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France signs landmark US $ 253 million loan agreement to boost African Development Fund
26-Dec-2017 - The African Development Fund (ADF) has signed a significant concessional donor loan agreement with the Government of France to the tune of $ 253 million as support for the 14th replenishment of the Fund.
Plus de 143 millions d’euros à la Tunisie pour renforcer sa transformation numérique
26-Dec-2017 - Le directeur général du Groupe de la Banque africaine de développement (BAD) pour l’Afrique du Nord, Mohamed El Azizi, et le ministre tunisien du Développement, de l’Investissement et de la Coopération internationale, Zied Laadhari, ont procédé, le 21 décembre 2017 à Tunis, à la signature de deux accords de prêts relatif, d’une part, au projet d’appui au développement des compétences techniques et technologiques et d’autre part, à celui visant à soutenir la mise en œuvre du plan National Stratégique-Tunisie Digitale 2020.Togo : Coup de pouce de plus de 7,47 milliards de CFA de la Banque africaine de développement à l’agrobusiness
22-Dec-2017 - L’année 2017 s’achève sur une bonne nouvelle pour les hommes d’affaires, l’Etat et les services techniques en charge du secteur agricole au Togo. Près de 7,47 milliards de FCFA devraient être décaissés par le Groupe de la Banque africaine de développement (BAD) dans le cadre de la mise en œuvre du Programme d’appui à la promotion de l’agrobusiness (PAGPA).TIC en Afrique : 16,7 millions d’euros de la Banque africaine de développement pour le désenclavement digital de la Centrafrique
21-Dec-2017 - L’enclavement numérique de la Centrafrique devrait trouver prochainement une solution. La Banque africaine de développement (BAD) a en effet décidé, vendredi 15 décembre 2017, à Abidjan, en Côte d’Ivoire, d’accorder un don de 16,7 millions d’euros afin d’assurer le financement de la composante centrafricaine du projet de la Dorsale à fibre optique d’Afrique centrale (CAB). L’Union européenne (UE) contribuera, pour sa part, à hauteur de 16,6 millions d’euros à ce projet d’un coût total d’investissement de 33,3 millions d’euros.African Development Bank to raise USD 8 billion from capital markets in 2018
21-Dec-2017 - The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for USD 8 billion to be raised from capital markets. The Bank provides financial assistance to its member countries by mobilizing resources primarily from the capital markets under its annual borrowing program.
Building the next generation of African agricultural economists
21-Dec-2017 - Building the next generation of African agricultural economists was one of the key highlights of a Structural Transformation of the African Agriculture and Rural Spaces (STAARS) workshop at the headquarters of the African Development Bank, from December 11-12, 2017.African Development Bank supports small businesses in East Africa with US $ 15 million
21-Dec-2017 - The Board of Directors of the African Development Bank has approved an equity investment of US $15 million in Catalyst Fund II, a second-generation private equity fund investing in mid-market companies in East Africa.Sustainable Energy Fund for Africa improves waste-to-energy electricity in Kenya with US $1 million grant
21-Dec-2017 - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a grant of US $ 995,000 to Asticom Kenya Ltd., to support the construction of a 10 megawatt (MW) grid-connected municipal waste-to-energy (WTE) plant.Egypt gets US$ 150m from the African Development Bank to Upgrade Water Treatment Plant
21-Dec-2017 - In support of the Egyptian Government’s efforts to ensure safe living conditions, the African Development Bank has approved financing amounting to US$ 150 million for the expansion of the essential waste-water treatment plant at Abu Rawash in the Giza Governorate. The funding targets a total treatment capacity of 1.6 million m3/day, intended to benefit over eight million people.Sustainable energy: African Development Bank approves US $ 20m support to Evolution Fund II
20-Dec-2017 - As part of its wider mandate under the New Deal on Energy for Africa, the Board of Directors of the African Development Bank on December 15, 2017, approved an investment of US $20 million in the Evolution II Fund −a Pan-African clean and sustainable energy private equity fund.African Development Bank and Government of Mozambique light up 80,000 households and businesses
20-Dec-2017 - “The expansion of the Dondo substation will not just light up households and family units. It will also power the industrial growth of the Sofala and Manica provinces, creating more dynamic markets for agricultural commodities and ultimately contribute to job creation and the economic growth of the country,” Filipe Nyusi, President of the Republic of Mozambique said at the commissioning ceremony of the Electricity IV Project at Dondo District in Mozambique.New Mozambican rail, port project to open new markets for farm produce, boost regional integration
20-Dec-2017 - The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project. The Bank will support the project with US $ 300 million from its Private Sector Window.
Economic transformation of Africa’s rural areas key to curtailing migration
18-Dec-2017 - On the occasion of International Migrants Day, December 18, the African Development Bank calls on African countries to reconstruct rural areas from zones of economic misery to zones of economic prosperity. This will in turn expand economic opportunities for African youth, leading to improvements in their lives, thereby stemming migration. Greater economic opportunities will motivate African youth to stay on the continent and live a meaningful life.Continental initiatives drive Africa’s infrastructure growth
17-Dec-2017 - Continental initiatives are driving the new growth in infrastructure demand in Africa. This was the message conveyed to donor partners at the 23rd Oversight Committee (OC or Board) Meeting of the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund hosted by the African Development Bank (AfDB).African Development Bank approves vital LDCF-financed climate change adaptation program in the Horn of Africa
16-Dec-2017 - On December 15, 2017, the African Development Bank (AfDB) approved the program “Multinational (Somalia/Sudan) Rural Livelihoods Adaptation to Climate Change in the Horn of Africa II (RLACC II)”. The program is funded by the Least Developed Countries Fund (LDCF) of the Global Environment Facility (GEF) for a total amount of US $17 million.
African Development Bank strengthens Ethiopia’s debt management capacity
15-Dec-2017 - The African Development Bank conducted the first of a series of capacity development sessions on debt management for Ethiopia from December 4-8, 2017 in Addis Ababa. The training covers several themes including loan negotiations and management, domestic debt and capital markets development, and enhancement of analytical and evaluation advisory capacity, among others.
ALSF and Strathmore University award certificates to 36 students and nine Legal Research Team members
14-Dec-2017 - As African governments seek to leverage their mineral resources strategically for broad, inclusive development – in alignment with the Africa Mining Vision—the need for strong and sustainable legal capacities in the extractive industry is more important than ever. This fact made the graduating ceremony of the African Mining Legislation Atlas (AMLA) cause for even greater celebration.EUR 500 million 0.250% 7-year Social Bond Transaction - Due 21 November 2024
13-Dec-2017 - Final terms of the transaction Issuer African Development Bank Ratings Aaa / AAA / AAA (Moody’s / S&P / Fitch) Principal Amount EUR 500,000,000 Pricing Date 14 November 2017 Settlement Date 21 November 2017
Improving transportation in Namibia: African Development Bank approves ZAR 2,000 million for rail and road works
13-Dec-2017 - To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of ZAR 2,000 million (US$ 153 million) to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country. The support will also finance the upgrade of a section of the road from the capital, Windhoek, to its international airport.