Loans & Grants

Displaying 25 - 36 of 1572

Zambia: African Development Fund approves $11.1 million for public finance reforms

30-Apr-2019 - 30-Apr-2019 - The African Development Fund on Tuesday approved $11.1 million to support Zambia’s public finance and economic management as part of efforts to restore fiscal stability and improve livelihoods in the middle-income Southern African nation. The copper producing country is pursuing reforms to stabilize its economy, particularly, to rein in a widening public debt partly due to commodity price shocks, drought and depreciation of its local currency. The project is designed to help unlock Zambia’s economic growth...

Nigeria: African Development Bank approves US$70 million loan for Ebonyi State road

26-Apr-2019 - 26-Apr-2019 - The African Development Bank Group, on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also providing Nigeria a loan of US$80 million, while the Ebonyi State Government will provide US$17.60 million, for a total project cost of US$167.60 million. The Bank Group’s funding will cover the...

Guinée : la Banque africaine de développement octroie 81,1 millions de dollars au titre de prêts pour les transports et l’environnement et de don d’urgence

26-Apr-2019 - 26-Apr-2019 - Le Groupe de la Banque africaine de développement et le gouvernement de Guinée, ont signé, mardi 23 avril 2019 à Conakry, des accords de prêts et de don, pour un montant total de 81,1 millions de dollars EU. Il s’agit de deux nouvelles opérations dans les domaines des transports et de l’environnement, ainsi qu’une aide d’urgence dans le domaine de l’agriculture, qui vont renforcer le portefeuille actif de projets financés par la Banque en Guinée, pour le porter à un montant total d’engagements d’environ 562,36...

African Development Bank signs $50 million agreement with Natixis to boost trade finance in Africa

25-Apr-2019 - 25-Apr-2019 - The African Development Bank on Wednesday April 24, 2019 signed a US$50 million risk participation agreement (APR) with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years. "This historic agreement allows us not only to better support our clients in Africa, but also to further strengthen the strategic...

Botswana: African Development extends US$80m line of credit to help industrialization and regional integration

25-Apr-2019 - 25-Apr-2019 - The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 80 million line of credit to the Botswana Development Corporation Ltd (“BDC”) to help the country’s industrialization and regional integration. The line of credit will be provided via the African Development Bank’s private sector window and will be used to finance local companies in the Botswana's manufacturing, transport, logistics and services sectors. In total, the projects are expected to create between 2500 and 2800 jobs...

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

24-Apr-2019 - 24-Apr-2019 - Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank, which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region.  Mateus Magala, the Bank’s Vice President for Corporate Services and Human Resources, led a delegation to Lilongwe this week, to discuss the institution’s intervention plans with public and civil society officials in Malawi. Magala had...

La Banque africaine de développement soutient la lutte contre le travail des enfants dans les mines de cobalt en RDC

19-Apr-2019 - 19-Apr-2019 - Pour lutter contre le travail des enfants dans les mines de cobalt en République démocratique du Congo (RDC), la Banque africaine de développement a approuvé, mercredi 17 avril 2019, un financement de 84,36 millions de dollars américains en faveur du Projet d’appui au bien-être alternatif des enfants et jeunes impliqués dans la chaîne d’approvisionnement du cobalt (PABEA-Cobalt). Les administrateurs du Groupe de la Banque africaine de développement ont donné leur feu vert à cette aide, composée d’un prêt de 45,...

African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”

15-Apr-2019 - 15-Apr-2019 - The Board of the African Development Bank has approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period. The Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives. It also lists the Bank’s plans to accelerate intra-regional trade, inclusive economic growth and structural transformation of...

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

12-Apr-2019 - 12-Apr-2019 - The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure financing, and further development of the domestic capital market. InfraCredit is...

African Development Bank Hails Canada’s US$1.1 billion pledge in callable capital support

12-Apr-2019 - 12-Apr-2019 - On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality. “I am happy to say that today, Canada is demonstrating its commitment to African countries and our confidence in the African Development Bank by announcing that we are...

African Development Bank Board approves $4.8 million grant to accelerate African free trade

10-Apr-2019 - 10-Apr-2019 - On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into force. The AfCFTA is a major force for continental integration. It will expand intra-African trade by up to $35 billion per year and usher in freedom of movement for goods, services and people across the...

Afrique centrale : la Banque africaine de développement et la CEEAC vont aider à mobiliser 2,2 milliards de dollars pour financer deux projets intégrateurs dans les transports

09-Apr-2019 - 09-Apr-2019 - La Banque africaine de développement a reçu, vendredi 5 avril à Abidjan, des délégations venues du Congo, de la République démocratique du Congo, du Tchad, de la République centrafricaine et de la Communauté économique des Etats de l’Afrique centrale (CEEAC). Les missions du Congo et du Tchad étaient conduites, respectivement par Jean Jacques Bouya, ministre de l’équipement, de l’aménagement du territoire et des grands travaux et Abderamane Mouctar Mahamat, ministre des infrastructures, des transports et du...