Loans & Grants
17/06/2014 - The Board of Directors of the African Development Bank (AfDB) approved on 13 June 2014 a loan of USD 300 million to Dangote Industries Limited for the construction and operation of a greenfield crude oil refinery and a greenfield fertilizer manufacturing plant.
28/05/2014 - Snamprogetti Netherlands B.V. admits to corrupt practices from 1995 until 2004 by affiliated companies in relation to the award of AfDB-financed services contracts for liquefied natural gas production plants on Bonny Island, Nigeria.
23/05/2014 - The Export-Import Bank of India (Exim Bank) and Nigeria signed a US $100-million line of credit agreement on May 22, for the financing of three energy projects in the provision of electricity transformers to solar electrification in rural areas.
13/05/2014 - In support of the Government of Angola’s efforts to reform the power sector, the Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 13 in Tunis a US $1 billion loan for the Angola Power Sector Reform Support Program. The overarching objective of the energy sector budget support program is to promote inclusive economic growth by improving operational and cost efficiency in the sector and consolidating public financial management reforms.
16/04/2014 - The African Development Bank (AfDB), with the Dutch Development Bank FMO, the Development Bank of Southern Africa (DBSA) and Propaco of France on Monday, April 14 signed a USD142 million loan to develop the 120 MW Itezhi Tezhi power project. It is the first public-private partnership energy project in Zambia and is being developed jointly by TATA Africa and ZESCO Limited as an independent power producer, and the Itezhi Tezhi Power Company (ITPC).
08/04/2014 - Following the signing of the Capacity Building Project between the African Union Commission (AUC) and the African Development Bank during the meetings of the African Heads of State and Government held in Addis Ababa, Ethiopia, in January 2014, the AfDB formally launched the project in Centurion, South Africa, on April 7, 2014.
Categories: Ethiopia, South Africa, Energy & Power, NEPAD, Programme for Infrastructure Development in Africa (PIDA), Employment, Information & Communication Technology, Infrastructure, Transport, Gender, Water Supply & Sanitation
04/04/2014 - A joint commitment under the theme of “Investing in People, Prosperity and Peace” was at the centre of the African and European leaders meeting in Brussels on Wednesday, April 2 and Thursday, April 3, 2014.
27/02/2014 - Plans to resuscitate Oku Iboku Pulp and Paper Mill in Akwa Ibom and Cross River States in Southeastern Nigeria were concretized on Wednesday, February 26, 2014 in Tunis, where Executive Directors of the African Development Bank approved a US $30-million loan to finance the rehabilitation project.
26/02/2014 - In response to the significant increase in the demand for electricity in Ghana as a result of the fast growing urbanization and robust economic growth in the country, the Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday, February 26 in Tunis a US $30.47 million grant and a US $43.9 million loan to the Republic of Ghana to reinforce and extend the country’s electricity distribution network.
06/02/2014 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, February 5 2014 in Tunis approved Mauritius’ Country Strategy Paper (CSP) for 2014-2018. The CSP provides the Bank’s strategic business plan in Mauritius for the five-year period. It is designed to help Mauritius build its competitiveness and resilience to exogenous shocks so as to enhance the quality of growth and accelerate the country’s transition to a High Income Country.
Categories: Mauritius, Education, Energy & Power, Human Capital Development, Information & Communication Technology, Infrastructure, Private Sector, Transport, Water Supply & Sanitation, Board of Directors