Press Releases
Displaying 4621 - 4640 of 5333
Benin: Growth and Poverty Reduction Strategy Support Programme: US$ 33 Million ADF Budget Support Loan and Grant
30-Apr-2009 - Tunis, 29 April 2009 – The Republic of Benin will receive a US$ 33 million combined loan and grant approved on Wednesday in Tunis by the Board of Directors of the African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group, to finance the country’s Third Growth and Poverty Reduction Strategy Support Programme (GPRSSP III).Bank Group Rolls Out Climate Risk Management and Adaptation Strategy
30-Apr-2009 - Tunis, 29 April 2009 - African Development Bank has joined the global call for efficient management of the threats posed by climate change, by producing a strategy to address risks to sustained economic growth in Africa, and promote political stability in the world. The Bank Group’s Boards of Directors approved the Climate Risk Management and Adaptation Strategy (CRMA), on Wednesday in Tunis, paving the way for its implementation.AfDB’s First Private Sector Investment in Algeria: €6 million Partial Credit Guarantee Facility to Maghreb Leasing Algeria
23-Apr-2009 - Tunis, 22 April 2009 – The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday, 22 April 2009 in Tunis a Euro 6 million partial credit guarantee facility to Maghreb Leasing Algérie (MLA). This instrument will enable the company to raise the equivalent of € 12 million in Algerian Dinars through a consortium of local banks.Burundi Obtains US$ 150.2 Million AfDB Debt Relief
23-Apr-2009 - Tunis, 22 April 2009 –The Board of Directors of the African Development Bank (AfDB) Group has approved Burundi’s qualification for a debt relief of US$ 150.2 million as at end 2004 Net Present Value (About US$ 241.70 million), after it reached completion point under the Enhanced Highly Indebted Poor Countries (HIPC) Initiative. Burundi also qualifies for US$ 15.38 million from the AfDB’s Multilateral Debt Relief Initiative (MDRI) in line with the package approved by the Board on Wednesday, 22 April 2009, in Tunis.AfDB Supports Tunisia’s Efforts to Integrate into Global Economy
16-Apr-2009 - Tunis, 16 April 2009 – The African Development Bank (AfDB) Group will support Tunisia’s program to boost growth and employment to enable the country to effectively integrate into the global economy with a US$ 250 million budget support loan, approved on Thursday in Tunis by the institution’s Board of Directors.AfDB Helps Morocco Improve Airport Efficiency
16-Apr-2009 - Tunis, 16 April 2009 – The African Development Bank (AfDB) Group will help to improve the operational efficiency of airports across Morocco with a loan of € 240 million approved on Wednesday in Tunis by the institution’s Board. This project involves upgrading facilities at the Casablanca, Fez, Agadir, Marrakech and Rabat, airports, which handle the bulk of air traffic to and from Morocco.Signature de plusieurs accords de prêts et dons entre la BAD et la Guinée-Equatoriale
10-Apr-2009 - Tunis, le 10 Avril 2009 - La Banque africaine de développement (BAD) et la Guinée-Equatoriale ont signé, ce vendredi 10 Avril à Bata (Guinée-Equatoriale), trois protocoles d’accords dont deux prêts d’un montant de 70 millions d’UC et un accord de don de 395.515,25UC.AfDB Pledges US$600 Million for North-South Corridor Activities
07-Apr-2009 - Tunis, 7 April 2009–The African Development Bank (AfDB) Group has pledged to invest US$600 million in the activities of the North-South corridor in the short-to-medium term. The announcement was made by the AfDB President, Donald Kaberuka, on April 6, 2009, during a keynote address at the Tripartite North-South Corridor Pilot Aid for Trade Programme Conference, held in Lusaka, Zambia.AfDB Approves US$ 2 million Emergency Humanitarian Assistance to Djibouti, Mozambique, Togo and Zambia
06-Apr-2009 - Tunis, 6 April 2009–The Board of Directors of the African Development Bank (AfDB) Group has approved emergency humanitarian assistance grants of US$ 500,000 each to Djibouti, Mozambique, Togo and Zambia, to enable the countries provide immediate relief to victims of recent natural disasters such as floods and drought. Djibouti will use the assistance to provide food and other support to 55,000 drought victims in five districts (Arta, Ali Sabieh, Dikhil, Tadjourah and Obock.) as well as 6,000 people at the country’s Ali Addeh refugee camp.AfDB and Partners Sign Agreement Letter on Emergency Aid Grant
03-Apr-2009 - Guinea-Bissau’s Economy and Plan Minister, Héléna Maria José Nosolini Embalo; the WHO Resident Representative in Bissau, Allarangar Yokouide; and the African Development Bank (AfDB) Group’s Regional Resident Representative in Senegal, Mohamed H’Midouche; on Friday, February 27, 2009, in Bissau, signed a letter of agreement for the implementation of a US$ 500,000 emergency aid grant in support of efforts at checking a cholera epidemic.Morocco–AfDB Approves €75 Million Loan for Education Programme
31-Mar-2009 - Tunis, 31 March 2009–The African Development Bank (AfDB) Group will support Morocco’s efforts to revamp its education system with a €75 Million loan approved by the institution’s Board of Directors on Wednesday, 31 March 2009, in Tunis. The National Education Emergency Support Programme aims at making education available to all and improving the quality of teaching and the system’s performance by accelerating the implementation of reforms prescribed in the National Education and Training Charter, as well as consolidating gains and making the...Uganda-US$ 55.8 Million Loan for Markets and Trade Improvement Project
25-Mar-2009 - Tunis, 25 March 2009 - Uganda has secured a concessionary loan of 38 million Units of Account (UA*), equivalent to US$55.8 million, to finance a Markets and Agricultural Trade Improvement Project (MATP-1). Approved on Wednesday in Tunis by the Board of Directors of the African Development Fund, the soft loan window of the African Development Bank (AfDB) Group, the funding will be used to improve marketplace economic and social infrastructure for about 900,000 households in 19 districts in the country.Rwanda–AfDB Supports Butare-Kitabi-Ntendezi Road Project
25-Mar-2009 - Tunis, 25 March 2009 - The African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group, will support the rehabilitation and maintenance of a major road in Rwanda with a grant of 16 million Units of Account (UA*), equivalent to US$23.5 million, approved by the institutions Executive Board on Wednesday, 25 March 2009, in Tunis, Tunisia.ECOWAS: AfDB Group Supports Science and Technology Education Project
18-Mar-2009 - Tunis, 18 March 2009-The African Development Bank (AfDB) Group has re-affirmed its support to the development of science and technology education in Africa with the approval of a grant of 12 million Units of Account (UA*), equivalent to US$ 17.60, million to finance a Network of African Institutions of Science and Technology Project in the Economic Community of West African States (ECOWAS).AfDB, Rwanda and Burundi Sign Draft Agreement on Road and Electricity Projects
17-Mar-2009 - The Bank Group on Monday, March 16, 2009, in Tunis signed a loan agreement of Units of Account (UA) 100 million for the Nyamitanga-Ruhwa-Ntendezi-Mwittyazo multinational road project and an electrical interconnection network project of UA 99.77 million for the Nile equatorial lakes region as part of the total cost of UA160 million with the governments of Rwanda and Burundi.