Loans & Grants

Displaying 151 - 200 of 1607

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.

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).

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.

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.

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.

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.

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 approves US$50mn facility to support SMEs and Women Owned Enterprises in Nigeria

18-Oct-2018 - The African Development Bank has approved a US$50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors, including close to a hundred SMEs in manufacturing, health and education.

The African Development Bank to invest the Naira equivalent of USD 10 million into the Chapel Hill Denham Nigeria Infrastructure Debt Fund

17-Oct-2018 - The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF). This investment aims to meet the country’s infrastructure investment needs, including in the power and energy infrastructure sectors. NIDF is the first and the only listed local currency infrastructure debt fund in Africa.

Rwanda and African Development Bank sign €229 million loan agreements to finance electricity projects

17-Oct-2018 - The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s  program to improve electricity supply and expand access to electricity under the Scaling Up Electricity Access Program Phase II (SEAP II). This operation builds on the successful implementation of the Scaling Up Electricity Access Program (SEAP) approved by the Bank in 2013 with a combined estimated €39.74million loan and grant.

African Development Bank approves Malawi Country Strategy Paper 2018 – 2022

16-Oct-2018 - The African Development Bank has approved its Country Strategy Paper for Malawi for 2018-2022. The strategy blueprint is part of ongoing efforts to boost economic diversification, reduce dependency on rain-fed agriculture and build resilience for growth in the southern African nation.

African Development Bank and peers leverage Blended Finance to unlock nearly US$9 billion for Developing Countries

15-Oct-2018 - The African Development Bank and other development finance institutions (DFIs) last year used about US$1.2 billion in concessional funds to support nearly US$9 billion in private investment projects in emerging markets, according to a new DFI report that highlights how blended concessional finance can be key to mobilizing private investment in challenging environments.

African Development Bank approves strategy to accelerate transformation of Eastern Africa

12-Oct-2018 - The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap for accelerating regional integration in the Region with regional infrastructure development among the main pillars of the plan. The Strategy will guide the Bank’s regional operations in 13 countries, namely Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania and Uganda.

Guinée – Guinée-Bissau : 50 millions d’euros de la Banque africaine de développement pour un projet d’interconnexion routière

11-Oct-2018 - Les gouvernements de la Guinée et de la Guinée Bissau vont bénéficier de 50 millions d’euros, sous forme de dons et de prêt, en financement de la première phase du projet d’aménagement de la route Boké-Québo, corridor routier entre Conakry-Bissau. Le coût total du projet est estimé à 117,19 millions d’euros. La première phase va coûter 79,94 millions d’euros et la Banque a déjà mobilisé 30 millions d’euros de l’Union européenne.

Tunisie : 76 millions d’euros de la Banque africaine de développement pour améliorer l’assainissement des petites communes

11-Oct-2018 - Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé, jeudi 11 octobre 2018, un prêt de 75 millions d’euros ainsi qu’un don de 1 million d’euros pour financer la première phase du programme d’assainissement des petites communes de moins de 10 000 habitants en Tunisie. 

African Development Bank approves recommendations by the Independent Review Mechanism for Form Ghana Reforestation Project

04-Oct-2018 - The implementation of mitigation measures to bring Form Ghana Reforestation Project into compliance with Bank environmental and social standards have received a green light from the African Development Bank. The Bank’s Independent Review Mechanism made the recommendations after a spot check review.

La Banque africaine de développement octroie 75,4 millions d’euros au Gabon, pour assurer un accès universel durable à l’eau potable, à l’horizon 2025

03-Oct-2018 - La Banque africaine de développement va appuyer le Gabon à résorber le déficit en eau potable de 50 000 m3 par jour, du Grand Libreville, comprenant les communes de Libreville, d’Akanda, d’Owendo et de Ntoum. A cet effet, le Conseil d’administration de la Banque a approuvé, mercredi 3 octobre 2018, un prêt de 75,4 millions d’euros au pays.

African Development Bank injects $266 million into Rwanda’s electricity expansion project

01-Oct-2018 - The African Development Bank has approved a loan of $266 million to support Rwanda’s program to improve electricity supply reliability and expand access to electricity as part of a drive to transform the country into an export-oriented economy.

La Banque africaine de développement et le Gabon : relever les défis stratégiques pour la transformation économique du pays

01-Oct-2018 - Une délégation de la Banque africaine de développement, conduite par Dr. Khaled Shérif, vice-président en charge du développement régional, de l’intégration régionale et de la prestation de services, a été récemment reçue en audience, à Libreville, par le Président de la République gabonaise, Ali Bongo Ondimba. Les questions liées aux défis économiques du pays étaient au cœur des discussions.

Sénégal : 60 millions € de la Banque africaine de développement pour appuyer le Programme d’urgence de développement communautaire

01-Oct-2018 - La Banque africaine de développement va aider le Sénégal à poursuivre son Programme d’urgence de développement communautaire, destiné à développer l’agriculture en milieu rural et à offrir aux populations des contrées les plus reculées du pays un meilleur accès aux services sociaux de base. Pour ce faire, la Banque vient d’accorder un prêt de 60 millions d’euros, entériné par son Conseil d’administration, jeudi 27 septembre 2017 à Abidjan.

Une prise de participation de 15 millions d’euros de la Banque africaine de développement pour la transformation numérique des institutions financières du continent

28-Sep-2018 - Le Conseil d’administration de la Banque africaine de développement a donné son feu vert, mardi 25 septembre 2018, à Abidjan, à une prise de participation de 15 millions d’euros dans le fonds FIVE (Financial inclusion vehicle), un instrument d’inclusion financière mis en place en 2017 par le groupe AfricInvest.

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.

African Development Bank Signs US$41 million grant agreement for Sudan’s Agriculture Value Chain Development Project

27-Jul-2018 - The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country. The project was identified under Sudan’s National Agriculture Investment Plan (SNAIP), which seeks to increase agricultural production through the modernization of agricultural systems, value chains and market access, the Minister of Finance and Economic Planning, Mohamed Osman Elrikabi said at the signing ceremony on July 26, 2018.

Tunisia launches pilot project to use drones for data collection in agricultural sector

27-Jul-2018 - Tunisia and the African Development Bank have signed an agreement for the launch of a pilot project to use drones for data collection to enhance management of agricultural projects in the country. The project, to be implemented over the next ten months, would receive technical management and assistance from South Korea, Minister Zied Laadhari announced during the signing ceremony on Thursday July 26.  

South Africa sees Africa Investment Forum as vehicle for economic growth

26-Jul-2018 - The Africa Investment Forum (AIF), African Development Bank’s new platform to enhance private-sector cooperation and drive investment to key development sectors on the continent, has received commendation from South Africa’s business leaders.

African Investment Forum Road show in Cairo, attended by Egyptian public and Private Sector entities

26-Jul-2018 - Over 80 Egyptian public and private sector entities attended the African Investment Forum (AIF) road show organised by the African Development Bank on Wednesday 25 July 2018 in Cairo. Leading business executives from a wide range of industries including the banking and investment sector, industry associations, the Government and its investment promotion agencies, as well as key AIF partners EBRD, World Bank and the IFC, participated in the road show.