Loans & Grants
02/07/2014 - The Government of Rwanda, spearheading an African Union-led initiative, and the African Development Bank Group (AfDB) have signed an agreement aimed at providing at least EUR 50 million (approx. USD 70 million) within an Africa-wide resource mobilization initiative. The initiative will finance improved access to drinking water, sanitation and hygiene in Africa. The agreement was signed on the fringes of the 23rd AU Summit held from 26-27 June 2014 In Malabo (Equatorial Guinea).
27/06/2014 - Le Groupe de la Banque africaine de développement (BAD) et la Côte d’Ivoire, respectivement représentés par Janvier Kpourou Litse, directeur en charge du Nepad, de l’Intégration régionale et du commerce et Nialé Kaba, ministre ivoirien en charge de l’Economie et des Finances, ont procédé le 25 juin 2014 à Abidjan, à la signature de protocoles de dons relatifs au Programme d’appui au renforcement de l’inclusion et de la cohésion sociale (PARICS).
23/06/2014 - The Board of Directors of the African Development Bank Group (AfDB) approved on 23 June 2014 in Tunis a US$22 million grant from its Fragile States Facility for the Jiji and Mulembwe Hydroelectric Plant Project in Burundi. Representing the largest investment in Burundi in the post-war period, the project is also one of the largest investments made in the country’s energy infrastructure since the 1980s.
19/06/2014 - The Board of Executive Directors of the African Development Bank Group (AfDB) approved on June 18, 2014 in Tunis the AfDB’s new Strategy for “Addressing Fragility and Building Resilience in Africa (2014-2019)”. The Strategy aims to place the institution at the center of Africa’s efforts to address fragility and pave the way for a more resilient and inclusive development trajectory.
18/04/2014 - The Board of Directors of the African Development Bank Group met on Wednesday, April 16, 2014 in Tunis and approved a revised framework for the selection and prioritization of regional operations. The revised Regional Operations Selection and Prioritization Framework aims at selecting the most relevant operations eligible for funding under the Regional Operations incentive mechanism based on cost-sharing financing where the countries contribute to a portion of project costs from their Performance Based Allocations (PBAs) while the Bank finances the remaining portion.
04/04/2014 - A joint commitment under the theme of “Investing in People, Prosperity and Peace” was at the centre of the African and European leaders meeting in Brussels on Wednesday, April 2 and Thursday, April 3, 2014.
20/12/2013 - The AfDB Board of Directors, on 17 December 2013 in Tunis, approved US$ 34.8 million grant resources from its Fragile State Facility (FSF) to finance the Public Financial and Macroeconomic Management Capacity Project (PFMMCBP) in Sudan.
04/12/2013 - The Board of the African Development Bank Group on Wednesday, December 4 approved the combined Country Strategy Paper (CSP) and 2013 Portfolio Review for Côte d’Ivoire. The CSP derived inputs from the portfolio review, while taking into account the central objective of the Bank’s 2013-2022 Ten Year Strategy, particularly the Fragile States component, the expected outcomes of the 2012-2015 National Development Plan (NDP), the analysis of challenges and opportunities for Côte d’Ivoire as well as the Bank’s experience in the country.
28/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) met in Tunis on Wednesday, November 27, 2013 in Tunis, and approved US $161.92 million to finance the reinforcement of socio-economic infrastructure in the Central Region of the Democratic Republic of Congo.
Categories: Democratic Republic of Congo, Water Supply & Sanitation, Human Capital Development, Health, Infrastructure, Rural Water Supply & Sanitation Initiative, Education, Poverty Reduction, ADF, Fragility & Resilience, Board of Directors
20/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved US $68 million in financing for the multinational Inga Site Development and Electricity Access Support Project (PASEL). The project will further the development of the Inga hydropower plant located on the banks of the Congo River with a vast hydro-electric potential estimated at 44,000 MW – half of the continent’s installed electricity capacity.