Loans & Grants

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Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

13-May-2019 - The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group.

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

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.

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

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.

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 - 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 millions de dollars EU.

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

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.

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

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, including 1200 to 1300 for...

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

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.

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

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).

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

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.

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

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.

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

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.

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

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.

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 - 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).

The African Development Bank launches a dual tranche NOK 500 million 3-year Social Bond and SEK 1.25 billion 5-year Green Bond

08-Apr-2019 - On Thursday 4 April 2019, the African Development Bank successfully priced a dual tranche NOK 500 million 3-year fixed Social Bond and SEK 1.25 billion 5-year fixed Green Bond transaction. The three-year tranche is the very first Social Bond issued in the Norwegian market. It was also the first ever NOK transaction issued by the Bank and the third Social Bond issued under its Social Bond framework. 

Tunisie : lancement du déploiement de drones pour améliorer la productivité agricole à Sidi Bouzid

08-Apr-2019 - La Banque africaine de développement, le ministère tunisien de l’Agriculture, des Ressources hydrauliques et de la Pêche et l’agence gouvernementale sud-coréenne Busan Techno Park ont signé, le 8 avril à Tunis, un accord tripartite prévoyant le déploiement, dès la fin avril, de drones dans des projets agricoles de la région de Sidi Bouzid, au centre du pays.

African Development Bank multi-partner Somali Fund to receive US$3 million from IsDB

05-Apr-2019 - The African Development Bank has welcomed the Islamic Development Bank’s agreement to contribute US$3 million to the multi-partner Somalia Infrastructure Fund (SIF). The signing ceremony for the agreement took place on the sidelines of the 44th Islamic Development Bank (IsDB)’s Annual Meetings in Marrakech, Morocco.

African Development Bank announces US$100 million comprehensive relief, reconstruction and mitigation plan for Mozambique, Malawi and Zimbabwe

05-Apr-2019 - Following the devastating impact of Cyclone Idai and the unprecedented loss of life and property in Zimbabwe, Mozambique and Malawi, the African Development Bank has announced a multi-pronged response plan for the three countries. The Bank will be providing emergency assistance to the affected countries and a medium-term plan to meet the reconstruction needs of the affected areas, including a climate risk insurance plan.

African Development Bank approves €12.5 million investment in Adiwale Fund 1 targeting Francophone West Africa

28-Mar-2019 - The Board of the African Development Bank has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises ( SMEs)  in Francophone West Africa. With a target fund size of €75 million, the Fund will take minority stakes in SMEs that are well established in their markets, have competitive advantage and can rapidly scale up.

African Development Bank approves $20 Million facility for Green Mini-Grid Program in Democratic Republic of Congo

27-Mar-2019 - The African Development Bank Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based mini-grid solutions in the central African nation. The program will supply power to cities with sizeable populations, some of them with a few hundred thousand inhabitants, without any...

African Development Bank approves $20 million investment in Uhuru Growth Fund, to build regional champions across West Africa

27-Mar-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. Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region.