Loans & Grants
07/03/2018 - At its 19th Board Meeting in Songdo, South Korea, the Board of the Green Climate Fund (GCF) has approved the first funding proposal of the African Development Bank for Zambia's Renewable Energy Financing Framework. The GCF will provide a US$ 50 million loan and a US$ 2.5 million grant
16/07/2015 - The Board of Directors of the African Development Bank Group (AfDB) has approved a US $193-million Bank loan and a US$ 50-million loan from Africa Growing Together Fund (AGTF), to support the rehabilitation of the Chinsali-Nakonde road, a section of the North-South Corridor in Zambia, connecting Tanzania.
19/12/2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a US $22.49-million loan to Zambia for the development of Lake Tanganyika.
This project has been formulated as part of the long-term vision for Zambia ("Vision 2030") by which it intends to become "a prosperous middle-income country by 2030". Its aim, thus, is help implement the amended Sixth National Development Plan, which covers 2013-2016 and aims to facilitate and accelerate "economic growth and development in the service of the people". Accordingly, it aims to stimulate job creation and rural development, in this way boosting inclusive growth.
16/12/2014 - The Board of Directors of the African Development Bank Group, during its ordinary sitting on Monday, December 15, 2014 in Abidjan, approved a proposed ADF loan of US $39 million to the Republic of Zambia, and a grant of US $12 million from the Bank’s Transition Support Facility (TSF) and a grant of US $24 million from the African Development Fund Regional Operations (RO) envelope to the Republic of Zimbabwe for the Kariba Dam Rehabilitation Project.
16/04/2014 - The African Development Bank (AfDB), with the Dutch Development Bank FMO, the Development Bank of Southern Africa (DBSA) and Propaco of France on Monday, April 14 signed a USD142 million loan to develop the 120 MW Itezhi Tezhi power project. It is the first public-private partnership energy project in Zambia and is being developed jointly by TATA Africa and ZESCO Limited as an independent power producer, and the Itezhi Tezhi Power Company (ITPC).
27/03/2014 - The African Development Bank Group (AfDB) is leveraging support to Zambia’s National Agriculture Investment Plan (NAIP: 2014-2018) with the approval of a US $31.12 million (UA 20.54 million) grant from the Global Agriculture and Food Security Programme (GAFSP), to support its agriculture value chain development project.
04/12/2013 - The Board of Directors of the African Development Fund (ADF), the concessionary arm of the African Development Bank (AfDB) Group, approved on Tuesday, December 3 a loan of US $65.0 million and a grant of US $900,000 to Malawi, and a loan of US $7.7 million to Zambia, respectively, for a total of about US $73.6 million, for the Multinational Nacala Road Corridor Development Project Phase IV.
21/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) on 20 November 2013 in Tunis approved a loan of UA 22.22 million or US $33.6 million from African Development Fund (ADF) concessionary resources to finance the Support to Science and Technology Education Project (SSTEP) in Zambia.
18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.