Press Releases
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AfDB Approves USD 14 Million for its first Private Sector direct investment in Restoration of Degraded Forests through Sustainable Forest Plantations in Ghana
18-Jul-2016 - The Board of Directors of the African Development Bank Group (AfDB) on July 13, 2016 approved a USD 14 million senior loan through its private sector window to Form Ghana Ltd for restoration of degraded forest reserves through sustainably managed forest plantations. The Board decision supports the Bank’s contribution to inclusive and green growth, and its commitment to providing and leveraging well-placed finance for climate resilience.
AfDB and Rwanda sign a USD 93 million financing agreement to rehabilitate a road project
18-Jul-2016 - The African Development Bank (AfDB) and the Government of Rwanda signed a new African Development Fund loan financing agreement and an European Union (EU) –Africa Infrastructure Trust Fund grant agreement for the amounts of US$ 93.1 million and USD $ 22.4 million respectively to finance the rehabilitation and widening of the Kagitumba-kayonza-Rusumo road (208 km) and the associa
AfDB funds a platform to support women empowerment in 36 African countries
18-Jul-2016 - On 15th of July 2016, the African Development Bank (AfDB) approved USD 12.4 million grant for a project called "50 million Women Speak" to create a networking platform dedicated to sub-Saharan women entrepreneurs. The grant will be spread between the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Economic Community of West African States (ECOWAS).Le président de la BAD en visite officielle au Maroc
18-Jul-2016 - Le président du Groupe de la Banque africaine de développement (BAD), Akinwumi Adesina, se rend au Royaume du Maroc pour une visite de travail, du 19 au 23 juillet 2016. Il s’agit de la première visite officielle du président de la BAD au Maroc depuis qu’il a pris ses fonctions, le 1er septembre 2015.La BAD et le Maroc signent un accord de prêt de 157 millions $, pour développer le secteur financier
15-Jul-2016 - La Banque africaine de développement (BAD) et le Royaume du Maroc ont signé, jeudi 14 juillet 2016 à Abidjan, un accord de prêt de 157 millions de dollars EU, destiné à soutenir le Programme d’appui au renforcement de la stabilité et de l’inclusion financière (PARSIF) du Maroc.
AfDB Group announces USD 1-million emergency grant to mitigate severe malnutrition for Madagascar’s Great South Region
15-Jul-2016 - The African Development Bank has approved a USD 1 million emergency grant to fight the scourge of malnutrition in the Great South of Madagascar. The purpose of the grant is to improve the nutritional status of vulnerable groups by decreasing the severity of food insecurity as well as decreasing the overall acute malnutrition of children under the age of five years in the region. The Bank support will result in the increase of the number of households that have access to a nutritious diet through Food and Nutrition Assistance services.AfDB Boosts Ethiopia’s power industry with a USD 104 million loan
15-Jul-2016 - The African Development Bank has approved a USD 104 million loan to the Government of Ethiopia for a project which will sustainably extend power to industries, small businesses to enhance job creation and improve access to basic services in the country’s Tigray and Afar regions.
AfDB helps Côte d’Ivoire train the next generation of agriculture entrepreneurs
14-Jul-2016 - The African Development Bank's Agriculture and Agro-industry Department (OSAN) in conjunction with the Ministry for the Promotion of Youth, Youth Employment, and Civic Engagement of Côte d'Ivoire held a workshop at the Bank in Abidjan on 8 July to reflect on the imperatives for the successful implementation of ENABLE Youth-Cote d'Ivoire (CI).Tunisie : un prêt de 268 millions € de la BAD pour moderniser le secteur financier
14-Jul-2016 - Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé, le 13 juillet 2016, à Abidjan, un prêt de 268 millions d’euros, destiné à soutenir le programme d’appui à la modernisation du secteur financier (PAMSFI). Ce programme, qui sera mis en œuvre sur la période 2016-2017, a pour but de contribuer à créer les conditions nécessaires pour une croissance économique accélérée, résiliente et inclusive, à travers un renforcement du rôle du secteur financier dans le financement de l’économie.Maroc : un prêt de 157 millions $ de la BAD pour appuyer le secteur financier
14-Jul-2016 - Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé, le 13 juillet 2016 à Abidjan, un prêt de 157 millions de dollars EU, destiné soutenir le Programme d’appui au renforcement de la stabilité et de l’inclusion financière (PARSIF) au Maroc.14,73 millions de dollars de la BAD à la Guinée pour appuyer les réformes économiques et financières du pays
14-Jul-2016 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé, le 13 juillet 2016 à Abidjan, en faveur de la Guinée, deux dons et deux prêts d’un montant total de 14,73 millions de dollars américains pour le financement de la troisième phase du Programme d’appui aux réformes économiques et financières (PAREF III).
Financial Markets: The African Development Bank and the African Securities Exchanges Association join forces to deepen Africa’s capital markets
13-Jul-2016 - The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) have signed, on Monday 11 July 2016, a five-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa's economic growth. This MoU will provide a collaborative framework for harmonizing and coordinating the efforts of AfDB, Africa's premier development finance institution, and ASEA, the apex body of African stock exchanges, towards deepening and connecting...
Official launch of the Tanzania Sustainable Energy for All (SE4All) Action Agenda and Investment Prospectus
13-Jul-2016 - Tanzania’s Minister of Energy and Minerals, Sospeter Muhongo officially launched the Sustainable Energy for All (SE4All) Action Agenda and Investment Prospectus for Tanzania during a workshop attended by the UN Resident Coordinator for Tanzania, Alvaro Rodriguez, the EU Ambassador to Tanzania, Roeland Van De Geer, and the AfDB’s Resident Representative in Tanzania, Tonia Kandiero.
AfDB announces the appointment of Dr. Celestin Monga as Chief Economist and Vice President, Economic Governance and Knowledge Management
11-Jul-2016 - The African Development Bank (AfDB) on Sunday, 10 July 2016 announced the appointment of Dr. Celestin Monga, a Cameroonian national and currently the Managing Director at the United Nations Industrial Development Organization (UNIDO), as the Bank’s Chief Economist and Vice President, Economic Governance and Knowledge Management. Monga has held various board and senior executive positions in academia, financial services and international development institutions.Lighting up and Powering Africa: AfDB boosts Eskom’s electricity generation capacity with a USD 1.34 billion jumbo loan
08-Jul-2016 - Within the context of the New Deal on Energy for Africa, the African Development Bank (AfDB) and South Africa's power utility (Eskom) on Wednesday, Thursday, July 7, 2016 in Johannesburg, signed loan facilities for a USD 1.34 billion towards Eskom's capital expenditure program.African Water Facility: Ensuring long-term water safety in Tunisia
07-Jul-2016 - In its bids to fairly, sustainably and efficiently manage water on the continent, the African Water Facility (AWF) approved a grant of €1.4 million to Tunisia on 20 June 2016. This donation will be used to implement the project entitled “Development of the vision and strategy of the water sector by 2050.” This project will take an integrated management approach on resources to contribute to the country’s socioeconomic development.Facilité africaine de l’eau : Desservir l’eau potable en milieu rural au Maroc
07-Jul-2016 - La Facilité africaine de l’eau (FAE), qui soutient l’amélioration du service d’alimentation en eau potable au Maroc, vient d’approuver un don de 815 100 euros, dont bénéficieront près de 390 000 personnes réparties sur 31 communes, grâce aux projets d’El Borouj, de Larache Nord et de Safi Ouest, dans le nord du pays.AfDB helps DRC and Nile Equatorial Lakes countries increase access to electricity
07-Jul-2016 - The African Development Bank has approved a USD 11 million grant to the Democratic Republic of Congo (DRC) in support of a project to extend affordable electricity coverage within the country as well as to neighboring Nile Equatorial Lakes countries in the short term.
Transport and ICT projects financed by the AfDB in 2015 to create thousands of jobs, increase mobility and improve the lives of millions
07-Jul-2016 - The impacts arising from investments made by the African Development Bank Group in 2015 will collectively improve mobility of at least 1.2 million users of public transport, result in employment generation of about 200,000 jobs in the ITC sector and benefit almost 18 million people from improvements in road infrastructure.