Loans & Grants

Displaying 141 - 160 of 1605

Climate, agribusiness, gender are key priorities in new agreement between African Development Bank and FinDev Canada

08-Nov-2018 - The African Development Bank and FinDev Canada – the Canadian government’s development finance institution – have agreed to collaborate in joint transaction opportunities, external partnerships and best practice to achieve the Sustainable Development Goals in Africa.

Niger Basin Authority will get US$134 million to spur Development and Climate Change Adaptation in the Niger Basin (PIDACC)

07-Nov-2018 - In a bid to improve the resilience of the people and ecosystems of the Niger River Basin, the Board of Directors of the African Development Bank, has approved US$76 million for the integrated development and climate change adaptation in the Niger Basin. The program is co-financed with – the Green Climate Fund, the European Union, the Global Environment Fund, the Forest Investment Fund and the various governments – to the tune of US$134 million.

Kinshasa, Brazzaville Ink Landmark Bridge Project

07-Nov-2018 - On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.

African Development Bank to invest over US$ 500 million in New City Wide Inclusive Sanitation projects with support from Gates Foundation

06-Nov-2018 - The African Development Bank announces a new initiative to promote innovation and citywide inclusive sanitation services for sub-Saharan Africa’s urban inhabitants. The Bank’s Africa Urban Sanitation Investment Fund Program, with support from the Bill & Melinda Gates Foundation, is funding the initiative designed to focus on the poor.

Maroc : la Banque africaine de développement appuie l’extension et la modernisation de l’aéroport international de Rabat-Salé

06-Nov-2018 - Le Maroc va renforcer sa compétitivité, ainsi que l’attractivité de la zone économique Rabat-Salé, pour en faire un hub régional. Dans cette dynamique, la Banque africaine de développement, a apporté un appui financier de 75 millions d’euros au pays, pour l’extension et la modernisation de l’aéroport international de Rabat-Salé.

Uganda’s Kampala-Jinja Expressway Project approved by African Development Bank

05-Nov-2018 - The African Development Bank has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project. The financing will reinforce Uganda’s position as a regional transit hub, supporting its ambition to propel its economy into middle-income status by 2020.

African Development Bank collaborates with Women Entrepreneurs Finance Initiative

02-Nov-2018 - The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has signed a financial procedures agreement with the World Bank-led Women Entrepreneurs Finance Initiative (We-Fi). “This agreement is an important milestone for the AFAWA program, and presents an opportunity to leverage substantial resources to unlock the transformational potential of women’s entrepreneurship in Africa,” said Vanessa Moungar, Director of the Bank’s Gender, Women and Civil Society Department. The agreement was signed on 15 October...

The African Development Bank Launches Mozambique’s Lurio University Support Programme and awards 68 scholarships

02-Nov-2018 - The African Development Bank and Mozambique’s Lúrio University recently launched the UniLúrio Support to Skills Development for Agriculture and Industry Programme in Pemba, and, awarded 68 scholarships of which 39 (57%) were allocated to women. The Bank is investing UA 11.10 million (US$ 15.5 million), grant in the five-year project.

Nigeria’s Emir Sanusi urges Africa to put education and the poor at the centre of development

30-Oct-2018 - One of Nigeria’s foremost traditional rulers has challenged Africans and development experts to rethink development financing to reach the poorest communities on the continent, to give them access to markets, education and healthcare. “Development needs to impact those at the bottom of the pyramid,” Emir Sanusi II, the monarch of the northern Nigerian city of Kano said in a keynote at the 21st Eminent Speakers Lecture Series of the African Development Institute.

African Development Bank rolls out programme to boost climate risk financing and insurance for African countries

29-Oct-2018 - The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.

ADF Supports Nile Basin Power Project

27-Oct-2018 - Tunis, 27 October 2006 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, on Friday in Tunis,  approved a grant of  2.57 million Units of Account (UA*), equivalent to US$ 3.79 million to finance a study on power transmission lines in the Rusumo Falls hydropower station.

Malawi: The African Development Bank approves US$ 15 million grant for Nkhata Bay Town Water Supply and Sanitation Project

26-Oct-2018 - The African Development Bank Group, has approved a US$15 million grant from the African Development Fund (ADF) for a water supply and sanitation project in Malawi, expected to provide jobs and boost the livelihoods of nearly 300,000 people.

Agri-tech can turn African Savannah into global food basket – African Development Bank

25-Oct-2018 - The African Development Bank is championing a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution.

Plus de 121 millions de dollars de dons de la Banque africaine de développement pour le transport aérien en RDC

25-Oct-2018 - La Banque africaine de développement continue d’œuvrer en faveur de l’amélioration du transport aérien en République démocratique du Congo (RDC).

Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million

23-Oct-2018 - The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and Ambassador Lennart Båge from Sweden, considered 20 funding proposals requesting approximately US$1.2 billion.

African Development Bank headlines strong performance ahead of key investment forum

23-Oct-2018 - Ahead of its maiden African Investment Forum next month, the African Development Bank continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings.

Projet de transport urbain d’Abidjan : 329 millions d’euros supplémentaires de la Banque africaine de développement pour boucler le financement du projet

23-Oct-2018 - Désireux d’améliorer les conditions de vie des 5 millions d’Abidjanais, la compétitivité des activités économiques urbaines, de promouvoir le développement industriel, la planification et la gestion urbaines, l’hygiène, la salubrité publique et la qualité de l’air, le gouvernement ivoirien a initié un vaste programme intégré de développement urbain, évalué à 770 millions d’euros, qui met l’accent sur les infrastructures de transport.

Mali : le Groupe de la Banque africaine de développement soutien le secteur privé avec 30 millions d’euros

23-Oct-2018 - Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé une ligne de crédit de 30 millions d’euros en faveur de la Banque de Développement du Mali (BDM-SA), en vue de procurer des financements sur le long terme à sa clientèle, et de répondre à leurs besoins d’investissement.  La clientèle de la BDM-SA est constituée aussi bien de grandes que de petites et moyennes entreprises (PME) opérant dans des secteurs réputés être à haute intensité de main d’œuvre, tels que l’agro-industrie et le logement social.

South Africa’s mass transit sector secures US$ 10 million and ZAR 1.4 billion African Development Bank loans.

22-Oct-2018 - The African Development Bank has approved over US$100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators.  The minibus taxi system accounts for about 69 percent of all public transport trips in South Africa. The financing will support the Company’s growth plans and initiatives to support Small and Medium Enterprises (SMEs) in the...

African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

22-Oct-2018 - The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future.