Press Releases

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ADF supports Poverty Reduction Programme in Ethiopia

04-Feb-2005 - The ADB Vice-President for North, East and South Operations, Mr. Theodore Nkodo and the Ethiopian Ambassador to France, Mr. Sahle-Work Zewde, signed in Tunis, the agreement for the loan which will be used to support the implementation of the Government’s Sustainable Development & Poverty Reduction Programme.

Multinational Electric Power Grids Study: ADF supports Energy Integration in Western Africa

26-Jan-2005 - Tunis, 26 January 2005 – The African Development Bank (ADB) Group has decided to support the development of integrated hydro-electric power in West Africa. River basins in the sub-region offer an opportunity for the development of the largely unexploited energy potential. Hydropower would help end the persistent problems of power shortage and the heavy dependence on imported petroleum products for the production of electricity through the inter-connection of the sub-regional power grids.

Multinational Electric Power Grids Study: ADF supports Energy Integration in Western Africa

26-Jan-2005 - In this perspective, the Board of Directors of the African Development Fund (ADF), the concessional window of the Bank Group approved in Tunis on Wednesday, a grant of 3.45 million Units of Account (UA*) equivalent to US$ 5.35 million, to finance a hydro-electric study for the benefit of the Gambia River Basin Development Organization (OMVG) countries. Specifically, the project involves detailed studies and the preparation of bidding documents for the Sambangalou and Kaléta Hydro-Electric power schemes as well as the interconnection of the...

ADF, Uganda sign 6 grant and loan agreements: sustainable development and environment protection

18-Jan-2005 - The ADB Vice-President for operations, Mr. Bisi Ogunjobi and Uganda’s Minister of State in charge of Investments, Finances Planning and Economic Development, Mr.

ADF, Madagascar sign agreements related to Good Governance and fight against AIDS

13-Jan-2005 - The ADB Vice-President for North, South and East operations, Mr. Theodore Nkodo and Madagascar Minister of Finances, Mr. Benjamin Radavidsonsigned in Tunis two grant agreements from the African Development Fund (ADF) to finance a project for the control of communicable diseases HIV/AIDS, sexually transmitted diseases STD, tuberculosis and hepatitis) and a project of Institutional Capacity Building for Good Governance (PRIBG)in the amount of about US$ 9 million, equivalent to UA* 6 million for each project.

AfDB, WAEMU Seek to Strengthen Cooperation

13-Jan-2005 - Tunis, 13 January 2005 – The African Development Bank Group (ADB) and the West African Economic and Monetary Union (WAEMU) are working on a Protocol Agreement aiming at formally boosting cooperation between the two Institutions. This agreement could be finalized by June 2005. This is the conclusion reached at a recent working session held between the two Institutions within the framework of a visit to the Temporary Relocation Agency by a WAEMU delegation headed by the Chairman of the WAEMU Commission, Mr. Soumaïla Cisse.

ADF, Burundi sign 4 loan and grant agreements to support socio-economic reforms, institutional modernization and good governance

12-Jan-2005 - The ADB Vice-President for Central and West operations, Mr. Bisi Ogunjobi and Burundi’s Minister of Finances, Mr. Athanase Gahungu signed in Tunis four loan and grant agreements from the African Development Fund (ADF) to finance three important operations for a total amount of US$ 36 million equivalent to UA* 23 million. These three operations will focus on administrative modernization, basic infrastructure rehabilitation, protection of environment and reinforcement of capacity building.

Green light for AfDB regional office in Dakar: The AfDB will have 25 representation offices in Africa at the end of 2006

28-Dec-2004 - Tunis, 28 December 2004 – The Senegalese National Assembly has ratified the agreement establishing the African Development Bank (ADB) Group regional office in Dakar. The Regional office covers the activities of the ADB and the African Development Fund (ADF) in Senegal, Mauritania, The Gambia and Cape Verde.

ADF, Liptako-Gourma Authority Sign Grant Agreement: Improve economic integration in Western Africa

27-Dec-2004 - The Institutional Support Project funded by the ADF will provide ALG, a regional cooperation organization including Burkina-Faso, Mali and Niger, with an energy and rural transport plan for the Liptako-Gourma Region which by the year 2006 will lead to a regional stock watering programme, a regional electrification programme and a rural road programme.

Rwanda: ADF Road Project will help Open up Rural Areas

20-Dec-2004 - The Board of Directors of the ADF approved in Tunis on Monday, a loan of 15.20 million Units of Account (UA*), equivalent to 23.35 million US dollars to finance the Gitarama-Ngororero-Mukamira road project.

Donors agree on Tenth Replenishment of the African Development Fund

17-Dec-2004 - Copenhagen, 17 December 2004 – The African Development Fund (ADF) Deputies met in Copenhagen, Denmark, on December 16-17, 2004, for the Tenth Replenishment of the African Development Fund. Representatives of borrowing countries (Burundi, Ethiopia, Mali and Zambia) also participated in the replenishment discussions.

African Development Bank Group resumes its assistance to Congo

14-Dec-2004 - The AfDB Vice-President for Central and West operations, Mr. Bisi Ogunjobi, and Congo Minister of Economy, Finance and Budget, Mr. Rigobert Andely, signed today in Tunis a grant agreement of US$ 51.1 million (33.3 million Units of Account or 26 billion FCFA) to finance an arrears clearance programme. Mr Ogunjobi and Mr. Andely also ratified an African Development Fund (ADF) loan agreement, to support the Policy Reform Programme, reaching US$ 10.7 million (UA 7 million).

African Development Bank Group resumes its assistance to Congo

14-Dec-2004 - Tunis, 14 December 2004 – The African Development Bank (ADB) Group clears 33% of Congo’s arrears and resumes its assistance to the country by supporting economic reforms programme.

African Virtual University: ADF Promotes Access to Quality Education in Africa

13-Dec-2004 - Le conseil d’administration du FAD, le guichet concessionnel du Groupe de la Banque africaine de développement (BAD), a approuvé le don à Tunis lundi, pour permettre à l’UVA de mettre en œuvre son programme de travail quinquennal (2003-2007), pour faire face aux demandes croissantes pour des études de 3e cycle de qualité.

ADF promotes Good Governance in Tanzania

13-Dec-2004 - The grant of 4.797 million Units of Account (US$ 7 million), which was approved today by the ADF, will support reforms that are expected to be undertaken under the Poverty Reduction Support Loan (PRSL), the budget support operation that was approved by the ADF Board of Directors in October 2004. The project will contribute to improving economic growth in Tanzania by improving the management of public finances and enhancing the efficiency of the legal sector and judiciary system in Zanzibar, where good corporate management practices will be...

The African Development Fund supports Congo’s Policy Reform Programme

13-Dec-2004 - This policy reform programme has been approved by the Board of Directors of the African Development Fund (ADF) today through a loan of 7 million Units of Account (UA)*, equivalent to US$ 10.50 million for financing its implementation.

Post Conflict Reconstruction in Burundi: ADF Supports Job Creation and Poverty Reduction

13-Dec-2004 - The Board of Directors of the African Development Fund (ADF) the concessional window of the ADB, approved a loan of 9.81 million Units of Accounts (UA*), equivalent to 15.07 million US dollars, to finance the multi-sector project for socio-economic reinsertion in the country. The project's sector goal is to contribute to the socio-economic insertion of disadvantaged groups by creating jobs through labour-intensive work for building infrastructure and improving access to social services such as health, education and living conditions.

Projet de corridor routier Mombasa-Nairobi-Addis-Abeba : Le Fad soutient le plan d’action à court terme du NEPAD pour l’infrastructure

13-Dec-2004 - Le présent projet routier constitue un important tronçon de la route transafricaine allant du Caire au Cap. Soumise à un trafic très dense, elle n’est plus adaptée à sa double vocation de route internationale principale reliant le Kenya et l’Ethiopie, mais aussi de voie transafricaine. Cette situation représente un obstacle physique majeur pour le commerce et l’intégration régionale.

ADB Supports Public Administration Reform in Morocco

13-Dec-2004 - The Board of Directors of the ADB in  Tunis on Monday approved a loan of 100 million Units of Account (UA*), equivalent to 153.60 million U S dollars (121 million Euros), in budget support to finance the Public Administration Reform Support Programme (PARAP). The goal of the programme is to promote strong economic growth and sustainable development, strengthening the competitiveness of the economy while ensuring medium-term macro-economic viability. The project hinges on the following four components:

ADF, Mozambique sign Economic reform and Poverty Reduction Support Loan Program

10-Dec-2004 - The AfDB Group Vice President for North, East and South Operations, Mr. Theodore Nkodo, and the Ambassador for Mozambique in Portugal, S.E.M Gregorio Leao Jose, signed a loan agreement in Tunis on Friday, December 10, to finance the second Program of Economic Reform and Good Governance for Poverty Reduction in Mozambique amounting to US$ 50 million (30 million Units of Account).

ADF, Tanzania sign Poverty Reduction Support Loan

09-Dec-2004 - The African Development Bank Group Vice President for North, East and South Operations, Mr. Theodore Nkodo, and the Ambassador for Tanzania in Egypt , Mr. Kassim Mwawando, signed, in Tunis on Thursday, December 9, the loan agreement of the Poverty Reduction Support Project amounting to US$ 76.8 million (50 million Units of Account). The project was approved by the ADF Board of Directors on October 27, 2004.

ADF Strengthens Good Governance in Madagascar

08-Dec-2004 - The Board of Directors of the Fund on Wednesday in Tunis, approved a grant of 5.86 million Units of Account (about 9 million US dollars), to help finance a project aimed at strengthening the national capacity to implement good governance programmes with the ultimate of reducing poverty by half by 2015. The project has three components: - Support to the enhancement of transparency and accountability in public finance management; - Support to the modernisation and enhancement of the legal and judicial environment; - Project management

The ADF supports good governance in Malawi

08-Dec-2004 - The proposed program aims at enhancing accountability and transparency throughout Malawi’s public sector and supporting targeted legal reforms aimed at improving access to justice, curbing corruption, and accelerating the law reform process. To this end, the loan will help Malawi meet its external financing gap for 2004 towards enabling the Government implements the governance improving measures, which are articulated under the Malawi Poverty Reduction Strategy. The loan program targets reforms in the following two main areas:

ADF launches a study on Fisheries resources developmentin Ethiopia

08-Dec-2004 - This study will examine the problems of development of the fisheries sub-sector and aquaculture. A Development Plan, and a set of appropriate actions aimed at better orientation of future interventions in the sub-sector will also be defined.

The African Development Fund supports economic reforms and governance in Burundi

08-Dec-2004 - The government's economic reform programme comprises the following components: reintegrating conflict victims and disadvantaged groups into the economic system; reforming the macroeconomic framework; disengaging the government from the productive sector; and strengthening good governance.

New AfDB Assistance to Post-Conflict Countries Policy: AfDB Clears Congo’s Arrears

08-Dec-2004 - The grant of 33.3 million Units of Account (US$ 50 million or 26 billion FCFA) today approved by the ADB Group will allow for rapid resumption of Bank Group assistance to the country in conjunction with the International Financial Institutions and the Donor community. This intervention lies within the framework of the new ADB Group assistance to post-conflicts countries, approved on 19 July 2004.

ADF supports institutional and socio-economic integration in Western Africa

08-Dec-2004 - The project’s global objective is to help put in place development plans and programs in the water resources, energy and transport sectors of the Liptako-Gourma Region with a view to reducing poverty in the region. Its specific objective is to build ALG’s human and technical capacity so as to improve its performance in terms of economic decision-making, good economic governance and poverty reduction.

ADF Helps Improve Control of Communicable Diseases in Madagascar

08-Dec-2004 - The grant of 6 million Units of Account (9 million US dollars) will be used to enhance safe blood transfusion and improve the quality of preventive and curative medication against communicable diseases (HIV/AIDS, sexually transmitted diseases, tuberculosis and hepatitis). The project will comprise the establishment of an operational blood transfusion network; improvement of access to services for the prevention, diagnosis and treatment of communicable diseases. It also includes national capacity building for epidemiological surveillance.

Lutte contre la prolifération des plantes aquatiques parasites : Le Fad et la Mauritanie signent un accord de prêt

07-Dec-2004 - Le vice-président pour les opérations des régions Ouest et Centre du Groupe de la Banque africaine de développement, M. Bisi Ogunjobi, et l’ambassadeur de la Mauritanie en Tunisie, M. Cheikh Ould Baha, ont signé à Tunis le mardi 7 décembre, un accord de prêt de 1,2 million de dollars EU (809 000 unités de compte) afin de financer le projet multinational degestion intégrée des plantes aquatiques proliférantes en Afrique de l’Ouest.

ADF supports economic reforms in Mozambique

01-Dec-2004 - In order to alleviate the Government’s budget constraints, which remains a major problem for the country, the Board of Directors of the African Development Fund (ADF) has approved on 1st December 2004 in Tunis, a loan amounting to 30 million Units of Account (US$ 50 million), to finance the second Programme of Economic Reform and Good Governance for the Reduction of Poverty. (PER-GROP II)

Private sector operations in Kenya : ADB grants a line of credit to KCB

01-Dec-2004 - Since its incorporation, KCB has emerged as the largest bank in Kenya's financial sector. The KCB Group has the widest network of outlets in the country, comprising 113 full-time branches and 35 satellite branches representing over 55% of the total banking outlets in Kenya. Of these, 80% are located the rural areas, with representation in all administrative districts. All branches provide a comprehensive range of Retail, Personal, and Corporate banking as well as other financial services. KCB also established a network of over 400...

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

01-Dec-2004 - Tunis, 1st December 2004 –The Boards of Directors of the African Development Bank (AfDB) and the African Development Fund (ADF) today agreed that Ghana had effectively met the conditions and reached the completion point under the enhanced framework of the Heavily Indebted Poor Countries (HIPC) Initiative.

AfDB Helps Morocco Liberalize Transport Sector

01-Dec-2004 - The Transport Sector Reform Programme (TSRP), which funding was today approved by the ADB with a budget support loan of 240 million euros (about 2.7 billion dirhams), aims at improving the contribution of the transport sector to the national economy by liberalizing the market and reducing transport costs.

Ghana Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the ADB

01-Dec-2004 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 131 million in net present value (NPV) terms to the country. Ghana will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered sometime in January 2013. In practical terms, its 2004 debt service obligations, for example, will fall from about US$ 25.15 million to about US$ 5.03 million. To reach completion point, the government had to fulfill three key conditions:

Opérations du secteur privé en Afrique du Sud : La BAD octroie une délégation de crédit à Nedbank

01-Dec-2004 - La projet vise à désigner Nedbank comme mandataire de la BAD et à lui accorder une délégation de crédits basée sur le partage des risques (RSAL), dont les ressources seront utilisées pour investir dans les projets pertinents remplissant les conditions requises. La RSAL sera utilisée par le mandataire pour accorder des prêts à des emprunteurs identifiés, en vue du financement de sous-projets spécifiques.

Signature d’un accord de don du Fonds africain de développement : Renforcement de la lutte contre le VIH/SIDA au Mali

30-Nov-2004 - M. Théodore Nkodo, vice-président du Groupe de la Banque africaine de développement pour les opérations Nord, Est et Sud, et M. Boubacar Gaoussou Diarra, ambassadeur du Mali à Tunis, ont signé l’accord de don. Le montant de ce don, 8,3 millions d’unités de compte (6,4 millions de FCFA), contribuera à réduire le taux de séroprévalence par l’amélioration des services de dépistage, la mise à disposition des antiviraux aux malades du SIDA.

Le FAD et le Sénégal signent des accords de prêt et de don

30-Nov-2004 - Ces trois accords, dont le montant total s’élève à 11,88 millions d’unités de compte (17,81 millions de dollars EU), financeront le projet d’électrification rurale dans la région de Louga et le projet multinational de lutte contre la prolifération des plantes aquatiques en Afrique de l’Ouest. Ces trois accords ont été signés par M. Théodore Nkodo, vice-président du Groupe de la Banque africaine de développement pour les opérations Nord, Est et Sud, et par M. Abdourahmane Sow, ambassadeur du Sénégal à Tunis.

Framework for Implementation of Capital Adequacy Standards and Good Corporate Governance in African Banks

29-Nov-2004 - The Bank organized this workshop to facilitate a discussion on the issues and options among African bank supervisors, officials from other financial institutions and with international experts. The workshop was organized in collaboration with the Association of African Central Banks and the African Peer Review Mechanism (APRM) Secretariat in Johannesburg, Republic of South Africa. The Federal Reserve Bank of New York and the Financial Stability Institute of Basel provided technical support to the workshop.

Le Fad soutient la réduction de la pauvreté en milieu rural et l’amélioration des voies de transport au Bénin..

29-Nov-2004 - Le vice-président pour les opérations des régions Centre et Ouest du Groupe de la Banque africaine de développement (BAD), M. Bisi Ogunjobi, et M. Grégoire Laourou, ministre des Finances et de l’économie du Bénin ont signé, à Tunis aujourd’hui, trois accords de prêt pour un montant total de 19,78 millions d’unités de compte (29, 6 millions de dollars EU). Ces accords concernent deux projets nationaux: un projet de réhabilitation de la route Pobé-Kétou-Illara et un projet d’alimentation en eau potable et d’assainissement en milieu rural.

Indian Ocean : ADF stems HIV/AIDS propagation

24-Nov-2004 - The ADF grant (6 million Units of Account or US$ 9 million) seeks to stem HIV/AIDS/STI transmission in and amongst the IOC member states. The Support Project to the Regional Initiative for HIV/AIDS/STI Control in IOC Member Countries will target the migrant populations (migrant/seasonal workers, tourists, seafarers…) that move from island to island, along with the local populations with which they come into contact at ports, tourist locations and hotels…

Water and Sanitation: Morocco Gets AfDB Support

24-Nov-2004 - The loan of 56.2 million Units of Account (UA*), equivalent to 66.5 million euros, will be used to help improve the living conditions of the population by providing them with drinking water and wastewater treatment facilities. The project aims at ensuring sustainable supply of drinking water to several towns and cities, to the new tourist and port complexes. It will improve access to drinking water in rural areas that are not on the supply network as well as improve hygiene.

ADF / Tanzania: District Agriculture Sector Investment Project : Increases income of 500,000 rural households

24-Nov-2004 - The ADF today approved the funding of the District Agriculture Sector Investment Project with a loan of 36 million Units of Account (US$ 54 million or 56 billion Tanzanian Shillings) and a grant of 7 million Units of Account (US$ 10.5 million or TZS 11 billion).

Water And Sanitation: ADF Supports Uganda’s Small Towns

24-Nov-2004 - The objective of the project is to improve the quality of life and enhance national economic development by ensuring sustainable management of the country’s water resources and provision of adequate water for all. This will enhance the standard of living and promote development in the seven small towns that will benefit from the project. The project involves the provision of adequate water supply and sanitation to the towns concerned, solid waste management, storm water drainage and community mobilization and health education

AfDB Supports Tunisian Road Network Development

24-Nov-2004 - The project aims to reduce transport costs by improving the capacity of paved roads and reducing their width constraints in order to promote the development of intra- and inter-regional trade. The ADB loan will enable the rehabilitation works of 1,256 km of roads of the classified network and the widening of the roads to 7,60 m or more. Monitoring capacity of the road network and supervision of maintenance works will also be strengthened.

Capacity Building: ADF Promotes Efficient Public Service in Lesotho

24-Nov-2004 - The Board of Directors of the ADF approved in Tunis on Wednesday, a grant of 790,000 Units of Account (UA*); equivalent to 1.2 million US dollars to finance Institutional Support to the Ministry of Finance and Development Planning (MOFDP) and the Ministry of Public Works and Transport (MOPWT).

XIIth Summit of NEPAD's HSGIC

23-Nov-2004 - The NEPAD's Heads of States and Governments Implementation Committee (HSGIC) meets on a regular basis to assess progress in NEPAD. The Bank participates in these meetings, as a core NEPAD stakeholder and technical adviser. During the XIIth Summit, held in Algiers, the Bank's President made an intervention. In addition, a report was prepared by the Bank for the Summit.

The AfDB encourages Development Finance Institutions network in Southern Africa region

22-Nov-2004 - The African Development Bank in conjunction with four partner institutions: the Southern African Development Community- Development Finance Resource Centre (SADC-DFRC), the Joint Africa Institute (JAI), the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC) organized the SADC-Development Finance Institutions Risk Management Training Seminar in Cape Town from November 15 to 19, 2004.

Launching of Axle-load Control on Bamako-Ouagadougou-Accra Corridor

18-Nov-2004 - Launching of Axle-load Control on Bamako-Ouagadougou-Accra Corridor Tunis, 18 November 2004. Burkina Faso, Ghana and Mali will launch on 18 December an axle-load control system along the road corridor linking their capitals, within the framework of Road Programme 1 (RP1) financed by the African Development Fund (ADF), with other donors. The decision to implement the Axle-Load Control Programme along the Bamako-Ouagadougou-Accra road corridor was taken by the ministers of transport of the three countries at the close of their meeting on 24...

The ADF helps improve Living Conditions in Rwanda

17-Nov-2004 - The three operations amounting to 36.66 million Units of Account (UA*), equivalent to 54.95 million US dollars will finance the Inland Lakes Integrated Development and Management Support Project (PAIGELAC) and the Poverty Reduction Strategy Support Loan phase 1. The agreements were signed by Mr. Bisi Ogunjobi, the ADB Group Vice President for West and Central Operations and Mrs. Monique Nsanzabaganwa, Secretary of State in charge of economic Planning of Rwanda.

African Countries, Donors, Civil Society Seek Ways to Maximize Development Outcomes

09-Nov-2004 - Tanzanian President Benjamin M’Kapa today opened the second Africa Workshop on Harmonization, Alignment and Managing for Results, urging participants to intensify the coordination and harmonization of their activities in order to accelerate development and poverty reduction, and facilitate the attainment of the Millennium Development Goals (MDGs).