Press Releases

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Ethiopia Reinforces Poverty Reduction Reforms with ADF Support

13-Oct-2004 - 13-Oct-2004 - In order to tackle the challenges posed by these problems, the African Development Fund (ADF) is partnering with the Ethiopian Government in its efforts to enhance sustainable development and reduce poverty. The Fund has approved a loan of 60 million Units of Account (US$ 88 million) aimed to support the implementation of the Government’s Sustainable Development & Poverty Reduction Programme. The program is expected to result in rapid and sustainable economic growth by commercializing smallholder agriculture, securing land...

ADF Supports Rural Electrification in Senegal

13-Oct-2004 - 13-Oct-2004 - This new intervention of the ADF, which has approved today a loan of 9.58 million units of account (US$ 14 million), will support a rural electrification project in the Senegalese region of Louga. The project will help improve the living conditions of rural populations through improved access to electricity and enhanced management capacity of sub-sector institutions, while promoting productive sectors (trade, cottage industries, stockbreeding, etc.). The availability of power will help improve the ability to meet drinking water...

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

13-Oct-2004 - 13-Oct-2004 - The Bank will, as a result, provide irrevocable debt relief of US$ 339.5 million in net present value (NPV) terms to the country. Ethiopia will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered. In practical terms, its 2004 debt service obligations, for example, will fall from about US$ 41.33 million to about US$ 11.28 million. To reach completion point, the government had to fulfill three key conditions: - Completion and satisfactory implementation of its agreed...

ADF Supports Good Governance in Malawi

06-Oct-2004 - 06-Oct-2004 - The Board of Directors of the ADF on Wednesday in Tunis approved a loan of 12 million Units of Account (UA), equivalent to 17.63 million US dollars in support of Malawi’s efforts to implement the policy reforms program aimed at promoting good governance in the country’s public sector. The loan will be used to support the enhancement of accountability and transparency throughout Malawi’s public sector and targeted legal reforms aimed at improving access to justice, curbing corruption, and accelerating the law reform process. The...

ADF Supports the Nile Basin Initiative to strengthen the Water Sector in Member Countries

06-Oct-2004 - 06-Oct-2004 - To support this Initiative, the African Development Fund (ADF) on 6 October 2004 inTunis, approved a grant amounting to 2.10 million Units of Account (UA), equivalent to 3.108 million US dollars which will be used to finance the Water Resources Planning and Management Project. The project will enable the NBI, in addition to the formulation of water policy, to undertake the following activities: - Water Resources Planning and Management; - Preparation of a computer based Decision Support System (DSS); - Regional coordination and...

Le FAD soutient le développement de la pêche continentale au Mali

06-Oct-2004 - 06-Oct-2004 - Le Projet d’appui au développement de la pêche continentale (Padepeche), adopté mercredi par le Fonds africain de développement, est une réponse à l’absence d’infrastructures de base, de centres de traitement et conditionnement, ainsi que la faible capacité des populations bénéficiaires et des services d’encadrement. Un prêt de 15 millions d’unités de compte (UC), équivalant à 22 millions de dollars EU (11,6 milliards FCFA), financera le projet. L’objectif du projet est de contribuer au renforcement de la sécurité alimentaire du...

ADF Supports Growth, Poverty Reduction and Good Governance in Cape Verde

06-Oct-2004 - 06-Oct-2004 - The African Development Fund (ADF) has decided to support the process with a loan of 2.50 million Units of Account (UA*), equivalent to 3.67 million US dollars, approved by its Board of Directors in Tunis on Wednesday. The programme comprises four components: Consolidation of public finances; Strengthening of governance; Intensification of poverty reduction actions; and Elimination of structural constraints on growth and private sector development. The macroeconomic objectives are to achieve, by the year 2005, an annual real...

Rwanda Improves Food Security : An ADF project will help create 20,000 jobs

06-Oct-2004 - 06-Oct-2004 - While improving the incomes of actors in the fisheries sub-sector in a sustainable manner, the project will contribute to strengthening food security in Rwanda, through a grant amounting to 1 million Units of Account (US$ 1.47 million or RWF 842 million) and a loan amounting to UA 13.76 million (US$ 20.21 million or RWF 11.6 billion). The Inland Lakes Integrated Development and Management Support Project will help build national capacities in the sustainable management of fish resources, ensure sustainable build up of fish...

AfDB encourages integration of Renewable Energy Development in its projects in Africa

30-Sep-2004 - 30-Sep-2004 - Tunis, 30 September 2004 – The African Development Bank (ADB) will organize a Wind Energy Workshop on 28 and 29 October in Tunis to encourage the development of marketable Wind Energy potentials on the continent, in the framework of its support to Private Sector and Sustainable Development in Africa. In this perspective, the ADB Staff participated to the FINESSE Renewable Energy Staff Seminar held on 23 September on the site of the Tunis International Centre for Environmental Technologies (CITET) in Tunis. The objective of this...

Foreign Investments Target Uganda’s Mining Sector

29-Sep-2004 - 29-Sep-2004 - The ADF grant will be utilized to finance the procurement of goods and services for Airborne Geophysical Surveys (airborne data acquisition, compilation of information on surface and sub-surface geology, data processing, interpretation, quality control and publication of these data). It will also finance Laboratories and Geological Storage (procurement of relevant equipment for providing support services to mineral exploration and exploitation programs as well as setting up of rock sample labs and museum). The grant will...

AfDB at the Service of Peace in West Africa

29-Sep-2004 - 29-Sep-2004 - The Support to ECOWAS for Peace and Development Project will help strengthen the institutional capacities of ECOWAS and civil society in countries affected by conflict and to achieve better coordination, management and implementation of conflict prevention measures in the context of good governance. The project will help minimise the risks of conflict in the sub-region and promote economic recovery in areas that are already experiencing conflict. Among other outputs, the project will help to implement the protocols on conflict...

African Development Fund Supports Construction of Feeder Roads in Burkina Faso

29-Sep-2004 - 29-Sep-2004 - The loan of 15.71 million Units of Account (UA), equivalent to 22.95 million US dollars was approved by the Board of Directors of the ADF in Tunis on Wednesday to finance the Feeder Roads Project. The project will involve the improvement of 975km of feeder roads in 13 provinces of the country. This will include 865 km of cotton-farm tracks in the West and Southwest and 110 km of tracks serving the market-garden areas in the provinces of Houet and Kadiogo. It will also involve works control and supervision; as well as technical...