You are here
Press Releases
Displaying 3321 - 3340 of 5337
La BAD mobilise 24,13 millions de dollars en appui au Bénin contre l’insécurité alimentaire et le changement climatique
07-Oct-2015 - Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé le 7 octobre 2015, le projet d’appui à la production vivrière et de renforcement de la résilience (PAPVIRE-ABC) au Bénin qui couvre les départements de l’Alibori, du Borgou et des Collines, trois circonscriptions assez vulnérables du Nord du pays.AfDB provides an overview of electricity production and consumption in Togo
06-Oct-2015 - The African Development Bank has published in the series "West Africa Policy Notes" a study on the energy sector in Togo. Entitled "Underlying Issues of Electricity Access in Togo", this research conducted by Carpophore Ntagungira, AfDB Principal Country Economist, draws up a status report on the production and consumption of electricity in Togo and provides recommendations for the sector to become more competitive and more inclusive.Enhanced legal capacity essential for successful negotiations in the mining sector
05-Oct-2015 - The Prime Minister of the Republic of Uganda, Ruhakana Rugunda, lauded the African Legal Support Facility (ALSF) for conducting a capacity-building training programme to equip government officials with the skills needed to negotiate favourable mining agreements. He reiterated the need for strengthened human capacity that is critical to facilitate Government’s efforts to maximize benefits from the extraction of natural resources in the mining sector.The AfDB injects 8.226 billion CFA francs to boost industrial competitiveness in Côte d’Ivoire
01-Oct-2015 - On 30 September, the African Development Bank (AfDB) formally approved a grant of 8.226 billion CFA francs (approximately US $14.4 million) to Côte d’Ivoire from the African Development Fund (ADF) to fund the Support to Industrial Competitiveness Enhancement Project (PARCSI).AfDB approves US $141.71-million for the Dar es Salaam Bus Rapid Transit System Project
01-Oct-2015 - The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US $44.29-million loan from the Africa Growing Together Fund (AGTF)* will support Tanzania Government’s efforts to decongest the city of Dar es salaam.Integrity in Development Projects: AfDB and SNC-Lavalin settle corruption allegations
01-Oct-2015 - The African Development Bank Group (“AfDB” or “Bank”) on October 1st, 2015, announced the conclusion of a settlement with SNC-Lavalin Group Inc. (“SNC-Lavalin”). The settlement follows an inquiry supervised by the Integrity and Anti-Corruption Department (“IACD”) of the Bank and pertains to contracts awarded to SNC-Lavalin International Inc. (“SNCLI”) on two AfDB-financed projects in Uganda and Mozambique. The agreement resolves allegations uncontested by the company of illicit payments ordered by former SNCLI employees to public officials in...AfDB approves US $120-million corporate loan to Ghana Airports Company - First private sector investment in Ghana’s transport sector
01-Oct-2015 - On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US $120-million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports. The loan is the first private-sector investment that the AfDB has financed in Ghana’s transport sector.AfDB supports improved electricity access in Guinea, Guinea-Bissau, Gambia and Senegal
01-Oct-2015 - The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million [1] package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal.African Development Bank speeds US $16-million relief for water and sanitation in Zimbabwe
01-Oct-2015 - The African Development Bank Group (AfDB) fast-tracked a grant of US $16-million on Wednesday, September 30, to help clean up the poorest suburbs of the Zimbabwean capital. The first stage of the project will concentrate on removing the raw sewage currently spilled into residential areas and securing the water supply for the most vulnerable areas of Greater Harare, home to 2 million people.AfDB approves US $428 million in energy and infrastructure, transport and water projects in eight African countries
30-Sep-2015 - The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 30, 2015 approved combined loans and grants amounting to US $428.43 million to finance projects in energy, infrastructure, transport and water and sanitation in eight African countries – The Gambia, Ghana, Tanzania, Zimbabwe, Guinea Bissau, Guinea, Senegal and Côte d’Ivoire.SEFA grants US $1 million to develop a transformative hydropower project in Guinea-Bissau
30-Sep-2015 - The Sustainable Energy Fund for Africa (SEFA) approved on September 16 on the sidelines of the African Development Bank’s (AfDB) Energy Week a US $965,000 grant to support the preparation of turnkey run-of-river hydropower plant with an estimated electric capacity of 20 MW at Saltinho, Guinea-Bissau.
After the MDGs, renewed commitment and financing required to spur Africa’s development
28-Sep-2015 - With advances made in their social indicators, African countries to focus on implementing the next generation of development goals Having made encouraging progress on the Millennium Development Goals (MDGs), African countries have the opportunity to use the newly launched Sustainable Development Goals to tackle remaining challenges and achieve a development breakthrough, according to a report released in New York on Monday.Senegal showcased by the AfDB for sustainability in Rural Water and Sanitation, Sustainable Development Goal number 6
28-Sep-2015 - The African Development Bank and the Senegalese Ministry for Water Resources and Sanitation have fine-tuned their planning of a new US $54-million program to improve access to water and sanitation in the most challenging rural regions of the country. High on the agenda of priorities is the alignment with the just-launched UN Sustainable Development Goals (SDGs). SDG number 6 pledges availability and sustainable management of water and sanitation for all.
International Financial Institutions Back New Global Development Agenda with Stepped-Up Support
25-Sep-2015 - Multilateral Development Banks (MDBs) and the International Monetary Fund (IMF) hailed the adoption of a sustainable development agenda for the next generation and are fully committed to stepping up their support to ensure its success.AfDB approves Rural Youth Enterprise Project for Food Security in Madagascar
23-Sep-2015 - The African Development Bank Group (AfDB) has approved two loans amounting to US $24.55 million for Madagascar to help reduce the country's food insecurity and fragility. The Mid-West Rural Youth Enterprises Project (PROJERMO), located in the Bongolava and Amoron'i Mania regions involves the establishment of enterprises in areas of activity and occupations linked to the production, processing, and marketing of agricultural products, as well as to the development and maintenance of irrigation infrastructure.Benin, Côte d’Ivoire and Ethiopia to benefit from African Trade Insurance (ATI) Membership Programme
23-Sep-2015 - The African Development Bank (AfDB) Group has approved a combined US $30 million soft loan to Benin, Côte d'Ivoire and Ethiopia to be utilized for membership subscriptions in the African Trade Insurance Agency (ATI). This is a critical step and a prerequisite for ATI to commence its operations within these countries. Under the approvals, Benin and Ethiopia will each receive US $7.50 million, whilst Côte d'Ivoire will receive US $15.0 million.AfDB approves US $10-million loan to Seychelles for private sector development
23-Sep-2015 - The African Development Bank has approved a US $10-million loan to the Republic of Seychelles in support of the Government's Inclusive Private Sector Development and Competitiveness Programme - phase II (IPSDCP-II).African Renewable Energy Fund, cornerstoned by AfDB and SEFA, successfully reaches final close at its target of US $200 million of committed capital
22-Sep-2015 - The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap, with US $200 million of committed capital to support small- to medium-scale projects, with investment at the final close from European Investment Bank (EIB) and the Global Energy Efficiency and Renewable Energy Fund (GEEREF), among other investors.AfDB gears up for key role in Post-2015 Development Agenda
22-Sep-2015 - A high-level African Development Bank (AfDB) delegation led by its new President, Akinwumi Adesina, will ensure that Africa’s voice is heard at the UN Sustainable Development Summit in New York from September 25-27.