17-Jun-2009 - Tunis, 17 June 2009 – The Board of Directors of the African Development Bank (AfDB) on Wednesday in Tunis approved an investment of Euro 10 million in the Investment Fund for Health in Africa (IFHA). IFHA is a pioneer multinational private equity vehicle that invests growth equity in privately owned businesses in the healthcare value chain. IFHA uses market instruments to enhance the efficiency and quality of health care in Africa. It focuses mainly on existing health insurance organizations, pharmaceutical production facilities and...
17-Jun-2009 - Tunis, 17 June 2009 – The Africa Development Fund’s (ADF) Board of Directors has approved a US$ 40.65 million (UA 26.26) million to finance the upgrading of the strategic Lungi-Port Loko road link in Sierra Leone.
The 65-km road project, which forms part of the country’s economic development and poverty reduction strategy, aims at closing infrastructure gaps and promoting private sector growth.
16-Jun-2009 - Tunis, Tunisia, 15 July 2009 –The Boards of Directors of the African Development Bank (AfDB) Group held their regular weekly sessions on Wednesday in Tunis, where they approved five operations in four countries to the tune of US$ 113.85 million (73.36 Units of Accounts*) to finance in infrastructure development, governance and capacity building projects.
15-Jun-2009 - Tunis – 12 June 2009 - The Board of Directors of the African Development Bank (AfDB) Group has approved a US$ 5 million subordinated loan for the Liberian Bank for Development and Investment (LBDI).
15-Jun-2009 - The AfDB and Kenya have signed loan agreements on the Farm Infrastructure and Rural Livelihoods Restoration Project and the Mombasa-Nairobi Transmission Line Project. The two loan agreements were signed on June 4, 2009, in Nairobi by the AfDB Resident Representative, Domina Buzingo, and for the Kenyan government by its country’s Deputy Prime Minister and Finance Minister, Uhuru Kenyatta. The AfDB financing is estimated at UA (Units of Accounts) 15 million and UA 50 million respectively.
08-Jun-2009 - London/Washington, D.C., June 4, 2009—IFC, a member of the World Bank Group, the African Development Bank, the Bill & Melinda Gates Foundation, and the German development finance institution DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH announced today that they have created a new private equity fund that will invest in Africa’s health sector.
05-Jun-2009 - The AfDB group, on Wednesday, June 3, 2009, approved an African Water Facility grant of € 999,000 to Swaziland to finance the implementation of Phase II studies of the Lower Usuthu Smallholder Irrigation Project (LUSIP). The studies comprise feasibility studies for a 51 km extension of the main irrigation canal and the preparation of chiefdom development plans which include the provision of water supply and sanitation facilities in an area situated in the south-east of Swaziland.
05-Jun-2009 - Maputo, Mozambique, 5 June 2009 - The African Development Bank (AfDB) Group joined 18 other donors last month in Maputo, where they made commitments to provide budget support to the Mozambican government for 2010.
05-Jun-2009 - Le Conseil d’administration du Fonds africain de développement (FAD) a approuvé, en sa session du 27 mai 2009, à Tunis, l’octroi d’un prêt de 33,6 milliards de F CFA, soit environ 65,65 millions de dollars E.U., pour le financement du Programme de développement de l’irrigation dans le bassin du Bani et à Sélingué (PDI-BS), au Mali.
Ce financement représente environ 31 % du montant total du programme, estimé à 109, 8 milliards de FCFA (environ 215 millions de dollars E.U.).
03-Jun-2009 - Tunis, June 2, 2009 – The Republic of Chad will receive a grant of 31.61 million Units of Account (UA*), about US$ 47.34 million, approved on Tuesday in Tunis by the Executive Directors of the African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group.
The Koumra–Sarh Road Development Project is designed to improve the efficacy of the transport logistic chain, the movement of goods and people in the southern part of Chad (Mandoul and Moyen-Chari), reduce transport cost and open up the country.
03-Jun-2009 - Tunis, June 2, 2009 – The Board of Directors of the African Development (AfDB) Bank Group has approved financing for a CFAF 750-million investment in the Equity of the Banque Congolaise de l’Habitat.
02-Jun-2009 - Tunis, June 2, 2009 - The African Development Bank (AfDB) approved today a loan of 1.5 billion US$ for Botswana, one of the best managed economies in Africa. The loan falls within the framework of the recently approved strategy by the Bank to provide support to member countries affected by the financial crisis and is the largest such facility ever granted by the Bank. The Budget Support Loan is designed to fill part of the gap in the government’s 2009/2010 budget deficit currently estimated at 13.5% of GDP caused by falling commodity prices...
02-Jun-2009 - The African Development Bank (AfDB) Group on Tuesday, June 2, 2008, approved an emergency humanitarian aid grant of US$1 million to finance repair work on the Bas Mangoky irrigated perimeter levee in Madagascar. The approval is in line with the Bank’s emergency aid policy given that it is designed to finance infrastructure rehabilitation following floods in the region. The financing complements Malagasy government and OPEC Fund contributions estimated at US$1 million and US$0.5 million, respectively.
01-Jun-2009 - The African Development Bank (AfDB) Group on May 28 and 29, 2009, launched a water and sanitation project in Lilongwe. The 5-year project, estimated at US$47.2 million, is part of the national water development programme being implemented by the Malawian government under the Irrigation and Water Development Ministry.
01-Jun-2009 - The African Development Bank (AfDB) Group and Liberia have signed a grant agreement of €1,694,000 to finance the country’s Water Sector Reform Study. The initiative is expected to support government efforts to improve water resources management, thereby contributing to efforts at alleviating poverty and meeting MDG targets for water supply and sanitation in the country.
29-May-2009 - An Equity Investment of ZAR 100 Million for the Evolution One Fund
Tunis – 28 May 2009- The Board of Directors of the African Development Bank Group (AfDB) approved a ZAR 100 Million equity investment in the Evolution One Fund, the first specialized private equity fund focused on the acceleration and deployment of clean energy and sustainable technologies across southern Africa to mitigate the effects of climate change on the Continent.
29-May-2009 - A Senior Loan of up to USD 66 million to finance the Main One Project
Tunis – 28 May 2009- The Board of Directors of the African Development Bank Group (AfDB) approved financing of USD 66 million towards the Main One Cable Company for developing a submarine fiber optic cable connection along the West African coast. With this investment, the Bank has further expanded its wide support for African ICT projects following investments in the East African “EaSSy” submarine cable and the two satellites Rascom and New Dawn.
28-May-2009 - Tunis, Tunisia, 27 May 2009 – Mali’s efforts to improve agricultural production received a boost from the African Development Bank (AfDB) Group following the approval of a loan of 44 million Units of Account (UA*), equivalent to US$ 65.90 million, to finance the first phase of the Bani Basin and Selingue Irrigation Development Programme (PDI-BS).
28-May-2009 - USD 40 Million to Finance the Franchising Sector Support Program
Tunis – 28 May 2009- Mandla Gantsho, Vice President in charge of Infrastructure, Private Sector and Regional Integration and H.E. Ahmed Ismail, Ambassador of Arabic Republic of Egypt in Tunisia, signed today a loan agreement for up to USD 40 million to finance the Franchising Sector Support Program in Egypt.
27-May-2009 - Maputo, 26 May 2009 – The African Development Bank (AfDB) and the Government of Mozambique on Tuesday in Maputo concluded two days of negotiations on the terms of the first phase of the Nacala road corridor rehabilitation and construction project.
