Loans & Grants
18/12/2014 - – On December 17, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a donation of approximately US $108 million from the resources of the African Development Fund (AFD) to the Democratic Republic of Congo (DRC).
04/12/2014 - Nyumba Ya Akiba Cement project in the Democratic Republic of Congo marked a significant milestone on November 27 with the loan signing of US $135 million, making it a strong step towards country’s industrialization through improvement of the cement market.
22/10/2014 - The Board of Directors of the African Development Bank on Wednesday, October 22 in Abidjan, Côte d’Ivoire, approved a grant of US $82.7 million (UA 55.56 million*) for the development of a 56-kilometre portion of the Batshamba-Tshikapa road in the Democratic Republic of Congo, between Lovua and Tshikapa on the country’s NR1. The grant supplements earlier Bank interventions on the same road.
11/12/2013 - The Board of Directors of the African Development Bank Group approved on Tuesday, December 10, 2013 in Tunis, two grants and a loan amounting to US $105.26 million (UA 70.14 million) to finance the Lovua-Tshikapa section of the Batshamba-Tshikapa road project in the Democratic Republic of Congo.
28/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) met in Tunis on Wednesday, November 27, 2013 in Tunis, and approved US $161.92 million to finance the reinforcement of socio-economic infrastructure in the Central Region of the Democratic Republic of Congo.
Categories: Democratic Republic of Congo, Water Supply & Sanitation, Human Capital Development, Health, Infrastructure, Rural Water Supply & Sanitation Initiative, Education, Poverty Reduction, ADF, Fragility & Resilience, Board of Directors
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.
28/10/2013 - The African Development Bank Group approved on 24 October 2013 a US$ 16.58 million (UA 10.96 million) African Development Fund (ADF) grant resources to finance the Statistics and Public Finance Institutional Support Project in the Democratic Republic of Congo.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.
12/09/2013 - The Board of Directors of the African Development Bank (AfDB) Group on Wednesday, September 11, 2013 in Tunis approved a US $21.50-million Forest Investment Program (FIP) grant to finance climate change mitigation activities in the Democratic Republic of Congo.
30/08/2013 - The Democratic Republic of Congo (DRC) has won approval of a $21.5 million grant from the Climate Investment Funds (CIF) to jump-start sustainable management of its critically important forest sector to reduce greenhouse gas (GHG) emissions and strengthen forest governance.