Press Releases

Displaying 4721 - 4740 of 5333

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 Mozambique Sign US$ 90 Million Budget Support Loan

18-Nov-2008 - Maputo, 17 November 2008 – The African Development Bank (AfDB) Group and the government of Mozambique have signed a US$90 million budget support loan agreement to finance the country’s second Absolute Poverty Reduction Support Program (PARPA II). The agreement was signed on Monday, 17 November 2008, in Maputo by Mozambique’s Planning and Development Minister, Aiuba Cuereneia, and the AfDB’s Resident Representative in Mozambique, Alice Hamer.

AfDB’s response to the food crisis: first batch of projects

17-Nov-2008 - The financial crisis is an additional burden to African leaders already saddled with a food crisis hurting Africans. The African Development Bank (AfDB) is at the forefront of efforts aimed at finding a solution to the problem. In this regard, it has added US$1 billion to its agricultural portfolio, taking it up to US$ 4.8 billion. It has also restructured some of its agricultural portfolio to provide a rapid disbursement facility to the tune of US$ 250 million.

Tanzania workshop

11-Nov-2008 - Tanzania, November 11, 2008 - CRMU, in collaboration with the TZFO and Lawyers' Environmental Action Team (LEAT), organized a seminar under the title "Civil Society and Communities:  Information and Access to  the Independent Review Mechanism of the African Development Bank" on 11th -12th November, 2008 at Blue Pearl Hotel in Dar Salaam. The event was attended by forty participants, representing NGOs, the media, and local communities from nine different regions in Tanzania.  Mr. Per Eldar  Sovik, the Director of the CRMU opened the workshop. ...

Tanzania: US$ 42 Million for Zanzibar Water and Sanitation Project

11-Nov-2008 - Tunis, 11 November 2008 - Efforts to improve water supply and sanitation in Zanzibar have received strong support from the African Development Bank (AfDB) Group which on Tuesday in Tunis, approved a combined loan and grant of 28 million Units of Account (UA*), about US$ 41.8 million, to finance the island’s water and sanitation project.

Evaluation of Joint Africa Institute (JAI)

08-Nov-2008 - Introduction

Niger: US$62 Million ADF Funding for the development of Niger Valley Ecosystems

31-Oct-2008 - Tunis, 29 October 2008 – The African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group, has approved a combined loan and grant of 40 million Units of Account (UA*), equivalent to US$ 62 million, to finance the Kandadji Ecosystems Regeneration and the Niger Valley Development programme (KERNVDP).

AfDB Approves US$ 156 Million Budget Support for Tanzania

30-Oct-2008 - Tunis, 29 October 2008 - Efforts by the Government of Tanzania to enhance accountability and transparency in the allocation of its public resources received strong support on Wednesday in Tunis where the Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved a loan of 100 million Units of Account (UA*), equivalent to US$ 156 million to assist in the implementation of the country’s Poverty Reduction Strategy.

AfDB Finances Zambia’s 2nd Poverty Reduction Budget Support Programme

30-Oct-2008 - Tunis, 29 Oct 2008 – The African Development Bank, through its soft loan affiliate, the African Development Fund, on Wednesday approved 15 million Units of Account*, approximately US$ 23.4 million, as Zambia’s Second Poverty Reduction Budget Support Loan (PRBS II). The loan will finance a two year programme to help Zambia implement key aspects of its Fifth National Development Plan. Primary beneficiaries will be Zambian businesses and the nation at large.

AfDB Approves US$ 18.7 Million for Electricity Project in Guinea

30-Oct-2008 - Tunis, 29 October 2008 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, on Wednesday in Tunis approved a 12 million Units of Account (UA*) grant, equivalent to US$ 18.7 million, to finance an electricity project in Conakry, Guinea.

Migrant Remittances Development Challenge

24-Oct-2008 - The African Development Bank (AfDB) gives high priority to promoting remittances by migrant workers, in view of its impact on poverty alleviation in countries of origin. Indeed, several studies conclude that migrant remittances play an increasing role in the economies of highmigration countries. However, despite their importance, several gray areas persist regarding the market structure and the utilization of these resources.

Tunisia: US$ 150 Million Loan for Oil and Gas Field Development Project

23-Oct-2008 - Tunis, 22 October 2008 – The African Development Bank Group (AfDB), through its Private Sector Window, has approved the provision of a senior loan of US$ 150 million to finance the Hasdrubal Oil and Gas Field Development Project, located in the Gulf of Gabes, in Tunisia.

AfDB Supports Health System Development in Equatorial Guinea

23-Oct-2008 - Tunis, 29 October 2008 – The African Development Bank (AfDB) has approved a loan of € 15.982 million to finance a health system development project in Equatorial Guinea. The Health System Development Support Project aims at building the national health system’s capacity to deal with communicable diseases and provide quality healthcare with a view to improving the health status of the population.

AfDB Group Approves US$ 293 Million for Infrastructure Development and Poverty Reduction

23-Oct-2008 - Tunis, 22 October 2008 – The Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Tunis, approved US$ 293.4 million to Tunisia, Mozambique and Third Emerging Capital Partners Africa Fund (EAF 3) to boost infrastructure development and poverty reduction on the continent. The Board, under the Bank Group’s Private Sector Window, approved the provision of a US$ 150 million senior to finance the Hasdrubal Oil and Gas Field Development Project, located in the Gulf of Gabes, 350 kilometres south-east of Tunis.

AfDB approves US$ 93 Million loan for Mozambique

23-Oct-2008 - Tunis, October 22, 2008 – The African Development Bank (AfDB) Group has approved a budget support loan of 60 million Units of Account (UA*), equivalent to US$ 93.4 million, to finance Mozambique’s second Poverty Reduction  Support  Programme (PRSL II) for three fiscal years ending December 2010.

Central African Republic: US$ 14.79 million for Economic Reform

16-Oct-2008 - Tunis, 15 October 2008 – The Central African Republic will receive 9.5 million Units of Account (UA*), about US$ 14.79 million grant in support of the country’s economic reform programme approved by the Boards of Directors of the African Development Bank (AfDB) Group.

AfDB Approves US$ 32 Million Loan for Ghana’s Tema Power Project

16-Oct-2008 - Tunis, 16 October 2008 – The African Development Bank Group’s Board of Governors on Tuesday 15 Oct. 2008 in Tunis, approved a US$ 32 million private sector loan to Tema Osonor Plant Limited, a special purpose vehicle incorporated in Ghana to finance the country’s Tema Power Project. 

AfDB and Mali Sign CFAF 23 Billion Budget Support Loan Agreement

15-Oct-2008 - Tunis, 15 October 2008 – The African Development Bank Group and the Malian government have signed an agreement for a budget support loan of 33 million Units of Account (UA*), about CFAF 23 billion to finance the country’s Growth and Poverty Reduction Strategy Support Programme (GPRSSP). The agreement for the African Development Fund (ADF) loan was signed on Monday in Tunis by the Bank Group’s Vice President for Sector Operations, Zeinab El-Bakri and Mali’s Ambassador to Tunisia, M’Barakou Arafa Askia Toure.

AfDB Africa Food Crisis Response Initiative-Kenya Gets US$12 Million

14-Oct-2008 - Tunis, 14 October 2008 – The African Development Bank Group has approved the immediate release of 7.71 million Units of Account (UA*), about US$ 12 million to Kenya to help the country tackle growing food shortages. The funding will be used to procure and distribute fertilizers to farmers to boost food production during the current cropping season.  The Kenyan Ministry of Agriculture and the National Cereals and Produce Board (NCPB) will be responsible for the procurement and distribution of fertilizers.

US$ 33 Million Approved for Ethiopia-Djibouti Power Interconnections Project

08-Oct-2008 - Tunis, 8 October 2008 – Prospects for the completion of the Ethiopia-Djibouti power interconnection became a reality on Wednesday in Tunis, where the Board of Directors of the African Development Fund, the concessionary window of the AfDB Group, approved a combined loan and grant of 20.92 million Units of Account*, equivalent to US$ 32.57 million, to fund the Project.