW dual-fuel combined cycle power plant in Malicounda, Senegal. The Bank, acting as Mandated Lead Arranger, will further mobilize additional resources from DFIs to meet the required debt portion of the transaction. Located about 85km from Dakar, the project will help the Government of Senegal increase the base load needed to strengthen grid stability, and facilitate addition of more renewables...

African Development Bank approves US$50 million equity investment in Africa Finance Corporation to support infrastructure projects in Africa

29-Nov-2018 - 29-Nov-2018 - The African Development Bank has approved an equity investment of US$50 million in Africa Finance Corporation (AFC) − a pan-African development finance institution established in 2007.  This equity investment aims to foster strategic partnerships with a certain number of African DFIs that have a comparative advantage at regional or sub-regional levels in certain strategic sectors. By so doing, the Bank will accelerate and deepen co-financing opportunities, joint implementation and knowledge sharing for the...

Niger : 28 millions de dollars de la Banque africaine de développement en soutien aux réformes économiques

28-Nov-2018 - 28-Nov-2018 - Satisfait des résultats de la mise en œuvre de la première phase du Programme d’appui aux réformes et à la résilience économique (PARRE) au Niger, le Conseil d’administration de la Banque africaine de développement a accordé, le mardi 27 novembre 2018, une nouvelle assistance financière de 28 millions de dollars, répartie en un prêt du Fonds africain de développement de 14 millions de dollars et un don de la Facilité d’appui à la transition (FAT) du même montant, afin de financer la deuxième phase du programme....

Cameroon: African Development Bank approves €17.96 million Ring-Road project to improve socio-economic growth in the North-West province

28-Nov-2018 - 28-Nov-2018 - The African Development Bank has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country. The Ring Road project, which falls under phase three of the country’s Transport Sector Support Programme, aims to improve the movement of goods and people. It will also strengthen the foundations for strong and sustainable growth by promoting domestic and regional trade. The loan for the 365 km Ring Road is the Bank’s third...

African Development Bank supports entrepreneurship in transition states through equity investment in Trade and Development Bank

27-Nov-2018 - 27-Nov-2018 - The Board of Directors of the African Development Bank has approved an additional equity investment of US$ 25 million in Trade and Development Bank (TDB) to enhance the latter’s trade, finance and infrastructure investment operations. The investment will help expand Trade and Development Bank’s diverse socio-economic development interventions in countries in situations of fragility including Burundi, Comoros, Democratic Republic of Congo, Somalia and Sudan. The additional investment will also help strengthen and...

Gabon : Un renfort de 100 millions d’euros de la Banque africaine de développement pour consolider les réformes économiques du pays

27-Nov-2018 - 27-Nov-2018 - Au cours des années 2016 et 2017, la Banque africaine de développement a accordé deux appuis budgétaires au Gabon, pour soutenir les réformes du pays destinées à rétablir sa stabilité macroéconomique après l’effondrement des cours du pétrole et à redresser ses finances. Cependant, le retour à l’équilibre tarde, et la persistance des déficits budgétaires en 2018 a conduit les autorités gabonaises à solliciter un appui complémentaire. Aussi, le jeudi 22 novembre 2018, à Abidjan, le Conseil d’administration de la...

Niger : Le DSP 2018-2022 approuvé pour consolider et amplifier les progrès en matière de développement socio-économique

23-Nov-2018 - 23-Nov-2018 - Le Niger a accompli des progrès encourageants durant la période 2012-2017 en matière de développement socio-économique, s’est félicité le Conseil d’administration de la Banque africaine de développement. Afin de consolider et amplifier ces acquis, les administrateurs ont approuvé le jeudi 22 novembre 2018, le Document de stratégie-pays (DSP) pour la période 2018-2022. Le principal objectif assigné au nouveau DSP est de renforcer la résilience et d’accélérer la croissance de l’économie nigérienne en vue d’...

African Development Fund approves US$322 million for road upgrading project in Burundi and Tanzania

22-Nov-2018 - 22-Nov-2018 - The Boards of Directors of the African Development Bank Group have approved US$322.35 million loans and grant to Burundi and Tanzania to finance the Rumonge-Gitaza (45 km) and Kabingo-Kasulu-Manyovu (260 km) road upgrading project. The project aims at strengthening regional integration and trade in the East African Community, particularly between Tanzania and Burundi through improved cross-border transport and is part of the East African roads network  linking the Port of Dar es Salaam to the regional markets in...

African Development Bank marks Toilet Day with US$500 million commitment to new sanitation funding

21-Nov-2018 - 21-Nov-2018 - As the African Development Bank joined the international community to observe World Toilet Day on November 19, the organization is putting considerable financial muscle into the global effort to improve toilets, and sanitation in general. The Bank partnered with the Bill and Melinda Gates Foundation and other multilateral development institutions in Beijing, 6-8 November in what was billed as the Reinvented Toilet Expo (RTE), a global search for more sanitary, healthier, and even lucrative solutions to the...