Approvals

Displaying 61 - 80 of 967

African Development Bank approves US$50 million equity investment in Africa Finance Corporation to support infrastructure projects in Africa

29-Nov-2018 - The African Development Bank has approved an equity investment of US$50 million in Africa Finance Corporation (AFC) − a pan-African development finance institution established in 2007.  This equity investment aims to foster strategic partnerships with a certain number of African DFIs that have a comparative advantage at regional or sub-regional levels in certain strategic sectors. By so doing, the Bank will accelerate and deepen co-financing opportunities, joint implementation and knowledge sharing for the...

African Development Bank approves $100 million facility to enhance trade financing across Africa

29-Nov-2018 - The Board of Directors of the African Development Bank Group (the Bank), on Thursday, 29 November, 2018, approved a second unfunded $100-million Risk Participation Agreement (RPA II) facility for First Rand Bank Ltd (FRB).  Housed under the Trade Finance operations of the Bank, this facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in transition states and low-income countries (LICs) across Africa. 

African Development Bank loan to extend safe water supply and sanitation to Manzini Region in eSwatini

29-Nov-2018 - The Board of Directors has approved a ZAR 720 million loan to finance the Manzini Region Water Supply and Sanitation Project in eSwatini (former Swaziland). The project aims to expand access to adequate water and sanitation services for all citizens and to contribute to economic development and poverty alleviation in Eswatini.

Senegal: African Development Bank Group approves € 51.26 million loan for Malicounda Dual Fuel power plant

29-Nov-2018 - The Board of Directors of the African Development Bank Group has approved a €51.26 million senior loan to finance a 120MW dual-fuel combined cycle power plant in Malicounda, Senegal. The Bank, acting as Mandated Lead Arranger, will further mobilize additional resources from DFIs to meet the required debt portion of the transaction.

Cameroon: African Development Bank approves €17.96 million Ring-Road project to improve socio-economic growth in the North-West province

28-Nov-2018 - The African Development Bank has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country. The Ring Road project, which falls under phase three of the country’s Transport Sector Support Programme, aims to improve the movement of goods and people. It will also strengthen the foundations for strong and sustainable growth by promoting domestic and regional trade.

African Development Bank supports entrepreneurship in transition states through equity investment in Trade and Development Bank

27-Nov-2018 - The Board of Directors of the African Development Bank has approved an additional equity investment of US$ 25 million in Trade and Development Bank (TDB) to enhance the latter’s trade, finance and infrastructure investment operations. The investment will help expand Trade and Development Bank’s diverse socio-economic development interventions in countries in situations of fragility including Burundi, Comoros, Democratic Republic of Congo, Somalia and Sudan.

Niger : Le DSP 2018-2022 approuvé pour consolider et amplifier les progrès en matière de développement socio-économique

23-Nov-2018 - Le Niger a accompli des progrès encourageants durant la période 2012-2017 en matière de développement socio-économique, s’est félicité le Conseil d’administration de la Banque africaine de développement. Afin de consolider et amplifier ces acquis, les administrateurs ont approuvé le jeudi 22 novembre 2018, le Document de stratégie-pays (DSP) pour la période 2018-2022.

African Development Fund approves US$322 million for road upgrading project in Burundi and Tanzania

22-Nov-2018 - The Boards of Directors of the African Development Bank Group have approved US$322.35 million loans and grant to Burundi and Tanzania to finance the Rumonge-Gitaza (45 km) and Kabingo-Kasulu-Manyovu (260 km) road upgrading project.

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

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.

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

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).

Board approves €7 million investment in Partech Africa Fund

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 - 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.

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

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.

Niger Basin Authority will get US$134 million to spur Development and Climate Change Adaptation in the Niger Basin (PIDACC)

07-Nov-2018 - In a bid to improve the resilience of the people and ecosystems of the Niger River Basin, the Board of Directors of the African Development Bank, has approved US$76 million for the integrated development and climate change adaptation in the Niger Basin. The program is co-financed with – the Green Climate Fund, the European Union, the Global Environment Fund, the Forest Investment Fund and the various governments – to the tune of US$134 million.

African Development Bank rolls out programme to boost climate risk financing and insurance for African countries

29-Oct-2018 - The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.

ADF Supports Nile Basin Power Project

27-Oct-2018 - Tunis, 27 October 2006 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, on Friday in Tunis,  approved a grant of  2.57 million Units of Account (UA*), equivalent to US$ 3.79 million to finance a study on power transmission lines in the Rusumo Falls hydropower station.

Malawi: The African Development Bank approves US$ 15 million grant for Nkhata Bay Town Water Supply and Sanitation Project

26-Oct-2018 - The African Development Bank Group, has approved a US$15 million grant from the African Development Fund (ADF) for a water supply and sanitation project in Malawi, expected to provide jobs and boost the livelihoods of nearly 300,000 people.

Plus de 121 millions de dollars de dons de la Banque africaine de développement pour le transport aérien en RDC

25-Oct-2018 - La Banque africaine de développement continue d’œuvrer en faveur de l’amélioration du transport aérien en République démocratique du Congo (RDC).

Agri-tech can turn African Savannah into global food basket – African Development Bank

25-Oct-2018 - The African Development Bank is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution.

Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million

23-Oct-2018 - The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and Ambassador Lennart Båge from Sweden, considered 20 funding proposals requesting approximately US$1.2 billion.