Loans & Grants

Displaying 251 - 300 of 1608

Mali : la Banque africaine de développement accorde un prêt de 8 millions d’euros pour soutenir le commerce

17-May-2018 - C’est une bonne nouvelle pour le commerce au Mali, mais surtout pour les petites et moyennes entreprises : le Conseil d'administration de la Banque africaine de développement a approuvé, le 16 Mai 2018 à Abidjan, en Côte d’Ivoire, une ligne de crédit de 8 millions d’euros en faveur de la Banque sahélo-saharienne pour l’investissement et le commerce au Mali (BSIC-Mali). Celle-ci devrait profiter de cette ligne de crédit pour renforcer ses efforts de financement au profit des petites et moyennes entreprises, un des secteurs clés...

Nigeria: African Development Bank approves US$100 million for expansion of fertilizer production

17-May-2018 - The African Development Bank has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.

EUR 200 million to develop Morocco’s agricultural value chains and reinforce sustainable job creation

16-May-2018 - The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco. This operation will support the creation of jobs in rural areas by developing inclusive value chains that will Increase the sustainability and effectiveness of jobs created through green governance and water resource management. It will also finance the implementation of agriculture, environment, employment and vocational training strategies.

African Development Bank approves US$20 million facility to boost lending to SMEs in Liberia

16-May-2018 - The African Development Bank has approved US$ 20 million facility to boost lending to small and medium-sized enterprises in Liberia. The loan, approved by the Board of Directors of the Bank on Wednesday, May 16, 2018, is a trade finance package for three Liberian commercial banks: Liberian Bank for Development and Investment (LBDI); International Bank of (Liberia) Limited (IBL) and Afriland First Bank Liberia Limited.

African Development Bank approves US $1.5 million for Jigawa on-grid IPP solar power procurement program

09-May-2018 - The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program.

African Development Bank approves US $1.5 million for Jigiwa on-grid IPP solar power procurement program

09-May-2018 - The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program.

Commerce intra-africain : la Banque africaine de développement et la banque centrale populaire signent un accord de 100 millions de dollars

08-May-2018 - La Banque africaine de développement et la Banque centrale populaire du Maroc ont signé, le mardi 8 mai 2018, un accord de participation aux risques (APR) d’un montant de 100 millions de dollars américains. Ce programme de partage des risques, une première dans le secteur bancaire marocain, devrait permettre d’atteindre un volume de transactions de quelque 700 millions de dollars dans les trois ans.

African Development Bank provides 121 villages in Tanzania with improved access to reliable and affordable electricity

07-May-2018 - In line with its Light up and power Africa initiative, the African Development Bank is expanding access to reliable and affordable electricity with funding support for the construction of the Zuzu substation in Dodoma, connecting 121 villages to the power supply in the capital city.

Tunisie : un prêt de 8 millions d’euros de la Banque africaine de développement à Hannibal Lease pour stimuler l’essor des PME

02-May-2018 - Lundi 30 avril 2018, la Banque africaine de développement a entériné l’octroi d’un prêt de 8 millions d’euros en faveur d’un établissement tunisien de crédit spécialisé dans le leasing, Hannibal Lease. Outre cette ligne de crédit, la Banque lui offre également une subvention d’assistance technique, afin d’améliorer, notamment, son dispositif d’analyse et de maitrise des risques et de l’aider à mettre en place un système de gestion des effets environnementaux et sociaux de ses opérations.

The Board of Directors approves a Mutual reliance for procurement in joint co-financed public sector operations between African Development Bank and European Investment Bank

30-Apr-2018 - The Board of Directors of the African Development Bank (AfDB) has affirmed cognizance of the strategic role of sustainable procurement and governance and has approved the Policy paper entitled: Mutual Reliance for procurement in joint co-financed public sector operations between African Development Bank and European Investment Bank.

Cameroon: 25th Member State to ratify the African Legal Support Facility Treaty

24-Apr-2018 - The President of the Republic of CameroonPaul Biya, ratified the agreement to establish the African Legal Support Facility (ALSF) on April 13, 2018 in the presence of his cabinet. Cameroon is the 25th Member State to ratify the treaty.

EIB and African Development Bank to support private sector investment in Nigeria with Development Bank of Nigeria backing

19-Apr-2018 - The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank.

The African Development Bank supports Nigeria’s healthcare sector

16-Apr-2018 - Lagos State, Nigeria’s largest healthcare market, lacks an adequate supply of quality secondary and tertiary healthcare facilities with only about 700 to 1,000 quality beds for a population of over 21 million people.

Three leading development finance institutions sign loan agreement to support capital markets and high impact sectors in Africa

13-Apr-2018 - Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members have signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.

African Development Bank and Portuguese Government plan to unlock growth opportunities in Africa’s Lusophone countries

12-Apr-2018 - To help unlock economic growth, the African Development Bank is coordinating the implementation of an integrated development strategy for Portuguese-speaking countries in Africa. In preparation for the rollout of this initiative, the Bank and the Government of Portugal have signed an agreement to provide language training to African Development Bank staff interested in learning Portuguese, as well as professional conference translation services.

African Development Bank’s Trade Finance Operation signs US $100-million soft commodity finance facility agreement with the Export Trading Group

12-Apr-2018 - The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is innovatively structured as two successive loans of US $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s strong commitment to the promotion of agriculture in Africa.

Fund for African Private Sector Assistance approves three projects to spur SME development in Africa

06-Apr-2018 - Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of Japan and the Government of Austria – have approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Africa’s small and medium enterprises. These grants will help strengthen the participation of Africa’s SMEs in financial markets and the agriculture sector.

African Development Bank approves a US $50-million Risk Participation Agreement for Commerzbank AG to address Africa’s trade finance market demand

05-Apr-2018 - The Board of Directors of the African Development Bank has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation will leverage Commerzbank support to African issuing banks seeking to expand their trade finance operations. The facility will help address trade finance market demand in key economic sectors such as agriculture and manufacturing. It will also foster financial sector development, regional integration and boost government revenue generation.

La Banque africaine de développement octroie 11,23 millions USD à Madagascar : énergie, agriculture et lutte contre la peste

04-Apr-2018 - Le gouvernement de Madagascar et le Groupe de la Banque africaine de développement (BAD) ont signé, le 30 mars 2018 à Antananarivo, cinq accords de financement de projets d’un montant d’environ 11,23 millions USD.

AfDB bolsters efforts to flight cholera and flooding in Accra

31-Mar-2018 - Low-income residents of the Ghanaian capital, Accra suffering from frequent cholera and flooding will soon experience some relief. The Board of Directors of the African Development Fund (ADF) on Tuesday, March 29, 2017 approved a loan of approximately US $ 49 million to the Government of Ghana to increase access to safe and sustainable sanitation and facilitate income generation support for urban and peri-urban poor residents of the Greater Accra Metropolitan Area (GAMA).

The Republic of Angola and the Bank sign a loan agreement of US $101.07 million to support agricultural value chains development in Cabinda Province

29-Mar-2018 - The Government of the Republic of Angola, represented by Augusto Archer de Sousa Mangueira, Minister of Finance and Governor for the African Development Bank, and the Bank, represented by Joseph Ribeiro, Country Manager for Angola, signed on Tuesday, January 16, 2018 in Cabinda Province, a loan agreement in the amount of US $101.07 million for the Cabinda Provincial Agriculture Value Chains Development Project.

African Development Bank signs deal with International Solar Alliance to propel solar development in Africa

12-Mar-2018 - In a major boost for its Light up and power Africa initiative, the African Development Bank has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa.

The African Development Bank obtains US$ 52.5 million Green Climate Fund for Zambia Renewable Energy

07-Mar-2018 - At its 19th Board Meeting in Songdo, South Korea, the Board of the Green Climate Fund (GCF) has approved the first funding proposal of the African Development Bank for Zambia’s Renewable Energy Financing Framework. The GCF will provide a US$ 50 million loan and a US$ 2.5 million grant

African Development Bank Board approves Records Management Policy

07-Mar-2018 - The Board of Directors of the African Development Bank approved the institution’s Records Management and Archives Policy on Wednesday, February 28, 2018. The policy is based on reviews of frameworks and best practices on records management from the other development banks. The policy builds on the Bank’s Disclosure and Access to Information Policy (2013) and its Digital Strategy 2017-2020, including the provisions and safeguards of digital security of records from creation until disposal.

African Development Bank approves US $100-million Trade Finance Facility in Angola

06-Mar-2018 - The Board of Directors of the African Development Bank has approved a US $100-million Trade Finance Line of Credit to Angola’s Investment Bank (Banco Angolano de Investimentos, BAI). The funding will support international trade transactions of small and medium enterprises (SMEs) and local corporates in identified transformative sectors in Angola.

African Development Bank supports Gabon's Optic Fiber Backbone Project

23-Feb-2018 - The African Development Bank  and the Gabonese National Agency for Numerical Infrastructure and Frequency (ANINF) have signed agreements a feasibility study for the country’s component of the Central African Backbone (CAB) project. The project is an integrated, innovative and transformative infrastructure which consist of completing the 901.8 km fiber optic connectivity to cover 14 missing links on the Gabonese national backbone. 

Adesina urges America to support African agriculture as a business

22-Feb-2018 - The President of the African Development Bank, Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s 94th Agriculture Outlook Forum in Virginia on Thursday, on the theme The Roots of Prosperity.

African Development Bank Board Approves Rockefeller Foundation Trust Fund with initial US$ 3 million to support the High 5s

21-Feb-2018 - The Board of Directors of the African Development Bank Group has approved the establishment of a Rockefeller Trust Fund to be hosted by the Bank. With an initial endowment of US$ 3 million dollars, the Fund will support the Bank’s activities, particularly with regards to two of its five high priorities – Feed Africa and improve the quality of life for the People of Africa.  Subsequent contributions may also be received to support other areas of the High 5s.

ADEA-USAID Global Book Alliance Partnership: Time to Eliminate Book Hunger for Children in Africa

15-Feb-2018 - A high-level technical meeting on the Global Book Alliance (GBA), organized by the Association for the Development of Education in Africa (ADEA)’s Working Group on Books and Learning Materials (WGBLM) in collaboration with the United States Agency for International Development (USAID) successfully developed a common draft action plan around five pillars for advocating and establ

Japan provides US $700 million to African Development Fund

13-Feb-2018 - The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan to the tune of 73.601 billion Japanese Yen (approx. US $700.9 million). The loan is part of Japan’s contribution to the African Development Fund’s Fourteenth Replenishment (ADF-14). This is the first JICA loan provided to the ADF.

African Development Bank enables Public Private Dialogue in Lesotho

13-Feb-2018 - The African Development Bank and the Lesotho Chamber of Commerce and Industry (LCCI) signed a Fund for African Private Sector Assistance (FAPA) grant agreement of US $915,000 to finance the Economic Diversification Support Technical Assistance Project. 

African Development Bank supports tax modernization project in Lesotho

13-Feb-2018 - The African Development Bank Group and the Kingdom of Lesotho have signed a loan agreement for US $7 million to support the country’s Tax Modernization Project. The project aims to strengthen the effectiveness of tax administration to create fiscal space by expanding the tax base, modernizing collection and compliance procedures. This project is part of the Bank’s continued support to the Government’s policy priorities as guided by the current National Strategic Development Plan (NSDP).

African Development Bank, Egyptian Government push for a new Africa driven by innovation

13-Feb-2018 - “We are literally in a race against time. In the context of the fourth industrial revolution, with rapid growth in artificial intelligence, robotics, nanotechnology, biotechnology, genetic engineering, and big data analytics, it’s clear that Africa needs to do more not to be left behind.” − Akinwumi Adesina, President of the African Development Bank.

NEPAD-IPPF supports African countries to strengthen regional infrastructure: Approves eight projects for US $14.83 million in 2016

09-Feb-2018 - The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) has continued to support African countries to strengthen regional infrastructure connectivity by providing grants for project preparation and development for complex, cross-border regional infrastructure projects in energy, transport, ICT and trans-boundary water.

La Banque africaine de développement octroie 10,2 millions de dollars EU pour la réforme économique en Centrafrique

09-Feb-2018 - Le Groupe de la Banque africaine de développement (BAD) apporte un appui budgétaire à la République centrafricaine comme prévu dans son plan de trésorerie. C’est dans cette dynamique que le ministre centrafricain de l’économie, du plan et de la coopération, Gouverneur de la Banque, Felix Moloua et le Responsable-pays de la BAD pour la RCA, Joel Sibaye Tokindang, ont signé le 5 février 2018 à Bangui, un accord de don d’environ 10,2 millions de dollars américains destiné à financer la seconde phase du Programme d’appui aux réformes économiques...

Banque africaine de développement : don de 980 000 dollars américains pour le Projet d’appui au développement du marché financier régional de l’Union monétaire ouest-africaine

09-Feb-2018 - La Banque africaine de développement et le Conseil régional de l’épargne publique et des marchés financiers (CREPMF) ont signé, jeudi 8 février à Abidjan, un accord de don d’un montant de 980 000 dollars américains pour le Projet d’appui au développement du marché financier régional (PADMAFIR) de l’Union monétaire ouest-africaine (UMOA).

African Development Bank President briefs diplomatic corps in Côte d’Ivoire on progress and perspectives for Africa’s development

07-Feb-2018 - The President of the African Development Bank Group, Akinwumi Adesina, hosted the annual luncheon of diplomats accredited to Côte d’Ivoire in Abidjan on Tuesday with an appeal on the Bank’s member countries to contribute to the 7th General Capital Increase to enable the institution to realise its development objectives.

African Development Bank approves ZAR 140-million loan to support African Local Currency Bond Fund

05-Feb-2018 - The Board of the African Development Bank has approved a ZAR 140-million loan (about US $10 million) to the African Local Currency Bond Fund (ALCB Fund), to further enhance the Fund’s portfolio and promote the development of domestic capital markets across the continent. The senior loan with a seven-year tenor including a two-year grace period, will support opportunities for local African corporate issuers to access and diversify their long-term funding sources in local currency and crowd in local institutional investors.

Les administrateurs du Groupe de la Banque africaine de développement renouvellent leur appui aux efforts de la Tunisie

02-Feb-2018 - En mission de consultation en Tunisie, une délégation du Conseil d’administration du Groupe de la Banque africaine de développement a salué, vendredi 2 février 2018, à Tunis, la dynamique de développement engagée par les autorités tunisiennes, à l’issue d’une rencontre avec le chef du gouvernement, Youssef Chahed. La délégation d’administrateurs a saisi l’occasion pour échanger avec le Premier ministre Youssef Chahed sur les priorités actuelles du gouvernement et passer en revue les divers volets de la coopération bilatérale entre la Banque et...

Le vice-président des Opérations de la Banque africaine de développement réaffirme l’excellence du partenariat avec le Maroc

02-Feb-2018 - Le vice-président du Développement régional, de l’intégration régionale et de la prestation de services de la Banque africaine de développement, Khaled Sherif, a rencontré, vendredi 2 février 2018 à Rabat, le chef du gouvernement marocain, Saâd Eddine El Othmani, accompagné de la Responsable-pays de la Banque pour le Maroc, Leïla Farah Mokaddem.

The African Water Facility holds 17th Governing Council in Dakar

24-Jan-2018 - The African Water Facility (AWF) organized its 17th Governing Council Meeting on January 22-23, 2018 in Dakar, Senegal. The event was hosted by the Ministry of Water and Sanitation of Senegal and chaired by Mansour Faye, Chair of the Governing Council and Minister of Water and Sanitation of Senegal. Thirty participants representing African Ministers in charge of water resources, development partners, observers and recipients of AWF grants attended the meeting.

Énergie au Mali : 12 500 nouveaux abonnés raccordés au réseau grâce à 28 millions de dollars de financement de la Banque africaine de développement

19-Jan-2018 - 55 localités situées en milieu rural sont ciblées par le projet d’énergies renouvelables 400 emplois devraient être créés L’année 2018 commence sous de bons auspices pour les populations rurales du Mali : près de 12 500 nouveaux abonnés vivant en milieu rural seront prochainement raccordés au réseau électrique grâce à un financement de plus de 28 millions de dollars américains assuré par la Banque africaine de développement.

“African Development Bank’s lifeline lifted Nigeria out of recession”: Buhari

19-Jan-2018 - The African Development Bank provided a much-needed lifeline at a time when it was very difficult to secure budget support loans from anywhere else, as the country struggled with the 2015-2016 economic recession, the Nigerian Government has said.

Angola and the African Development Bank sign USD 101 million to support agricultural value chains development in Cabinda Province

18-Jan-2018 - The African Development Bank is fully engaged in ensuring efficient and sustainable agricultural production projects in its regional member countries. This can drive economic growth and poverty reduction as well as fulfil both domestic and global demand for agricultural products.

La Banque africaine de développement débloque 16,68 millions d’euros pour le Projet dorsale à fibre optique d’Afrique Centrale

18-Jan-2018 - Le Groupe de la Banque africaine de développement (BAD) va œuvrer à la réalisation d’un système, en vue d’interconnecter par la fibre optique, la République centrafricaine, le Cameroun et le Congo.

African Development Bank approves US $500-million third and final tranche budget support loan for governance reforms in Egypt

17-Jan-2018 - The Board of Directors of the African Development Bank has approved a US $500-million loan to finance Egypt’s Economic Governance and Energy Support Program Phase III. This is the last in a series of three annual loans worth a total of US $1.5 billion covering the fiscal years 2015-2016 to 2017-2018 for the Economic Governance and Energy Support Program Based Operation.

First Meeting by High Level Panel on International Migration in Africa pushes migration issues to the top of the policy agenda

16-Jan-2018 - The first meeting of the High Level Panel on International Migration in Africa (HLPM) highlighted regional migration priorities and actionable commitments that will lead to the successful implementation of the work plan of the Panel in preparation of the final report.

Integrity in Development Projects: The African Development Bank and GH Management Consultants Conclude a Settlement Agreement and Resolve Fraud Allegations

16-Jan-2018 - The African Development Bank Group (AfDB), on 16 January 2018, announced the conclusion of a settlement agreement with GH Management Consultants and its managing partner, Mr. George HANIN.

Nigeria consolidates position as African Development Bank’s largest shareholder

14-Jan-2018 - Nigeria’s President, Muhammadu Buhari, will commission the new office complex of the African Development Bank in Abuja on January 18, 2018, consolidating the country’s position as the Bank’s largest shareholder. The state-of-the-art Nigeria Country Department (RDNG) office complex, situated in the Central Business District of Abuja, the country’s capital, is the first permanent structure to be designed and constructed in any regional member country of the Bank.

African Development Bank President to Participate in High-Level Panel on International Migration in Africa

14-Jan-2018 - The President of Liberia, Ellen Johnson Sirleaf, will host the inaugural meeting of the High-Level Panel on International Migration in Africa (HLPM), in Monrovia on Monday, January 15, 2018. Participants include the President of the African Development Bank, Akinwumi Adesina, and the Executive Secretary of the United Nations Economic Commission for Africa, Vera Songwe.