Agreements

Displaying 13 - 24 of 356

African Economic Outlook 2019: Africa growth prospects remain steady, industry should lead growth

17-Jan-2019 - Africa’s general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020. But improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report, launched today by the African Development Bank. Published annually since 2003, the African Development Bank’s flagship report provides headline numbers on Africa’s economic performance and outlook. The focus of the 2019 report on...

Tunisia: African Development Bank and European Bank for Reconstruction and Development invest 150 million euros to improve sanitation in small municipalities

08-Jan-2019 - The African Development Bank and the European Bank for Reconstruction and Development (EBRD) signed on 8th January  a loan agreement with the Ministry of Development, Investment and International Cooperation (MDICI) and the National Office for Sanitation (ONAS) to finance the sanitation programme for small municipalities with fewer than 10,000 inhabitants. Nearly 200,000 inhabitants of small municipalities in Tunisia will benefit from significant environmental improvements thanks to a 150 million euros loan...

Accord Commission européenne-Banque africaine de développement : 60 millions d’euros pour l’interconnexion électrique Cameroun-Tchad et pour la Dorsale transsaharienne à fibre optique

08-Jan-2019 - La Commission européenne et la Banque africaine de développement ont procédé,- à la signature de deux accords de co-financement, au profit du projet d’interconnexion électrique entre le Cameroun et le Tchad et de la Dorsale transsaharienne à fibre optique (DTS). C’était le jeudi 20 décembre 2018, au siège de la Commission européenne à Bruxelles. M. Ousmane Doré, directeur général de la Banque pour l’Afrique centrale, et Mme Francesca Di Mauro, chef de l’unité Afrique centrale et australe, et océan Indien de la...

The African Legal Support Facility receives €4 million from Germany

18-Dec-2018 - The African Legal Support Facility (ALSF) and KfW Development Bank have signed an agreement to extend a €4 million grant from the Federal Republic of Germany through KfW to the Facility. This assistance builds on a 2016 Memorandum of Understanding between the two institutions under which ALSF was given a grant of €5 million. This financial assistance will support ALSF’s interventions to strengthen legal capacities for complex contract negotiations in Africa. In so doing, this will help African countries achieve...

AEC2018: Moving the Africa Free Trade Area agreement ahead with quick win solutions

04-Dec-2018 - A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough - and practical solutions - to move the process ahead. The African Continental Free Trade (AfCFTA) area aims to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the...

Trade Finance: US$20 million facility for Meridian’s soft commodity value-chain operations in Southern Africa

03-Dec-2018 - The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value-chain operations in the three countries concerned, to help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export. Specifically, the facility will...

COP24: Progress on Article 6 of the Paris Agreement

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...

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

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 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 - 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...

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

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....

African Development Bank collaborates with Women Entrepreneurs Finance Initiative

02-Nov-2018 - The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures agreement with the World Bank-led Women Entrepreneurs Finance Initiative (We-Fi). “This agreement is an important milestone for the AFAWA program, and presents an opportunity to leverage substantial resources to unlock the transformational potential of women’s entrepreneurship in Africa,” said Vanessa Moungar, Director of the Bank’s Gender, Women and Civil Society Department. The...

African Development Bank, Mariner Investment Group, and Africa50 Price Landmark $1 Billion Impact Securitization

18-Sep-2018 - The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization between a Multi-Lateral Development Bank (MDB) and private sector investors, pioneering the use of securitization and credit risk transfer technology to a new and previously...