Loans & Grants

Displaying 1441 - 1460 of 1811

AfDB and BOAD Sign FCFA 28.7 Billion Investment Agreement

22-Jul-2008 - Tunis, 22 July 2008 – The African Development Bank Group (AfDB) and the West African Development Bank (BOAD) on Monday, in Tunis, signed a financial agreement comprising an equity participation, a line of credit and an institutional support amounting to CFAF 28.7 billion. The support aims at strengthening BOAD’s financial and institutional capacity to consolidate its role as a sub-regional financial intermediary.

AfDB Private Sector Invests in Health Sector : Complementing the public sector in increasing healthcare provision

22-Jul-2008 - Tunis, 22 July 2008 - The Board of Directors of the African Development Bank (AfDB) on Tuesday in Tunis approved an investment of US$ 20 million in Equity Vehicle for Health in Africa (EVHA). EVHA is an investment vehicle and institutional capacity building project focused on providing risk capital and technical assistance to Africa’s under-served small and medium-sized private healthcare enterprises.

AfDB Approves US$ 8 Million Line of Credit for Mauritania’s Trade and Industry Bank

17-Jul-2008 - Tunis, 17 July 2008 – The Board of Directors of the African Development Bank (AfDB) approved under the private sector window a US$ 8 million line of credit to Mauritania’s Trade and Industry Bank (BCI).

AfDB and Burkina Faso Sign FCFA 30.6 Billion Budget Support Agreements

17-Jul-2008 - Tunis, July 18, 2008 - The African Development Bank (AfDB) Group and the Burkina Faso government have signed a combined loan and grant agreement of 45 million Units of Account (UA*), equivalent to US$ 73.5 million (FCFA 30.6 billion) to finance Burkina Faso’s Fourth Poverty Reduction Strategy Support Programme (PRSSP IV).

AfDB approves US$ 5 Million line of credit to Mauritania Leasing

17-Jul-2008 -

AfDB Approves a Private Sector Investment of US$ 25 Million Equity in the Rising Africa Infrastructure Fund

17-Jul-2008 - Tunis, 17 July 2008 – The Board of Directors of the African Development Bank Group approved a US$ 25 million equity investment in the Rising Africa Infrastructure Fund (RAIF or the Fund), which will make investments in Public-Private Partnership (PPP) projects that would cover not only concession-type projects for commercial infrastructure but also Private Finance Initiative (PFI) projects for social infrastructure.

AfDB Approves US$ 24.5 Million for Onchocerciasis Control Program in Africa

15-Jul-2008 - Tunis, 15 July 2008 – The Board of Directors of the African Development Fund (ADF), the soft loan window of the African Development Bank (AfDB) Group, in Tunis on Tuesday approved a grant of 15 million Units of Account (UA*) about US$ 24.5 million to finance Phase II and the phasing out stage of the Onchocerciasis (river blindness) Control Programme (APOC) in 19 African countries.

AfDB Approves US$ 23 Million Grant for West African Monetary Zone Payment System Development Project

09-Jul-2008 - Tunis, 9 July 2008 – Efforts by the West African Monetary Institute (WAMI) to promote the creation of a single currency in the sub-region by standardizing the payment systems in The Gambia, Guinea and Sierra Leone, received strong support on Wednesday in Tunis where the Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved a grant of 14 million Units of Account (UA*), equivalent to US$ 23 million to finance part of the West African Monetary Zone (WAMZ) Payment...

Le Groupe de la BAD approuve un prêt de 97 millions de dollars pour un programme d’appui budgétaire à Madagascar

02-Jul-2008 - Tunis, le 2 juillet 2008 –  Le conseil d’administration du Fonds africain de développement (FAD) a approuvé, mercredi à Tunis, l’octroi d’un prêt de 97 millions de dollars US (60 millions d’unités de compte) au gouvernement de Madagascar pour financer le Programme d’appui budgétaire à la réduction de la pauvreté phase II (PABRP-II).

Malawi: AfDB Approves US$ 47 Million for National Water Development Programme

02-Jul-2008 - Tunis, 2 July 2008 – Efforts by Malawi to achieve sustainable development and poverty reduction received a boost on Wednesday in Tunis, where the Board of Directors of the African Development Bank (AfDB) Group approved a loan and two grants of a combined 29.15 million Units of Accounts (UA*), about US$ 47.24 million, to finance the country’s National Water Development Program (NWDP).

AfDB and Morocco Sign €66 Million Budget Support Loan Agreement

27-Jun-2008 - Tunis, 25 June 2008 – The African Development Bank (AfDB) and the Kingdom of Morocco have signed a €66 million loan agreement to finance the third phase of the country’s Public Administration Reform Support Programme (PARAP III) which was approved on Wednesday, 25 June 2008,  in Tunis, by the Board of Directors of the Bank Group.

Bank Group Signs First Private Sector Loan in Ethiopia

25-Jun-2008 - The Bank Group on Tuesday in Addis Ababa signed its first private sector loan agreement in Ethiopia. The US$ 200 million loan agreement between the Bank Group representing other donors - IFC, EIB and Development Bank of Ethiopia - and the Derba Midroc Cement PLC will help the Ethiopia-based company finance its projects in the country. The signing ceremony was attended by the country’s President, Grima Worlde Giorgis; Ethiopia’s Deputy Prime Minister, Addisu Legesse; as well as other senior government officials, members of the diplomatic corps...

Morocco: AfDB Approves €66 Million for Public Administration Support Programme

25-Jun-2008 - Tunis, 25 June 2008 – The African Development Bank (AfDB) will support the third phase of Morocco’s Public Administration Reform Support Programme (PARAP III) with a €66 million loan approved on Wednesday in Tunis, by the Bank’s Board of Directors.

Nigeria: AfDB Approves US$ 85 Million for Lekki Toll Road Project

20-Jun-2008 - Tunis, 12 March 2008 – The Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Tunis approved a senior loan of up to US$ 85 million to help finance the upgrade/rehabilitation of the Lekki to Epe expressway, linking Victoria Island with the Lekki peninsula in Lagos, Nigeria’s economic capital.

AfDB Approves US$ 500,000 Post-Conflict Emergency Relief for Kenya

20-Jun-2008 - Tunis, 20 June 2008 – The Board of Directors of the African Development Bank (AfDB) Group has approved a grant of US$ 500,000.0 million from its Special Relief Fund (SRF) to finance emergency relief programmes to alleviate the sufferings of victims of the recent post-election violence in Kenya.

AfDB Finance for Zambia’s Electric Power Project

16-Jun-2008 - Lusaka, 12 June – The African Development Bank (AfDB) Group on Thursday in Lusaka, signed US$ 1.2 million grant agreement with the Zambia Electricity Supply Corporation (ZESCO). AfDB Vice President for Country Policy and Programmes, Joseph Eichenberger, who signed for the Bank, said at a brief ceremony at the ZESCO headquarters that the grant would finance advisory services for two electric power generation projects in Zambia.

Tunisia: AfDB Approves US$ 263 Million for Road Project

11-Jun-2008 - Tunis, 11 June 2008 – Efforts by the Tunisian government to provide the country with efficient transport infrastructure were highly commended on Wednesday in Tunis by the Board of Directors of the African Development Bank (AfDB) Group which approved a loan of 162.5 million Units of Account (UA*), equivalent to US 263.4 million (TND 307 million) to finance the Bank Group’s fifth Road Project in the country.

AfDB Group Approves US$ 52 Million for Water and Sanitation Project in Mali

11-Jun-2008 - Tunis, 11 June 2008 – Mali will benefit from a combined loan and grant of 32 million Units of Account (UA*), equivalent to US$ 52 million (FCFA 22 billions) to finance a drinking water supply and sanitation project in the Gao, Koulikoro and Segou regions of the country.

Benin, AfDB Sign FCFA 12 Billion Loan Agreement to Finance Power Connection Project

03-Jun-2008 - Tunis, 3 June 2008 – The African Development Bank (AfDB) Group and the Republic of Benin have signed an agreement for a loan of 17.39 million Units of Account (UA), equivalent to US$ 28.2 million (FCFA 11.9 billion) to finance the country’s segment of a power connection line with neighbouring Togo and Ghana. The agreement was signed on Monday in Tunis by the Bank Group’s Vice-President in charge of Infrastructure, Private Sector and Regional Integrations, Mandla Gantsho, and Benin’s Ambassador to Morocco, Bio Torou Guiwa.

ADF Approves US$ 15 Million Supplementary Loan to Fund Nouakchott Water Supply Project

29-May-2008 - Tunis, 29 May 2008 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on Wednesday in Tunis, a supplementary loan of 9.46 million Units of Account* (US$ 15 million) to finance the provision of safe drinking water from the Senegal River (Aftout Essaheli) to Nouakchott, capital of Mauritania.