Press Releases
Displaying 4661 - 4680 of 5333
AfDB promotes agribusiness investment funds-Equity participation of USD 15 million in Agribusiness Investment Fund (Agri-Vie Fund MPCC)
28-Jan-2009 - Tunis – 28 January 2009 - The Board of Directors of the African Development Bank (AfDB) Group approved an equity participation of USD 15 million to finance an Agribusiness Investment Fund (Agri-Vie Fund MPCC). Agri Vie is a private equity fund that makes equity and equity-related investments in agribusiness companies in Sub-Saharan Africa (SSA). The Fund will seek investments in commercially attractive agribusiness projects with sound environmental and social practices.Cameroon: US$ 61 Million Funding for Water and Sanitation
28-Jan-2009 - Tunis, 28 January 2009 - The African Development Bank (AfDB) Group Board of Directors has approved a loan of 40 million Units of Account (UA)*, equivalent to US$ 61.6 million, to help finance a Semi-Urban Drinking Water Supply and Sanitation project in Cameroon. The Project, to be financed by the African Development Fund (ADF), the concessionary window of the AfDB Group, will cover 19 councils in the Central, Far North, Littoral, West, South and South-West provinces of the country.Inauguration of Major Bank-financed Road Projects in Mali
23-Jan-2009 - Three major events involving the Bank’s portfolio in Mali were organized under the patronage of Malian President, Amadou Toumani Touré, as part of end-of-year activities.Sierra Leone Qualifies for Fragile States Facility Resources
22-Jan-2009 - Sierra Leone has qualified for Fragile States Facility resources, worth 72.47 million units of account (US$ 112 million), following the approval of the Boards of Directors of the African Development Bank (AfDB) Group on Tuesday, January 21, 2009, in Tunis. Sierra Leone will thus receive financial assistance to promote economic growth by rehabilitating its infrastructure, improving its agricultural sector and promoting good governance. More specifically, the funds will finance:AfDB Executes US$1 Billion Bond Issue
21-Jan-2009 - On 13 January 2009, as part of its USD 3.7 billion 2009 borrowing program, the African Development Bank successfully executed a US$ 1 billion benchmark global bond issue in the international market. The 3-year bond, lead managed by BNP Paribas, Citi and Goldman Sachs, was priced at mid-swap + 40 bp and carries a coupon of 1.875%.Gambia-US$ 6 M for Budget Support
15-Jan-2009 - Tunis, January 14, 2009 - The Board of Directors of the African Development Bank (AfDB) has approved a UA* 4.0 million grant, equivalent to US$ 6.16 million, for the Gambian government to finance its Poverty Reduction Budget Support Programme (PRBSP). The grant, which runs from 2008-2010, is disbursed as follows: UA 3 million from ADF-XI resources, and UA 1 million from AfDB’s surplus account for the Bank’s response to the food crisis on the continent.AfDB supports Tunisia’s largest private infrastructure project-A Senior Loan of Euro 70 million to finance the Enfidha Airport Project
14-Jan-2009 - Tunis, 14 January, 2009 - The Board of Directors of the African Development Bank Group approved financing for up to Euro 70 million to finance the Enfidha Airport Project in Tunisia.AfDB and Cape Verde Sign US $7.44 Million Loan Agreement for Budget Support Programme to Fight Poverty
09-Jan-2009 - The African Development Bank (AfDB) Group and Cape Verde have signed a loan agreement of UA 5 million, equivalent to US$ 7.4 million or CVE 667,990,000 on Wednesday, January 7, 2009, in Tunis. Approved by the AfDB Board of Directors on December 22, 2008, the loan is designed to finance the Second Budget Support Programme to Cape Verde’s Poverty Reduction Strategy (PASRP-II).The Gambia: Grant Financing of Livestock and Horticulture Development Project
09-Jan-2009 - Banjul, January 9, 2009 - The protocol agreement on a grant to finance the livestock and horticulture development project which was approved by the African Development Fund (ADF) Board of Directors on the December 26, 2008, was signed on Friday in Banjul, The Gambia. The agreement was signed for the country by its Finance and Economic Affairs Secretary of State, Mousa Gibril Bala-Gaye, and AfDB’s Regional Resident Representative in Senegal, Mohamed H’Midouche.AfDB Provides US$ 9.24 Million as Additional Support to Guinea Bissau’s Health Programme
08-Jan-2009 - Tunis, January 7, 2009 – The Board of Directors of the African Development Bank (AfDB) Group has approved the restructuring of the support programme to National Health Development Programme (Health-II) and has provided a grant of UA 6 million, equivalent to US$ 9.24 million, from the Fragile States Facility (FSF) for Guinea Bissau.New General Conditions Applicable to Loan and Guarantee Agreements
31-Dec-2008 - New general conditions applicable to loan and guarantee agreements of the African Development Bank Group as well as protocol of agreements become effective as of January 1st 2009. These new conditions had been adopted by the Boards of Directors of the Bank and the Fund in May 2008 in Maputo. The revised general conditions contain standard provisions applicable to financing provided by the AfDB Group and knowledge of the provisions is essential to the proper negotiation of financing agreements as well as the implementation of the related...AfDB and Senegal Sign CFAF 23 Billion Loan Agreement for Budget Support Programme
23-Dec-2008 - Tunis, December 22, 2008 -The African Development Bank (AfDB) Group and Senegal on Monday, December 22, 2008, in Tunis signed a loan agreement worth UA 30 million, equivalent to CFAF 23 billion, to support a poverty reduction strategy programme in the country which had been approved on the same day by the AfDB Board of Directors.AfDB Approves US$ 450 million Loan to Finance Thermal Power Project in Egypt
23-Dec-2008 - Tunis, December 22, 2008 - The Board of Directors of the African Development Bank (AfDB) Group on Monday, December 22, in Tunis, approved an ADB loan of US$ 450 million, to finance a thermal power project in Egypt.Appui budgétaire de 7, 44 millions de dollars au Cap-Vert pour la lutte contre la pauvreté
22-Dec-2008 - Tunis, le 22 décembre 2008 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé un prêt d’appui budgétaire de 5 millions d’unités de compte (UC*), soit 7,44 millions de dollars en faveur du Gouvernement du Cap-Vert, pour financer le programme d’appui à la stratégie de réduction de la pauvreté II.AfDB provides more than US$ 17 million to Liberia for Public Financial Management Reform
22-Dec-2008 - Tunis, 22 December 2008 – The African Development Bank (AfDB) Group has approved a grant of UA* 12 million, equivalent to US$ 17.86 million, for Liberia to finance the Public Financial Management Reform Support Programme (PFMRSP) I. The programme’s UA 9 million financing from the Fragile States Facility (FSF) is enhanced by a UA 3 million grant in the form of an allocation from the Surplus Account of the AfDB to the African Food Crisis Response (AFCR).