Press Releases

Displaying 3921 - 3940 of 5337

Senegal: AfDB approves US$ 33.5 Million to promote youth and women employment

25-Oct-2013 - The Board of Directors of the African Development Bank (AfDB) Group) on Wednesday, 23 October 2013 in Tunis, approved a loan amounting to US$ 33.5 for Senegal to help the country finance the Project to Support the Promotion of Employment for Youth and Women (PAPEJF).

AfDB underscores crucial role of African knowledge on climate adaptation at “Africa Climate Conference 2013”

25-Oct-2013 - “Advancing African Climate Science Research and Knowledge to Inform Adaptation Decision-Making in Africa”, was the theme of the Africa Climate Conference (ACC 2013) held in Arusha, Tanzania from 15-18 October.  The event that was co-sponsored by the African Development Bank (AfDB) sought to strengthen the link between the generation of climate knowledge and the needs of climate information users for timely, reliable and predictable information.

AfDB Approves US$67.19 Million for Agricultural Infrastructure in Benin

24-Oct-2013 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, 23 October 2013 in Tunis approved a combination of one loan and two grants amounting to US$ 67.19 million to finance the Oueme Valley Agricultural Infrastructure Support Project (PAIA-VO) in Benin. The objective of the PAIA-VO is to help ensure sustainable increase in agricultural productivity and production by promoting growth sub-sectors. Overall, the project is expected to enhance food and nutrition security, as well as strong and inclusive economic growth in...

Farmers in Cameroon to benefit from US$25.70 million for AfDB rural infrastructure and development support project

24-Oct-2013 - Farmers in the North-Western region of  Cameroon will benefit from a loan and a grant amounting to US$25.70 million (UA 16,800 million) approved by the African Development Bank’s Board of Directors to help finance the Grassfield Rural Infrastructure and Participatory Development Support Project, Phase II The Project aims to improve agricultural production and incomes of beneficiary communities by creating rural infrastructure and building capacity. It will help to reduce poverty in the rural communities in the area covered by the project.

ADF Loan for Greater Transparency and Accountability of Public Sector Spending in Lesotho

24-Oct-2013 - The African Development Fund (ADF) – the soft loan arm of the African Development Bank Group – approved a grant of USD 3.99 million for an institutional support project for the enhancement of public financial management in Lesotho. 

AfDB expands climate finance outreach with new Growing Green Africa series

24-Oct-2013 - The African Development Bank (AfDB), as a key implementing agency for the $7.6 billion Climate Investment Funds (CIF), has launched a new Growing Green series to expand stakeholder and public knowledge about its CIF partnership in Africa. The series includes:

Two Businesses from Côte d’Ivoire and Tanzania Win Grants from the Agriculture Fast Track Fund

22-Oct-2013 - ôTwo new applicants have been awarded grants under the Agriculture Fast Track Fund,” the African Development Bank (AfDB) announced on 18 October 2013.  This coincides with the celebration of the 2013 World Food Day. According to Chiji Ojukwu, Director, Agriculture and Agro-Industry, “these awards are a demonstration of the extent to which African countries and their development partners are willing to go to propel the African agriculture transformation through enhanced development of agribusinesses in a manner that is more consistent with how...

AfDB supports SMEs in Africa with a US $12.5 Million Equity Investment in Kibo Fund II

18-Oct-2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.

AfDB grants VoLo US $284 500 for credit bureau initiative in Senegal and The Gambia

18-Oct-2013 - The African Development Bank (AfDB) and VoLo signed on Friday, October 18 a grant agreement amounting to US $284,472 to facilitate financial inclusion and improve the efficiency of micro, small and medium-sized enterprises (MSMEs) financing in Senegal and The Gambia through the piloting of an innovative technology-based solution for collecting and disseminating credit information on MSMEs to prospective creditors. This innovative project will enhance the region’s financial structures by improving credit information, thereby ultimately...

AfDB and UK delegations visit Souk At-tanmia, a social inclusion project

14-Oct-2013 - As part of Souk At-tanmia Partnership, a pilot program initiated by the African Development Bank (AfDB) in support of entrepreneurship, the British Ambassador to Tunisia, Hamish Cowell, paid a visit on Friday, October 11 to one of the project beneficiaries – the Therapeutic Farm for the Disabled (FTH) in Sidi Thabet, a rural zone outside the Tunisian capital.

AfDB and sister organizations are committed to supporting world trade facilitation

13-Oct-2013 - Heads of seven institutions issued the following statement on trade facilitation assistance at the World Bank/IMF Annual Meeting, October 13, 2013, Washington DC The Ninth WTO Ministerial Conference in Bali, Indonesia on 3-6 December 2013 offers an opportunity to conclude a WTO Trade Facilitation Agreement that will deliver tangible economic benefits for developing and least-developed countries.  We urge WTO Members to seize this opportunity.

AfDB launches 3-year USD 500 million Inaugural Green Bond

11-Oct-2013 - On Thursday, 10th October 2013, the African Development Bank (AfDB), rated Aaa/AAA/AAA, launched its inaugural Green Bond transaction.

AfDB Supports COMESA-EAC-SADC Tripartite Capacity Building Programme

11-Oct-2013 - The Board of Directors of the African Development Bank Group on Wednesday, October 9, 2013, approved a grant of US $7.5 million to finance the COMESA-EAC-SADC Tripartite Capacity Building Programme (TCBP). The programme will provide technical assistance to the three regional Economic communities (RECs) and the 26 Tripartite Regional Member-Countries (RMCs) with a view of increasing intra-Tripartite trade. It will enhance the Tripartite negotiation process, develop trade facilitation instruments and industrial cluster action plans in the...

Mali to Receive US $75.5 Million Soft Loan to Finance a Drinking Water Supply Project in Bamako

10-Oct-2013 - The African Development Bank Group approved on Wednesday, October 9 a US $75.5 million (UA 50 million) soft loan for Mali to help the country finance a drinking water supply project in Bamako. The project aims to produce an additional 144, 000 cubic metres of drinking water per day from Kabala locality to be supplied to the capital, Bamako. This volume of water represents 68% of current production. Bamako’s current rate of access to drinking water is estimated at 36%.

AfDB Approves €15 Million General Budget Support Loan for Cape Verde

10-Oct-2013 - The Board of Directors of the African Development Bank Group on Wednesday, October 9, 2013 approved a €15-million general budget support loan for Cape Verde, to help the country finance its Public Corporate Governance and Investment Promotion Support Programme (PAGEPPI). The Programme aims to help Cape Verde to consolidate its macroeconomic framework and foster growth by improving public corporate governance in State-owned enterprises and promoting private investment.

AfDB Supports Public Finance Management Reforms in Malawi

10-Oct-2013 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on 9 October 2013,a grant amounting to UA 2.98 million (about US$ 4.6 million), to finance the Public Finance Management (PFM) Institutional Support Project  in Malawi.  The grant will support the Government of Malawi in implementing its five-year Public Finance and Economic Management Reform Program (PFEMRP).

Burkina Faso Receives US $50.66 Million Grant for Drainage of Ouagadougou Districts

10-Oct-2013 - Burkina Faso will receive a US $50.66 million (UA 33.02 million) grant to finance a drainage and solid waste management project in the outlying districts of Ouagadougou. The sub-project was approved by the African Development Bank Group on Wednesday, October 9, 2013 in Tunis. Based on studies conducted by the African Water Facility in 2012, the sub-project aims to tackle drainage and solid waste management issues, and constitutes the backbone of all future operations in the sector.

La BAD finance une étude pour l’amélioration de l’accès à l’énergie électrique au Tchad et au Cameroun

09-Oct-2013 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé le 7 octobre à Tunis le  financement par le Fonds africain de développement (FAD) de l’étude du projet d’interconnexion des réseaux électriques du Cameroun et du Tchad. Le projet vise la réalisation d’une ligne de transport électrique de 700 km entre Ngaoundéré, Maroua (Cameroun) et Ndjamena (Tchad), d’une bretelle de 250 km entre Maroua (Cameroun), Mogrom et Ndjamena (Tchad), et d’un programme d’électrification rurale le long de chaque couloir de...

AfDB mobilizes USD 8.93 million of adaptation finance from the Global Environment Facility for Togo

09-Oct-2013 - The Council of the Least Developed Countries Fund (LDCF) hosted by the Global Environment Facility has approved on September 20, 2013 a project aiming at strengthening climate resilience of infrastructure in coastal areas in Togo through a grant of USD 8.93 million.

SEFA and WAFCEF partners gather in Ghana to present best clean energy entrepreneurs in West Africa

04-Oct-2013 - The Sustainable Energy Fund for Africa (SEFA), a multi-donor initiative administered by the African Development Bank (AfDB), will participate at the West Africa Clean Energy Finance Forum (WAFCEF) to recognize the finalist entrepreneurs identified throughout 2013 by a team from the various event co-sponsors: Private Financing Advisory Network (CTI PFAN) and the Regional Clean Energy Investment Initiative (RCEII) of the U.S.