News & Events
20/12/2017 - “The expansion of the Dondo substation will not just light up households and family units. It will also power the industrial growth of the Sofala and Manica provinces, creating more dynamic markets for agricultural commodities and ultimately contribute to job creation and the economic growth of the country,” Filipe Nyusi, President of the Republic of Mozambique said at the commissioning ceremony of the Electricity IV Project at Dondo District in Mozambique.
20/12/2017 - The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project.
The Bank will support the project with US $ 300 million from its Private Sector Window.
06/12/2017 - The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved US $ 985,000 to Parque Eólico da Namaacha S.A SPV, to support project preparation activities for a utility-scale wind farm project in Mozambique.
28/11/2017 - The African Development Bank (AfDB) and other participating co-lenders has signed agreements for the financing of the Nacala Corridor project. This is an integrated and transformative infrastructure project which consists of a 912-km railway and a port meant to unlock the Western region of Mozambique and landlocked Malawi. The total project cost is estimated at US$ 5b.
28/11/2017 - The Management Board of the African Legal Support Facility (ALSF) met in Abidjan last week and reviewed the Facility’s work during the past year. The Board also addressed institutional matters and established priority plans for 2018.
23/11/2017 - The Board of Directors of the African Development Bank Group (AfDB) today approved US$10 million equity investment in Phatisa Food Fund2 (PFF2) to boost agriculture and nutrition across Africa.
20/06/2017 - The African Development Bank’s Board of Directors has approved a US $1-million African Private Sector Assistance Fund (FAPA) grant to the Government of Mozambique to finance the Nacala Corridor Business Linkages Technical Assistance Project.
15/06/2017 - The African Development Bank (AfDB) Group and Export Trading Group (ETG) marked a significant milestone on May 30 with the signing of a US$ 100 million loan to finance part of the company’s Agricultural Investment Program (IP) in Africa which will promote employment for youths and women, and adopt an integrated value-chain approach that emphasizes access to regional and global markets.
24/05/2017 - The African Natural Resources Center of the African Development Bank (AfDB) recently secured US $200,000 from the Korea-Africa Economic Cooperation (KOAFEC) fund to support Tanzania’s gas sector. The Center’s gas expert, Charles Nyirahuku, provides an insight into the expected key deliverables from the facility.
15/03/2017 - When the African Development Bank (AfDB) partnered with other donors and the Mozambican Government back in 2010 to finance the National Rural Water Supply and Sanitation Program (PRONASAR) in Nampula and Zambézia Provinces in northern Mozambique, one of the ultimate goals was to achieve open defecation-free communities.