Press Releases

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A CFAF 19 Billion ADF Loan to Support the Milk and Meat Sectors in Benin

28-Nov-2008 - Tunis, November 27th, 2008 – The African Development Fund (ADB Group) Board of Directors has approved a UA 25 million* loan, equivalent to US $ 37.5 or CFAF 19.13 billion, to finance the Milk and Meat Sectors Support Project (PAFILAV) in Benin.

US$ 163 Million AfDB Loans and Grants to Finance the Interconnection of Electric Grids of Five Nile Equatorial Lakes Countries

28-Nov-2008 - Tunis, 27 November, 2008 – The African Development Fund (ADF) Board of Directors has approved a US$ 148 million (UA* 99,77 million) financing for the Interconnection of Electric Grids of Nile Equatorial Lakes Countries, concerning loans of: UA 17.73 million to Kenya and UA 7.59 million to Uganda, as well as grants of UA 15.15 million to Burundi, UA 27.62 million to the DR Congo, UA 30.47 million to Rwanda, and UA 1.21 million to the Nile Basin Initiative (NBI).

US$ 52 million ADB Financing to Zambia for a Water Supply and Sanitation Project

28-Nov-2008 - Tunis, 27 November, 2008 - The African Development Fund (ADB Group) Board of Directors has approved a UA 35 million loan, equivalent to US$ 52 million, to Zambia to finance the Nkana Water Supply and Sanitation Project.

Renforcement des capacités statistiques des pays africains : la BAD octroie un don de 28 millions de dollar

28-Nov-2008 - Tunis, le 27 novembre 2008-  Le conseil d’administration du Fonds africain de développement (FAD - Groupe de la BAD) a approuvé l’octroi d’un don de  28, 2 millions de dollars US (17,85 millions d’unités de compte*), destiné aux Pays Membres Régionaux (PMR) pour le renforcement de leurs capacités statistiques en vue du suivi des Objectifs du Millénaire pour le Développement (OMD) et de la mesure des résultats. Ce programme multinational couvre 52 pays africains (la Somalie ne faisant pas encore partie du programme).

AfDB Group Private Sector provides Euro 34 million to OLEA CAPITAL FUND

27-Nov-2008 - Tunis, 27 November 2008 - The Board of Directors of the African Development Bank (AfDB), through its private sector window approved today a Euro 34 million loan to OLEA CAPITAL FUND. OLEA CAPITAL is an agro-industrial project aimed at producing olive oil in Morocco, combining super-intensive olive plantations over 10, 000 hectares and crushing factories.

AfDB and Tanzania Join Forces for Accountability and Transparency in Public Finance Management

27-Nov-2008 - Dar es Salaam, 26 November, 2008 – A new loan to reduce poverty through more transparency and accountability in the management of public funds was signed on Wednesday, 26 November 2008, in Dar es Salaam, between the Tanzanian government and the African Development Bank (AfDB) Group. After less than a month from its approval by the Board, the Bank fast tracked the signing of the loan agreement to make resources available to the government in good time.

The AfDB Supports Reforms in Burundi

27-Nov-2008 - Tunis, 25 November 2008 - The African Development Bank (AfDB) Group Board of Directors has approved a Grant of 14 million Units of Account (UA)*, equivalent to US$ 20.8 million, to help finance Burundi’s Second Economic Reform Support Programme (ERSP-II). The funding, approved by the Board in Tunis on Tuesday, comprises a grant of UA12 million from the "Fragile States Facility" (FSF) of the African Development Fund, the concessionary window of the Bank Group,  and an AfDB grant of UA 2 million within the framework of the "Bank’s Response to...

Bank Group Grants US$84 Million to Uganda for Education IV Project

26-Nov-2008 - The Board of Directors of the African Development Fund (ADF), the borrowing arm of the African Development Bank (AfDB) Group, has approved a UA 52 million loan, equivalent to US$ 84.25 million, to Uganda to finance the country’s Post-Primary Education Expansion and Improvement Project (Education IV).

AfDB Grants Supplementary Loan to Burkina Faso to Finance WAEMU/GHANA Road Programme 1

26-Nov-2008 - Tunis, November 25th, 2008 - The African Development Fund (ADF) Board of Directors has approved a supplementary loan of FCFA 12.350 billion (UA 18 million) for the WAEMU/Ghana Road Programme (RP1) with Burkina Faso as the beneficiary. The RP I is the first programme implemented in the ECOWAS region under the NEPAD Short-Term Action Plan (STAP) for the transport sector. An ADF loan agreement and an ADF grant protocol agreement (UA 68 million) were signed on  December 18, 2003 with the governments of Burkina Faso, Ghana, Mali and the WAEMU...

336 millions de dollars pour un programme de facilitation du transport entre le Nigeria et le Cameroun

25-Nov-2008 - Tunis, le 25 novembre 2008 -  Le conseil d’administration du Fonds africain de développement (Groupe de la BAD) a approuvé un prêt de 310 millions de dollars US (188,64 millions d’unités de compte - UC) en faveur du Cameroun et du Nigeria ainsi qu’un don de 26,5 millions de dollars US (16,16 millions d’UC) en faveur de la CEDEAO pour la mise en œuvre du programme de facilitation du transport sur le corridor Bamenda-Mamfe-Abakaliki-Enugu.

336 millions de dollars pour un programme de facilitation du transport entre le Nigeria et le Cameroun

25-Nov-2008 - Tunis, le 25 novembre 2008 -  Le conseil d’administration du Fonds africain de développement (Groupe de la BAD) a approuvé un prêt de 310 millions de dollars US (188,64 millions d’unités de compte - UC) en faveur du Cameroun et du Nigeria ainsi qu’un don de 26,5 millions de dollars US (16,16 millions d’UC) en faveur de la CEDEAO pour la mise en œuvre du programme de facilitation du transport sur le corridor Bamenda-Mamfe-Abakaliki-Enugu.

AfDB Grants $24 Million Loan to Equatorial Guinea

25-Nov-2008 - Tunis, November 25th, 2008 – The Board of Directors of the African Development Bank approved a US $ 24.3 million loan to Equatorial Guinea to finance the Public Finance Management Support Project (PFMSP). The PFMSP of US $ 48.6 million, 50% of which is financed by the government, is designed to cover four years and it aims at improving the country’s economic and financial management system through the planning, budgeting and control functions.

Seminars for Government, Civil Society organizations and staff of the Bank’s Field office on the Bank’s accountability mechanisms

24-Nov-2008 - Antananarivo, November 4th, 2008 - CRMU in collaboration with the African Development Bank Integrity and Anti-Corruption Division (IACD) and the Bank’s Field Office in Madagascar co-organized a series of national seminars targeting government officials, civil society and the Bank staff in the country. The events were organized during  November 3-7, 2008.

Climate Change: Outlines of the Algiers Declaration

24-Nov-2008 - The Algiers Declaration on climate change, adopted November 19, 2008 by the Conference of African Ministers of the Environment, will serve as the platform for African countries for future negotiations on climate.

AfDB and BADEA Sign Protocol Agreement

21-Nov-2008 - The AfDB and the Arab Bank for Africa’s Economic Development (BADEA) on Thursday, November 21, 2008, in Tunis signed a protocol agreement to strengthen cooperation ties between both institutions in support of Africa’s sustainable development. The agreement also seeks to strengthen technical and financial cooperation ties between African countries and the Arab world in order to promote Arab-African solidarity.

AfDB and GoM sign Poverty Reduction Support Loan Agreement for Mozambique

20-Nov-2008 - MZFO’s Res Rep Alice Hamer, and Mozambique’s Minister of  Planning and Development, Minister Aiuba Cuereneia,  the country’s Bank Group  Governor, signed on 17 November, 2008, the second Poverty Reduction Support Loan (PRSL II), amounting to 60 million UA, to finance the Government’s second Absolute Poverty Reduction Support Program (PARPA II).

Approbation d’une participation de 30 millions de dollars dans le Fonds africain d’infrastructure énergétique

20-Nov-2008 - Tunis, le 19 novembre 2008 – Le Conseil d’administration de la Banque africaine de développement (BAD) vient d’approuver la proposition d’une participation de 30 millions de dollars dans le Fonds africain d’infrastructure énergétique (AIEF). Le projet d’investissement dans l’AIEF s’inscrit dans la continuation du soutien apporté par la BAD aux fonds d’infrastructures. La participation offre à la Banque l’opportunité de poursuivre ses efforts visant à satisfaire les besoins importants en énergie de l’Afrique tout en encourageant les opérations...

AfDB Conducts Daily Monitoring of Major Financial Crisis Indicators

19-Nov-2008 - Weekly African and Western financial markets monitoring, information on exchange rates and commodity prices is available on the AfDB Web site AfDB Monitoring Tools

AfDB and Niger Sign Loan and Grant Agreements

19-Nov-2008 - The African Development Bank Group on Monday, November 17, 2008, in Tunis signed agreements for a loan and grant with Niger to finance the Kandadji Ecosystems Regeneration and the Niger Valley Development Programme (KERNVDP). Estimated at UA 40 million, equivalent to US$ 62 million, the loan and grant will make it possible for the country find solutions to the recurrent drought it is facing and the degradation of natural resources by regenerating the riverine ecosystems and boosting agricultural production with poverty reduction as the...

The Bank Group and Malawi Government sign loan and grant agreements amounting to US$ 60.2 million

19-Nov-2008 - Lilongwe, 19 November 2008- The Bank Group and the Malawi Government on Wednesday, November 19, 2008, in Lilongwe signed loan and grant agreements totalling US$ 60.2 million equivalent to UA 43.31 million to finance some components and activities in the National Water Development Programme and the Local Economic Development Project during the next five years.