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AfDB Group Annual Meetings in Abuja: Election of President on the Agenda

03-Mar-2005 - A major item on the agenda of the 40th Annual Meetings of the Bank and the 31st Meetings of the African Development Fund (ADF) will be the election of the 8th President of the Bank Group for a five-year mandate. The elected President will replace Mr. Omar Kabbaj who has led the institution for ten years.

Le FAD s’attelle à l’éradication de la mouche tsé-tsé au Mali

03-Mar-2005 - Le Vice-président pour les opérations Centre et Ouest du Groupe de la Banque africaine développement (Bad), M. Bisi Ogunjobi, et l’Ambassadeur de la République du Mali en Tunisie, ont signé à Tunis, l’accord de prêt pour financer le projet multinational de création de zones libérées de la mouche tsé-tsé et de la trypanosomiase (T & T) en Afrique de l’Est et de l’Ouest. Le Fad accorde au Mali un financement équivalent à 5,930 millions d’Unités de Compte (UC*) soit 9 millions de dollars EU.

Senior Management Appointments: President Stresses Competence, Youth and Diversity

02-Mar-2005 - Tunis, 1 March 2005 – The President of the African Development Bank (AfDB) Group, Mr. Donald Kaberuka, has announced the appointments of four new Vice Presidents and the Secretary General of the institution. The appointments came at the end of a competitive, global search process that involved some 500 candidates from around the world.

Le FAD encourage la reprise du secteur agricole en Sierra Leone

02-Mar-2005 - Le conseil d’administration du FAD a approuvé l’octroi d’un prêt de 15, 53 millions de dollars EU soit l’équivalent de 10 millions d’UC* et d’un don de 3,10 millions de $EU (2 millions d’UC) pour financer le projet de réhabilitation du secteur agricole (ASREP) Dans l’objectif d’accroître la production agricole et d’améliorer les revenus des agriculteurs, le projet comporte les trois volets suivants:

ADF contributes to Education Sector Development in Eritrea

02-Mar-2005 - The Acting Vice President for the North, South and East operations of the ADB Group, Mrs. Zeinab El Bakri, and the Minister of National Development of Eritrea, Dr. Woldai Futur, signed today in Tunis a loan and grant agreement for the Support to Education Sector Development Program. The Bank Group’s contribution for the financing of this projects amounts to a loan of 13.6 million Units of Account (UA*), equivalent to 20.8 million US dollars, and a grant of UA 5.03 million, equivalent to US$ 7.7 million.

The ADF finances a national study on Rural Water Supply and Sanitation in Burkina Faso

02-Mar-2005 - The study will contribute to meeting drinking water and sanitation needs in a sustainable manner so as to improve the socio-economic and health conditions of the rural population with the implementation of the DWSS programme.

Madagascar Obtains Debt Relief from the AfDB: Reaches Completion Point in HIPC Initiative

02-Mar-2005 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 80 million in nominal terms to the country, with effect from December 2001. The debt relief will be provided by releasing Madagascar from up to 80 percent of its debt service obligations to the Bank Group each year, until the entire amount is delivered sometime in early 2013.

AfDB Finances a Solar Thermal Power Station Project

02-Mar-2005 - It seeks to extend electric power generation facilities and develop renewable forms of energy. The specific objectives are to contribute to ensuring steady supply of electricity to the country, diversifying energy sources and reducing greenhouse gas emissions. It will help raise the installed production capacity of the national electricity authority (ONE) from 200 to 250 MW and to inject about 1,590 GWh into the interconnected system, including 55 GWh from solar energy.

A Boost to the Nigerian Financial Sector US $ 70 Million Line of Credit to Zenith Bank by the AfDB

02-Mar-2005 - The Line of Credit to Zenith will be used for on lending to its corporate clients, including SMEs through long-term project finance. The AfDB resources will mainly be used to support enterprise expansion and rehabilitation projects, with strong foreign currency income streams. The LOC will cover asset based financing in the manufacturing, agribusiness, transportation, telecommunication, energy, and tourism sectors, amongst others.

Building Economic Management Capacity in Guinea Bissau: ADF to fund planning, data management and integration activities

02-Mar-2005 - The grant will contribute to the improvement of strategic planning, public investments programming, and project aid coordination within the framework of the country’s Poverty Reduction Strategy Paper (PRSP), thereby enhancing the national statistical system and integration of the country into the West African Economic and Monetary Union (UEMOA) (1)

AfDB raises awareness on sustainable energy development: Unveils New Working Plan for Africa

25-Feb-2005 - The overall goal of this workshop was to consult AfDB’s member countries and other key stakeholders in the energy sector on strategies to promote sustainable energy services in Africa with a special focus on assessing their technical assistance and training needs in order to develop appropriate interventions.

7 to seek AfDB Presidency: Steering Committee of Board of Governors Approves List of Candidates

16-Feb-2005 - Tunis, 16 February 2005 – Seven candidates will be running for the office of President of the African Development Bank (AfDB) Group.