Loans & Grants

Displaying 97 - 108 of 1572

Kenya receives new €235 million loans from African Development Bank to complete Thwake dam

19-Nov-2018 - 19-Nov-2018 - The African Development Bank's Board of Directors has approved two loans worth €235.763 million for the completion of  construction work on Thwake dam on Thwake River in southern Kenya.  This is a strategic water supply project for the large semi-arid area of Makueni County and surrounding regions, including the new technology city of Konza. The loans were approve on 14 November. The package, which was requested by Kenyan authorities, comprises two loans – €192.570 million from the Bank and €43.193 million from...

African Development Bank Group approves US$123 million grant for Ethiopia’s Basic Services Transformation Programme

19-Nov-2018 - 19-Nov-2018 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, has approved additional resources to Ethiopia’s Basic Services Transformation Programme in the form of a US$123- million grant. The Basic Services Transformation Programme Supplementary Financing (BSTP-SF) will be for the fiscal years 2018/19 to 2019/20. The proposed support is consistent with the Ethiopian government’s Growth and Transformation Plan II (GTP II) 2015/16 – 2019/20), with...

African Development Bank to play bigger role in African economies by investing in infrastructure private equity

16-Nov-2018 - 16-Nov-2018 - The Board of Directors of the African Development Bank has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The Fund will focus on acquiring positions of significant influence in roads, airports, rail links, bridges, ports, logistics, power generation, utility...

Board approves €7 million investment in Partech Africa Fund

14-Nov-2018 - 14-Nov-2018 - The African Development Bank’s efforts to channel critical investment funding to Africa’s entrepreneurs received a big boost on Wednesday, 18 October 2018  in Abidjan, where the Bank’s executive directors approved €7 million equity investment in Partech Africa Fund. Partech is a Venture Capital Fund dedicated to investing in tech-enabled, innovative, high growth potential and talented entrepreneurs operating early stage companies and applying relevant technologies to address fundamental market constraints with...

Donors commend NEPAD-IPPF’s operational performances

14-Nov-2018 - 14-Nov-2018 - The 28th NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF) Oversight Committee Meeting held at Sandton Sun Hotel, Sandton City, Johannesburg, South Africa on 5th November 2018, has commended the operational performances of the Facility. The meeting Chaired by Michael Andres Committee Chairman & Senior Project Manager at  KfW Development Bank, brought together key players within the infrastructure sectors on the continent along with donor representatives who support the Special Fund. These...

South Africa’s IDC and African Development Bank sign loan agreement to ramp up industrial and infrastructure development in Africa

09-Nov-2018 - 09-Nov-2018 - The African Development Bank and the Industrial Development Corporation of South Africa, have signed a US$100 million and ZAR 1.3 billion loan agreement to finance industrial and infrastructure projects in South Africa and other African countries. This facility will support IDC in delivering on its industrial mandate. The Agreement was signed on 7 November during the African Investment Forum in Johannesburg. Speaking at the press briefing, Pierre Guislain, African Development Bank’s Vice President for Private...

Africa agribusiness, a US$1 trillion business by 2030

09-Nov-2018 - 09-Nov-2018 - As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum to make deals on investment opportunities, leaders of the continent’s  top agribusiness companies shared their thoughts on the future of the industry. With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent, African Investment Forum participants said, fueling the motor of inclusive growth. “Agriculture is a...

La Banque africaine de développement approuve un accord de partenariat avec Natixis pour développer le commerce en Afrique

09-Nov-2018 - 09-Nov-2018 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé un Accord de participation aux risques (APR) d’un montant de 50 millions de dollars EU au profit de Natixis. Ce programme de partage de risques (50/50), en mesure de couvrir un portefeuille de transactions à concurrence de 100 millions de dollars EU, vient en soutien des quelque 600 millions de dollars EU (valeur cumulative) d’opérations commerciales sur les 3 prochaines années. « Libérer le potentiel de croissance du...

Climate, agribusiness, gender are key priorities in new agreement between African Development Bank and FinDev Canada

08-Nov-2018 - 08-Nov-2018 - The African Development Bank and FinDev Canada – the Canadian government’s development finance institution – have agreed to collaborate in joint transaction opportunities, external partnerships and best practice to achieve the Sustainable Development Goals in Africa. Leaders of the two institutions signed a memorandum of understanding Wednesday at the Africa Investment Forum, the continent’s multi-stakeholder, multi-disciplinary collaborative platform for the economic and social development of the continent....

Africa Investment Forum: Arab Bank for Economic Development in Africa (BADEA) acquires stake in Eastern and Southern African Trade and Development Bank (TDB)

08-Nov-2018 - 08-Nov-2018 - The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA. BADEA CEO Sidi Ould Tah and TDB president Admassu Tadesse ratified the agreement on 8 November 2018, on the second day of the Africa Investment Forum held in Johannesburg, South Africa. "This is a historic milestone that takes us to a higher level of strategic partnership," the TDB president said, adding that the Eastern and Southern African...

Côte d’Ivoire : Prêt de €42 millions de la Banque africaine de développement pour améliorer l’accès à l’électricité en milieu rural

08-Nov-2018 - 08-Nov-2018 - A l’horizon 2021, le Gouvernement de Côte d’Ivoire ambitionne d’électrifier toutes les localités de plus de 500 habitants. Pour réaliser  cet objectif, le pays a bénéficié, le mercredi 7 novembre 2018, d’un prêt de €42,3 millions de la Banque africaine de développement en vue de financer le projet d’amélioration d’accès à l’électricité en milieu rural qui s’inscrit dans le cadre du Programme National d’Electrification Rurale (PRONER) élaboré par le Gouvernement en 2013. Le Conseil d’administration de la Banque a...

The Trade and Development Bank and USAID Sign MoU to Power Africa

08-Nov-2018 - 08-Nov-2018 - The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum, where emphasis on investment is at the core of tens of transactions anticipated to take place. At the signing, the Trade and Development Bank’s President and Chief Executive, Mr. Admassu Tadesse, said, “TDB is...