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ADF Promotes Quality of Agricultural Production in Ghana

13-Jul-2005 - Tunis, 13 July 2005 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group, approved in Tunis on Wednesday, a loan of 17 million Units of Account* (US$ 24.7 million) to finance the Export Marketing and Quality Awareness Project in Ghana. The project will contribute towards the goal of increasing the export earnings of non traditional agricultural products. The objective of the project is to increase incomes of horticulture crop farmers and exporters and of cassava...

ADF contributes to Basic Education Development in Guinea

13-Jul-2005 - Tunis, 13 July 2005 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group, approved today in Tunis a grant in favour of Guinea of 14 million Units of Account* (US$ 20.6 million) to finance Support for Development of Basic Education (Education IV Project).

ADF contributes to Road Network Improvement in Guinea

13-Jul-2005 - Tunis, 13 July 2005 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group,  approved today in Tunis a grant in favour of Guinea of 8.25 million Units of Account* (US$ 12.2 million) to finance Tombo-Gbessia Road Improvement Project.

Bank Staff Sensitization on NEPAD and APRM

11-Jul-2005 - The seminar was organized in Tunis, Tunisia on July 11-12th, in collaboration with the Bank's Human Resources Department. The purpose of the workshop was to sensitize Management and Staff on the NEPAD programs, and draw their attention, in particular, to the upcoming challenges in the implementation of the NEPAD and the APRM programs for the Bank. Staff also exchanged views on how to better internalize the programs in Bank operations.

Review of the NEPAD Short Term Action Plan for Infrastructure

10-Jul-2005 - The AfDB NEPAD Unit is organizing, from Wednesday July 13th to Friday July 15th 2005, a workshop on the ‘Review of the NEPAD Short Term Action Plan for Infrastructure". This seminar is co-organized with the NEPAD Secretariat. The African Development Bank is the lead agency for the development of infrastructure under the New Partnership for Africa’s Development (NEPAD) Initiative. In particular, the Bank provides technical assistance and advisory services to the NEPAD Secretariat in support of the implementation of the infrastructure programs...

The Honorary Chairman of the World Water Council nominated Head of the African Water Facility

08-Jul-2005 - Tunis, 8 July 2005 – At the occasion of the Water Facility Inaugural Governing Council Meeting, organized by the African Development Bank (ADB) on 8 July 2005 in Tunis, the Facility Governing Council has nominated its first President.  Dr. Abu Zeid, current Minister of Water Resources and Irrigation in Egypt, Honorary Chairman of the Founding Committee of the World Water Council (WWC), also Acting President of the Arab Water Council (AWC) will chair the African Water Facility Governing Council for one year term. The gathering was attended,...

The African Development Bank launches the African Water Facility in Tunis

07-Jul-2005 - Tunis, 7 July 2005 – The African Development Bank (ADB) organizes on 8 July 2005 at Sheraton Hotel Tunis the African Water Facility Inaugural Governing Council Meeting. This important event will gather the African Ministers Council on Water (AMCOW) representatives, the ADB President, Mr. Omar Kabbaj, the Tunisian Secretary of State in charge of Water Resources and Fishery, Mr.

Signature of a Cooperation Agreement between the ADB and the Central African Economic and Monetary Community: Strengthening Regional Integration

06-Jul-2005 - Tunis, 6 July 2005 – The African Development Bank (ADB) the Central African Economic and Monetary Community (CEMAC) today signed in Tunis, a Cooperation Agreement aimed at strengthening regional integration of the CEMAC member countries.  The agreement provides for the implementation of concerted programmes of action, consultations and exchange of information. The Agreement was signed by Mr. Omar Kabbaj, President of the Bank Group and Mr. Jean Nkuété, Executive Secretary of CEMAC, who was accompanied by Mr. Mohamadou, Head of the Office of...

ADF Supports Communal Forests Management in Benin

06-Jul-2005 - Tunis, 6 July 2005 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group,  approved today in Tunis a loan in favour of Benin of 35 million Units of Account (UA*) equivalent to US$ 51.6 million to finance the Communal Forests Management Support Project (PAGEFCOM). The project will contribute towards poverty reduction. Its specific objective is to contribute to the sustainable management of forest resources and to the improvement of the population’s incomes and living...

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

06-Jul-2005 - Tunis, 6 July 2005 –The Boards of Directors of the African Development Bank (AfDB) and the African Development Fund (ADF) today agreed that Zambia had effectively met the conditions and reached the completion point under the enhanced framework of the Heavily Indebted Poor Countries (HIPC) Initiative. The Bank Group will, as a result, provide irrevocable debt relief of US$ 224 million in nominal terms. Zambia will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered in July 2025.

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

06-Jul-2005 - Tunis, 6 July 2005 –The Boards of Directors of the African Development Bank (AfDB) and the African Development Fund (ADF) today agreed that Rwanda had effectively met the conditions and reached the completion point under the enhanced framework of the Heavily Indebted Poor Countries (HIPC) Initiative. The Bank Group will, as a result, provide debt relief of US$ 224 million in nominal terms. Rwanda will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered in July 2032.

Revival of Economic Activity in Casamance: ADF supports Roads Rehabilitation in Senegal

29-Jun-2005 - Tunis, 29 June 2005 – The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group, on Wednesday in Tunis approved a loan to Senegal of 29 million Units of Account (UA*) equivalent to US$ 43 million to finance the Road Maintenance Project. The main objective of the project is to improve the overall condition of the transport system. More specifically, the project will improve the repair and servicing of roads concerned, reduce transport costs and develop access to basic...