Press Releases
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SEFA Approves First Grant for Conceptualization of Green Tech Financial Facility
27-Aug-2012 - The Sustainable Energy Fund for Africa (SEFA), a joint initiative of the Danish government and the Energy, Environment and Climate Change Department (ONEC) of the African Development Bank (AfDB), approved on August 17 its first grant of USD 825,000 to finance the concept phase of the Green Tech Financial Facility – a vehicle for investments in private-sector driven green technology projects – including market scoping and positioning studies, fund conceptualization and fund manager selection.
AfDB President Mourns Prime Minister Meles Zenawi
22-Aug-2012 - The President of the African Development Bank Group, Donald Kaberuka, has expressed his sadness over the passing of Prime Minister Meles Zenawi of the Federal Democratic Republic of Ethiopia. In his condolence message to the government of Ethiopia, President Kaberuka said: “Prime Minister Meles Zenawi was a visionary and transformational leader of his country and a voice for Africa in many international fora. He had great ambitions for his country and leaves behind an unrivaled record of social and economic accomplishments.”
President Kaberuka at the 32nd Summit of SADC Heads of State and Government, in Mozambique
22-Aug-2012 - Mr. Donald Kaberuka, President of the African Development Bank Group (AfDB), attended the 32nd Summit of the Heads of State and Government of the Southern African Development Community (SADC), held in Maputo, Mozambique, on August 17 and 18. Fourteen heads of state from Angola to Zimbabwe attended the summit, along with Dr. Nkosazana Dlamini-Zuma, South African Minister of Home Affairs and incoming Chairperson of the African Union Commission, and H.E. Joachim Alberto Chissano, former president of Mozambique and SADC mediator on the conflict in...La BAD soutient des réformes économiques au Burundi avec un don de BIF 20 milliards
10-Aug-2012 - «La BAD est un des grands contributeurs au financement du développement du Burundi… Nous apprécions les appuis multiformes que l’institution ne cesse d’accorder au gouvernement et au peuple burundais». M. Tabu Abdallah Manirakiza, ministre des finances et de la planification du développement économique du Burundi, a fait cette déclaration, mercredi 8 août 2012 à Tunis, lors de la signature avec la BAD, d’un accord de don de 20 milliards de Francs burundais (BIF), en vue du financement du 5ème programme d’appui aux réformes économiques du pays.African Water Facility Grant Helps Kenyan Pastoralists Build Resilience to Droughts, Climate Change
09-Aug-2012 - An estimated 150,000 people from pastoral communities, including students and teachers from six schools based in Kenya’s Baringo, Kiambu West and Laikipia districts, are to benefit from a €690,000 grant from the African Water Facility (AWF) approved by the AfDB on Friday, July 6.
Le Groupe de la BAD soutient les reformes économique en Afrique centrale
09-Aug-2012 - Le Groupe de la Banque africaine de développement (BAD) et le gouvernement de la République centrafricaine (RCA) ont signé, mardi à Tunis, un accord de don de 16 millions d’unités de compte, soit environ 24 millions de dollars, pour le financement du programme d’appui aux réformes économiques. Cet appui budgétaire en soutien aux réformes, le troisième du genre, vise à consolider et améliorer les réformes et la gouvernance dans les secteurs public et privé conformément à la stratégie en cours de la BAD en RCA.AfDB Stands Ready to Support African Countries in Establishing Continental Free Trade Area by 2017
26-Jul-2012 - The African Development Bank (AfDB) stands ready to assist African countries in implementing the physical infrastructure needed for the establishment of the Continental Free Trade Area by 2017, said its president, Donald Kaberuka.La BAD octroie 80 milliards de FCFA au Burkina Faso pour la réhabilitation de routes et le transport sur le corridor avec le Togo
24-Jul-2012 - La Banque africaine de développement (BAD) vient d’octroyer 80 milliards de FCFA au Burkina Faso pour la réhabilitation de routes et la facilitation du transport sur le corridor avec le Togo. La cérémonie de signature de l’accord de financement a eu lieu le jeudi 19 juillet 2012, à Ouagadougou, entre le gouvernement du Burkina Faso, représenté par M. Lucien Marie Noël Bembamba, ministre de l’économie et des finances et la Banque, représentée par Mme Ginette Nzau-Muteta, représentante résidente de la Banque africaine de développement au...AfDB Group Project Approvals for 2012 so Far Total USD 3.45 Billion
24-Jul-2012 - The African Development Bank Group has made project approvals of approximately USD 3.45 billion, or Units of Account (UA) 2.27 billion, during the year 2012 so far. In total, 52 projects were approved up to 18 July 2012. The African Development Bank part of the Group made approvals totalling some UA 1.055 billion, or about USD 1.6 billion. while the African Development Fund (ADF), the Group’s concessional or ‘soft loan’ arm was the source of finance for UA 943.6 million or USD 1.43 billion worth of project approvals.AfDB Injects €7m Private Equity into SME Fund in Francophone Africa
23-Jul-2012 - The Board of Directors of the African Development Bank (AfDB) recently approved a €7 million equity investment in the I&P Afrique Entrepreneurs SME Fund (IPAE). This will allow IPAE to increase access to finance and capacity building for small and medium-sized enterprises (SMEs) and small microfinance institutions (SMFIs) in western and central Africa, thereby boosting income generation and job creation in the region.AfDB Invests USD 7m in Private Equity in Southern African SME Fund
23-Jul-2012 - The Board of Directors of the African Development Bank (AfDB) recently approved a USD 7 million equity investment in the Business Partners International Southern African SME Fund (BPI SA). This contribution will allow BPI SA to increase access to finance and capacity building for small and medium-sized enterprises (SMEs) within various sectors in the southern Africa sub-region, thereby boosting income generation and job creation.AfDB Injects USD15 Million Equity into African Trade Insurance Agency to Support African Trade and Investment
23-Jul-2012 - The Board of Directors of the African Development Bank (AfDB) has approved recently a USD15 million equity investment in the African Trade Insurance Agency (ATI) to increase its capital base. This contribution will allow ATI to increase its provision of trade, credit and political risk insurance products that encourage foreign direct investment and trade in Africa.AfDB Supports Gabon Renewable Energy Sector with €57m Loan
20-Jul-2012 - The Board of Directors of the African Development Bank (AfDB) Group, through its private sector window, approved on 18 July 2012 in Tunis, a senior loan of €57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The project consists of two run-of-river hydroelectric power plants, a 70 MW plant in the Ngounie Province and a 52MW plant in north Gabon.La BAD accorde 24,2 millions de dollars au Programme d’Appui aux Réformes Economiques pour la RCA (PARE III)
20-Jul-2012 - Le Conseil d’Administration a approuvé un don de 16 millions d’unités de comptes (équivalents à 24,2 millions de dollars) à la République de Centrafrique, sur les ressources de la Facilité en faveur des États Fragiles (FEF), pour le financement du troisième Programme d’Appui aux Réformes Economiques (PARE III).AfDB launches Uganda Bond Programme
19-Jul-2012 - The African Development Bank (AfDB) on Tuesday, July 17, 2012 opened books on its 125 billion Ugandan shilling medium-term note (MTN) programme. The first issue of the programme, which is a 10-year, 12.5 billion Ugandan shilling bond is open for subscription through July 20, 2012. The coupon to be re-priced at two year intervals will be pegged at 85 percent of the yield on Uganda's two-year government bond benchmark.North Africa : Finding Jobs for the 9.8 Million Young People Entering the Labour Market between Now and 2020 will Require a New Approach to Economic Growth
17-Jul-2012 - Growth in the last 10 years preceding the Arab Spring did not made it possible for North African countries to create enough jobs for the young. The regional unemployment rate among the 15 to 24 year-old age group is on average 23%, which is three to four times higher than that of adults. But the rate is 41% if the discouraged are included: that is, those young inactive people in a position to work but not looking for employment and so are not included in the official statistics.AfDB Supports Economic Reforms in Burundi with USD 18 million
12-Jul-2012 - The African Development Bank (AfDB) Board of Directors has approved a USD 18 million grant from the Fragile States Facility resources to finance Burundi’s Fifth Economic Reform Support Programme (ERSP V).AfDB Grants USD 40 million for Budget Support to Malawi
12-Jul-2012 - the Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on Wednesday in Tunis a budget support grant of 26 million Units of Account, or approximately USD40 million, to assist the government of Malawi in cushioning vulnerable groups from the short-term negative impacts of recent economic reforms, and to continue the implementation of public finance management reform measures.