Press Releases
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AfDB Board approves US $29.49 million for Burundi road project
26-Sep-2014 - Abidjan, Côte d’Ivoire, September 24, 2014 – The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 24, 2014 approved a US $29.49-million grant to help finance the first phase of the Nyakararo-Mwaro-Gitega (RN18) Road Improvement and Asphalting Project in Burundi.Japan committed to work closely with AfDB, Africa50 and RECs to develop regional infrastructure in Africa
26-Sep-2014 - New York, September 25, 2014 – On the margins of the Climate Summit in New York, the Japanese government convened the second roundtable with African Regional Economic Communities (RECs), chaired by Japanese Prime Minister Shinzo Abe, to underline the importance of regional infrastructure as an essential requisite to Africa's growth.AfDB SME Program-Advans Cameroon: Enhancing inclusive growth and job creation in Africa
26-Sep-2014 - Enhancing inclusive growth and job creation in Africa The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a 1 million Euro line of credit (LOC) equivalent in Central African CFA francs (XAF) to Advans Cameroon. Advans Cameroon is a microfinance institution (MFI) started in 2007 in Cameroon with increasing focus on SMEs given the potential market opportunities. Advans Cameroon had 38,000 entrepreneurs and individual borrowers (men and women) as clients as of end-2013.AfDB and sister institutions committed to move forward on the sustainable transport agenda with US $175 bn in financing
24-Sep-2014 - The historic one-day UN Climate Summit opened on September 23 in New York City with 125 heads of state in attendance. UN Secretary General Ban Ki-moon and US President Barack Obama urged all nations – developed and developing – to agree on a global deal before the 2015 Climate Summit in Paris. They also called for more climate finance investments to develop a climate-smart planet.
AfDB advocates for stronger private sector engagement in broadband development in Africa
23-Sep-2014 - New York, September 22, 2014 – On the margins of the UN Climate Summit taking place in New York on September 23, representatives from the African Development Bank were invited to speak at the 10th Meeting of the Broadband Commission for Digital Development on September 21. The Commission is an advocacy organisation created in 2010 and co-chaired by Rwandan President Paul Kagame and Carlos Slim, Chairman of América Móvil.Nigeria microfinance: USD 5 million line of credit to benefit 1,500 entrepreneurs and create 2,500 new jobs
23-Sep-2014 - Abidjan, September 18, 2014 – The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on September 18, 2014 a USD 5 million line of credit (LOC) equivalent in Naira (NGN) to AB Microfinance Bank Nigeria.AfDB poised to enhance access to additional climate finance for African countries
23-Sep-2014 - To meet the full scale of the global climate challenge and seize the opportunities at hand, domestic efforts must be scaled up and simultaneously leveraged through an international framework that provides incentives. Combined, accelerated action and increased ambition will help advance sustainable development, especially in Africa which suffers most from the effects of climate change. Therefore, discussions at very high level took place on Monday, September 22, on the eve of the UN Climate Summit in New York.Benin - AfDB supports SMEs with 1 million euros to enhance inclusive growth and job creation
23-Sep-2014 - Abidjan, September 18, 2014 – The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on September 18, 2014 in Abidjan, Côte d’Ivoire a EUR 1 million line of credit (LOC) equivalent in Franc CFA to Finadev S.A. Benin.AfDB Approves US$ 29.36 million for Mozambique’s Economic Governance and Inclusive Growth Program
22-Sep-2014 - Abidjan, Cote d’Ivoire – The Board of Directors of the African Development Bank Group (AfDB) on Friday, 19 September 2014 approved a US$ 29.36 million budget support grant to finance the first phase of Mozambique’s Economic Governance and Inclusive Growth Program (EGIGP). The EGIGP is the first of three consecutive programmatic general budget support operations covering fiscal years 2014, 2015, and 2016, with a total indicative financing envelope of US$59.73 million.Benin - AfDB approves US$ 58.50 million for Parakou Urban Transport Project
22-Sep-2014 - Abidjan, Cote d’Ivoire – The Republic of Benin will receive a combined loan and grant amounting to US$ 58.50 million to help finance the Parakou Urban Transport Project, approved by executive directors of the African Development Bank Group (AfDB) on 19 September 2014 in Abidjan. The project involves the rehabilitation and widening of 17.55 kilometers of main roads in the city to double lanes in order to increase urban mobility, reduce accidents as well as improve the peoples’ living conditions.SEFA grants US $950,000 to support Solar Power Plant in Burkina Faso
21-Sep-2014 - The Sustainable Energy Fund for Africa (SEFA) approved a US $950,000 grant for the development of the WINDIGA 20 MW Solar PV power plant in Burkina Faso.Climate change: AfDB continues to show strong leadership in financing low carbon development in Africa
19-Sep-2014 - Abidjan, Côte d’Ivoire, 19 September - Six leading Multilateral Development Banks (MDBs) provided in 2013 about USD 24 billion worldwide in financing for projects in developing and emerging economies that address the challenges of climate change according to the third annual joint MDB report on climate finance. The report, released on 19 September demonstrates the shared engagement expressed by the six MDBs last week to reinforce transparency of their financing in climate change mitigation and adaptation.AfDB approves US $144 million for projects and programmes in Mali, Angola and Burkina Faso
18-Sep-2014 - Abidjan, Côte d’Ivoire – Executive Directors of the African Development Bank Group (AfDB) met in Abidjan on Wednesday, September 17, 2014, and approved five projects worth US $144.4 million for Mali, Angola and Burkina Faso. €16.8 million for the diversification of Moulin Moderne du Mali M3 The Board approved a €16.8-million (10.8 billion francs CFA) private sector corporate loan to help Mali’s agro-food company, Moulin Moderne du Mali M3 diversify its activities.AfDB with other MDBs strongly committed to accelerating action to address climate change
15-Sep-2014 - Abidjan, Côte d’Ivoire, September 11, 2014 – The African Development Bank will participate in the UN Secretary-General’s Climate Summit on September 23, 2014. The Summit will provide a platform for the world leaders from governments, private sector and civil society to make bold announcements and catalyze actions on climate change ahead of a binding legal agreement to take place in 2015 to keep global warming below 2 degrees Celsius. The presence of AfDB is critical to draw attention to the key climate change challenges that impact Africa.Multilateral Development Banks agree to reinforce climate financing in advance of UN summit
12-Sep-2014 - The AfDB is strongly committed to financing climate resilient and low-carbon development in Africa. Abidjan, Côte d’Ivoire – The world’s six multilateral development banks on Thursday, September 11 reaffirmed their shared commitment to lead by example by continuing to reinforce and further develop climate financing through a joint statement issued in advance of the United Nations Secretary-General’s Climate Summit being convened in New York on September 23.