Press Releases

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AfDB Provides USD 12 Million Grant Resources to Finance ACBF Capacity Building Activities

13-Jan-2011 - Tunis – 12 January 2011- The African Development Bank (AfDB) Group and the African Capacity Building Foundation (ACBF) on Wednesday, 12 January 2011 in Tunis signed a USD 12-million grant agreement to finance the ACBF’s  activities in Africa. 

2010: AfDB Confirms Priority Support to Infrastructure Sector

12-Jan-2011 - In 2010, the African Development Bank (AfDB) Group operations approvals by sector continued to reflect the institution’s 2008-2012 Medium-Term strategy, which set infrastructure sector as its operational focus, along with governance, private sector, higher education and technology. In 2010, the AfDB's investments in the infrastructure sector should account for two thirds of its total operations.

AfDB Invests USD 550 Million in New Egyptian Power Plant

23-Dec-2010 - Tunis, 24 December 2010 – A USD 550-million African Development Bank (AfDB) Loan, approved on 15 December 2010, will help Egypt build a new 650-MW power plant. “The USD 550-million loan, the biggest ever granted to Egypt in a single operation, underscores the importance which the African Development Bank attaches to power generation,” said Hela Cheikhrouhou, Energy, Environment and Climate Change Director.

AfDB Invests USD 806 Million in African Transport Sector

22-Dec-2010 - Tunis, 21 December 2010 - In line with the African Development Bank (AfDB) Group’s 2008-2012 Medium-Term Strategy which has transport as one of its core intervention areas in the Regional Member Countries,  the institution’s Boards of directors approved USD 806.1 million loans and grants to finance a number of national and multinational transport infrastructure and related projects on the continent in the past two months. The operations concern Morocco, Kenya, Ghana, Congo, Central African Republic, Chad and the Democratic Republic of Congo.

BAD-Niger : Signature d’accords de 41 milliards de FCFA pour un appui budgétaire et pour l’éducation

22-Dec-2010 - Tunis, le 22 décembre 2010 - Le Groupe de la Banque Africaine de développement (BAD) et le gouvernement du Niger ont signé le mercredi 22 décembre 2010 à Tunis, des protocoles d’accords de dons et de prêts. Les accords de don du Fonds africain de développement (FAD), de 4,03 millions d'unités de compte*, et de prêt de 23,97 millions d’unités de compte, sont destinés au financement du programme d’appui à la stratégie de développement accéléré et de réduction de la pauvreté (PASDRP-1) au Niger.

AfDB Invests Over USD 1 Billion in African Energy Projects

21-Dec-2010 - Investing in Energy Infrastructure to Accelerate Africa’s Development Tunis, 21 December 2010 – In line with its strategy to boost energy infrastructure to accelerate Africa’s development, the African Development Bank (AfDB) Group approved over USD 1 billion in energy projects across the continent during the last few weeks of 2010. The projects are located in Egypt, the DRC, Ethiopia, Kenya and Tanzania.

AfDB and IsDB Sign USD 1 Billion Partnership MOU

21-Dec-2010 - Jeddah, Saudi Arabia, 21 December 2010 - The African Development Bank (AfDB) Group and the Islamic Development Bank (IsDB), on Tuesday in Jeddah, Saudi Arabia, signed a  USD 1 billion dollar partnership Memorandum of Understanding for joint project funding in their Common Member Countries. The MOU was signed by the AfDB Sector Operations Vice-President, Kamal ElKheshen  and the IsDB Vice-President, Birama Boubacar Sidibe.

AfDB and EIB Finalise Financing Agreement For Cape Verde Wind Farm

20-Dec-2010 - The African Development Bank (AfDB) and the European Investment Bank (EIB), on Tuesday, 14 December 2010,  closed the financing agreement to provide € 45 million to design, construct and operate onshore wind farms on four islands in the Cape Verde archipelago. This will be one of the largest wind projects in Africa and first renewable energy public private partnership in sub-Saharan Africa.

Delegates Arrive in Abidjan for AfDB's 2010 Annual Meeting

21-May-2010 - Presidential Elections Sixth General Capital Increase 12th ADF Replenishment Seminars on Critical African and global issues Abidjan, 24 May 2010 – Many participants to the 2010 Annual Meetings of the Board of Governors of the African Development Bank (AfDB) Group have arrived in Abidjan for the 27-28 May landmark meetings. Several heads of state and government will also attend.

Non-Regional Governors’ Forum on the Bank’s 6th General Capital Increase - Opening Remarks by the AfDB President Donald Kaberuka

24-Feb-2010 - Event: Non-Regional Governors’ Forum on the Sixth General Capital Increase of the AfDB Before the financial and economic crisis, the Bank Group had carefully crafted, a Medium Term Strategy 2008-2012 to chart the way ahead. That strategy did not envisage a GCI until 2013 at the earliest. It was, at the same time, a strategy predicated on continued solid growth in most African countries and the role of the Bank in supporting that growth through better infrastructure, stronger private sector, robust institutions and greater economic integration.

Gabon/ADB: Focus on country operations

10-Feb-2010 - The state of ongoing operations and the country loan and grant portfolios were at the centre of discussions the ADB Resident Representative in Gabon, Mr. Mamadou Lamine N’Dongo, had on Friday with the new Prime Minister of Gabon, Mr. Jean Eyeghe-Ndong, during an audience. During the meeting, the Prime Minister restated the expectations of his country vis-à-vis the Bank with regards to its development programme.

2010-2012 AfDB Adminsitrative Budget Focuses on Results, Selectivity and Knowledge Management

21-Dec-2009 - The African Development Bank Board of Directors has recently approved the institution’s administrative budget for 2010 while reaffirming the relevance of AfDB 2008-2012 Medium Term Strategy.

AfDB and UBA Sign Landmark USD 150 million Loan to Facilitate African Trade Finance

16-Dec-2009 - Tunis- 16 December 2009  On behalf of their respective institutions, Aloysius Uche Ordu, Vice President, Regional and Country Programs and Policy from the African Development Bank (AfDB) and Faith Tuedor-Matthews, Deputy Managing Director, from the United Bank for Africa Plc (UBA) signed today, 16 December 2009 two loan agreements for a total of USD 150 million.

Tunisie : octroi d’un don BAD pour financer une étude stratégique d’assainissement pour 80 communes

16-Dec-2009 - Tunis, le 14 décembre 2009 – Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé, en date du 4 décembre 2009, une proposition visant l’octroi d’un don d’un montant de 574 988 unités de compte, équivalent à 615 248 euros,  destiné à financer une étude stratégique d’assainissement de 80 communes de moins de 10 000 habitants et des avant-projets détaillés de 6 communes de plus de 10 000 habitants, en Tunisie. Cette étude intéresse 86 communes dont la population totale s’élève à 500 000 habitants environ, selon le...

Signature d’un accord de prêt de 420 millions USD et de 186 millions d’euros à la République de Maurice

11-Dec-2009 - Tunis, le 10 décembre 2009 – La Banque africaine de développement (BAD) et le gouvernement de la République de Maurice ont signé à Tunis, le 10 décembre 2009, un accord de prêt relatif à l’octroi de 420 millions USD et de 186 millions d’euros (équivalent à 700 millions USD) à la République de Maurice, pour financer le programme de compétitivité et d’efficacité du secteur public (CESP).

AfDB and Access Bank of Tanzania Sign 660,000 USD Technical Assistance Grant

11-Dec-2009 - Dar es Salaam, 2 December 2009 - Representatives from the African Development Bank (AfDB) and Access Bank Tanzania (ABT) gathered today to sign a grant of USD 660,000 from the Fund for African Private Sector Assistance (FAPA). FAPA is sponsored by the Government of Japan, and Ambassador Hiroshi NAKAGAWA from the Japanese Government was present for the signing.

AfDB Board Approves the Establishment of ClimDev-Africa Special Fund

11-Dec-2009 - Tunis, 2 December 2009 - The Board of Directors of the African Development Bank (AfDB), on 2 December 2009, in Tunis, approved the establishment of the Climate for Development in Africa (ClimDev-Africa) Programme Special Fund (CDSF).  The Board of Directors approval is however subject to the ratification of the Board of Governors, upon which a Governing Council shall be created to provide technical oversight of the CDSF while its broad implementation shall be subject to rules and procedures of the Bank.

Maroc : programme d’appui au développement du secteur financier

10-Dec-2009 - Tunis, le 9 décembre 2009 -  Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé à Tunis, le 9 décembre 2009, un prêt de 162 millions d’euros destiné à financer un programme d’appui au développement du secteur financier (PADESFI) du Maroc.

Maroc : prêt de 110 M euros pour le développement du réseau de transport et de répartition d’électricité

04-Dec-2009 - Tunis, le 2 décembre 2009 -  Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé, le 2 décembre 2009 à Tunis, un prêt de 100 millions d’UC (équivalent à 109,82 millions d’euros) pour un projet de développement du réseau de transport et de répartition de l’électricité de l’Office National de l’Electricité (ONE) du Maroc. Le projet permettra l’amélioration de la qualité de service à l’ensemble des abonnés domestiques et industriels de l’ONE et aux régies de distribution.

AfDB Approves USD 245 million Loan for Tanzania Road Project

04-Dec-2009 - Tunis, 3 December 2009 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development bank Group (AfDB) Group, approved on 2 December 2009 in Tunis, a USD 245 million (152 million UA*) loan to finance a road sector support project  in Tanzania. This funding constitutes 66% of the total project coast estimated at USD 371 million (UA 230 million).