18-Dec-2007 - On January 17th, alongside its partners, the African Development Bank signed the Loan agreement for the RascomStar-QSF project alongside its development partners. The loan is the final piece of the financing arrangements that will see the launch of the first pan-African communications satellite on 20th December. The total investment in the project is US$380 million of which the Bank provided a loan of US$50 million.
18-Dec-2007 - Tunis, 18 December 2007 – The Boards of Directors of the African Development Bank and African Development Fund approved in Tunis on Tuesday an arrears clearance amounting to 15.21 million Units of Account* (approximately US$ 24 million or 8.1 billion Comorian Francs) in favor of the Union of Comoros. This clearance accounts for 69 % of the Comoros arrears to the African Development Bank Group.
14-Dec-2007 - Tunis, 14 December 2007 - The Board of Directors of the African Development Fund approved on Friday 14 December 2007 in Tunis a loan and a grant amounting to 30 million Units of Account (47.2 million US dollars or 54.3 billion Tanzanian Shilling) to improve electricity suply in Tanzania.
13-Dec-2007 - London, 11 December 2007 – Representatives from donor countries agreed today to a record level of support for the African Development Fund (ADF), the soft window of the African Development Bank. Over the next three years (2008-2010), the total resources available to the ADF will reach US$ 8.9 billion, an increase of 52% over the 2005-2007 period.
11-Dec-2007 - UK Minister for International Development, Shriti Vadera, on December 10, 2007, addressed the ADF-11 replenishment meeting in London. Following on from the UK decision to double its contribution to the ADF, Ms Vadera used the occasion to ask the donor community to similarly increase their commitments to development in Africa and to the AfDB in particular.
05-Dec-2007 - Tunis, 5 December 2007 – Cote d’Ivoire will receive a grant of 20 million Units of Account (UA*), about US$ 31.43 million, approved on Wednesday in Tunis by the Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, to finance a Post-Crisis Multisector Institutional Support Project in the country.
05-Dec-2007 - Tunis, 5 December 2007 – The Board of Directors of the African Development Bank (AfDB) Group approved on Tuesday in Tunis, a USD 150 million loan to finance the Damietta container terminal situated on Egypt’s Mediterranean coast.
The project’s objective is to contribute to the country’s economic growth of the Egyptian economy through the development of maritime transport at the international level. The project comprises the:
28-Nov-2007 - Tunis, 28 November 2007 – The African Development Fund (ADF) will support efforts by the Ghanaian government to resolve the problem of unreliable energy supply which is negatively impacting the economy, with a 27.60 million Units of Account (UA*), about US$ 43.38 million loan, approved by the ADF’s Board on Wednesday in Tunis.
28-Nov-2007 - Tunis, 28 November 2007 – A loan of 12 million Units of Accounts (UA*), about US$ 18.86 million was approved on Wednesday in Tunis by the Board of Directors of the African Development Fund (ADF) to finance the Sumbe Water Supply, Sanitation and Institutional Support Project in Angola.
23-Nov-2007 - Tunis, 21 November 2007 - The Board of Directors of the African Development Fund (ADF) on Wednesday in Tunis approved A loan and a grant with a combined value of 9.5 million Units of Account (UA*) , about US $14.933 million, to finance the Manombo Irrigation Area Rehabilitation Project (PRPIM). The UA 9.202 million loan and UA 298,000 grant will cover the projects’ entire foreign exchange expenses and 60.7% of expenditure in local currency.
23-Nov-2007 - Tunis, 21 November 2007 – The Board of Directors of the African Development Fund (ADF) on Wednesday in Tunis, approved a grant of 1.4 million Units of Accounts (UA*), about US$ 2.2 million, to the Gambia to finance the country’s Institutional Support Project for Economic and Financial Governance. The grant will cater for all foreign exchange and part of the local cost requirements for strengthening macroeconomic management.
23-Nov-2007 - Tunis, 23 November 2007 – The African Development Bank (AfDB), along with other participating development financial institutions (DFIs) have signed loan agreements for the East African Submarine Cable System (EASSy), the landmark fibre-optic cable project that will connect 22 coastal and land-locked African countries to each other and the rest of the world with high-quality Internet and international communications services.
21-Nov-2007 - Tunis, 21 November 2007 – Kenya, Madagascar and the Gambia are the beneficiaries of loans and grants with a combined value of 167.8 million Units of Account (UA*), about US$263.76 million, approved in Tunis on Wednesday by the Board of Directors of the African Development Fund (ADF) the concessional lending arm of the African Development Bank (AfDB) Group.
Kenya will receive 156.9 million UA in loans and grants to finance the Nairobi-Thika highway improvement project as well for support services to the boards of its water services.
21-Nov-2007 - Tunis, 21 November 2007 – In line with its growing emphasis on infrastructure development, the African Development Bank (AfDB) Group will support the improvement of the Nairobi-Thika highway project in Kenya following the approval of a loan and a grant totaling 121 million Units of Account (UA*) equivalent to US$ 190.2 million, by the Board of Directors of the African Development Fund (ADF), the concessional window of the Bank Group, on Wednesday in Tunis.
14-Nov-2007 - The Boards of Directors of the African Development Bank (AfDB) Group approved today in Tunis, loans amounting US$ 334.27 million to finance energy and financial management support projects in Egypt and Angola. The Bank approved US$325 million for Egypt and US$ 9.27 million for Angola.
14-Nov-2007 - Tunis, 14 November 2007 – The African Development Bank (AfDB) will support efforts by Angola’s government to improve public finance management to sustain economic growth and reduce poverty, following the approval of a loan of 5.9 million Units of Account (UA*), about US$ 9.27 million to fund the Financial Management Support Project (PAGEF) in the country.
14-Nov-2007 - Tunis, 14 November 2007 – In line with its increasing focus on infrastructure development, the African Development Bank (AfDB) will support Egypt’s Abu Qir 1300 MW Steam Power Project following the approval of a loan of 214.49 million Units of Account (UA*), about US$325 million by the Bank’s Board of Directors on Wednesday in Tunis.
29-Oct-2007 - Tunis, 29 October 2007 – The Board of Directors of the African Development Bank (AfDB) Group has approved a US$ 5 million new Korean Trust Fund to support the implementation of the Africa-Korea Economic Cooperation Action Plan (KOAFEC) over a five-year period. The fund was approved on 15 October 2007, within the framework of the bilateral cooperation agreement between the Republic of Korea and the AfDB Group.
29-Oct-2007 - Tunis, 29 October 2007 - Efforts to accelerate the implementation of the Bujagali Power Interconnection Project (BIP) in Uganda received a boost last week with the signing of a 19.21-million Units of Account (UA*), about US$ 29.7 million agreement by officials of the African Development Bank Group and the Government of Uganda.
