The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

Loans & Grants

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27/03/2019 - The African Development Bank has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle-market businesses across West Africa.

Categories: Private Sector


19/12/2018 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on 14 December 2018, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at US$149 million.

Categories: Private Sector


09/11/2018 - The African Development Bank and the Industrial Development Corporation of South Africa, have signed a US$100 million and ZAR 1.3 billion loan agreement to finance industrial and infrastructure projects in South Africa and other African countries. This facility will support IDC in delivering on its industrial mandate.

Categories: South Africa, Private Sector, Partnerships


16/04/2018 - Lagos State, Nigeria’s largest healthcare market, lacks an adequate supply of quality secondary and tertiary healthcare facilities with only about 700 to 1,000 quality beds for a population of over 21 million people.

Categories: Nigeria, Health, Private Sector, Industrialization


06/04/2018 - Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of Japan and the Government of Austria – have approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Africa’s small and medium enterprises.

Categories: Human Capital Development, Private Sector, Employment, Partnerships, Enhanced Private Sector Assistance for Africa: EPSA Initiative, Fund for African Private Sector Assistance


13/02/2018 - The African Development Bank and the Lesotho Chamber of Commerce and Industry (LCCI) signed a Fund for African Private Sector Assistance (FAPA) grant agreement of US $915,000 to finance the Economic Diversification Support Technical Assistance Project.

The agreement was signed by the Bank’s Deputy Director General for the Southern Africa Regional Development and Business Delivery Office (RDGS), Josephine Ngure, and the Lesotho Chamber of Commerce and Industry Chief Executive Officer, Fako Hakane.

Categories: Lesotho, Private Sector, Partnerships


25/10/2017 - The Board of Directors of the African Development Bank (AfDB) today approved a US$ 100 million Line of Credit (LOC) to Kenya Commercial Bank Limited (KCB).

Categories: Kenya, Private Sector


19/10/2016 - The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year US $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. The project will make ABUAD a centre of excellence for tertiary education in Africa, expanding access to high-quality education to over 10,000 students per year.

Categories: Nigeria, Education, Youth, Partnerships, Private Sector, Employment


12/10/2016 - The Board of Directors of the African Development Bank Group (AfDB) has approved a Senior Loan of ZAR 570 million to South Africa’s Housing Investment Partners Trust 2 -HIP2), also known as Vulumnyango Trust, to help finance affordable housing programmes in the country. The loan will help improve access to long-term affordable housing finance to South Africa’s lower-middle income earners currently with limited opportunities to access affordable mortgages.

Categories: South Africa, Employment, Gender, Human Capital Development, Infrastructure, Private Sector


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