Press Releases
Displaying 4101 - 4120 of 5338
Nigeria Receives Approval for Additional CIF $50 million to Bolster Energy Efficiency and Renewable Energy Use with AfDB Support
22-Feb-2013 - The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010.First in Nigeria: African Sustainable Transport Preparation Grant Approved by Climate Investment Funds for AfDB Implementation
22-Feb-2013 - The Climate Investment Funds (CIF) has approved a grant of US $950,000 to help Nigeria prepare for a proposed project to revamp Abuja’s mass transit system. The request for the project preparation money was submitted to the CIF by the Government of Nigeria and the African Development Bank (AfDB).Projects Financed by AfDB and CIF Reduce Nearly 7 Million Tonnes CO2, Create 1.3 Million New Electricity Connections in Africa
20-Feb-2013 - The African Development Bank’s Financing Change: The AfDB and CIF for a Climate-Smart Africa is the Bank’s second semi-annual report on its work to implement the Climate Investment Funds (CIF) in Africa, covering July-December 2012.ACP Grants €20 million to AfDB, AU and ECA in the Fight Against Climate Change
19-Feb-2013 - The African Development Bank (AfDB), the Economic Commission for Africa (ECA) and the African Union (AU) have, under the Climate for Development in Africa Program, undertaken a vibrant campaign for financial resources mobilization aimed at making viable the Special ClimDev-Africa Fund, a joint AU-AfDB-ECA initiative, administered by the African Development Bank.La BAD appuie le secteur de l’eau en milieu rural en Mauritanie pour contribuer à la réduction de la pauvreté
19-Feb-2013 - La BAD et la Mauritanie ont signé le 12 février plusieurs accords de dons dont l’objectif est de contribuer à la réduction de la pauvreté en milieu rural par le truchement d’investissements dans le secteur de l’eau.The AfDB is Launching Africa’s Information Highway
19-Feb-2013 - The African Development Bank (AfDB) has launched an ambitious program to significantly improve data management and dissemination in Africa. The ultimate goal of the program is to facilitate wider public access to official statistics and to support countries in their efforts to improve data quality and dissemination for better policy formulation, monitoring and evaluation. The program was launched in November 2012 as part of the Bank’s broader statistical capacity building program in Africa.African Water Facility Promotes Safe Sanitation, Hygiene Education for Urban Poor in Liberia
12-Feb-2013 - The African Water Facility (AWF) offers a €1.2 million grant to the Monrovia City Corporation (MCC) to support a project aimed at increasing access to sustainable and affordable sanitation and hygiene services to over 800,000 urban slum-dwellers in Monrovia, Liberia.La Facilité africaine de l’eau soutient le secteur de l’eau et de l’assainissement au Congo
11-Feb-2013 - La Facilité africaine de l’eau (FAE) vient d’octroyer un don de 1.1 million d’euros au Gouvernement du Congo pour accroître l’accès à l’eau potable et l’assainissement à environ 100.000 personnes de cinq centres semi-urbains.
AfDB Poised to Boost Geothermal Development in East Africa
06-Feb-2013 - Building on its Kenyan experience in the East African Rift Valley with the Menengai geothermal project, the African Development Bank is working on an ambitious geothermal development program for Africa. Apart from the gigantic projects such as the 400 MW geothermal development project under implementation in Menengai, Kenya, the AfDB is also working on a series of small-scale geothermal units, adapted to the specific context of each country of the East African Rift Valley having geothermal potential.US $1 Million SEFA Grant to Provide Reliable Energy Services in Madagascar
06-Feb-2013 - The Sustainable Energy Fund for Africa (SEFA) has approved a US $1 million grant to finalize pre-investment activities for a hybrid renewable energy project in Nosy Be Island in Madagascar.La Facilité africaine de l’eau soutient une gestion valorisée des boues de vidange au Bénin
05-Feb-2013 - La Facilité africaine de l’eau (FAE) vient d’accorder un don de 1,1 million d’euros à la municipalité de Sèmè-Podji, au Bénin pour mettre en œuvre des solutions efficaces, durables et rentables dans la gestion et l’exploitation des boues de vidange. Le projet s’inscrit dans le cadre d’un partenariat public-privé (PPP) pour la gestion des déchets, une collaboration rare dans le secteur de l’assainissement, sur le continent.AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria
05-Feb-2013 - The African Development Bank (AfDB) signed on Tuesday, January 29, 2013 an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively US $500 million to Bank of Industry (BOI) and of US $200 million to Nigerian Export-Import Bank (NEXIM) in order to support the modernization and expansion of export-oriented small and medium enterprises (SMEs). The LoCs will allow local SMEs to be more competitive, scale up their operations and ultimately create more jobs in Nigeria.African Water Facility to Support Access of Urban Poor to Sanitation in Uganda
05-Feb-2013 - The African Water Facility offered a 1 million euro grant to the Community Integrated Development Initiatives (CIDI) to support their Kawempe Urban Poor Sanitation Improvement Project (KUPSIP). The project is designed to provide affordable and sustainable sanitation services to over 100,000 urban poor living in the Kawempe Municipality, in Kampala, Uganda.La BAD appui la croissance durable aux Comores
05-Feb-2013 - La BAD a alloué en janvier dernier à l’Union des Comores un don de 2 millions d’Unités de compte, soit environ 3 millions de dollars pour appuyer les réformes dans le secteur de l’énergie et de la gouvernance financière (PARSEGF).AfDB Approves US $100 Million Loan to Boost Fertilizer Production in Nigeria
30-Jan-2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a senior loan of US $100 million to Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to build and operate a gas to urea fertilizer plant located in Port Harcourt, Nigeria, that will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America. The project will allow Nigeria, which relies heavily (80 per cent) on imported fertilizer, to progressively become self-sufficient and a major exporter.World Economic Forum Annual Meeting 2012-AfDB and BNDES chief executives meet in Davos
26-Jan-2013 - Presidents Kaberuka and Coutinho discuss long-term cooperation African Development Bank (AfDB) President Donald Kaberuka met today with Luciano Coutinho, President of the Brazilian Development Bank (BNDES). The meeting took place in Davos, Switzerland during the ongoing World Economic Forum. The Brazilian Development Bank closed the year 2011 with disbursements totalling roughly USD 80 billion. This meeting was a follow-up to an earlier meeting Mr Kaberuka had with former President Lula of Brazil, and visits by AfDB staff to the Brazilian...AfDB Prices $1 Billion Fixed Rate US Dollar Global Benchmark Due March 2018
21-Jan-2013 - On Wednesday, January 16, 2013, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a $1 billion fixed rate US Dollar Global benchmark due March 15, 2018. The transaction pays a coupon of 0.875 per cent and a spread of five basis points over Mid-Swaps, equivalent to 20.45 basis points over the UST 0.75 per cent due December 31, 2017. Joint Lead Managers on the transaction are BNP Paribas, Deutsche Bank, J.P. Morgan and Nomura.AfDB Approves 13 Million Euro Line of Credit to Support SME/SMI Development in Niger
16-Jan-2013 - The Board of Directors of the African Development Bank (AfDB) has approved today a line of credit of 13 million euros to support small and medium enterprises and industries (SME/SMI) in Niger. The line of credit (LoC) provided to Société Nigérienne des Banques (SONIBANK) will allow to respond to the SME/SMIs’ need of financing in various sectors including agro-food, poultry, construction, public works, trade, transport, educations and health.AfDB Approves US $24 million Equity Investment to Boost East African Development Bank’s Balance Sheet
16-Jan-2013 - The Board of Directors of the African Development Bank (AfDB) has approved today an equity investment of US $24 million in the East African Development Bank (EADB) to strengthen its balance sheet and contribute to improve its international credit rating. In particular, US $10 million will be “paid in” with the balance in the form of callable capital.