Loans & Grants
18/08/2017 - African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, in Johannesburg, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution operations serving South, North, East, West and Central Africa.
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.
22/05/2014 - The African Development Bank (“AfDB”) and the People’s Bank of China (“PBOC”) on Thursday, May 22 entered into a US $2 billion co-financing fund to be known as the Africa Growing Together Fund (“AGTF”). The resources from the AGTF are expected to be provided over a 10-year period and will be used alongside the AfDB’s own resources to finance eligible sovereign and non-sovereign guaranteed development projects in Africa.
23/01/2014 - The quest to establish genuinely equal opportunity for men and women – in both their contribution to and their benefits from Africa’s economic transformation – took a further step forward on Wednesday, January 22, 2014, when the Board of the African Development Bank Group approved its new Gender Strategy for the period 2014-2018.
17/12/2013 - The African Development Bank (AfDB) and the government of Japan signed on 16 December, 2013 a bilateral Exchange of Notes for a loan to the AfDB of 9.48 billion Japanese yen (about US$ 100 million). This is the fourth loan to the AfDB under the Enhanced Private Sector Assistance (EPSA) for Africa Initiative (and the first under the second phase announced at Arusha), which supports entrepreneurship, job creation and economic growth in Africa.
03/10/2013 - The International Federation of Red Cross and Red Crescent Societies (IFRC) and the African Development Bank (AfDB) signed a Memorandum of Understanding (MoU) on Thursday, October 3 in Tunis establishing a partnership of cooperation, aimed at providing assistance to improve the lives of the most vulnerable in Africa.