Press Releases
Displaying 1221 - 1240 of 5333
Tchad : la Banque africaine de développement approuve le financement par l’UE de 30 millions d’euros pour l’interconnexion des réseaux électriques avec le Cameroun
23-Jun-2020 - Le Conseil administration de la Banque africaine de développement a donné son accord, le 22 juin à Abidjan, à une proposition de don de 29,4 millions d’euros en faveur du Tchad, pour cofinancer le Projet d’interconnexion des réseaux électriques du Cameroun et du Tchad (PIRECT).
Togo: African Development Bank approves $3 million loan reallocation to agriculture sector for COVID-19 response
23-Jun-2020 - The Board of Directors of the African Development Bank have approved the reallocation of $3 million in loan resources to help Togo purchase agricultural inputs to enhance food security in the wake of the COVID-19 pandemic.
African Development Bank approves EUR 88 million loan to Cameroon to finance COVID-19 response
23-Jun-2020 - The Board of Directors of the African Development Bank on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s COVID-19 Rapid Response Facility (CRF) of up to $10 billion, the institution’s main channel to cushion African countries from the economic and health impacts of the crisis.
S&P Global affirms African Development Bank’s AAA rating, with stable outlook
22-Jun-2020 - Ratings agency S&P Global on Friday affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. “We are therefore affirming our ‘AAA’ long-term issuer credit rating on the AfDB,” S&P Global stated.
Africa’s agriculture value chains must go digital to transform production - webinar
22-Jun-2020 - Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and transform the sector, speakers at a webinar jointly hosted by the FAO Investment Centre and the African Development Bank said.
African Development Bank joins Nasdaq Sustainable Bond Network
17-Jun-2020 - Nasdaq (Nasdaq: NDAQ) on Wednesday announced the inclusion of the African Development Bank, one of the world’s largest issuers of social bonds, in the Nasdaq Sustainable Bond Network (NSBN). The NSBN is a global and publicly available platform designed to improve transparency in the market for green, social and sustainability bonds.
African Development Bank approves $4 million grant to bolster South Sudan’s COVID-19 response
17-Jun-2020 - The Board of Directors of the African Development Bank on Wednesday approved a UA 3 million ($4.16 million) grant to South Sudan to support the emergency response to COVID-19 and strengthen the country’s fragile health system. The grant, from the Transitional Support Facility of the Bank Group’s African Development Fund, will provide funding for the project to enhance the capacity of South Sudan’s health facilities and to bolster the country’s capacity to detect cases and curb the spread of the virus.
Egypt: African Development Bank approves 225 million euros budget support loan for electricity sector to bolster economic resilience and sustainability amid COVID-19
17-Jun-2020 - The Board of Directors of the African Development Bank on Wednesday approved a 225 million euros loan to finance Egypt’s Electricity and Green Growth Support Program (EGGSP). The funding, provided in a challenging global context, will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic, and support a sound electricity infrastructure base, a key enabler for the private sector and for the country’s competitiveness.
The Independent Review Mechanism hosts a virtual outreach with civil society organizations
17-Jun-2020 - The Compliance Review and Mediation Unit (BCRM), the Secretariat of the Bank’s Independent Review Mechanism (IRM), organized an information webinar for civil society organizations (CSOs) on “Handling Complaints from People Affected by Projects Financed by the African Development Bank Group (AfDB)” on Wednesday, 10 June 2020.Integrity in Development Projects: The African Development Bank Debars Sieyuan Electric and Subsidiaries for Fraud
16-Jun-2020 - The African Development Bank Group (AfDB) on June 16, 2020, announced the conclusion of a negotiated settlement agreement with Sieyuan Electric Co. Ltd., a China-based contractor, thus resolving various sanctionable practices committed by the company.
African Development Bank approves $20 million to contain spread of COVID-19 in G5 Sahel nations
10-Jun-2020 - The Board of Directors of the African Development Bank on 9 June 2020 approved $20 million in grant funding from the African Development Fund, to build capacity to curb and stop the spread of the COVID-19 pandemic in Mauritania, Mali, Burkina Faso, Niger, and Chad. The operation will provide funding for the project which will also boost resilience of vulnerable communities, including internally displaced persons, refugees and their host communities, in the countries, also known as the Sahel zone’s Group of 5 (G5).
Ethiopia: The African Development Bank gives $1.2 million for Ethiopia-Sudan railway study
10-Jun-2020 - The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.Guinée : la Banque africaine de développement octroie 3,2 millions de dollars pour trois projets de développement
10-Jun-2020 - Le Bureau national de la Banque africaine de développement en Guinée (COGN) et le gouvernement guinéen ont procédé, entre le 21 et le 26 mai derniers, à la « télé-signature » d’accords de près de 3,2 millions de dollars pour trois nouveaux projets dans la numérisation, les énergies vertes et l’appui à la compétitivité de la chaîne de valeur du miel.
Somalia: African Development Bank’s intervention helps to curb COVID-19 in vulnerable communities
10-Jun-2020 - With 2.6 million internally displaced persons in Somalia, the outbreak of COVID-19 poses an additional challenge in an already fragile situation, leaving the population highly vulnerable. Thankfully, the African Development Bank-financed water supply and sanitation project came in handy as a critical control intervention, although COVID-19 was not anticipated in 2016 when the project was launched.Changement climatique : le Groupe des négociateurs africains discute de la mise à jour des Contributions déterminées au niveau National
09-Jun-2020 - Le Groupe des négociateurs africains (« African Group of Negotiators » - AGN), en partenariat avec la Banque africaine de développement, a organisé, le 28 mai dernier, une importante réunion virtuelle sur le projet des lignes directrices pour la révision ou la mise à jour des Contributions déterminées au niveau national (CDN) en Afrique.
African Development Bank announces 100 finalists for IDEATHON #Africavs Virus challenge
09-Jun-2020 - The African Development Bank has announced the 100 finalists from the #AfricaVsVirus Challenge ideathon to find solutions to challenges raised by the COVID-19 pandemic in Africa. Some 25,000 participants from across Africa and beyond, joined the online platform to pitch their ideas for innovative solutions to the health and economic challenges caused by the virus. Participants in the 72-hour ideathon curated 750 solutions, from which an expert panel selected the Top 100 Solutions.
La Banque africaine de développement mobilise 75 millions d’euros pour aider la Côte d’Ivoire à faire face à la pandémie de Covid-19.
09-Jun-2020 - Le Conseil d’administration de la Banque africaine de développement a approuvé, lundi 8 juin à Abidjan, un prêt de 75 millions d’euros (soit environ 49,12 milliards FCFA) sous forme d’appui budgétaire, en faveur de la Côte d’Ivoire afin de financer le programme d’appui à la riposte contre le COVID-19 (PARC).
African Development Bank unveils strategy roadmap to safeguard food security against impacts of COVID-19
08-Jun-2020 - The African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures.Integrity in Development Projects: The African Development Bank debars Burmeister & Wain for fraudulent and corrupt practices
08-Jun-2020 - Pursuant to a settlement agreement, the African Development Bank Group on 8 June 2020, announces the debarment of Burmeister & Wain Scandinavian Contractor, for a period of 21 months, for engaging in sanctionable practices in a power generation project financed by the Bank in Mauritius.