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AfDB Approves USD 35 Million to Finance Livestock Infrastructure in Rwanda
30-Jun-2011 - The Board of Directors of the African Development Fund (ADF), the concessional window of the AfDB Group, on 29 June, approved a USD 35-million loan to Rwanda. The amount will be disbursed under the country’s Livestock Infrastructure Support Programme (LISP), which will be implemented over four fiscal years, 2011 to 2015. The LISP is the Bank’s second sector budget support operation in Rwanda. It is aligned with the country’s 2008-2012 Economic Development and Poverty Reduction Strategy.
African Countries Call for Accessible and Efficient Climate Finance
30-Jun-2011 - The 2011 Climate Investment Funds (CIF) Partnership Forum, hosted by the African Development Bank (AfDB), ended today with African countries clearly showing their willingness to tackle climate change effects head on. The challenge remains adequate access to climate change financing for Africa.AfDB Approves USD67 Million Grant for Burundi Road Project
29-Jun-2011 - The Boards of Directors of the African Development Bank (AfDB) Group today approved a grant of USD67.23 million (Units of Account 42 million) in funding for Phase II of the Gitega-Nyangungu-Ngozi road project in Burundi. The new finance will be used to fund the Gitega-Nyangungu segment of the road. Of the total, USD51.22 million is provided from the resources of the AfDB’s Fragile States Facility (FSF) and USD 16.01 million from the African Development Fund, the Bank Group’s concessional arm.
Asian Development Bank and African Development Bank to Cooperate to Set Up Trade Finance Program for Africa
27-Jun-2011 - The Asian Development Bank (ADB) and the African Development Bank (AfDB) have signed an agreement to help AfDB set up a trade finance program to boost African trade, and, more broadly, South-South trade. AfDB is scaling up its trade finance activities to channel critical trade support to companies across the African continent, much as the ADB’s program has done in developing Asia.
AfDB Presents 2011 CNN/MultiChoice African Journalist Environmental Award to Egyptian Lamia Hassan
27-Jun-2011 - Egyptian journalist Lamia Hassan has been awarded the 2011 CNN/MultiChoice African Journalist Environment Award. Hassan, who works for Business Today Egypt, won the award for her story ‘Washed up’, which was chosen from among 1407 entries from 42 nations across the African continent.AfDB-Tanzania: USD 23.4 Million Loan for Alternative Learning and Skills Development
26-Jun-2011 - The Board of Directors of the African Development Fund (ADF) today approved a USD 23.4 million (Unit of Account 15 million) loan to finance The Alternative Learning and Skills Development Project Phase II (ALSDP II), in Tanzania.
African Efforts on Climate Action Get Boost
24-Jun-2011 - Climate Investment Funds Partnership Forum Opens in Cape Town, South Africa African efforts on climate action received a welcome boost today with approval of a ground-breaking renewable energy project in Morocco that should be a game-changer for solar power at large-scale.AfDB Approves USD 48 Million Budget Support Grant to Liberia
22-Jun-2011 - The Board of Directors of the African Development Bank (AfDB) Group on Tuesday approved a USD 48-million budget support grant to finance Liberia’s Economic Governance and Competitiveness Support Program. The grant is provided from the Bank’s Fragile State Facility. The program aims to:AfDB approves €137 million to finance Tunisia-Libya Highway
22-Jun-2011 - The Board of Directors of the African Development Bank (AfDB) on 21 June 2011 approved a loan of €137.34 million to fund the motorway link between Gabes, Medenine, and Ras Jedir in Tunis. The loan granted to the Tunisia Highways Corporation, and guaranteed by the government, will be used to fund the Medenine to Ras Jedir part of the link.African Legal Support Facility (ALSF) Supports Tunisia’s Bid to Recover Stolen Assets
22-Jun-2011 - Written by Aristide Ahouassou The African Legal Support Facility (ALSF) is helping the Tunisian Stolen Asset Recovery Committee to build capacity, following an agreement signed on 10 June 2011 during the Annual Meetings of the AfDB Group in Lisbon, Portugal. The ALSF support will be in two areas:2011 CIF Partnership Forum: African Countries Are Ready for CIF Investments
20-Jun-2011 - African delegations from Algeria, Egypt, Ethiopia, Ghana, Niger, Nigeria, South Africa, and Tunisia will attend the CIF (Climate Investment Funds) Partnership Forum on 24-25 June in Cape Town, South Africa to share experiences with fellow CIF pilot countries from around the world. Burkina Faso, the DRC, Morocco, Mozambique, and Zambia will also be there for the learning and to present their CIF investment plans and projects for approval at closed CIF committee meetings coupled with the forum. Kenya and Mali will also present their investment...AfDB Highlights Egypt’s Good Economic Performance in Country’s 2010 Competitiveness Report
16-Jun-2011 - The African Development Bank launches The Arab Republic of Egypt: Competitiveness Report update 2010and share the fruits of analytical work and discussions with the Bank’s Egyptian partners over the last year. While the social and political changes that have swept across Egypt, and North Africa at large, have taken center-stage in the first months of 2011, the underlying economic dimensions of these changes are critically important.AfDB and Liberia Sign USD 56 Million Budget Support and Public Works Grant Agreements
15-Jun-2011 - As Bank Establishes Field Office in Monrovia The Liberian government’s efforts to accelerate economic growth and reduce poverty received a boost on 11th August 2011 with the signing of two USD 56-million (UA 35 million) grant agreements to improve public financial management and infrastructure maintenance capacity in public works.
AfDB Group Annual Meetings Come to an End in Lisbon
10-Jun-2011 - Approvals 2010 Annual Report 3-year temporary relocation period 2012 Annual Meetings in Arusha, Tanzania 2013 Annual Meetings in Marrakech, Morocco
AfDB and Tunisia formally sign USD 500m budget support accord at Annual Meetings
10-Jun-2011 - President Kaberuka announces another USD 500 million “in the pipeline” The African Development Bank Group (AfDB) and the Government of Tunisia formally signed the agreement for USD 500 million in budget support, passed by the AfDB Board of Directors the previous month, on 10 June 2011. The President of the AfDB, Donald Kaberuka, said there was an additional USD 500 million “in the pipeline”, which he hoped would be in place by the end of the year.
Engagement with Civil Society: Call for More Transparency from the AfDB
10-Jun-2011 - More than 50 civil society organizations attended a forum organized during the 2011 Annual Meetings of the African Development Bank (AfDB). The two-day forum took place on 9-10 June 2011 in Lisbon, Portugal. Opening the event, AfDB Vice President Aloysius Ordu reminded participants of one of the lessons to be learned from recent political developments in Tunisia, North Africa and other African countries: that development efforts must strive for social inclusion.
Zimbabwe and AfDB Sign US$30 million Agreement to Improve Water Supply and Sanitation
10-Jun-2011 - The African Development Bank (AfDB) and the Zimbabwean government have signed a US $30 million grant agreement in support of the urgent water supply and sanitation rehabilitation project (UWSSRP) in the country. The UWSSRP is financed from the Zimbabwe Multi-Donor Trust Fund (the Zim-Fund).
La Côte d’Ivoire et la BAD signent des dons et prêts pour 200 millions de dollars
10-Jun-2011 - «J’invite la communauté internationale, ainsi que les amis de la Côte d’Ivoire à soutenir le processus de réconciliation nationale », a déclaré le président Donald Kaberuka à Lisbonne. Le Groupe de la Banque africaine de développement et la Côte d’Ivoire ont signé le vendredi 10 juin 2011, à Lisbonne, dans le cadre des Assemblées annuelles de la BAD, plusieurs accords de dons et prêts.