10-Mar-2009 - Tunis, 7 March 2009 – The African Development Bank Group (AfDB) and Côte d’Ivoire on Friday, March 6, 2009, signed three grant agreements worth CFAF 248 billion, that have enabled the country clear its debt arrears to the institution and re-engagement with development partners.
The first agreement was on the Bank’s contribution worth CFAF 184 billion to the country’s arrears clearance. The other agreements with a combined value of CFAF 64 billion aim at supporting the country’s economic and financial reform programme through budget support.
10-Mar-2009 - Tunis, 7 March 2009 - The African Development Bank (AfDB) Group has set out measures to provide concrete support to institutions and projects in Africa to help mitigate the impact of the prevailing financial crisis in it’s Regional member countries (RMCs).
06-Mar-2009 - Tunis, 6 March 2009 – The Board of Directors of the African Development Fund (ADF), the concessionary arm of the African Development Bank (AfDB) Group, has approved a grant of 10 million Units of Account (UA*), equivalent to US$14.67 million to finance Malawi’s poverty reduction and public financial management reform programs.
The grant will support key reform measures aimed at enhancing the budget process, audit and procurement functions in order to improve transparency and accountability in the use of public resources.
06-Mar-2009 - Tunis, 6 March 2009 – The African Development Bank (AfDB) Group sent a resounding message of support to Côte d’Ivoire on Friday, with the approval of a Global Country Strategy Note (2009-2010), an Arrears Clearance Plan as well as an Economic Reform Support Programme (PAREF). This marks a milestone in the cooperation between the Bank Group and Côte d’Ivoire and paves the way for reengagement of other development partners.
05-Mar-2009 - Considering the gravity of the crisis and the Bank’s capacity as the continent’s premier development finance institution, the African Development Bank (AfDB) Group is providing concrete support to institutions and projects in Africa given the intensity of external shocks and evaporating financial resources.
To this end, the AfDB Board of Directors on Wednesday, 4 March 2009 in Tunis, Tunisia, adopted a policy paper on the "Bank’s Response to the Economic Impact of the Financial Crisis”. The response comprises four initiatives to be considered...
02-Mar-2009 - The organisation that works to enhance and accelerate the development of Africa’s infrastructure is to hold its annual meeting next week – focusing on the impact of the international financial crisis on Africa as a key issue on the agenda.
The 5th Annual Meeting of the Infrastructure Consortium for Africa (ICA), which helps improve lives and economic well-being on the continent by encouraging, supporting and promoting increased investment in infrastructure in Africa, will take place in Rome from 10-11 March 2009.
27-Feb-2009 - February 20, 2009 - African media experts, managers, and journalists from various state-run and private organizations along with communication practitioners from regional institutions, including the AUC, NEPAD Secretariat, UNECA, UNDPI, UNAIDS, OSAA and the AfDB, last Friday, February 20, 2009, in Johannesburg, called on each other to closely collaborate in efforts at delivering development information in Africa.
26-Feb-2009 - Tunis – 25 February 2009 - The Board of Directors of the African Development Bank Group has approved a US$ 40-million loan to finance a Franchising Sector Support Program (FSSP) in Egypt.
25-Feb-2009 - Tunis, 25 February 2009 – Antoinette Batumubwira has been appointed head of the External Relations and Communication Unit of the African Development Bank (AfDB) Group.
25-Feb-2009 - Tunis, 25 February 2009 - The African Development Bank (AfDB) Group Board of Directors has approved a grant of 14 million Units of Account (UA)*, equivalent to US$ 20.9 million, to help finance a Multi-Country Demobilization and Reintegration Transitional Support Program (MDRTSP) in the Great Lakes Region.
The Program aims at ensuring the effective reintegration of ex-combatants in the Great Lakes Region in order to improve prospects for peace building and economic recovery in the region.
23-Feb-2009 - The Bank Group and Kenya on February 18, 2009, signed two loan agreements worth UA 42 Million for the Community Empowerment and Institutional Support Project (CEISP) and the Technical, Industrial, Vocational and Entrepreneurship Training (TIVET) Programme. The CEISP and the TIVET will have UA 17 million and UA 25 million, respectively.
20-Feb-2009 - Tunis, 20 February 2009 – The African Development Bank (AfDB) Group and the Republic of Benin signed on Friday in Tunis an agreement for an African Development fund (ADF) loan of 25 million Units of Account (UA*), equivalent to US$ 37 million (CFAF 19 billion), to finance the country’s Milk and Meat Sectors Support Project (PAFILAV).
19-Feb-2009 - Tunis–18 February 2009- The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 30 Million Line of Credit and a USD 7.5 Million equity investment to Shelter-Afrique. The LOC will be used for on-lending to private real estate developers and housing finance companies to finance housing projects and related infrastructure services. The equity investment will strengthen Shelter-Afrique’s capital base.
18-Feb-2009 - In its 18 February 2009 meeting, the AfDB Board of Directors approved a US$ 30 million line of credit and US$ 7.5 million equity investment in Shelter-Afrique.
18-Feb-2009 - Tunis–18 February 2009- The Board of Directors of the African Development Bank Group (AfDB) approved a US$ 100-million Line of Credit (LoC) to support Nigeria’s Intercontinental Bank Plc. in financing small and medium-sized enterprises (SMEs).
The LoC will be used for medium- to long-term financing for SMEs in manufacturing, services, and natural-resource projects across Nigeria. These projects will ultimately enhance productive capacity and growth in the country.
18-Feb-2009 - Tunis, 18 February 2009–Nearly one million people will directly benefit from a rural drinking water and sanitation program initiated by the Senegalese government with the help of a loan of 30 million Units of Account (UA*), equivalent to US$ 44.76 million, approved on Wednesday in Tunis, by the Executive Directors of the African Development Fund, the concessional window of the African Development Bank (AfDB) Group.
12-Feb-2009 - Tunis, 11 February 2009 - The Board of Directors of the African Development Bank (AfDB) Group has approved a combined loan and grant of 41 million Units of Account (UA*) equivalent to US$ 61 million, to finance the rehabilitation of key roads in landlocked Burkina Faso.
The funding, which comprises a UA 10-million loan and a UA 31-million grant from the African Development Fund, the concessionary loan window of the Bank Group, will help in the rehabilitation of the Koupela–Bittou–Cinkanse–Togo Border road and the Mogande Access Road.
12-Feb-2009 - Tunis, 11 February 2009 - The African Development Bank (AfDB) Group made good its commitment to support Togo’s development efforts on Wednesday in Tunis where the Board of Directors of the Bank Group approved funding to the tune of 12.5 million Units of Account (UA*), about US$ 18.65 million, to help implement the country’s Reform and Governance Support Programme (PARG).
09-Feb-2009 - Tunis, 8 February 2009 - The Gambia government will benefit from a grant of 4 million Units of Account (UA*), equivalent to US$ 6 million, for the implementation of its Poverty Reduction Budget Support (PRBS) program, following an agreement signed by the African Development Bank Group and the government on Friday, 6 February 2009, in Tunis.
04-Feb-2009 - Tunis, 4 February 2009 - Efforts by the Lesotho government to improve electricity supply in the country received support from the Board of Directors of the African Development Bank (AfDB) Group which, on Wednesday in Tunis, approved a combined loan and a grant of 11 million Units of Account (UA*), equivalent to US$ 16.4 million, to finance the country’s Electricity Supply Project.
