Press Releases
Displaying 3541 - 3560 of 5337
SEFA to support solar-hybrid mini-grids in rural growth centres in Tanzania
13-Jan-2015 - The Sustainable Energy Fund for Africa (SEFA) approved at the end of 2014 a USD 420,000 preparation grant to Jumeme - Rural Power Supply Ltd (JRPS) to support the development of a portfolio of independent solar-hybrid mini-grids in rural growth centres in Tanzania. JRPS is a local joint venture comprised of three partners: INENSUS Gmbh, with more than five years’ experience in mini-grid development and operation; TerraProjects, a renewable energy project developer; and St. Augustine University of Tanzania in Mwanza.Ghana and Togo sign project agreement to bring drinking water to Lomé and Ghana’s coastal communities
09-Jan-2015 - The governments of Ghana and Togo signed on 12 December 2014 a memorandum of understanding (MoU) for the construction of an African Water Facility -supported pipeline to bring drinking water from the lower Volta River in Ghana to the city of Lomé in Togo and the Ghanaian communities along the water transfer route. The AWF has offered a €1.4 million grant to Ghana to support the technical, legal and financial preparation of the Public-Private Partnership (PPP) project.African Water Facility to help tackle food insecurity, flooding and droughts in Uganda and South Sudan
09-Jan-2015 - The African Water Facility (AWF) announced on January 9, 2015 that it has offered a €1.97 million grant to the Nile Equatorial Lakes Subsidiary Action Program (NELSAP) to increase water availability for multiple purposes in the Nyimur region of Uganda and South Sudan. The grant will support the improvement of irrigated agriculture and food production, fisheries, electricity generation and sanitation as well as the prevention of flooding and droughts in the region.Lake Turkana Wind Power Project nominated Power Deal of the Year in 2014
19-Dec-2014 - The Lake Turkana Wind Power Project (LTWP) reaches financial close following an eight-year journey. Earlier this month, the EUR 623-million project marked a significant milestone with financial close, making it the largest private investment in Kenya’s history. This project has won several awards and has been recently nominated as the ‘African Renewable Deal of the Year 2014’ by Thomson Reuters Project Finance International.AfDB makes US$ 22 million loan to develop Lake Tanganyika in Zambia
19-Dec-2014 - On December 18, 2014, the Board of Directors of the African Development Bank (AfDB) Group approved a US $22.49-million loan to Zambia for the development of Lake Tanganyika.SEFA to support dVentus Technologies in the manufacturing of smart meters in Ethiopia
16-Dec-2014 - The Sustainable Energy Fund for Africa (SEFA) approved a US $842,000 grant to dVentus Technologies – a technology-based and knowledge-driven company focused on the development of innovative and energy efficiency products for the energy sector – to support their corporate expansion in the energy efficiency equipment segment. The grant will help establish a local manufacturing facility of smart meters in Ethiopia to realize the national and regional market opportunity, while also harnessing the availability of highly skilled and trained young...Integrity in AfDB Projects: AfDB debars and fines China First Highway Engineering Co. Ltd.
15-Dec-2014 - The AfDB imposes a three year debarment on China First Highway Engineering Co. Ltd. following admission of fraudulent and collusive practices in an AfDB-financed project. In addition, the bank levies a financial penalty of USD 18.86 million to support anti-corruption projects on the continent.
Clim-Dev Africa providing more and better climate services to enhance adaptation to climate change
15-Dec-2014 - The Climate for Development in Africa (Clim-Dev Africa) programme dinner dialogue was held at the margins of the UN Global Climate Change Conference (COP 20) in Lima, Peru, to discuss various perspectives for enhancing the provision of climate information services in support of Africa’s economic transformation and capacity to adapt to climate change.The African Development Bank and Bloomberg to collaborate on an African Bond Index
15-Dec-2014 - New index family to bring transparency to most liquid African bond markets The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) and Bloomberg on December 9 announced an agreement to collaborate on building the AfDB’s AFMISM Bloomberg® African Bond Index (ABABI), a new family of African bond indices that, once launched, will be calculated by the independent, global index provider, Bloomberg.Mozambique: AWF supports multi-purpose water storage project to build climate resilience in Limpopo river basin
15-Dec-2014 - The African Water Facility announced on December 15 that is has offered a €3.4 million grant to the Government of Mozambique to conduct a feasibility study for the development of a climate adaptation project in the lower Limpopo region. This project will include building infrastructure to protect the Limpopo basin from floods and droughts and will increase food security by boosting agricultural production.Ethiopia grabs first ClimDev Special Fund grant
15-Dec-2014 - Ethiopia has sealed a US $1.1 million deal with the newly launched ClimDev-Africa Special Fund (CDSF), to strengthen its climate information and early warning systems for climate resilience development and adaptation – becoming the first African country to benefit from the Fund.AfDB issues a 6.625% ZAR 500 Million Eurobond due 9 December 2017
13-Dec-2014 - Issuer: African Development Bank (AfDB) Rating: Aaa (Moody’s) / AAA (S&P) / AAA (Fitch) Issue amount: ZAR 500 million Pricing Date: 02 December 2014 Settlement Date: 09 December 2014 (T+5) Coupon: 6.625% (annual) Maturity: 09 December 2017 Reoffer Price: 99.548%Continent prepares for the launch of the Africa Regional Integration Index
12-Dec-2014 - The African Development Bank (AfDB), the African Union Commission (AUC) and the United Nations Economic Commission for Africa (ECA) have joined forces to produce an Africa Regional Integration Index. The Index, the first systematic, quantitative, continent-wide monitoring system for regional integration in Africa, is designed to track the progress of African countries and regional economic communities (RECs) towards achieving their shared regional integration goals. It will also track and document the impacts of regional integration in Africa.AfDB, Rockefeller Foundation and United Nations Economic Commission for Africa Convene Forum on Africa’s Growth
12-Dec-2014 - The Rockefeller Foundation, the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) on Tuesday, December 9 convened the Africa Forum on Inclusive Economies to discuss greater inclusion as Africa grows economically.AfDB promotes renewable energy investment in Swaziland
12-Dec-2014 - The African Development Bank (AfDB) will issue a grant of US $990,000 to finance three studies under an energy sector support programme in Swaziland. The objective of the programme is to provide technical assistance to Swaziland aimed at promoting investment in the electricity supply industry to expand reliable energy supplies and enhance the country’s electricity access rate. The Bank and the Government of Swaziland/Swaziland Electricity Company (SEC) will jointly finance the project, with the Bank’s funding representing 93.1% of the total...African Development Report: 2014 edition now available
12-Dec-2014 - The 2014 edition of the African Development Bank's African Development Report, on the theme of "Regional integration at the service of inclusive growth", was officially launched Tuesday, December 16 at the Bank's headquarters in Abidjan.AfDB approves US $70 million Kariba Dam Rehabilitation Project
12-Dec-2014 - The Board of Directors of the African Development Bank Group, during its ordinary sitting on Monday, December 15, 2014 in Abidjan, approved a proposed ADF loan of US $39 million to the Republic of Zambia, and a grant of US $12 million from the Bank’s Transition Support Facility (TSF) and a grant of US $24 million from the African Development Fund Regional Operations (RO) envelope to the Republic of Zimbabwe for the Kariba Dam Rehabilitation Project.