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Agreements

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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.

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.

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.

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...

Burkina Faso : 11,5 milliards de francs CFA de la Banque africaine de développement en appui à la réforme du secteur énergétique

31-Aug-2018 - Le Groupe de la Banque africaine de développement et le gouvernement burkinabè ont signé, mardi 28 août 2018 à Ouagadougou, des accords de financement du Programme d’appui aux réformes dans le secteur de l’énergie (PARSE). Ce financement, d’un montant de quelque 11,5 milliards de francs CFA, avait été approuvé par le Conseil d’administration de la Banque le 18 juillet 2018.

Togo : La Banque africaine de développement va investir 16,6 milliards de francs CFA dans l’agro-alimentaire

28-Aug-2018 - Le Groupe de la Banque africaine de développement a signé avec le gouvernement du Togo des accords de prêt et de don pour un total de quelque 16,63 milliards de FCFA, dans le cadre de son Projet de transformation agro-alimentaire (PTA-Togo). 

African Development Bank and Namibia Government sign USD 217.8 Million loan to boost economic governance in Namibia

22-Aug-2018 - The Government of the Republic of Namibia and the African Development Bank have signed a loan agreement worth US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia Economic Governance and Competitiveness Support Programme (EGCSP II). The agreement was signed on 14 August 2018 by Namibian Finance Minister Carl H. G. Schlettwein and Dr. Josepine Ngure, Bank Deputy Director General, Southern Africa Regional development, on behalf of the Bank Group.

African Development Bank Signs US$41 million grant agreement for Sudan’s Agriculture Value Chain Development Project

27-Jul-2018 - The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country. The project was identified under Sudan’s National Agriculture Investment Plan (SNAIP), which seeks to increase agricultural production through the modernization of agricultural systems, value chains and market access, the Minister of Finance and Economic Planning, Mohamed Osman Elrikabi said at the signing ceremony on July 26...

Tunisia launches pilot project to use drones for data collection in agricultural sector

27-Jul-2018 - Tunisia and the African Development Bank have signed an agreement for the launch of a pilot project to use drones for data collection to enhance management of agricultural projects in the country. The project, to be implemented over the next ten months, would receive technical management and assistance from South Korea, Minister Zied Laadhari announced during the signing ceremony on Thursday July 26.  

African Investment Forum Road show in Cairo, attended by Egyptian public and Private Sector entities

26-Jul-2018 - Over 80 Egyptian public and private sector entities attended the African Investment Forum (AIF) road show organised by the African Development Bank on Wednesday 25 July 2018 in Cairo. Leading business executives from a wide range of industries including the banking and investment sector, industry associations, the Government and its investment promotion agencies, as well as key AIF partners EBRD, World Bank and the IFC, participated in the road show.

African Development Bank and Portuguese-speaking countries sign declaration to spur economic development in Lusophone Africa

19-Jul-2018 - The African Development Bank and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Dr. Akinwumi Adesina, President of the African Development Bank and Maria do Carmo Silveira, Executive Secretary of CLPL, signed the agreement on Wednesday on the sidelines of the 12th Summit of Heads of State and Government of the CPLP in Santa Maria on the Island of Sal, Cabo Verde.

La Banque africaine de développement réaffirme son engagement avec l’Alliance Sahel

18-Jul-2018 - Une importante délégation de l’Unité de coordination de l’Alliance Sahel (UCA) a entamé, mercredi 18 juillet 2018, une visite de travail de deux jours dans les locaux de la Banque africaine de développement à Abidjan, en Côte d’Ivoire. L’Alliance Sahel, un partenariat lancé en juillet 2017 à Paris par plusieurs bailleurs de fonds, vise à atteindre plus rapidement des résultats de développement dans les pays du G5 Sahel : Burkina Faso, Mali, Mauritanie, Niger et Tchad.

African Development Bank commends Afreximbank’s efforts to advance intra-African trade

16-Jul-2018 - “Africa is in a hurry because it is hungry for economic transformation. We must move quickly from old methods of intervention in dealing with emerging challenges and taking advantage of opportunities,” President Adesina tells participants at 25th Anniversary of Afreximbank

African Development Bank and AfreximBank sign Strategic Factoring project to support African SMEs

13-Jul-2018 - The African Development Bank, through its Trade Finance operations, and Afreximbank today signed a Grant Agreement to support the development of factoring (a form of debtor finance in which a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount) on the continent. This is a big step towards both institutions’ unrelenting drive and commitment to continue enabling extra and intra-Africa Trade.

Millennium Challenge Corporation Announces New Collaboration with the African Development Bank

02-Jul-2018 - The U.S. Government’s Millennium Challenge Corporation (MCC) Chief Operating Officer Jonathan Nash and African Development Bank Group Senior Vice-President Charles Boamah today announced new opportunities for collaboration between the institutions. The announcement was made during the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) mission stop in Côte d’Ivoire.

African Development Bank joins Global Infrastructure Facility as Technical Partner

19-Jun-2018 - Africa’s infrastructure financing needs are huge. Innovative partnerships are needed to bridge the financing gap and accelerate infrastructure development in Transport, ICT, Water and Energy, that are considered as drivers for growth, regional integration and industrialization. It is in this optic that the African Development Bank Group signed a Financial Procedures Agreement with the World Bank Group (the GIF Trustee) on 18th of April 2018 as Technical Partner of the Global Infrastructure Facility (GIF).

African Development Bank supports fiber-optic development in the Central African Republic

31-May-2018 - The Central African Minister of Economy, Planning and International Cooperation, Félix Moloua, and the Director General for Central Africa Regional Development and Business Delivery Office of the African Development Bank, Ousmane Doré, signed three grant agreements in Busan, Korea, of FCFA 22,107 billion to finance the fiber-optic backbone project for Central Africa – CAF component.

Supporting Women-owned Businesses and SMEs in Sierra Leone

31-May-2018 - At its 2018 Annual Meetings in Busan, Korea, the African Development Bank signed a 5-year, US $3-million Line of Credit (LoC) with Sierra Leone’s Union Trust Bank (UTB), the only indigenous private bank in Sierra Leone and an important provider of finance for indigenous micro, small and medium-sized enterprises. The LoC will primarily target local SMEs and women-owned businesses working in agriculture, energy, manufacturing and services, among others.

The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa

25-May-2018 - The African Development Bank(link is external) and the Global Green Growth Institute(link is external) (GGGI) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, to promote programs, projects, joint studies and research activities to accelerate green growth options for African countries.