Loans & Grants
05/04/2018 - The Board of Directors of the African Development Bank has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation will leverage Commerzbank support to African issuing banks seeking to expand their trade finance operations.
29/03/2018 - The Government of the Republic of Angola, represented by Augusto Archer de Sousa Mangueira, Minister of Finance and Governor for the African Development Bank, and the Bank, represented by Joseph Ribeiro, Country Manager for Angola, signed on Tuesday, January 16, 2018 in Cabinda Province, a loan agreement in the amount of US $101.07 million for the Cabinda Provincial Agriculture Value Chains Development Project.
19/03/2018 - The Board of the African Development Bank Group has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF). The main objective of the project is to promote innovation economy in Rwanda and the East African Community (EAC) region. The resource will be used to establish an investment vehicle focused on funding Tech-Enabled Small and Medium-Sized Enterprises (SMEs) and to develop the country’s entrepreneurial/innovation ecosystem capacity.
12/03/2018 - In a major boost for its Light up and power Africa initiative, the African Development Bank has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa.
Categories: Energy & Power
07/03/2018 - At its 19th Board Meeting in Songdo, South Korea, the Board of the Green Climate Fund (GCF) has approved the first funding proposal of the African Development Bank for Zambia's Renewable Energy Financing Framework. The GCF will provide a US$ 50 million loan and a US$ 2.5 million grant
06/03/2018 - The Board of Directors of the African Development Bank has approved a US $100-million Trade Finance Line of Credit to Angola's Investment Bank (Banco Angolano de Investimentos, BAI). The funding will support international trade transactions of small and medium enterprises (SMEs) and local corporates in identified transformative sectors in Angola. In addition, a number of indirect benefits from this facility are expected to accrue to BAI's subsidiaries in Cabo Verde and São Tomé and Príncipe through the strengthening of correspondent banking relationships by providing guarantees on their international trade transactions.
23/02/2018 - The African Development Bank and the Gabonese National Agency for Numerical Infrastructure and Frequency (ANINF) have signed agreements a feasibility study for the country's component of the Central African Backbone (CAB) project. The project is an integrated, innovative and transformative infrastructure which consist of completing the 901.8 km fiber optic connectivity to cover 14 missing links on the Gabonese national backbone.
- From: 20/02/2018
- To: 22/02/2018
- Location: Dakar, Senegal
A donor pre-engagement on Gambia’s new National Development Plan (NDP), is scheduled to take place in Dakar, Senegal from 20 to 22 February 2018.