Loans & Grants

Displaying 161 - 180 of 1591

South Africa: Eskom to expand transmission network with $218 million loan from African Development Bank

27-Sep-2018 - The African Development Bank has approved a ZAR 2.886 billion (US$217.9 million) loan to South Africa’s power utility Eskom Holdings Ltd, towards the upgrade and expansion of its transmission facilities. The entity is crucial to power supply within the sub-region.

African Development Bank Approves $50mn facility to support Nigeria’s rural populations

26-Sep-2018 - The African Development Bank has approved a US$50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium sized enterprises (MSMEs) in strategic sectors, including agriculture, renewable energy and social sectors such as health and education.

African Development Bank seeks partnerships to lift 1 billion people out of hunger globally

26-Sep-2018 - The African Development Bank called on global partners to join hands to lift one billion people worldwide out of hunger and said it was leading the way by investing US$24 billion in African agriculture over the next 10 years in the largest such effort ever. “We are not winning the war against global hunger,” Bank President Akinwumi Adesina told an agriculture conference at Purdue University in Indianapolis on Tuesday, 25 September.

African Development Bank Boosts Jobs for Youth in Africa Strategy with close to $2 Million

25-Sep-2018 - The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative.

African Development Bank Supports Ghana’s Renewable Energy Sector with $1.5 Million Grant

24-Sep-2018 - The African Development Bank has approved a US$1.5 million grant from its Sustainable Energy Fund for Africa (SEFA), to assist Ghana’s s renewable energy investment drive. The grant will support the Ghana government’s efforts to overcome technical, financial, regulatory and institutional barriers to scaling-up renewable energy investments in the country.

Liberia: African Development Bank Approves $1mn to boost Private Sector in Wood Industry

21-Sep-2018 - The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has approved  a grant of US $1 million to Liberia, to provide  technical assistance to its fast-growing wood processing industry. The grant will strengthen the capacity of public and private sector players in the nation’s secondary wood processing industry and provide institutional support to small and medium-sized enterprises (SMEs).

African Development Bank, Mariner Investment Group, and Africa50 Price Landmark $1 Billion Impact Securitization

18-Sep-2018 - The African Development Bank, the European Commission, Mariner Investment Group, LLC (Mariner), Africa50, and Mizuho International plc today announce the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization between a Multi-Lateral Development Bank (MDB) and private sector investors, pioneering the use of securitization and credit risk transfer technology to a new and previously unexplored segment of the...

African Development Bank boosts Cameroon livestock and fish farming with €84 million loan

13-Sep-2018 - The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes. The loan, approved by the Bank’s Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country.

Sustainable Energy Fund for Africa grants US$ 1 million to stimulate renewable energy investments in Angola

13-Sep-2018 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank,  has approved a US$1 million  grant  to Independent Power Producers (IPP) in Angola to encourage private investment in renewable energy.

African Development Bank’s Board approves Policy on Non-Sovereign Operations

12-Sep-2018 - The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility requirements on non-concessional terms.

Senegal: African Development Bank supports prudent debt management and Senegal’s National Development Strategy

11-Sep-2018 - On September 5th, 2018, the Board of Directors of the African Development Bank approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds. This innovative operation aims to support the Senegalese government’s efforts to improve the predictability of its debt servicing and enhance prudent management.

African Development Bank approves US$ 15 million Equity Investment to boost SME growth in West Africa

07-Sep-2018 - The Board of Directors of the African Development Bank has approved a US$ 15 million equity investment  in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in Anglophone West Africa including Nigeria, Ghana, Liberia, Sierra Leone and the Gambia. The Fund’s investments will be in companies in consumer driven sectors including light industrials, fast moving consumer goods, education, financial services and agro processing. The ticket size for each investment will be between US...

Equatorial Guinea: African Development Bank to support economic diversification and stronger public policies

06-Sep-2018 - The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies. The commitment followed the Bank Board’s approval of Equatorial Guinea’s Country Strategy Paper (CSP) for 2018-2022, in Abidjan on Wednesday, 5 August 2018. The 2018-2022 CSP provides the strategic orientation of the Bank’s support to the government’s efforts to diversify the economy.

Burkina Faso : 11,5 milliards de francs CFA de la Banque africaine de développement en appui à la réforme du secteur énergétique

31-Aug-2018 - Le Groupe de la Banque africaine de développement et le gouvernement burkinabè ont signé, mardi 28 août 2018 à Ouagadougou, des accords de financement du Programme d’appui aux réformes dans le secteur de l’énergie (PARSE). Ce financement, d’un montant de quelque 11,5 milliards de francs CFA, avait été approuvé par le Conseil d’administration de la Banque le 18 juillet 2018.

Togo : La Banque africaine de développement va investir 16,6 milliards de francs CFA dans l’agro-alimentaire

28-Aug-2018 - Le Groupe de la Banque africaine de développement a signé avec le gouvernement du Togo des accords de prêt et de don pour un total de quelque 16,63 milliards de FCFA, dans le cadre de son Projet de transformation agro-alimentaire (PTA-Togo). 

African Development Bank, Nordic Development Fund and Partners launch Off-Grid Energy Access Fund with US$58 million

27-Aug-2018 - The Off-Grid Energy Access Fund (OGEF) had its first close on Thursday, 2 August 2018 with committed capital of US$ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.

African Development Bank and Namibia Government sign USD 217.8 Million loan to boost economic governance in Namibia

22-Aug-2018 - The Government of the Republic of Namibia and the African Development Bank have signed a loan agreement worth US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia Economic Governance and Competitiveness Support Programme (EGCSP II). The agreement was signed on 14 August 2018 by Namibian Finance Minister Carl H. G. Schlettwein and Dr. Josepine Ngure, Bank Deputy Director General, Southern Africa Regional development, on behalf of the Bank Group.

Nigeria: African Development Bank inaugurates task force on Youth Employment and Skills Development

06-Aug-2018 - The African Development Bank in partnership with the Federal Government of Nigeria has inaugurated a Task Force to drive its first Public-Private Round Table on Youth Employment and Skills Development. The Round Table scheduled to take place later this year, will seek to accelerate investment in youth employment and skills enhancement.

African Development Bank Offers New Financing Opportunities for Zambia’s Water and Agriculture Sectors

06-Aug-2018 - An African Development Bank team of experts visited Zambia from 23 to 27 July to identify businesses in the nation’s water and agriculture sectors eligible for new financing mechanisms it is offering to the southern  African nation.

African Development Bank President attends Morocco’s Fête du Trône celebrations

31-Jul-2018 - The President of the African Development Bank Group, Dr. Akinwumi Adesina, participated in the Fête du Trône (Throne Day) ceremony, marking the 19th  anniversary of His Majesty, King Mohammed VI’s accession to the throne.