Press Releases

Displaying 2741 - 2760 of 5337

African Development Bank to sink US $20 million in Port Sudan urgent water and sanitation project

15-Dec-2016 - In collaboration with the UK Department of International Development (DfID), the African Development Bank (AfDB) concluded a project identification mission to Port Sudan on December 13, 2016. The mission sought to hold discussions with authorities and stakeholders on the possibility for the AfDB to finance the Port Sudan Priority Water and Sanitation (PSPWS) project as part of its joint efforts with DfID to address Port Sudan’s short-, medium- and long-term water needs.

«L’emploi des jeunes» au cœur des discussions entre la BAD et les organisations de la société civile d’Afrique du Nord

14-Dec-2016 - «L’emploi des jeunes», émerge comme l’une des préoccupations majeures des consultations que la Banque africaine de développement (BAD) organise depuis le 13 décembre à Tunis (Tunisie) avec les organisations de la société civile (OSC) de l’Afrique du nord.

AfDB approves US $ 12.24 million in grants and loans for Jobs for Youth Project for Malawi

14-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved an African Development Fund (ADF) loan of UA 7.52 million (approximately US $10.5 million) and an ADF grant of UA 1.25 million (approximately US $1.74 million) for a total of about US $12.24 million for the Jobs for Youth Project in Malawi.

African Development Fund Board approves a loan of USD 93.51 million to support the agriculture sector in Tanzania

14-Dec-2016 - The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 67.27 million (USD 93.51 million) to the United Republic of Tanzania for on-lending to the Tanzania Agricultural Development Bank (TADB). The funding will contribute to supporting Tanzania’s agriculture sector and achieving the country’s development goals.

AfDB approves USD 50 million equity investment and USD 50 million convertible loan to seed the establishment of the multi-investor USD 500 million Facility for Energy Inclusion (FEI)

14-Dec-2016 - The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.

AfDB’s Board of Directors approves the institution’s borrowing program for 2017

14-Dec-2016 - The Board of Directors of the African Development Bank has approved the institution’s borrowing program for 2017, for an amount of UA 6.9 billion (equivalent to USD 9.4 billion) to be raised from capital markets. One of the main objectives of the program is to raise resources from capital markets, in a cost effective manner, to finance development projects and programs in Africa. The Bank’s funding requirements have been increasing in line with its operations and footprint on the continent. Three years ago, its annual borrowing program was USD...

AfDB approves USD 250 million loan and EUR 5 million grant for rebuilding, recovery and stabilization in North East Nigeria

14-Dec-2016 - The Board of Directors of the African Development Bank Group (AfDB), has approved a financing package comprising USD 150 million ADB Loan, USD 100 ADF Loan and the EUR 5 million RWSSI Grant Facility, to finance the Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Programme (IBSDLEIP), in support of operationalizing the “Buhari Plan” for Emergency Transition, Recovery and Peacebuilding for North East states in Nigeria.

À Tunis, la BAD réitère sa volonté de travailler avec les organisations de la société civile en Afrique du Nord

13-Dec-2016 - La Banque africaine de développement (BAD) a réaffirmé, mardi 13 décembre 2016 à Tunis, en Tunisie, sa volonté de travailler étroitement avec les organisations de la société civile (OSC), pour mieux les associer à la mise en œuvre de ses projets de développement en tirant parti de leur expertise et expérience du terrain. Tunis constituait la dernière étape des consultations régionales que mène la BAD avec les OSC.

Africa needs quality infrastructure for sustained economic growth and inclusiveness

13-Dec-2016 - “Building quality into every stage of the life-cycle of projects is essential if investment in infrastructure is to have a positive impact on Africa’s economic development:” This was one of the key messages from participants at this year’s annual meeting of the Infrastructure Consortium for Africa (ICA) held at the African Development Bank (AfDB) in Abidjan, Côte d’Ivoire, under the theme “Building Quality Infrastructure for Africa’s Development.”

AfDB commits €40.5 million to build the first major bridge link between Senegal and Mauritania

13-Dec-2016 - On Friday, December 9, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved a loan of €31.3 million to the Islamic Republic of Mauritania and a loan of €9.4 million to the Republic of Senegal, to finance the construction of a bridge at Rosso, between the two banks of the Senegal River, the natural border between the two countries.

AfDB commits USD 74.9M to reinforce road connection between Mozambique and Tanzania

13-Dec-2016 - On Friday 9th December of 2016, the Board of Directors of the African Development Bank Group (AfDB) approved USD 71.8M grant and USD 3.1M loan to the Government of Mozambique for the construction of an asphalted 70km road section in Northern Mozambique, to improve connectivity with Tanzania. The project will open up that isolated part of the country, contributing to the economic growth and the eradication of poverty, as well as foster cross border trade and reinforce regional integration.

AfDB commits €44 million to reinforce high-speed broadband access in Niger

13-Dec-2016 - On Friday, December 9, 2016, the Board of Directors of the African Development Bank Group (AfDB) approved a loan of €31.4 million and a grant of €12.5 million to the Republic of Niger to finance the national component of the project of the Trans-Saharan fiber-optic backbone (DTS).

Fourteenth Replenishment of the African Development Fund

12-Dec-2016 - Strong donor commitment despite a difficult global economic environment Resources devoted to countries affected by situations of fragility to increase ADF to scale-up support to the private sector

Le Groupe de la BAD va injecter 84,63 millions d’euros dans l’employabilité des jeunes et la protection sociale au Gabon

12-Dec-2016 - Le Conseil d’administration du Groupe de la BAD a approuvé 84,63 millions d’euros, pour financer le projet de renforcement des capacités pour l’employabilité des jeunes et l’amélioration de la protection sociale au Gabon.

Le Conseil d’administration de la BAD approuve 65 millions d’euros pour l’électrification rurale, périurbaine et urbaine au Niger

09-Dec-2016 - Le Conseil d'Administration du Groupe de la Banque africaine de développement (BAD) a approuvé, au cours de sa séance de vendredi 09 décembre 2016, un financement de 51,72 millions UC (environ 65 millions d'Euros) destiné à appuyer le Projet d'électrification rurale, périurbaine et urbaine du Niger (PEPERN). L'objectif général de ce projet est d'accroître le taux d'accès à l'électricité des populations dans les huit régions que compte le Niger. Il vise également à améliorer la gouvernance sectorielle à travers le renforcement des capacités des...

“We are better equipped to deliver results ”, say East African CSOs at AfDB workshop in Nairobi

09-Dec-2016 - The African Development Bank (AfDB)’s consultations with East African civil society organizations (CSOs) concluded on December 9 in Nairobi, Kenya, with participants saying that they are now better equipped to deliver results. 

AfDB urges East African CSOs to be involved in environmental and social safeguards process to ensure sustainability of projects

08-Dec-2016 - "Environmental and Social Safeguards (E&S) are crucial for the success of develpment projects. They are paramount to ensure projects are environmentally and socially sustainable and that they are implemented with stakeholders' participation and timely public information disclosure:" The issue was discussed on 8 December 2016 in Nairobi, Kenya on the second day of the African Development Bank (AfDB)'s ongoing regional consultations workshop for East Africa Civil Society organizations (CSOs).

AfDB commits USD 92.9M to open up access of Southern Ethiopian regions

08-Dec-2016 - On Wednesday 7th December of 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved USD 57.6M grant and USD 35.3M loan (Approximately USD 92.9 million) to the Government of Ethiopia for the upgrading of 240km of gravel road sections to all-weather asphalt concrete surfaced road.

AfDB to launch Tamayoz, a leadership programme to empower a new generation of Libyan leaders

08-Dec-2016 - In partnership with Libyan authorities and the Middle East and North Africa (MENA) Transition fund, the African Development Bank (AfDB) will launch "Tamayoz - Libya Leading the Way" Leadership programme. Tamayoz - meaning distinction and uniqueness in Arabic - has been designed to strengthen leadership at the decision-making levels of the public sector, private sector, and civil society in Libya. The programme will offer trainings to current and future Libyan leaders, emphasising core leadership skills to improve collaboration between decision...

East African CSOs advocate for African funding to increase trust and legitimacy

07-Dec-2016 - The African Development Bank’s (AfDB) series of regional consultations meeting with Civil Society Organizations (CSOs) continues across the continent.  The East African leg opened on 7 December in Nairobi, Kenya with CSOs advocating for financial support from African source to deliver better on their development agenda and restore trust with government authorities.