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The ADF helps improve Living Conditions in Rwanda

17-Nov-2004 - The three operations amounting to 36.66 million Units of Account (UA*), equivalent to 54.95 million US dollars will finance the Inland Lakes Integrated Development and Management Support Project (PAIGELAC) and the Poverty Reduction Strategy Support Loan phase 1. The agreements were signed by Mr. Bisi Ogunjobi, the ADB Group Vice President for West and Central Operations and Mrs. Monique Nsanzabaganwa, Secretary of State in charge of economic Planning of Rwanda.

African Countries, Donors, Civil Society Seek Ways to Maximize Development Outcomes

09-Nov-2004 - Tanzanian President Benjamin M’Kapa today opened the second Africa Workshop on Harmonization, Alignment and Managing for Results, urging participants to intensify the coordination and harmonization of their activities in order to accelerate development and poverty reduction, and facilitate the attainment of the Millennium Development Goals (MDGs).

Namibia, ADB Sign Loan Agreement: Enhancing Broader Access to Social Services

02-Nov-2004 - Enter your complete press release here..

ADF supports Burkina Faso to halt desert progression

27-Oct-2004 - In this aim, ADF has approved a loan of UA6.4 million (US$ 9.40 million) to finance the Community Investment Project for Agricultural Fertility (PICOFA). The project area, the Eastern region of Burkina, which is one of the poorest parts of the country, is confronted with this phenomenon of accelerated degradation of soils, natural resources and biodiversity in general, a phenomenon exacerbated in the last decades by the demographic growth impact. Over the time, this trend could cause poverty and social conflicts intensification.

ADB Group Helps Tanzania Fight Poverty

27-Oct-2004 - To this end, the Board of Directors of the African Development Fund (ADF), the concessional window of the Bank Group, on Wednesday in Tunis, approved a poverty reduction support loan of 50 million Units of Account (UA*), equivalent to 73.45 million US dollars for the country. This budget support for fiscal year 2004/2005 will help the government implement its poverty reduction programme and achieve broad-based economic growth. The assistance will focus on agriculture, rural development, human capital and institutional development and...

ADB Group Supports Rwanda’s Poverty Reduction Efforts

27-Oct-2004 - The support will come in the form of a loan of 21.9 million Units of Account (UA*), equivalent to 32.17 million US dollars, from the African Development Fund (ADF), the concessional window of the ADB, approved by its Board of Directors in Tunis on Wednesday. The government estimates that poverty currently affects 60% of the population. With the support of the ADB Group, the country achieved a two-digit growth rate between 1995-1997, and maintained an annual growth rate of 7.7% up to 2002, to overcome a 50% economic decline caused by the 1994...

New ADB Assistance Policy to Post-Conflict Countries: ADB Clears 35% of Burundi’s Arrears

27-Oct-2004 - The intervention comes in the form of a loan of 8 million Units of Account (US$ 11.8 million) approved today by the ADB Group. The fund will enable the ADF to immediately resume lending operations to the country. The new ADB Group assistance to post-conflict countries was approved on 19 July 2004.

ADF Supports Post-War Reconstruction in Sierra Leone - ADF Grant will strengthen Public Finance and Energy Sectors

20-Oct-2004 - The Board of Directors of the African development Fund (AfDF), the concessional window of the ADB Group, on Wednesday in Tunis, approved a grant of 2.79 million Units of Account (UA*), equivalent to 4.10 million US dollars to strengthen the country's public finance and the energy sectors. Sierra Leone witnessed a brutal war between 1990-2000 that displaced half of its population, disrupted the economy and destroyed the infrastructure including the public electricity supply system.

Regional Integration: ADF Seeks to Connect Dar Es Salaam to Kigali by Rail

20-Oct-2004 - The study on the Isaka (Tanzania) - Kigali (Rwanda) railway, for which the ADF today approved funding in the tune of 1.66 million Units of Account (US$ 2.4 million, equivalent to RWF 1.4 billion or TZS 2.6 billion), will contribute to the creation of a transport community program which is efficient and economical and which promotes regional economic integration. The study aims at determining the optimum solution for the operation of a railway line between Isaka and Kigali on the "Central Transport Corridor" with a view to opening up Rwanda.

Niger Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the AfDB

13-Oct-2004 - The Bank Group will, as a result, provide irrevocable debt relief of US$ 50.01 million in net present value (NPV) terms to the country. Niger will be released from up to 80 percent of annual debt service obligations to the Bank Group until the entire amount is delivered in July 2024.

African Development Fund Earmarks Support for Needy Zambian Children

13-Oct-2004 - The African Development Bank Group has decided to assist the government in its efforts to find a solution to this problem with a loan and a grant of 13.66 million Units of Account (UA*) equivalent to 20.06 million US dollars. The Board of Directors of the African Development Fund (ADF), the concessional window of the ADB, approved in Tunis on Wednesday, the loan of 9.77 million UA, equivalent to 14.35 million US dollars and the grant of 3.89 million UA, equivalent to 5.71 million US dollars to finance the child welfare project.

Ethiopia Reinforces Poverty Reduction Reforms with ADF Support

13-Oct-2004 - In order to tackle the challenges posed by these problems, the African Development Fund (ADF) is partnering with the Ethiopian Government in its efforts to enhance sustainable development and reduce poverty. The Fund has approved a loan of 60 million Units of Account (US$ 88 million) aimed to support the implementation of the Government’s Sustainable Development & Poverty Reduction Programme.

ADF Supports Rural Electrification in Senegal

13-Oct-2004 - This new intervention of the ADF, which has approved today a loan of 9.58 million units of account (US$ 14 million), will support a rural electrification project in the Senegalese region of Louga. The project will help improve the living conditions of rural populations through improved access to electricity and enhanced management capacity of sub-sector institutions, while promoting productive sectors (trade, cottage industries, stockbreeding, etc.).

Ethiopia Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the AfDB

13-Oct-2004 - The Bank will, as a result, provide irrevocable debt relief of US$ 339.5 million in net present value (NPV) terms to the country. Ethiopia will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered. In practical terms, its 2004 debt service obligations, for example, will fall from about US$ 41.33 million to about US$ 11.28 million. To reach completion point, the government had to fulfill three key conditions: - Completion and satisfactory implementation of its agreed Poverty Reduction...

ADF Supports Good Governance in Malawi

06-Oct-2004 - The Board of Directors of the ADF on Wednesday in Tunis approved a loan of 12 million Units of Account (UA), equivalent to 17.63 million US dollars in support of Malawi’s efforts to implement the policy reforms program aimed at promoting good governance in the country’s public sector.

ADF Supports the Nile Basin Initiative to strengthen the Water Sector in Member Countries

06-Oct-2004 - To support this Initiative, the African Development Fund (ADF) on 6 October 2004 inTunis, approved a grant amounting to 2.10 million Units of Account (UA), equivalent to 3.108 million US dollars which will be used to finance the Water Resources Planning and Management Project. The project will enable the NBI, in addition to the formulation of water policy, to undertake the following activities: - Water Resources Planning and Management; - Preparation of a computer based Decision Support System (DSS); - Regional coordination and Facilitation.

Le FAD soutient le développement de la pêche continentale au Mali

06-Oct-2004 - Le Projet d’appui au développement de la pêche continentale (Padepeche), adopté mercredi par le Fonds africain de développement, est une réponse à l’absence d’infrastructures de base, de centres de traitement et conditionnement, ainsi que la faible capacité des populations bénéficiaires et des services d’encadrement. Un prêt de 15 millions d’unités de compte (UC), équivalant à 22 millions de dollars EU (11,6 milliards FCFA), financera le projet.

ADF Supports Growth, Poverty Reduction and Good Governance in Cape Verde

06-Oct-2004 - The African Development Fund (ADF) has decided to support the process with a loan of 2.50 million Units of Account (UA*), equivalent to 3.67 million US dollars, approved by its Board of Directors in Tunis on Wednesday. The programme comprises four components: Consolidation of public finances; Strengthening of governance; Intensification of poverty reduction actions; and Elimination of structural constraints on growth and private sector development.

Rwanda Improves Food Security : An ADF project will help create 20,000 jobs

06-Oct-2004 - While improving the incomes of actors in the fisheries sub-sector in a sustainable manner, the project will contribute to strengthening food security in Rwanda, through a grant amounting to 1 million Units of Account (US$ 1.47 million or RWF 842 million) and a loan amounting to UA 13.76 million (US$ 20.21 million or RWF 11.6 billion).

AfDB encourages integration of Renewable Energy Development in its projects in Africa

30-Sep-2004 - Tunis, 30 September 2004 – The African Development Bank (ADB) will organize a Wind Energy Workshop on 28 and 29 October in Tunis to encourage the development of marketable Wind Energy potentials on the continent, in the framework of its support to Private Sector and Sustainable Development in Africa.

Foreign Investments Target Uganda’s Mining Sector

29-Sep-2004 - The ADF grant will be utilized to finance the procurement of goods and services for Airborne Geophysical Surveys (airborne data acquisition, compilation of information on surface and sub-surface geology, data processing, interpretation, quality control and publication of these data). It will also finance Laboratories and Geological Storage (procurement of relevant equipment for providing support services to mineral exploration and exploitation programs as well as setting up of rock sample labs and museum).

AfDB at the Service of Peace in West Africa

29-Sep-2004 - The Support to ECOWAS for Peace and Development Project will help strengthen the institutional capacities of ECOWAS and civil society in countries affected by conflict and to achieve better coordination, management and implementation of conflict prevention measures in the context of good governance.

African Development Fund Supports Construction of Feeder Roads in Burkina Faso

29-Sep-2004 - The loan of 15.71 million Units of Account (UA), equivalent to 22.95 million US dollars was approved by the Board of Directors of the ADF in Tunis on Wednesday to finance the Feeder Roads Project.

The African Development Fund Supports Rural Agriculture and Environment Protection in Uganda

29-Sep-2004 - The Board of Directors of the ADF on Wednesday approved a loan of 31.57 million Units of Account (UA*), equivalent to 46.12 million US dollars and a grant of 9.85 million UA, equivalent to 14.38 million US dollars to finance the Farm Income Enhancement and Forest Conservation Project in the country. The project aims to reduce poverty by improving incomes, rural livelihoods and food security, through sustainable natural resources management and agricultural enterprise. The project comprises three components:

ADF Supports Education in Cape Verde

29-Sep-2004 - The Board of Directors of the ADF on Wednesday in Tunis, approved a grant of 1 million Units of Account (UA), equivalent to 1.46 million US dollars to finance the Education institutional support project in the country. The project is intended to improve the quality of integrated basic education through the training and strengthening of human resources involved in the educational process. It will improve the management of schools and supervision of teaching as well as the qualification of basic education teachers with a view to enhancing human...

ADF Supports the Fight Against HIV/AIDS Among Refugees in West Africa

29-Sep-2004 - To help alleviate the plight of the refugees, the African Development Fund (ADF) has approved a multinational project in support of a Sub regional HIV/AIDS Programme for the Refugees, Internally Displaced People and their Host Communities in the Mano River Basin Countries and Côte D’Ivoire. A grant of US$ 3.4 million will contribute to this program. The overall goal of the project is to support the Mano River Basin Countries and Côte d’Ivoire to meet Objective 6 of the Millennium Development Goals (MDGs), which seeks to stop and begin to...

Benin Reinforces Road Network

29-Sep-2004 - The Board of Directors of the ADF on Wednesday in Tunis approved a loan of 7.80 million Units of Account (UA), equivalent to 11.39 million US dollars to help finance intra-city roads and ancillary projects in Benin. The Project aims at improving the Pobe-Ketou-Illara road and living conditions of the population of the area. It is intended to improve the level of service of transport infrastructure with a view to strengthening regional economic integration and contribute to growth in national and international trade. The projects includes:

Burkina Faso Enhances Governance

22-Sep-2004 - The Supplementary Poverty Reduction Strategy Support Program II, whose financing was today approved by the Board of Directors of the ADF, amounts to 15.50 million Units of account (US$ 22.64 million). The reforms under the Supplementary Program hinge on three themes: acceleration of growth by consolidating macro-economic stability and strengthening competitiveness; improving the access to basic social services for the poor; and promoting good governance.

ADF Supports Efforts to clear Invasive Aquatic Weeds in West Africa

22-Sep-2004 - In order to arrest this scourge, the African Development Fund (FAD) has approved a project on the Integrated Management of Invasive Aquatic Weeds in West Africa (IMIAW) for a total amount of US$11.76 million. This funding includes a loan of US$7.4 millions and a grant of US$1.45 million. The goal of the project is to ensure the sustainable management of the natural resources, especially the water resources, and optimize their contribution to social, economic and environmental development of the sub-region. The ECOWAS will implement the three...

ADF Supports Efforts to clear Invasive Aquatic Weeds in West Africa

22-Sep-2004 - In order to arrest this scourge, the African Development Fund (FAD) has approved a project on the Integrated Management of Invasive Aquatic Weeds in West Africa (IMIAW) for a total amount of US$11.76 million. This funding includes a loan of US$7.4 millions and a grant of US$1.45 million. The goal of the project is to ensure the sustainable management of the natural resources, especially the water resources, and optimize their contribution to social, economic and environmental development of the sub-region. The ECOWAS will implement the three...

AfDB Boards Returns from Summer Recess: Approves Project Loans and Policy Initiatives

08-Sep-2004 - On internal policy matters, the Board approved the establishment of an Economic and Technical Cooperation Unit within the Bank to provide strategic and policy support to the Bank's operations departments on regional integration matters and serve as the Bank's primary interlocutor with external agencies on regional integration issues.

AfDB Boards Returns from Summer Recess: Approves Project Loans and Policy Initiatives

08-Sep-2004 - On internal policy matters, the Board approved the establishment of an Economic and Technical Cooperation Unit within the Bank to provide strategic and policy support to the Bank's operations departments on regional integration matters and serve as the Bank's primary interlocutor with external agencies on regional integration issues.

ADF Helps Mali Improve its Balance of Payments

19-Jul-2004 - The ADF loan is a balance of payments support for use in financing goods and services imports originating exclusively from ADB Group member countries. Amounting to 8.6 million units of account (US$ 12.63 million), the loan will facilitate the implementation of additional reform measures under the third Structural Adjustment Programme (SAP III) and the new Cotton Sector Action Plan.

XIth Summit of NEPAD's HSGIC

07-Jul-2004 - The NEPAD's Heads of States and Governments Implementation Committee (HSGIC) meets on a regular basis to assess progress in NEPAD. The Bank participates in these meetings, as a core NEPAD stakeholder and technical adviser. During the XI th Summit, held in Addis Ababa, Ethiopia, the Bank's President made an intervention.

1st African Development Bank's Water Week

30-Jun-2004 - The Water Week aimed at engaging the stakeholders and partners in the African water sector, consolidating existing partnerships and creating new ones, as well as galvanizing broad support from both stakeholders and the wider international community to advance African water resources development and management. It was during the Water Week that the Rural Water Supply and Sanitation Initiative (RWSSI) and the African Water Facility (AWF) were officially launched.

High-Level Seminar on African Finance for the 21st Century

06-Apr-2004 - The Joint Africa Institute (JAI) recently in Tunis organized a High-Level Seminar on African Finance for the 21st Century. The seminar focused on financial sector development in sub-Sahara Africa and its contribution to economic development on the continent. The session focused on three themes: the development of financial institutions and markets; efficiency and soundness in the financial sector, and practical policymaking in weak institutional environments.

La BAD et la Guinée-Bissau signent un accord de don : Renforcement des capacités de gestion économique

01-Apr-2004 - M. Mohamed Gharbi, vice-président du Groupe de la Banque africaine de développement (Bad) chargé des opérations dans les régions Centre et Ouest, a estimé, lors de la cérémonie de signature, que « le renforcement des capacités humaines et institutionnelles est un besoin urgent pour le pays, en particulier dans le domaine de l’administration économique et financière ».

ADF, ECCAS sign grant agreement : institutional support project of the general secretariat of the ECCAS

17-Jan-2004 - The ADB Vice-President for Central and West operations, Mr. Bisi Ogunjobi and the ECCAS General Secretary, Louis Sylvain-Goma signed in Tunis a grant agreement of 2.59 million Units of Account (UA*), equivalent to 3.88 million US dollars to finance an institutional support project of the general secretariat of the ECCAS. The ADF grant will be used to revitalise and build the Secretariat’s ability to act in matter of economic integration and regional cooperation, through restructuring and implementation of its work programme.

Regional Economic Communities CEOs Seminar on NEPAD

29-Oct-2003 - The Bank organized this seminar, held in Abuja, Nigeria,  for the Chief Executive Officers of the Regional Economic Communities (RECs). It was focused at raising awareness of the RECs on NEPAD and discussing NEPAD initiatives implementation at the RECs level. During the seminar, the Bank presented an exposé on the issues linked to the implementation of regional and sub-regional infrastructure programmes; the Bank also presented the role of lead agencies in NEPAD programmes. Other participants made presentations on related topics.

TransAfrica 21

31-Mar-2003 - TransAfrica21 provides an annual meeting place for African government ministers, parastatal executives, and the international transport community to discuss investment and business opportunities associated with restructuring, privatization and private-sector participation in Africa's railways, ports, roads and airports are discussed. Over 200 delegates from 26 countries attended the Forum.

Meeting in Support to the NEPAD Initiative

06-Mar-2003 - The seminar was organized by the French Development Agency (Agence française de Développement - AfD), under the theme "For a Continental Infrastructure Policy". During the meeting, the Bank was asked to present the Infrastructure Action Plan.

New Dawn for Africa? Who is Supporting the NEPAD

14-Jan-2003 - This International Policy Dialogue Conference was organized by the Development Policy Forum of InWent (Capacity Building International) of Germany, the German Chancellor's G8 Personal Representative for Africa, the German Federal Ministry for Economic Cooperation and Development and the German Federal Foreign Office. The Bank's President intervened on the topic of Capital Flows.

Conference of African Ministers of Finance, Planning and Economic Development

19-Oct-2002 - The Conference was organized by the United Nations Economic Commission for Africa in Johannesburg, Republic of South Africa, under the theme "Accelerating Africa's Performance and Progress: the Challenge of NEPAD". Among the topics discussed, the Bank intervened to discuss the linkages between NEPAD initiatives and the Development Finance Institutions (DFIs).

Presentation of the NEPAD initiative to the NGOs

11-Jul-2002 - A seminar took place within the Bank's Headquarters in Abidjan, Ivory Coast, to sensitize NGOs on NEPAD issues. At this occasion, the Bank discussed the NEPAD programmes and their impact on the continent.

Towards Realizing the Objectives of NEPAD

27-May-2002 - A symposium entitled "Towards Realizing the Objectives of NEPAD" was organized by the Bank during the Bank's Annual Meetings held in Addis Ababa, Ethiopia. A workshop for Central Bank Governors and Ministers was also held during the Annual Meetings.