Loans & Grants

Displaying 101 - 150 of 1607

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.

African Development Bank invests US$7.5 million in Africa Tech Ventures to boost innovative start-ups

18-Dec-2018 - The Board of Directors of the African Development Bank has approved a US$7.5 million equity investment in Africa Tech Ventures (ATV) to boost operations of highly scalable companies that use technology to innovate in key sectors such as consumer goods, corporate services, education, logistics, energy, fintech, agriculture or healthcare. The equity investment is part of the Boost Africa Investment Program, a joint collaboration between the Bank, the European Commission (EC) and the European Investment Bank (EIB), which has already committed US$...

Sudan: African Development Bank approves US$75 million to DAL Group Co. Ltd to transform country’s food and agriculture

17-Dec-2018 - The African Development Bank has approved its first private sector investment in Sudan in a multi-currency loan equivalent to US$75 million to DAL Group Co. Ltd – one of Sudan’s largest food and agriculture business groups. The investment, approved on 13 December 2018, will support the expansion of the company’s vertically integrated food and agriculture operations to transform the Sudanese agriculture and food industry.

Rwanda: African Development Bank approves €115 million, providing 1.5 million people access to water

17-Dec-2018 - The African Development Bank’s Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services.  The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate of 45% − a figure that is way below the national average of 85%.

African Water Facility has raised €1.4 billion and funded 117 projects in 52 African countries

17-Dec-2018 - The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The Facility has also funded 117 national and regional projects in 52 countries, including transition states, since it began operations in 2006. The AWF received the commendation at the 18th meeting of the Governing Council of the Facility, held 6-7 December 2018 in Abidjan, Cote d’Ivoire.

African Development Bank’s Board approves Bank’s borrowing program for 2019

14-Dec-2018 - The Board of the African Development Bank has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion to be raised from the capital markets. The African Development Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling.

Congo : La Banque africaine de développement s’engage à appuyer la relance économique du pays

14-Dec-2018 - Après deux années de récession due à la crise du secteur pétrolier, l’économie du Congo devrait retrouver des couleurs, avec un taux de croissance de 2 % attendu pour l’année 2018 et de 3,7 % pour 2019.

Kenya: African Development Bank approves €62.914 million loan to improve access to sustainable wastewater services in Nairobi

13-Dec-2018 - The African Development Bank’s Board of Directors has approved €62.914 million to finance the provision of sustainable wastewater services through the ‘Nairobi Rivers Basin Rehabilitation and Restoration Program: Sewerage Improvement Project Phase II’. The objective of the project is to improve access, quality, availability and sustainability of wastewater services in Nairobi City to help restore the Nairobi River Basin.

African Development Bank participates in Women Empowering Africa panel at Africa 2018 Forum

11-Dec-2018 - At the Africa 2018 Forum held in Sharm-El-Sheik from 8-9 December 2018, the role of women and young people in unlocking the economic potential of Africa took centre stage. The Forum is an international event hosted under the High Patronage of President Abdel Fattah Al Sisi of Republic of Egypt, aiming to promote greater economic integration through increased investment flows into Africa.

Gabon : La Banque africaine de développement et Entreprenarium soutiennent 200 femmes entrepreneures, en partenariat avec la Confédération patronale gabonaise

10-Dec-2018 - La Banque africaine de développement et Entreprenarium ont noué un partenariat dans le cadre d’AFAWA (Initiative pour favoriser l’accès des femmes au financement en Afrique, acronyme en anglais) pour soutenir 1 000 femmes entrepreneures dans cinq pays africains. Ces deux organisations se sont associées à la Confédération patronale gabonaise (CPG) pour la mise en œuvre du programme au Gabon.

Malawi: African Development Bank US$ 35 million loan to boost agriculture and natural resource management

06-Dec-2018 - The African Development Bank has approved a US$ 35 million loan for the Shire Valley Transformation Program - Phase 1 (SVTP-1), aimed at reducing poverty through the development of agricultural value chain and climate adaptation mechanisms. The Shire Valley Transformation Project will provide access to gravity fed irrigation and drainage services to the Chikwawa and Nsanje Districts south of Malawi. It will also secure land tenure for smallholder farmers and strengthen management of wetlands and protected areas.

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

06-Dec-2018 - “Africa is a continent of great change and opportunities. However, Europe finds it difficult to understand that its future lies in the South and not in the North,” said Giovanni Tria, Italian Minister of Finance and Economy. He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank. Africa is currently  home to five of the world’s fastest growing economies, and only 4 African countries out of 54 will record negative growth in 2018, compared to 8 in previous years.

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 Continental Customs Union and the...

The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project

03-Dec-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities.

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.

Barrage Kandadji au Niger : 436 millions mobilisés pour la réinstallation des populations

03-Dec-2018 - La Banque africaine de développement a accueilli une table ronde des partenaires techniques et financiers, le 30 novembre 2018 à Abidjan, sur le financement du Plan d’action de réinstallation (PAR 2) de la deuxième vague des populations concernées par le programme Kandadji, au Niger. Environ 436 millions de dollars américains, dont 60 millions de la Banque africaine de développement, chef de file des partenaires du programme Kandadji, ont été mobilisés pour la mise en œuvre de PAR 2, pour un besoin de 432 millions de dollars.

Cameroun : 150 millions d’euros de la Banque africaine de développement pour soutenir la compétitivité et la croissance

03-Dec-2018 - Dans la continuité de la première phase du Programme d’appui à la compétitivité et à la croissance économique au Cameroun (PACCE I), le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 29 novembre 2018, un prêt de 150 millions d’euros pour engager la deuxième phase de cette initiative. Ce vaste programme de réformes est une opération pluriannuelle d’appui budgétaire sur trois ans qui court de 2017 à 2019.

South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa

30-Nov-2018 - The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This will offset diesel-fueled Open Cycle Gas Turbine’s (OCGT’s) operating at peak demand, thereby avoiding and mitigating carbon dioxide (CO₂) emissions from...

Kenya: African Development Bank Group approves US$18.17 million for the Kopere Solar Project in Kenya

30-Nov-2018 - The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP).

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. 

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.

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.

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 continent’s benefit.

Niger : 28 millions de dollars de la Banque africaine de développement en soutien aux réformes économiques

28-Nov-2018 - Satisfait des résultats de la mise en œuvre de la première phase du Programme d’appui aux réformes et à la résilience économique (PARRE) au Niger, le Conseil d’administration de la Banque africaine de développement a accordé, le mardi 27 novembre 2018, une nouvelle assistance financière de 28 millions de dollars, répartie en un prêt du Fonds afric

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.

Gabon : Un renfort de 100 millions d’euros de la Banque africaine de développement pour consolider les réformes économiques du pays

27-Nov-2018 - Au cours des années 2016 et 2017, la Banque africaine de développement a accordé deux appuis budgétaires au Gabon, pour soutenir les réformes du pays destinées à rétablir sa stabilité macroéconomique après l’effondrement des cours du pétrole et à redresser ses finances.

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 marks Toilet Day with US$500 million commitment to new sanitation funding

21-Nov-2018 - As the African Development Bank joined the international community to observe World Toilet Day on November 19, the organization is putting considerable financial muscle into the global effort to improve toilets, and sanitation in general.

Kenya receives new €235 million loans from African Development Bank to complete Thwake dam

19-Nov-2018 - The African Development Bank's Board of Directors has approved two loans worth €235.763 million for the completion of  construction work on Thwake dam on Thwake River in southern Kenya.  This is a strategic water supply project for the large semi-arid area of Makueni County and surrounding regions, including the new technology city of Konza. The loans were approve on 14 November.

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 potential to scale across the...

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.

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.

Africa agribusiness, a US$1 trillion business by 2030

09-Nov-2018 - As project sponsors, borrowers, lenders and investors gathered at the Africa Investment Forum to make deals on investment opportunities, leaders of the continent’s  top agribusiness companies shared their thoughts on the future of the industry. With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent, African Investment Forum participants said, fueling the motor of inclusive growth.

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.

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.

Côte d’Ivoire : Prêt de €42 millions de la Banque africaine de développement pour améliorer l’accès à l’électricité en milieu rural

08-Nov-2018 - A l’horizon 2021, le Gouvernement de Côte d’Ivoire ambitionne d’électrifier toutes les localités de plus de 500 habitants. Pour réaliser  cet objectif, le pays a bénéficié, le mercredi 7 novembre 2018, d’un prêt de €42,3 millions de la Banque africaine de développement en vue de financer le projet d’amélioration d’accès à l’électricité en milieu rural qui s’inscrit dans le cadre du Programme National d’Electrification Rurale (PRONER) élaboré par le Gouvernement en 2013.

The Trade and Development Bank and USAID Sign MoU to Power Africa

08-Nov-2018 - The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum, where emphasis on investment is at the core of tens of transactions anticipated to take place.

Kinshasa, Brazzaville Ink Landmark Bridge Project

07-Nov-2018 - On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.

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.

Maroc : la Banque africaine de développement appuie l’extension et la modernisation de l’aéroport international de Rabat-Salé

06-Nov-2018 - Le Maroc va renforcer sa compétitivité, ainsi que l’attractivité de la zone économique Rabat-Salé, pour en faire un hub régional. Dans cette dynamique, la Banque africaine de développement, a apporté un appui financier de 75 millions d’euros au pays, pour l’extension et la modernisation de l’aéroport international de Rabat-Salé.

African Development Bank to invest over US$ 500 million in New City Wide Inclusive Sanitation projects with support from Gates Foundation

06-Nov-2018 - The African Development Bank announces a new initiative to promote innovation and citywide inclusive sanitation services for sub-Saharan Africa’s urban inhabitants. The Bank’s Africa Urban Sanitation Investment Fund Program, with support from the Bill & Melinda Gates Foundation, is funding the initiative designed to focus on the poor.

Uganda’s Kampala-Jinja Expressway Project approved by African Development Bank

05-Nov-2018 - The African Development Bank has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project. The financing will reinforce Uganda’s position as a regional transit hub, supporting its ambition to propel its economy into middle-income status by 2020.

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 agreement was signed on 15 October...

The African Development Bank Launches Mozambique’s Lurio University Support Programme and awards 68 scholarships

02-Nov-2018 - The African Development Bank and Mozambique’s Lúrio University recently launched the UniLúrio Support to Skills Development for Agriculture and Industry Programme in Pemba, and, awarded 68 scholarships of which 39 (57%) were allocated to women. The Bank is investing UA 11.10 million (US$ 15.5 million), grant in the five-year project.