Press Releases

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The AfDB encourages Development Finance Institutions network in Southern Africa region

22-Nov-2004 - The African Development Bank in conjunction with four partner institutions: the Southern African Development Community- Development Finance Resource Centre (SADC-DFRC), the Joint Africa Institute (JAI), the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC) organized the SADC-Development Finance Institutions Risk Management Training Seminar in Cape Town from November 15 to 19, 2004.

Launching of Axle-load Control on Bamako-Ouagadougou-Accra Corridor

18-Nov-2004 - Launching of Axle-load Control on Bamako-Ouagadougou-Accra Corridor Tunis, 18 November 2004. Burkina Faso, Ghana and Mali will launch on 18 December an axle-load control system along the road corridor linking their capitals, within the framework of Road Programme 1 (RP1) financed by the African Development Fund (ADF), with other donors. The decision to implement the Axle-Load Control Programme along the Bamako-Ouagadougou-Accra road corridor was taken by the ministers of transport of the three countries at the close of their meeting on 24...

The ADF helps improve Living Conditions in Rwanda

17-Nov-2004 - The three operations amounting to 36.66 million Units of Account (UA*), equivalent to 54.95 million US dollars will finance the Inland Lakes Integrated Development and Management Support Project (PAIGELAC) and the Poverty Reduction Strategy Support Loan phase 1. The agreements were signed by Mr. Bisi Ogunjobi, the ADB Group Vice President for West and Central Operations and Mrs. Monique Nsanzabaganwa, Secretary of State in charge of economic Planning of Rwanda.

African Countries, Donors, Civil Society Seek Ways to Maximize Development Outcomes

09-Nov-2004 - Tanzanian President Benjamin M’Kapa today opened the second Africa Workshop on Harmonization, Alignment and Managing for Results, urging participants to intensify the coordination and harmonization of their activities in order to accelerate development and poverty reduction, and facilitate the attainment of the Millennium Development Goals (MDGs).

Namibia, ADB Sign Loan Agreement: Enhancing Broader Access to Social Services

02-Nov-2004 - Enter your complete press release here..

New ADB Assistance Policy to Post-Conflict Countries: ADB Clears 35% of Burundi’s Arrears

27-Oct-2004 - The intervention comes in the form of a loan of 8 million Units of Account (US$ 11.8 million) approved today by the ADB Group. The fund will enable the ADF to immediately resume lending operations to the country. The new ADB Group assistance to post-conflict countries was approved on 19 July 2004.

ADF supports Burkina Faso to halt desert progression

27-Oct-2004 - In this aim, ADF has approved a loan of UA6.4 million (US$ 9.40 million) to finance the Community Investment Project for Agricultural Fertility (PICOFA). The project area, the Eastern region of Burkina, which is one of the poorest parts of the country, is confronted with this phenomenon of accelerated degradation of soils, natural resources and biodiversity in general, a phenomenon exacerbated in the last decades by the demographic growth impact. Over the time, this trend could cause poverty and social conflicts intensification.

ADB Group Helps Tanzania Fight Poverty

27-Oct-2004 - To this end, the Board of Directors of the African Development Fund (ADF), the concessional window of the Bank Group, on Wednesday in Tunis, approved a poverty reduction support loan of 50 million Units of Account (UA*), equivalent to 73.45 million US dollars for the country. This budget support for fiscal year 2004/2005 will help the government implement its poverty reduction programme and achieve broad-based economic growth. The assistance will focus on agriculture, rural development, human capital and institutional development and...

ADB Group Supports Rwanda’s Poverty Reduction Efforts

27-Oct-2004 - The support will come in the form of a loan of 21.9 million Units of Account (UA*), equivalent to 32.17 million US dollars, from the African Development Fund (ADF), the concessional window of the ADB, approved by its Board of Directors in Tunis on Wednesday. The government estimates that poverty currently affects 60% of the population. With the support of the ADB Group, the country achieved a two-digit growth rate between 1995-1997, and maintained an annual growth rate of 7.7% up to 2002, to overcome a 50% economic decline caused by the 1994...

ADF Supports Post-War Reconstruction in Sierra Leone - ADF Grant will strengthen Public Finance and Energy Sectors

20-Oct-2004 - The Board of Directors of the African development Fund (AfDF), the concessional window of the ADB Group, on Wednesday in Tunis, approved a grant of 2.79 million Units of Account (UA*), equivalent to 4.10 million US dollars to strengthen the country's public finance and the energy sectors. Sierra Leone witnessed a brutal war between 1990-2000 that displaced half of its population, disrupted the economy and destroyed the infrastructure including the public electricity supply system.

Regional Integration: ADF Seeks to Connect Dar Es Salaam to Kigali by Rail

20-Oct-2004 - The study on the Isaka (Tanzania) - Kigali (Rwanda) railway, for which the ADF today approved funding in the tune of 1.66 million Units of Account (US$ 2.4 million, equivalent to RWF 1.4 billion or TZS 2.6 billion), will contribute to the creation of a transport community program which is efficient and economical and which promotes regional economic integration. The study aims at determining the optimum solution for the operation of a railway line between Isaka and Kigali on the "Central Transport Corridor" with a view to opening up Rwanda.

Niger Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the AfDB

13-Oct-2004 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 50.01 million in net present value (NPV) terms to the country. Niger will be released from up to 80 percent of annual debt service obligations to the Bank Group until the entire amount is delivered in July 2024.