Approvals

Displaying 201 - 250 of 968

AfDB Approves a USD 450 million Trade Finance Package for the African Export-Import Bank (Afreximbank)

30-Mar-2017 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 29, 2017 a USD 450 million Trade Finance Package for the African Export–Import Bank (Afreximbank). The facility consists of a 3-year USD 150 million unfunded Risk Participation Agreement (guarantees) and a 4-year USD 300 million Trade Finance Line of Credit.

Africa Climate Change Fund scales up its operations with new contributions from Italy and Flanders

21-Mar-2017 - The Board of Directors of the African Development Bank (AfDB) approved on March 15, 2017, the conversion of the Africa Climate Change Fund (ACCF) – established in 2014 with €4.725 million from the Government of Germany – to a multi-donor trust fund.

The African Water Facility Supports Somaliland to Build Resilience to Water Stress and Climate Change

14-Mar-2017 - The African Water Facility (AWF) held on February 21, 2017 a launching ceremony and workshop to officially kick-start the Water Resources Management and Investment Plan project for Somaliland. The AWF has provided a €3-million grant to support this project in the aim of building resilience to climate change and reducing water stress in Somaliland.

AfDB and GEF Support Climate Change Adaptation for Sustainable Water Supply in Malawi and Lesotho

14-Mar-2017 - On February 13, 2017, the Global Environment Facility (GEF) Council approved a total of US $ 4 million and US $ 2.6 million, respectively, for Lesotho and Malawi as part of additional financing projects with the African Development Bank (AfDB). The funds are mobilized under the Least Developed Countries Fund (LDCF) of the GEF. 

Reaching Small and Medium Enterprises in Africa: A Learning Forum on Africa SME Program Technical Assistance

06-Mar-2017 - The African Development Bank provides significant financial resources to reach small and medium enterprises (SMEs), including through its non-sovereign operations. In 2016 alone, the AfDB Board of Directors approved over US $400 million in new lending to financial institutions (FIs) for Africa’s SMEs.

NEPAD-IPPF approves US $3.88 million in grants to DRC, Mozambique and Zambia for power interconnector projects

03-Mar-2017 - The NEPAD-IPPF (Infrastructure Project Preparation Facility) has approved US $3.88 million in grants to the Governments of the Democratic Republic of Congo (DRC), Mozambique and Zambia to finance completion of regional projects preparations.

African Development Bank supports Zimbabwe’s State enterprise reforms with USD 4.061 million

02-Mar-2017 - On February 28, 2017, Bank Group Director General (DG), Southern Africa Regional Development and Business Delivery Office, Tonia Kandiero, and Zimbabwe’s Finance and Economic Development Minister, P.A. Chinamasa, signed a grant agreement on the Institutional support for State enterprise reform and delivery project (ISERDP) for a total amount of UA 3.0 million (approximately USD 4 million).

SEFA commits close to US $1 million to energy access in The Gambia

27-Feb-2017 - The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA)approved a US $995,000-grant to the Republic of The Gambia to implement a programme to facilitate private investments in Green Mini-Grids (GMG) through the creation of an enabling policy, institutional and regulatory framework, as well as direct support to project development and financing.

AfDB to open field offices in Benin, Guinea and Niger

23-Feb-2017 - Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence, visibility and address their needs effectively.

AfDB launches three projects worth US $26 million in Zimbabwe

23-Feb-2017 - The African Development Bank and the Government of Zimbabwe officially launched three projects worth US $26 million that were recently approved by the Bank’s Board of Directors. The three ventures are Alaska Karoi Transmission Reinforcement Project (US $18 million); the Youth and Women Empowerment Project (US $4 million) and the Institutional Support for State Enterprise Reform and Delivery Project (US $ 4 million).

Burkina Faso – 5,4 millions de dollars EU de la BAD, pour développer la chaîne de valeur de l’anacarde dans le bassin de la Comoé

17-Feb-2017 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé, un prêt et un don d’un montant total de 5,4 millions de dollars EU, pour financer le projet de développement de l’anacarde dans le bassin de la Comoé au Burkina Faso.   L’objectif de développement du projet, qui s’achèvera en cinq ans, est de contribuer à la réduction de la pauvreté en milieu rural et à l’augmentation de la capacité de séquestration de carbone.

The African Development Bank approves new US $28.2-million funding injection in Shelter Afrique

16-Feb-2017 - African Development Bank supports the African housing sector through Shelter Afrique US $20-million loan approved, after a recent US $8.2-million equity injection Shareholders agree to pay up their share of capital commitments by the end of 2017

Tchad : un don de la BAD de plus de 64 millions de dollars

11-Feb-2017 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé, le 24 novembre 2017 à Abidjan, en Côte d’Ivoire, l’octroi d’un appui budgétaire de 64 millions de dollars américains – environ 36,4 milliards de francs CFA –, en faveur de la République du Tchad. Accordée sous forme de don, cette aide, qui relève de la Facilité d’appui à la transition (FAT), est destinée à financer le Programme d’urgence d’appui à la consolidation budgétaire.

AfDB approves US$200 million to IDC to support industrialisation projects in Africa

08-Feb-2017 - The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South Africa and other Regional Member Countries (RMCs).

À Sao Tomé-et-Principe, la BAD consacre plus de 2 millions $ au renforcement de l’infrastructure financière

08-Feb-2017 - Le Fonds africain de développement (FAD), le guichet concessionnel du Groupe de la Banque africaine de développement (BAD), a donné son feu vert pour un prêt de 2,04 millions de dollars EU à la République de Sao Tomé-et-Principe, destiné à financer un projet de renforcement de l'infrastructure du système de paiement et de l'inclusion financière dans le pays.

AfDB approves US $69.6 million risk participation in infrastructure sector investments in Ghana, Malawi and Mozambique

01-Feb-2017 - The Board of Directors of the African Development Fund (ADF), the concessional arm of the African Development Bank Group (AfDB), has approved two transport sector investment risk participations amounting to US $69.6 million under its Private Sector Credit Enhancement Facility (PSF). These two transactions are risk participations in Private Sector projects of the Bank Group and cover investment projects in Ghana, Malawi and Mozambique. The two projects will contribute significantly to regional integration and...

Vers le développement d’un Agropole pour transformer l’agriculture ivoirienne

25-Jan-2017 - La Banque africaine de développement (BAD) appuiera le Projet de Pôle agro-Industriel dans la région du Bélier en Côte d’Ivoire avec deux prêts et un don d’un montant total de 67 milliards FCFA approuvés par son Conseil d’administration le 25 janvier 2017 à Abidjan.

AfDB approves US $90-million financial package to boost Commercial Bank of Africa’s funding of SMEs in Kenya and grow trade finance in Africa

25-Jan-2017 - The Board of Directors of the African Development Bank has approved a US $90-million financial package comprising a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit to Commercial Bank of Africa Limited (CBA), Kenya.

AfDB approves US $20 million for Meridian’s soft commodity value chain operations in Southern Africa

20-Jan-2017 - The African Development Bank has approved 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 to grow their revenues and produce quality crops for export.

AfDB approves US $1-million humanitarian emergency grant to Tanzania to mitigate effects of earthquake in Kagera region

19-Jan-2017 - People affected by the earthquake which hit the Kagera region, in northwestern Tanzania, in September last year will get some relief from a humanitarian emergency grant approved by the African Development Bank Group’s Board last week. The assistance will help to meet urgent needs of primary and secondary schools in the earthquake affected areas, and restore learning activities. Kagera region in northwestern Tanzania was hit by a 5.9-magnitude earthquake on Saturday, September 10, 2016, resulting in 17 deaths and...

African Development Bank Group approves €200 million loan to support Gabon’s reform program

11-Jan-2017 - Oil price decline puts economic prospects at risk Reforms aim at consolidation of public finances and structural transformation Loan, first tranche of 500 million package

African Development Bank signs US$ 500 million, 2nd tranche of budget support loan for Egypt

19-Dec-2016 - The African Development Bank, on 19th December 2016, signed a loan of US$ 500 million to finance the Egypt Economic Governance and Energy Support Program Phase II. The loan, which was approved by the Bank’s Board of Executive Directors on 13th December 2016, is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully...

AfDB approves USD 80 million loan and USD 20 million equity to Kainji and Jebba Hydro Power Project in Nigeria

16-Dec-2016 - The Board of Directors of the African Development Bank (AfDB or the Bank) has approved a financing package of USD 100 million, comprising USD 80 million loan and USD 20 million equity for the rehabilitation of the Kainji and Jebba hydro plants to increase available capacity from the current available capacity of 917 MW to installed capacity of 1,338.4 MW. The Kainji and Jebba plants are one of Nigeria’s cheapest and steadiest suppliers of electricity.

AfDB Group provides USD 250 million to support ENABLE Youth Nigeria program

16-Dec-2016 - The Board of Directors of the African Development Bank Group (AfDB), has approved the ENABLE Youth Nigeria program, and will provide a USD 250 million loan, to contribute to job creation, food security and nutrition, rural income generation and improved livelihoods for youths in both urban and rural areas. The specific objective of the program is to create business opportunities and decent employment for young women and men along priority agricultural value chains of the various enterprises (aquaculture, crops...

African Development Bank approves US$ 500 million 2nd tranche of budget support loan to Egypt

15-Dec-2016 - The Board of Directors of the African Development Bank (AfDB), has approved a loan of US$ 500 million to finance Egypt’s economic governance and energy support program phase II. The loan is the second tranche of a three year, US$ 1.5 billion programmatic series, covering the fiscal years 2015/16 to 2017/18 (July-June). It builds on the first phase of the operation, a US$ 500 million loan that was approved in December 2015 and was fully disbursed in early January 2016.

AfDB approves USD 159 million corporate loan to Ethiopian Airlines to finance expansion plan and fleet modernization program

15-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines’ expansion plan and fleet modernization program. The package comprises two tranches, with the first tranche (85% of the financing) being covered by African Trade Insurance, Africa’s export credit agency, which will be providing credit risk insurance to the transaction.

AfDB approves USD 250 million loan and EUR 5 million grant for rebuilding, recovery and stabilization in North East Nigeria

14-Dec-2016 - The Board of Directors of the African Development Bank Group (AfDB), has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million RWSSI Grant Facility, to finance the Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme (IBSDLEIP), in support of operationalizing the “Buhari Plan” for Emergency Transition, Recovery and Peacebuilding for North East states in Nigeria.

African Development Fund Board approves a loan of USD 93.51 million to support the agriculture sector in Tanzania

14-Dec-2016 - The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 67.27 million (USD 93.51 million) to the United Republic of Tanzania for on-lending to the Tanzania Agricultural Development Bank (TADB). The funding will contribute to supporting Tanzania’s agriculture sector and achieving the country’s development goals.

AfDB approves USD 50 million equity investment and USD 50 million convertible loan to seed the establishment of the multi-investor USD 500 million Facility for Energy Inclusion (FEI)

14-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.

AfDB approves US $ 12.24 million in grants and loans for Jobs for Youth Project for Malawi

14-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved an African Development Fund (ADF) loan of UA 7.52 million (approximately US $10.5 million) and an ADF grant of UA 1.25 million (approximately US $1.74 million) for a total of about US $12.24 million for the Jobs for Youth Project in Malawi.

AfDB’s Board of Directors approves the institution’s borrowing program for 2017

14-Dec-2016 - The Board of Directors of the African Development Bank has approved the institution’s borrowing program for 2017, for an amount of UA 6.9 billion (equivalent to USD 9.4 billion) to be raised from capital markets. One of the main objectives of the program is to raise resources from capital markets, in a cost effective manner, to finance development projects and programs in Africa. The Bank’s funding requirements have been increasing in line with its operations and footprint on the continent. Three years ago, its...

AfDB commits €44 million to reinforce high-speed broadband access in Niger

13-Dec-2016 - On Friday, December 9, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved a loan of €31.4 million and a grant of €12.5 million to the Republic of Niger to finance the national component of the project of the Trans-Saharan fiber-optic backbone (DTS).

AfDB commits USD 74.9M to reinforce road connection between Mozambique and Tanzania

13-Dec-2016 - On Friday 9th December of 2016, the Board of Directors of the African Development Bank Group (AfDB) approved USD 71.8M grant and USD 3.1M loan to the Government of Mozambique for the construction of an asphalted 70km road section in Northern Mozambique, to improve connectivity with Tanzania. The project will open up that isolated part of the country, contributing to the economic growth and the eradication of poverty, as well as foster cross border trade and reinforce regional integration.

AfDB commits €40.5 million to build the first major bridge link between Senegal and Mauritania

13-Dec-2016 - On Friday, December 9, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved a loan of €31.3 million to the Islamic Republic of Mauritania and a loan of €9.4 million to the Republic of Senegal, to finance the construction of a bridge at Rosso, between the two banks of the Senegal River, the natural border between the two countries.

Le Groupe de la BAD va injecter 84,63 millions d’euros dans l’employabilité des jeunes et la protection sociale au Gabon

12-Dec-2016 - Le Conseil d’administration du Groupe de la BAD a approuvé 84,63 millions d’euros, pour financer le projet de renforcement des capacités pour l’employabilité des jeunes et l’amélioration de la protection sociale au Gabon.

Le Conseil d’administration de la BAD approuve 65 millions d’euros pour l’électrification rurale, périurbaine et urbaine au Niger

09-Dec-2016 - Le Conseil d'Administration du Groupe de la Banque africaine de développement (BAD) a approuvé, au cours de sa séance de vendredi 09 décembre 2016, un financement de 51,72 millions UC (environ 65 millions d'Euros) destiné à appuyer le Projet d'électrification rurale, périurbaine et urbaine du Niger (PEPERN). L'objectif général de ce projet est d'accroître le taux d'accès à l'électricité des populations dans les huit régions que compte le Niger. Il vise également à améliorer la gouvernance sectorielle à travers...

AfDB commits USD 92.9M to open up access of Southern Ethiopian regions

08-Dec-2016 - On Wednesday 7th December of 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved USD 57.6M grant and USD 35.3M loan (Approximately USD 92.9 million) to the Government of Ethiopia for the upgrading of 240km of gravel road sections to all-weather asphalt concrete surfaced road.

ALSF Management Board approves work plan and budget for 2017

30-Nov-2016 - The African Legal Support Facility (ALSF) Management Board met in Abidjan, Côte d’Ivoire to provide strategic guidance for the ALSF’s planned future direction and operations. The meeting was held under the leadership of the new Chairman, Seward Cooper, and focused on a number of items, namely the ALSF’s financial statements as of September 2016, the work plan and budget for 2017, the report on the review of the Medium Term Strategy (MTS) 2013–2017 as well as progress on the implementation of projects. 

African Development Bank approves €286 million for Cameroon’s transport sector

24-Nov-2016 - On November 24, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved two loans for a total of €286.245 million to support the second phase of the Transport Sector Support Program in Cameroon.

65 millions d’Euros pour financer l’alimentation en eau pour multi usages au Sénégal

24-Nov-2016 - La Banque africaine de développement vient d’approuver un prêt BAD d’un montant de 65 millions d’Euros (42,64 milliards de F CFA) à la République du Sénégal pour financer le « projet de renforcement de l’alimentation en eau pour multi usages sur l’axe Louga – Thiès – Dakar, à partir de la station de Keur Momar Sarr ». Le projet constitue la contribution de la Banque au projet global de « construction d’une 3ème station de traitement à Keur Momar Sarr », d’un coût global de 423,84 millions d’Euros.

AfDB Board approves Boost Africa Investment Program, a new integrated approach to enable young innovative entrepreneurs across Africa

23-Nov-2016 - The Board of Directors of the African Development Bank approved on Wednesday, November 16 a €50-million package of investments in various angel, venture, seed, accelerator and incubator funds with the aim of funding innovative start-ups and early stage small businesses across Africa.

AfDB Board approves 2017-2021 Country Strategy Paper for Rwanda

23-Nov-2016 - The African Development Bank (AfDB) will support Rwanda’s economic transformation by boosting inclusive private sector-led growth and creating higher value-added formal employment with an indicative financing package estimated at US $939.4 million over a five-year period. This support package is contained in the Bank’s 2017-2021 Country Strategy Paper (CSP) for Rwanda, which will guide the Bank’s operations in the country during the next five years, approved by its Board of Directors on Wednesday, November 23,...

AfDB approves US $75-million financial package to complement Diamond Trust Bank Kenya Limited’s funding to enterprises in East Africa

23-Nov-2016 - The Board of Directors of the African Development Bank has approved a US $75-million financial package comprising US $50-million Line of credit and US $25-million Subordinated Debt to Diamond Trust Bank Kenya Limited. The funding is aimed at supporting SMEs and emerging corporates in East Africa. The LoC will provide financing to small and medium enterprises (SMEs) and local corporates involved in value-addition in the trading, manufacturing, transport, and construction, among other sectors. In so doing, it will...

La BAD alloue 38 millions d’euros à Coris Banque internationale en appui au secteur privé du Burkina Faso

23-Nov-2016 - Le Groupe de la Banque africaine de développement a approuvé le 23 novembre à Abidjan, l’octroi, par le biais de son guichet du secteur privé, d’une ligne de crédit (LDC) de 38 millions d’euros à Coris Banque internationale (CBI) au Burkina Faso. La BAD se réjouit à double titre de cette collaboration avec la CBI en ce qu’elle lui permet de contribuer à soutenir le secteur privé au Burkina Faso et d’apporter son concours à la CBI, un groupe bancaire à capitaux africains doté d’une vision et d’une volonté de...

AfDB Board approves US $135 million for Zambia’s Small Towns Water and Sanitation Program

18-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) Group on Friday, November 18, 2016 approved a US $135-million loan to finance a water and sanitation program targeting small towns in Zambia. The Integrated Small Towns Water Supply and Sanitation Program aims to increase access to quality water supply and sanitation services in a sustainable manner in 12 towns located in four provinces of Zambia. Other objectives include ensuring efficient management and operation of the water supply and sewerage...

AfDB approves US $3.04-million grant for road and bridge construction feasibility studies in Central Africa

17-Nov-2016 - The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi-Campo-Bata Multinational Road and Bridge linking Cameroon to Equatorial Guinea.

AfDB approves US $17-million Food Assistance for Malawi

16-Nov-2016 - The African Development Bank (AfDB) Group Board of Directors has approved a US $17 million (about MK 12.2 billion) Food Crisis Response Budget Support Programme grant for Malawi. The Programme will support Malawi Government’s Emergency Response Plan to mitigate the current food crisis through the purchase of maize for distribution to vulnerable households.  

La Banque africaine de développement mobilise 137,82 millions d’euros pour le renforcement des réseaux électriques en Côte d’Ivoire

16-Nov-2016 - Le Conseil d’administration de la Banque africaine de développement a approuvé le  16 novembre 2016, à Abidjan, un financement de 137,82 millions d’euros destiné à appuyer le Projet de renforcement des réseaux de transport et de distribution d’électricité (PRETD) en Côte d’Ivoire. 

AfDB approves US $10-million equity investment in TIDE Africa Fund

16-Nov-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a US $10-million equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa. 

AfDB approves US $391 million for Kenya’s water and sanitation project

09-Nov-2016 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, November 9, 2016 approved US $391 million to help finance a major water and sanitation program in Kenya. The Kenya Towns Sustainable Water Supply and Sanitation Program is designed to improve access, quality, availability and sustainability of water supply in 19 towns and wastewater management services in 17 towns across the country.