Press Releases
Displaying 4021 - 4040 of 5337
Sustainable Energy Fund for Africa: Project Financiers Gather in Marrakesh to Discuss Finance of Small and Medium-sized Projects in Africa
29-May-2013 - A side event entitled Sustainable Energy Fund for Africa (SEFA): Reaching out to Project Financiers in Africa was held during the African Development Bank’s (AfDB) 2013 Annual Meetings in Marrakesh, Morocco.
The AfDB finances the harnessing of drainage basins in Burundi
29-May-2013 - The African Development Bank Group (AfDB) undertook on May 28, 2013, to provide financing for the harnessing of drainage basins and improved climate resilience in Burundi. The operation was made official by the signing of two grant agreements with the Government of Burundi. The signing took place in the margins of the Bank’s 48thAnnual Meetings in Marrakech.African Legal Support Facility Backs Gambia’s Bid for Greater Banjul Power Project
29-May-2013 - The African Legal Support Facility (ALSF), on 28 May in Marrakech, signed a $US 400,000 agreement with The Gambia to provide legal assistance in the negotiations of independent power projects and transmission as well as distribution upgrades in the Greater Banjul area.AfDB Posts Strong 2012 Operations Results, Launches New Strategic Focus on Inclusive Growth
29-May-2013 - The African Development Bank (AfDB) Group posted good operational results in 2012, the Bank’s Treasurer, Pierre Van Peteghen, said in Marrakech on Wednesday, May 29, 2013. Presenting the Bank’s 2012 operations results at its Annual Meetings in the Moroccan city, Van Peteghen also announced that the Bank has developed a Ten-Year Strategy (2013-2022) which focuses on “inclusive growth.”AfDB Boosts Food and Agriculture Sector Development Project in the Gambia
28-May-2013 - The African Development Bank Group and The Gambia, on May 28, 2013 in Marrakech, signed a USD 26.6 million protocol agreement to boost the agricultural production and food security in the country. Signing the protocol accord, The Gambia’s Finance and Economic Affairs Minister, also Governor of the Bank, Abdou Kolley, reiterated his country’s gratitude for the Bank’s development actions in the country, in particular its efforts to reduce poverty and make the private sector one of the country’s engines of growth.Natural Resources Can Fuel Africa’s Economic Transformation
27-May-2013 - Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development, according to the African Economic Outlook 2013, released here today.AfDB and its Partners to Focus on Africa’s Future at Annual Meetings in Morocco
27-May-2013 - The 48th Annual Meetings of the African Development Bank (AfDB) opened on May 27 in Marrakech, Morocco, focusing on the need for Africa to turn economic growth into truly shared and sustainable economic transformation in the next half century.Delegates Converge in Marrakech for 48th AfDB Annual Meetings
27-May-2013 - All roads lead to Morocco this week as hundreds of delegates converge on Marrakech for the 2013 Annual Meetings of the African Development Bank Group (AfDB), which kicks off today with a series of discussions on how to transform Africa’s economy to sustainable inclusive green growth.AfDB Returns to the Ugandan Capital Market With its Second Shilling Bond
24-May-2013 - The African Development Bank (AfDB) has launched its second Uganda-shilling denominated bond on the domestic capital market. The UGX 12.5 billion bond is opened for subscription until the 27th of May. It is the latest issuance under the UGX 125 billion Medium-Term Note (MTN) Programme originally established in mid-2012. The MTN approach was adopted to allow the Bank to regularly tap into the Ugandan capital market, issuing various tranches, rather than standalone transactions thereby minimizing costs for its clients and reducing the lead time...
AfDB President Commends Tunisian Hospitality
24-May-2013 - The President of the African Development Bank Group, Donald Kaberuka, Thursday, May 23, in Tunis, called on the Tunisian Prime Minister, Ali Laarayedh. President Kaberuka underscored the friendship between the AfDB and Tunisia and expressed gratitude to the Tunisian Government and people for their hospitality to the institution for the past 10 years. “We are home in Tunisia,” affirmed the AfDB President.AfDB and Malawi Sign Budget Support and Hydroelectric Feasibility Study Grants
23-May-2013 - The African Development Bank and the Government of Malawi (GoM) signed two grants amounting to UA 6 million (about US $9 million) on May 23, for budgetary support and a Hydroelectric Power Plant Feasibility Study. The US $6 million additional Crisis Response Budgetary Support follows the initial US $39 million provided in July 2012 to support Malawi’s reforms aimed at restoring macroeconomic stability and enhancing public finance management, as well as support social protection measures.AfDB Powering a Climate-smart and Greener Continent
23-May-2013 - For the African Development Bank’s Energy, Environment and Climate Change Department, transforming Africa means powering a climate-smart and greener continent. It entails supporting transformative infrastructure projects to increase energy access backed by both large-scale and off-grid solutions, promoting sustainable use of natural resources, supporting climate-resilience with concessional climate and environmental finance, and ensuring that all projects comply with international and social best practices.AfDB Approves a USD 100 million Risk Participation Agreement with Commerzbank AG to Boost Trade Finance in Africa
23-May-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG. This facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing.AfDB Approves a USD 20 million Trade Finance Line of Credit for UT Bank Ghana to Support SMEs and Local Corporates
23-May-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of Small and Medium Enterprises (SMEs) and local corporates in Ghana.AfDB Launches New Information Highways
22-May-2013 - Following the launch in March 2013 of Open Data Platforms in 30 African countries, the African Development Bank (AfDB) has launched additional data platforms in the following 10 African countries: Burkina Faso, Burundi, Central African Republic, Chad,African Development Bank to host Innovative Financing Seminar on Infrastructure and Diaspora bonds
21-May-2013 - The African Development Bank Group (AfDB) will host a workshop on infrastructure and diaspora bonds in Africa during AfDB’s annual meetings in Morocco on May 29, 2013. One of the main objectives of the seminar to be at held at the Palmeraie Golf Palace in Marrakech, themed “Financing African Structural Change - Infrastructure and Diaspora Bonds” is to raise awareness of all stakeholders in the role that infrastructure and diaspora bonds can play in catalyzing financing to address the existing infrastructure gap in Africa.
AfDB Set to Help African Countries Better Exploit AGOA Export Opportunities
20-May-2013 - The African Development Bank is working towards helping African countries better benefit from the African Growth and Opportunity Act (AGOA) opportunities. “The African Development Bank has launched a series of bilateral discussions on ways to boost U.-Africa trade and investment, especially under AGOA,” said Moono Mupotola, AfDB Manager for Regional Integration and Trade. “AGOA, together with the Trade and Investment Framework Agreements, are considered critical tools of U.S.-Africa trade relations.”