Loans & Grants

Displaying 73 - 84 of 1572

Kenya: African Development Bank approves €62.914 million loan to improve access to sustainable wastewater services in Nairobi

13-Dec-2018 - 13-Dec-2018 - The African Development Bank’s Board of Directors has approved €62.914 million to finance the provision of sustainable wastewater services through the ‘Nairobi Rivers Basin Rehabilitation and Restoration Program: Sewerage Improvement Project Phase II’. The objective of the project is to improve access, quality, availability and sustainability of wastewater services in Nairobi City to help restore the Nairobi River Basin. The project, co-financed by the French Development Agency (AFD) with additional € ...

African Development Bank participates in Women Empowering Africa panel at Africa 2018 Forum

11-Dec-2018 - 11-Dec-2018 - At the Africa 2018 Forum held in Sharm-El-Sheik from 8-9 December 2018, the role of women and young people in unlocking the economic potential of Africa took centre stage. The Forum is an international event hosted under the High Patronage of President Abdel Fattah Al Sisi of Republic of Egypt, aiming to promote greater economic integration through increased investment flows into Africa. Gathering more than 1,000 leaders in business and policy from across Africa and the world, including a delegation from the...

Gabon : La Banque africaine de développement et Entreprenarium soutiennent 200 femmes entrepreneures, en partenariat avec la Confédération patronale gabonaise

10-Dec-2018 - 10-Dec-2018 - La Banque africaine de développement et Entreprenarium ont noué un partenariat dans le cadre d’AFAWA (Initiative pour favoriser l’accès des femmes au financement en Afrique, acronyme en anglais) pour soutenir 1 000 femmes entrepreneures dans cinq pays africains. Ces deux organisations se sont associées à la Confédération patronale gabonaise (CPG) pour la mise en œuvre du programme au Gabon. Au cours des quatre prochains mois, des sessions de formation sur le développement d’entreprise et la planification...

Malawi: African Development Bank US$ 35 million loan to boost agriculture and natural resource management

06-Dec-2018 - 06-Dec-2018 - The African Development Bank has approved a US$ 35 million loan for the Shire Valley Transformation Program - Phase 1 (SVTP-1), aimed at reducing poverty through the development of agricultural value chain and climate adaptation mechanisms. The Shire Valley Transformation Project will provide access to gravity fed irrigation and drainage services to the Chikwawa and Nsanje Districts south of Malawi. It will also secure land tenure for smallholder farmers and strengthen management of wetlands and protected areas...

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

06-Dec-2018 - 06-Dec-2018 - “Africa is a continent of great change and opportunities. However, Europe finds it difficult to understand that its future lies in the South and not in the North,” said Giovanni Tria, Italian Minister of Finance and Economy. He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank. Africa is currently  home to five of the world’s fastest growing economies, and only 4 African countries out of 54 will record negative growth in 2018, compared to 8 in...

AEC2018: Moving the Africa Free Trade Area agreement ahead with quick win solutions

04-Dec-2018 - 04-Dec-2018 - A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is time enough - and practical solutions - to move the process ahead. The African Continental Free Trade (AfCFTA) area aims to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the...

Cameroun : 150 millions d’euros de la Banque africaine de développement pour soutenir la compétitivité et la croissance

03-Dec-2018 - 03-Dec-2018 - Dans la continuité de la première phase du Programme d’appui à la compétitivité et à la croissance économique au Cameroun (PACCE I), le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 29 novembre 2018, un prêt de 150 millions d’euros pour engager la deuxième phase de cette initiative. Ce vaste programme de réformes est une opération pluriannuelle d’appui budgétaire sur trois ans qui court de 2017 à 2019. Le PACCE I, approuvé en décembre 2017, avait retenu une série de mesures...

The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project

03-Dec-2018 - 03-Dec-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities. The Africa Growing Together Fund (AGTF), a US$2 billion facility sponsored by the People’s...

Trade Finance: US$20 million facility for Meridian’s soft commodity value-chain operations in Southern Africa

03-Dec-2018 - 03-Dec-2018 - The African Development Bank (through its Trade Finance operations) has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value-chain operations in the three countries concerned, to help local farmers and soft commodity suppliers grow their revenues and produce quality crops for export. Specifically, the facility will...

Barrage Kandadji au Niger : 436 millions mobilisés pour la réinstallation des populations

03-Dec-2018 - 03-Dec-2018 - La Banque africaine de développement a accueilli une table ronde des partenaires techniques et financiers, le 30 novembre 2018 à Abidjan, sur le financement du Plan d’action de réinstallation (PAR 2) de la deuxième vague des populations concernées par le programme Kandadji, au Niger. Environ 436 millions de dollars américains, dont 60 millions de la Banque africaine de développement, chef de file des partenaires du programme Kandadji, ont été mobilisés pour la mise en œuvre de PAR 2, pour un besoin de 432...

South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa

30-Nov-2018 - 30-Nov-2018 - The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This will offset diesel-fueled Open Cycle Gas Turbine’s (OCGT’s) operating at peak demand, thereby avoiding and mitigating...

Kenya: African Development Bank Group approves US$18.17 million for the Kopere Solar Project in Kenya

30-Nov-2018 - 30-Nov-2018 - The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP). The Kopere project, which falls under Kenya’s Renewable Energy Feed-in-Tariff (FiT) policy, encompasses the design,...