29-Oct-2009 - Tunis, 22 October 2009—The African Development Bank (AfDB) and the Government of Japan have approved a grant of USD 1,000,000 to the African Trade Insurance Agency (ATI) from the Fund for African Private Sector Assistance (FAPA). ATI is a multilateral financial institution, created in 2001, providing export credit insurance, political risk insurance, investment insurance and other financial products to help reduce the business risks and costs of doing business in Africa.
23-Oct-2009 - Tunis, le 23 octobre 2009 – Le Groupe de la Banque africaine de développement (BAD), le gouvernement français et le Fonds international de développement agricole (FIDA) ont lancé à vendredi 23 octobre à Paris un Fonds fiduciaire multilatéral dédié aux transferts de fonds des migrants.
Le Groupe de la Banque africaine de développement (BAD), le gouvernement français et le Fonds international de développement agricole (FIDA) ont lancé à vendredi 23 octobre à Paris un Fonds fiduciaire multilatéral dédié aux transferts de fonds des migrants.
23-Oct-2009 - Tunis, 23 October 2009 – An agreement establishing a multilateral Trust Fund to improve African migrant remittances was signed on Friday, 23 October 2009 in Paris by the African Development Bank (AfDB) Group, the French government and the International Fund for Agricultural Development (IFAD).
The agreement was signed by the AfDB President, Donald Kaberuka; the French Immigration, Integration and Cooperative Development Minister, Eric Besson and IFAD’s Director for West and Central Africa, Mohamed Béavogui.
22-Oct-2009 - Tunis, Tunisia, 21 October 2009 – The African Development Bank (AfDB) Group and the Malawi Government signed a USD 60 million (UA 38.42 million) loan and grant agreements on Wednesday, 21 October 2009 in Tunis, to enable the country improve its road network.
15-Oct-2009 - Tunis, 15 October 2009 – The African Development Bank (AfDB) Group Board of Directors has approved a UA 53.59 million African Development Fund (ADF) loan, equivalent to US$ 85 million, to finance the Awoshie-Pokuase Road and Community Development Project in Ghana.
The project is designed to provide integrated solutions to urban development in Accra, one of the main challenges of Ghana. With more than 40 percent of its population living in urban areas, Ghana is one of the most urbanized countries in Africa.
14-Oct-2009 - Tunis, 14 October 2009 - The Tunisian Electricity and Gas Company (Société Tunisienne d’Electricité et du Gaz (STEG)) and the African Development Bank (ADB) Group on 13 October 2009 signed a loan contract of 47.570 million Euros (equivalent to DT 90 million) for the partial financing of the Electricity Distribution Networks Rehabilitation and Restructuring Project for an overall cost estimated at DT 112 million. The signing ceremony took place at the Tunisian Ministry of Development and International Cooperation in Tunis.
09-Oct-2009 - Tunis, le 7 octobre 2009 – Le Conseil d’administration de la Banque africaine de développement (BAD) a approuvé, le 6 octobre 2009 à Tunis, l’octroi d’un don d’un montant de 579 558 Unités de comptes (UC), soit l’équivalent de 625 923 euros, afin de financer une étude de protection contre les inondations des zones nord et est du grand Tunis.
07-Oct-2009 - Tunis, 7 October 2009 – The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday, 7 October 2009 in Tunis, a loan of Euro 53.33 million, equivalent to 48.56 million Units of Account (UA) to finance the Gabal El Asfar Waste-water Treatment Plant (GAWWTP) Project in Cairo, Egypt.
The project objective is to improve the quality of waste-water discharged into the drainage system in Cairo East, thereby contributing to improved sanitation and a clean environment for nearly 8 million people living in the area.
06-Oct-2009 - Sunday, Istanbul, 5 October 2009 - Japan and the African Development Bank (AfDB) have committed a grant of USD 1,000,000 to the African Training and Management Services Project (ATMS) from the Fund for African Private Sector Assistance (FAPA). In a ceremony organized on the side of the World Bank/IMF Annual Meetings in Istanbul, a grant agreement was signed today by AfDB Private Sector Operations Director, Mr. Tim Turner and ATMS Chairman Mr. J. Berteling.
06-Oct-2009 - Sunday, Istanbul, 5 October 2009 - Japan and the African Development Bank (AFDB) have committed a grant of USD 500,000 to the African Business Roundtable (ABR) from the Fund for African Private Sector Assistance (FAPA). In a ceremony organized on the side of the World Bank/IMF Annual Meetings in Istanbul, a grant agreement was signed by AfDB Private Sector Operations Director, Mr. Tim Turner and ABR President Dr. Bamanga Tukur.
05-Oct-2009 - Tunis, 5 October 2009 – The African Development Bank (AfDB) Group welcomes South Korea’s decision to temporarily make available USD 306.1 million to the AfDB to enable the institution to respond to African countries’ financial demands, which have risen considerably following the global financial crisis.
01-Oct-2009 - Tunis, 30 September 2009 – As part of its 2009 borrowing program, the African Development Bank successfully executed a USD 1 billion benchmark global bond issue in the international market. The 3-year bond, lead managed by Credit Suisse, Deutsche Bank, Goldman Sachs and Morgan Stanley, was priced at mid swap flat and carries a coupon of 1.75%.
30-Sep-2009 - Tunis – 28 September 2009 - The African Development Bank Group (AfDB) and Main One Cable Company signed a loan agreement of USD 61 million towards the development of a submarine fiber optic cable connection along the West African coast. With this investment, the Bank has further expanded its wide support for African ICT projects following investments in the East African “EaSSy” submarine cable and the two satellites Rascom and New Dawn.
30-Sep-2009 - The AfDB and the Korea Public Procurement Service (PPS) on Tuesday, September 29, 2009, in Tunis signed a memorandum of understanding (MOU) to enhance collaboration on public procurement reforms. The MOU was signed by OSVP Vice President, Aloysius Ordu, and the Korea Public Procurement Service (PPS) Administrator, Tae-Kyun Kwon.
28-Sep-2009 - The Government of Japan and the African Development Bank (AfDB) have approved a grant from the Fund for African Private Sector Assistance (FAPA) of USD 178 579 to provide technical assistance to Banque Congolaise de l’Habitat.
28-Sep-2009 - Tunis, 25 September 2009 - The Board of Directors of the African Development Fund (ADF), on Friday, 25 September 2009 in Tunis, approved a loan of UA 80 million, equivalent to US$ 125.6 million, to finance the Road Sector Support Project 3 (RSSP3) in Uganda.
25-Sep-2009 - Tunis, 25 September 2009 – The Board of Directors of the African Development Fund (ADF), the concessionary window of the African Development Bank Group (AfDB) approved, Friday, 25 September 2009 in Tunis, a grant of 30 million Unit of Accounts (UA), equivalent to 47 million USD, to finance the Bugesera Natural Region Rural Infrastructure Project (Bugesera PAIR).
25-Sep-2009 - Tunis, 25 September 2009 – The Board of the African Development Bank (AfDB) Group approved today an important financial package worth USD 190 million to link up Congo and Cameroon. This funding from the African Development Fund, the concessional window of the AfDB Group, comprises a grant of 61.9 million Units of Account (USD 97 million) and a loan of UA 59.27 millions (USD 93 million).
25-Sep-2009 - Tunis, September 25, 2009 - The African Development Bank (AfDB) Group welcomes Canada's decision to temporarily make available USD$2.6 billion [CAD$2.8 billion] to AfDB to enable the institution address the challenges resulting from the impacts of the international financial crisis on African economies.
24-Sep-2009 - As joint Coordinating Banks (the "Coordinating Banks"), Ghana International Bank, Natixis, Société Générale Corporate & Investment Banking and Standard Chartered Bank are pleased to announce that the Ghana Cocoa Board ("COCOBOD") USD 1.2 Billion Receivables-Backed Pre-Export Finance Term Loan was signed in Paris on 25th September, 2009. Read the full cummuniqué
