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AfDB approves a €40-million Risk Participation Agreement with BNP Paribas to Boost Trade Finance in Africa
30-Apr-2014 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 30 in Tunis an unfunded €40-million Risk Participation Agreement (RPA) with BNP Paribas to support the trade finance activities of African issuing banks. The facility will help address critical market demand for trade finance in Africa by supporting trade in vital economic sectors such as agribusiness and manufacturing.Development of African agriculture sector central to inclusive growth, food security: AfDB report
25-Apr-2014 - The African Development Bank’s (AfDB) Agriculture and Agro-industry (OSAN) and Development Research Departments have jointly produced the report entitled “Inclusive Growth: An Imperative for African Agriculture”.AfDB approves a US $50 million Risk Participation Agreement with Commercial International Bank S.A.E. to Boost Trade Finance in Egypt and Africa
24-Apr-2014 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 23, 2014 an unfunded US $50 million Risk Participation Agreement (RPA) with Commercial International Bank (Egypt) S.A.E. (CIB) to support trade transactions originated by issuing banks in Africa. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing.AfDB approves 18.74 billion CFA francs for Senegal’s Water and Sanitation Sector Project
24-Apr-2014 - Senegal will receive a combined African Development Fund loan and grant amounting to 18.74 billion CFA francs approved by the Fund’s Board on Wednesday, April 23, 2014 in Tunis, to finance the country’s Water and Sanitation Sector Project (PSEA).AfDB SME Program: Enhancing Inclusive Growth and Job Creation in Africa
24-Apr-2014 - The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.AfDB a key player in Africa to support global environment with the GEF
24-Apr-2014 - Record amount pledged for the Global Environment Facility Thirty donor countries pledged a record amount of US $4.43 billion for the Global Environment Facility (GEF) on April 17 to support developing countries’ efforts over the next four years to prevent degradation of the global environment. The African Development Bank, as one of the implementing agencies of the GEF since 2007, is a key player to foster a sustainable development path in Africa.Cape Verde’s new Country Strategy Paper targets infrastructure for inclusive growth
24-Apr-2014 - Applauding Cape Verde’s graduation to middle income status, the Board of Directors of the African Development Bank Group (AfDB) on Wednesday, April 23, 2014 approved a new Country Strategy Paper designed to support the Government in its efforts to lay the foundations for more inclusive and green growth.
AfDB Board approves US $8.2-million senior loan for medical clinic in The Gambia
18-Apr-2014 - The Board of Directors of the African Development Bank approved on Wednesday, April 16, 2014 in Tunis, a US $8.2 million loan to The Gambia’s Horizons Clinic. The Horizons Clinic project to which the Board approved a US $8.2-million loan involves the design, building and operation of a 60-bed international standard, state-of-the-art medical facility in The Gambia.AfDB Board approves revised framework for selection and prioritization of regional operations
18-Apr-2014 - The Board of Directors of the African Development Bank Group met on Wednesday, April 16, 2014 in Tunis and approved a revised framework for the selection and prioritization of regional operations.Afrique de l’Ouest : L’une des toutes premières institutions régionales de gestion des eaux souterraines voit le jour, grâce à une étude financée par la Facilité africaine de l’eau
17-Apr-2014 - Grande première, les aquifères de l’Iullemeden et de Taoudeni/Tanezrouft seront gérés dans un cadre de concertation à dimension régionale, promettant ainsi à plus de 25 millions d’habitants de l’Afrique de l’Ouest l’accès à une ressource en eau jusque-là sous-exploitée.AfDB a cornerstone investor in $698 million Sub-Saharan Africa Fund
16-Apr-2014 - Private sector investment key to continent’s development, says Kaberuka African Development Bank support for private equity investment in Africa recorded a major success on Wednesday, April 16, when The Carlyle Group announced it had raised $698 million for its new Sub-Saharan Africa Fund, exceeding its initial target by 40 per cent. The Bank was a cornerstone investor and played a crucial role by investing $50 million at an early stage in the fundraising.
Zambia Signs Energy Sector Agreement for Itezhi Tezhi Power Generation Project
16-Apr-2014 - The African Development Bank (AfDB), with the Dutch Development Bank FMO, the Development Bank of Southern Africa (DBSA) and Propaco of France on Monday, April 14 signed a USD142 million loan to develop the 120 MW Itezhi Tezhi power project.Nearly one third of African Nations engaged in Climate-Smart Initiatives, report says
15-Apr-2014 - In its just-released 2013 Annual Report for its work with the Climate Investment Funds (CIF), the African Development Bank (AfDB) has indicated that it is supporting 16 national and 1 regional Investment Plans in renewables, forests, resilience andVocational Training for the Employment of Youth: A Leading Priority for African Countries
14-Apr-2014 - The Association for the Development of Education in Africa (ADEA) Inter-Country Quality Node on Technical and Vocational Skills Development (ICQN/TVSD) held on March 31 and April 1, 2014 an “Inter-Country Seminar on Youth Employment in Africa” in Abidjan, Côte d’Ivoire.