Displaying 81 - 100 of 357

Sudan and the AfDB Sign $ 29 million agreement to support youth entrepreneurship in agriculture

22-Dec-2016 - On 21 December 2016, the Federal Minister of Finance and Economic Planning of Sudan, Badr Eldien Mahmoud Abass and the Resident Representative of the African Development Bank (AfDB) Dr. Abdul Kamara signed an agreement for $29 million to finance the Empowering novel agri-business led employment for the youth (ENABLE Youth) in Sudan.

African Development Bank to sink US $20 million in Port Sudan urgent water and sanitation project

15-Dec-2016 - In collaboration with the UK Department of International Development (DfID), the African Development Bank (AfDB) concluded a project identification mission to Port Sudan on December 13, 2016. The mission sought to hold discussions with authorities and stakeholders on the possibility for the AfDB to finance the Port Sudan Priority Water and Sanitation (PSPWS) project as part of its joint efforts with DfID to address Port Sudan’s short-, medium- and long-term water needs.

Fourteenth Replenishment of the African Development Fund

12-Dec-2016 - Strong donor commitment despite a difficult global economic environment Resources devoted to countries affected by situations of fragility to increase ADF to scale-up support to the private sector

AfDB and United Bank for Africa Plc sign US$ 150 million Line of Credit

30-Nov-2016 - The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria.

AfDB and CRDB Bank Plc of Tanzania sign US$120 million loan agreement to finance infrastructure and SMEs

30-Nov-2016 - The African Development Bank Group (AfDB) and CRDB Bank Plc (CRDB) of Tanzania signed a US$ 120 million loan agreement in Nairobi on November 30, 2016 to finance infrastructure and SME projects in Tanzania. The loan will support infrastructure development, particularly the power and transport sectors, which is a major constraint for Tanzania’s economic diversification and growth.

Madagascar : la Banque africaine de développement octroie 19 millions $ à la réforme de l’énergie

29-Nov-2016 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a donné son feu vert, ce 25 novembre 2016 à Abidjan, au financement du Programme d’appui à la réforme du secteur de l’énergie (PARSE) à Madagascar. Ce programme, financé à hauteur de 19 millions de dollars EU sur le Fonds africain de développement (FAD), vise à améliorer les performances du secteur de l’énergie.

AfDB and Algeria sign €900-million loan agreement to support the country’s industrial and energy competitiveness

24-Nov-2016 - The African Development Bank (AfDB) and Algeria have signed an agreement for a €900-million loan to support the country’s industrial and energy competitiveness. This budget support loan provides the Government with the resources needed to offset the drop in its revenue due to the sharp fall in oil prices.

The African Legal Support Facility receives 5 million euro from KfW

22-Nov-2016 - The African Legal Support Facility (ALSF) and the KfW Development Bank on Tuesday signed a Memorandum of Understanding (MoU), which provides modalities for cooperation between them, including a € 5-million KfW grant to support ALSF activities.

Reaffirming Power Africa’s contribution of US $11 million to the Sustainable Energy Fund for Africa

10-Nov-2016 - The United States Agency for International Development (USAID) through the Power Africa initiative, reaffirmed its commitment to the African Development Bank-led Sustainable Energy Fund for Africa (SEFA) initiative with a second tranche of funding of US $11 million towards fulfilling its overall commitment of US $20 million. The signing ceremony took place after the Power Africa Panel on Off-Grid Finance, within the precincts of the U.S.

La BAD octroie 950 millions de Francs CFA au Togo, en contribution à l’autonomisation économique des femmes

26-Oct-2016 - Le Groupe de la Banque africaine de développement (BAD) a accordé au Togo, un don d’un million cent cinquante-deux mille cent soixante-treize (1 152 173) Unité de Compte (UC) soit environ neuf cent quarante-cinq millions (945 000 000) francs CFA au titre de financement pour le projet d’appui à l’inclusion financière des femmes vulnérables (PAIFFV).

US $350 million raised for Abidjan Sanitation Program – Phase II

25-Oct-2016 - Phase II of the Abidjan Sanitation Program has received a significant boost following the mobilization by donors of over US $350 million out of the required US $400 million needed to fund the program successfully.

La BAD octroie 28,5 milliards FCFA au Sénégal pour appuyer les réformes en matière de développement local

20-Oct-2016 - Le président du Groupe de la Banque africaine de développement (BAD), Akinwumi Adesina et le ministre sénégalais de l’Economie, des Finances et du Plan, Amadou Ba , ont signé le 19 octobre à Abidjan, un accord de prêt d’un montant de 28,5 milliards FCFA destiné à appuyer  la première phase du  Programme d’appui aux réformes du développement local (PARDL-1).

African Water Facility turns waste management into strategic input for local production value chain in Ethiopia

14-Oct-2016 - The African Water Facility (AWF) held a three-day event from September 28 to 30, 2016 to launch the Improved Sanitation Value Chain (ISVC) project, which aims to serve the urban poor in Arba Minch Town, one of the major cities of Southern Ethiopia. The AWF €1.5-million grant to the ISVC project will contribute to improve sanitation and faecal waste management for more than 21,000 Arba Minch citizens while boosting the local businesses and agricultural production with the provision of eco-friendly and affordable...

African nations join front-runners in ratifying Paris Agreement on climate change

03-Oct-2016 - At the United Nations General Assembly in New York on September 21, 2016, nine African nations deposited their articles for  ratification of the global Paris Agreement on climate change, cementing their commitment to a climate-smart development path, and helping the world draw closer to making the Agreement a global reality. Following the ceremony, Mali also filed its ratification papers on September 28, 2016.

ALSF hosts training on Production Sharing Agreements for Somalia government officials

26-Sep-2016 - Somalia’s offshore potential oil and gas reserves has garnered the attention of many international oil companies. The potential of these reserves, if managed well, will provide consistent revenue streams that could catalyse the economic development of Somalia.

African Development Bank signs Letter of Intent with Mizuho Bank, Ltd

14-Sep-2016 - During the Sixth Tokyo International Conference on African Development (TICAD VI) held in Nairobi, Kenya, the African Development Bank (AfDB) signed a Letter of Intent (LOI) for business cooperation with Mizuho Bank, Ltd. (MHBK) on Saturday, August 27, 2016. The signed LOI covers a broad range of financial services, including Treasury, Trade Finance and Project Finance to support the Bank’s High 5 development priorities, which are: Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa...

US $30 billion to benefit farmers, strengthening Africa’s agriculture

09-Sep-2016 - Weiteithye Farmers Group in Mwala, Eastern Kenya, comprises about 100 small-scale farmers struggling with crop production, value addition and marketing of their produce.

African Water Facility: Improving Mozambique’s resilience to climate change and reducing vulnerability to floods

08-Sep-2016 - The African Water Facility (AWF) has granted €1.8 million to Mozambique to finance a development plan and feasibility studies for urban sanitation, drainage and solid waste management in Chimoio and Inhambane. The 310,000 inhabitants of the two municipalities are facing serious sanitation and urban flood issues.

AfDB and Japan Announce US$3 Billion Private Sector Development Initiative to Boost Growth and Reduce Poverty in Africa

26-Aug-2016 - The African Development Bank (AfDB) and the Government of Japan announced today they have set a joint target to provide US$ 3 billion for private sector development in Africa during the next three years, substantially increasing the resources devoted to boosting economic growth and fighting poverty in the region. The resources will be provided under the third phase of the Enhanced Private Sector Assistance for Africa (EPSA) initiative.

US $81 billion mobilized in 2015 to tackle climate change: Joint MDB report

09-Aug-2016 - Climate finance totalling US $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors.