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African Development Bank approves €8 million technical assistance grant to support preparation of Ruzizi IV Hydro Power Project in the Great Lakes region
13-Jan-2020 - The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity to the DRC, Burundi and Rwanda.African Development Bank sponsored Off-Grid Energy Access Fund reaches final equity close with partner contributions
10-Jan-2020 - The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies.
African Development Bank approves $20 million investment in Metier Fund to support renewable energy in Sub-Saharan Africa
07-Jan-2020 - The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa.
La Banque africaine de développement octroie un don de 976000 euros pour le Projet d’appui au démarrage du marché financier unifié d’Afrique centrale
02-Jan-2020 - Le Gouverneur de la Banque des Etats de l’Afrique Centrale (BEAC), Abbas Mahamat Tolli et le Responsable-Pays du Groupe de la Banque africaine de développement (BAD) au Cameroun, Solomane Koné, ont procédé le 21 décembre 2019 à Douala, au Cameroun, à la signature
La Banque africaine de développement et le Cameroun signent un Accord de prêt de 80,4 millions d’euros au titre de la Phase III du Programme d’appui à la compétitivité et la croissance économique
27-Dec-2019 - Le Ministre de l’Economie, de la Planification et de l’Aménagement du Territoire, Gouverneur du Groupe de la Banque africaine de développement pour le Cameroun, Alamine Ousmane Mey et le Responsable-Pays de la Banque africaine de développement au Cameroun, Solomane Kone, ont procédé, le 19 décembre 2019 à Yaoundé, à la signature d’un accord de prêt pour le financement de la troisième phase du Programme d’appui à la compétitivité et la croissance économique (PACCE III), en présence du Ministre camerounais des Finances, Louis-Paul Motaze.
Funding options for African countries hit by climate change: Africa Climate Change Fund shows results
23-Dec-2019 - The debate around climate change often focuses on the targets that need to be achieved. Another aspect of the discussion is increasingly gaining attention; that is the funding required, for African countries in particular, where climate change has hit the hardest. The Africa Climate Change Fund (ACCF) recently convened an event titled “Supporting African countries to unlock and absorb climate adaptation finance” at the 25th edition of the Conference of the Parties (COP 25) in Madrid, Spain.
‘Let West Africa’s success echo throughout the world.’ ECOWAS hails the success of African Development Bank investments in the region
23-Dec-2019 - The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said the Bank had provided “invaluable technical and financial interventions…in the implementation of numerous projects and programmes”.
ECOWAS endorses Adesina for second term as President of the African Development Bank
23-Dec-2019 - The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the institution. The decision was announced at the end of the fifty-sixth ordinary session of the Authority of Heads of State and Government of ECOWAS, held on Saturday in Abuja, Nigeria.Tanzania: African Development Bank’s $55 million facility to jumpstart private sector-led economic growth
23-Dec-2019 - The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in the country’s growth. These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor and vulnerable, and including women and youth.
Global Gender Summit 2019: Climate investment funds can cushion women from adverse effects of climate change
23-Dec-2019 - Gender-sensitive climate action can help reduce women’s vulnerability to climate change, according to experts. The topic arose during the Global Gender Summit in Kigali, hosted by the African Development Bank and the government of Rwanda. Panelists discussed gender and social risk management, livelihood diversification and institutional strengthening, at a session entitled “Gender responsive climate action: experience from the Climate Investment Funds,” held on 26 November.Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation
23-Dec-2019 - The African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of maintenance and repair workshops for the pumps, and the supply of equipment for a pump testing laboratory to provide certification and training.Cameroun : la Banque africaine de développement soutient la phase 3 de la Ring Road pour près de 180 millions d’euros
21-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, mercredi 18 décembre 2019, un prêt de 255 millions d’euros pour le financement du « Programme d’appui au transport- phase 3 – construction de la Ring Road- tranche 2 du financement Bad ». La Ring-Road couvre environ 365 km et traverse cinq des sept départements de la Région du Nord-ouest. La route comprend également plusieurs raccordements à la frontière nigériane, notamment à partir de Misaje.
Getting onboard: A new highway along the Nigeria-Cameroon border is helping women commuters and villagers all around
20-Dec-2019 - Women commuters along the Nigeria-Cameroon border are breathing a sigh of relief. Before the construction of a cross-border road in the southeast of Nigeria and northwestern Cameroon, women struggled to get seats on public transport; drivers favored male passengers because they could help push stuck vehicles out of the mud. The Enugu-Bamenda Highway has put a stop to this gender discrimination and changed the lives of those on either side of the border in other ways too.
Looking back at 2019: Key moments
20-Dec-2019 - The year 2019 was a year of exciting firsts for the African Development Bank Group. The year was marked by innovation and several new milestones that brought us closer to the “Africa we want.” The Bank pushed its High 5 strategy forward in tandem with the African Union’s Agenda 2063 and the UN’s Sustainable Development Goals.
Burundi : la Banque africaine de développement et le gouvernement signent deux accords de 29,7 millions d’euros de dons pour le secteur de l’énergie, sur les ressources mobilisées auprès de l’Union européenne.
20-Dec-2019 - Bujumbura (Burundi), le 20 décembre 2019 – La Banque africaine de développement et le gouvernement burundais ont signé, ce vendredi à Bujumbura, capitale économique du Burundi, deux accords de dons sur les ressources mobilisées auprès de l’Union européenne en faveur du secteur de l’énergie du pays.Gabon : la Banque africaine de développement accorde un prêt de 140 millions d’euros pour le développement des infrastructures
20-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé, ce jeudi à Abidjan, un prêt de 140 millions d’euros destiné à financer la phase 1 du projet d’appui au secteur des infrastructures (PASIG) au Gabon.
Togo : la Banque africaine de développement et l’Union européenne apportent 12 millions d’euros pour l’électrification des zones rurales
19-Dec-2019 - La Banque africaine de développement, l’Union européenne et le gouvernement togolais ont signé un accord de quelque 12 millions d’euros, mardi 17 décembre à Lomé, dans le cadre du projet d’appui au volet social du programme CIZO d’électrification rurale du Togo (PRAVOST).Tanzania: African Development Bank lends $272 million for construction of Msalato International Airport
19-Dec-2019 - The Board of Directors of the African Development Bank has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. The funding package, approved on Wednesday, comprises a $198.6 million loan from the Bank, $23.52 million from the African Development Fund (ADF) and $50 million in co-financing with the Africa Growing Together Fund (AGTF) — a co-financing facility of the People’s Republic of China managed by the Bank. The new airport will be built in the district of Msalato, 12...Sénégal : la Banque africaine de développement soutient pour 43,1 millions d’euros le Projet agropole Sud en Casamance
19-Dec-2019 - Le Conseil d'administration de la Banque africaine de développement a approuvé 43,1 millions d’euros en faveur du Projet de zone de transformation agro-industrielle (PZTA-Sud ou Agropole Sud). Le projet Agropole Sud est situé dans la région naturelle de Casamance (Ziguinchor, Sédhiou et Kolda), au Sud du Sénégal et qui recèle d’importantes potentialités agro-industrielles.