ADF

06-Aug-2019

African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor

Addis Ababa, Ethiopia, 5 August 2019 - The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project. The agreement was signed by Ahmed Shide, the Minister of Finance, on behalf of the government of Ethiopia, and Abdul Kamara, the African Development Bank Group’s country manager in Ethiopia. The total cost of the project is $255 million, comprising an ADF grant of $98 million to the government of Ethiopia, an ADF grant...
24-Jul-2019

AMI - Burundi - Ingénierie et Supervision des travaux - Projet d’interconnexion des réseaux électriques du Burundi et du Rwanda dans le cadre du NELSAP

La République du Burundi a reçu des financements du Groupe de la Banque Africaine de Développement en provenance du Fonds Africain de Développement (FAD) et de la Facilité d’Appui à la Transition (FAT) ainsi que de l’Union Européenne (UE) afin de couvrir le coût du Projet d’interconnexion des réseaux électriques du Burundi et du Rwanda dans le cadre du NELSAP. Le Gouvernement du Burundi a l’intention d’utiliser une partie des sommes accordées au titre de ces dons pour financer le contrat pour l’ingénierie et la supervision des travaux de construction de la ligne de transport et de l’...
24-Jul-2019

Integrating Africa’s financial markets: African Development Bank and Egypt’s Stock Exchange hold investor roundtable for the African Domestic Bond Fund

The Egyptian Exchange (EGX) and the African Development Bank have jointly organised an investor roundtable in Cairo to promote the African Domestic Bond Fund (ADBF), set up to improve the liquidity and transparency of African local currency bond markets – a key step in expanding the continent’s capital markets, with Egypt playing a leading role.   The event held 21-22 July, was well attended by a wide range of financial groups including representatives of the Egyptian asset management and investment industry such as the Egyptian Capital Markets Association, Egyptian Investment...
24-Jul-2019

IFB - Mozambique - Job Creation and Livelihood Improvement Project

The Government of Mozambique has received a loan from the African Development Bank ADF in various currencies towards the costs of Job Creation and Livelihood Improvement Project.  It is intended that part of the proceeds of this loan will be applied to eligible payments under the contracts (i) Design, supply and installation of feed processing factories, incubators and slaughter house in Niassa Province and (ii) Design, supply and installation of incubators and slaughter houses in Zambézia Province - Mozambique.
22-Jul-2019

Somalia: African Development Bank Group approves $28.86 million for water and sanitation and roads infrastructure

Abidjan, Cote d’Ivoire, 22 July 2019 – The African Development Bank Group’s Board of Directors on 19 July 2019 approved grants of $28.86 million for water and sanitation and roads projects designed to improve livelihoods in Somalia and boost the East African country’s resilience. The grants, consisting of $11.99 million from the Bank’s Transition States Facility (TSF) for an urban water and sanitation project for the Kismayo and Baidoa towns, and $16.86 million for the rehabilitation of roads, underscore sustained efforts by the Bank Group, especially the African Development Fund (ADF), to...
08-Jul-2019

African Development Bank Adesina invites Madagascar President Rajoelina to become a Nutrition Champion

On a recent trip to the island nation of Madagascar, African Development Bank President Akinwumi Adesina invited Madagascar President Andry Rajoelina to become a Nutrition Champion and join the fight against stunting on the continent. The call came as the two toured the newly renovated districts of Tsaramasay, Ankorondrano Andrefana and Ankorondrano Andranomahery, among the most disadvantaged areas around the capital Antananarivo. Adesina also attended an inauguration ceremony for the re-opening of the districts. Following major rehabilitation undertaken by the government, life has...
03-Jul-2019

ADF investing in life-changing projects, delivering impressive results

02-Jul-2019

“Nations may go through fragility, but they can exit and become stable, dynamic, prosperous and resilient to debilitating shocks,” says Akinwumi Adesina, President of the African Development Bank

African Development Bank President Akinwumi Adesina has called for greater financial resources to expand the work of the African Development Fund, the concessional window of the Bank Group. Adesina made the appeal on Tuesday during the opening ceremony of a meeting to discuss the 15th replenishment of the Fund, held from 1 to 3 July in Antananarivo, the capital of Madagascar. Adesina said the Fund had played a substantial role in fragile African countries. The opening ceremony of the meeting was attended by representatives of the Fund’s 33 donor countries, as well as Andry Rajoelina...
02-Jul-2019

Speech Delivered by President Akinwumi A. Adesina of the African Development Bank Group at the Second Consultative Meeting of the 15th Replenishment of the African Development Fund, held in Antananarivo, Madagascar, July 2, 2019

Your Excellency, President Andry Rajoelina, President of the Republic of Madagascar,  Honorable Ministers, Senior Members of the Government, African Development Fund (ADF) Deputies, Members of Board of Directors, Senior Management and Staff of the African Development Bank Group, distinguished ladies and gentlemen.  It gives me great pleasure to be here in Madagascar, a country I love and a country to which I am personally attached. I welcome you all, Deputies of the ADF and Governors of the Bank, to the second meeting of the Deputies for the 15th...,
01-Jul-2019

Madagascar : le Fonds africain de développement engage près de 1,2 milliards de dollars dans le développement

Le président du Groupe de la Banque africaine de développement, Akinwumi Adesina, est arrivé ce jour à Antananarivo, Madagascar, où il a été accueilli par le ministre de l’Economie et des finances, Richard Randriamandrato. Cette visite s’inscrit dans le cadre de la deuxième réunion consultative sur la Quinzième reconstitution du Fonds africain de développement (FAD-15) qui se tiendra dans la capitale malgache, du 1 au 3 Juillet 2019. Adesina s’est félicité du « mariage de...
27-Jun-2019

Ghana: African Development Fund loans $81.7 million for Eastern Corridor Development Programme

The African Development Fund (ADF) has approved an $81.67 million loan to co-finance sections of the 695-km Eastern Corridor road in Ghana, linking the capital, Accra with the northern hinterland and across the borders to the Sahel region. The decision was taken by the African Development Bank Group’s Board of Directors at a meeting on Wednesday. Other lenders for the project are the Opec Fund for International Development, the Ghanaian Government and the Japan International Cooperation Agency, which is financing a connecting bridge across the Volta River. The $113.27 million project...
19-Apr-2019

La Banque africaine de développement soutient la lutte contre le travail des enfants dans les mines de cobalt en RDC

Pour lutter contre le travail des enfants dans les mines de cobalt en République démocratique du Congo (RDC), la Banque africaine de développement a approuvé, mercredi 17 avril 2019, un financement de 84,36 millions de dollars américains en faveur du Projet d’appui au bien-être alternatif des enfants et jeunes impliqués dans la chaîne d’approvisionnement du cobalt (PABEA-Cobalt). Les administrateurs du Groupe de la Banque africaine de développement ont donné leur feu vert à cette aide, composée d’un prêt de 45,19 millions de dollars et d’un don de 32,14 millions de dollars, au titre de la...
20-Mar-2019

Daily, across Africa, the African Development Fund’s interventions are making a difference in the lives of millions

From east to west, ADF-funded projects in infrastructure and livelihoods, are transforming economies and creating new linkages to promote regional integration, commercial exchanges and enhancing national food security. Senegal-Gambia: The ADF financed the construction of the landmark Senegambia Bridge, which now connects Senegal and The Gambia: a historic development, which will transform economic and trade opportunities between the two countries, promoting regional integration and reducing fragility. Liberia-Côte d’Ivoire: ADF investments are helping with post conflict recovery of...
02-Mar-2019

EOI– Individual consultant - Off-site PIFD Retreat

The African Development Bank seeks expressions of interest from suitably qualified individual consultants to provide services to the AfDB relating to the holding of PIFD off-site Retreat. The PIFD Retreat will take place in Abidjan over two days (4-5th July 2019) and will comprise a series of senior management interventions, guest speakers, panel discussions, and team-building exercises.
23-Jan-2019

Integrity in Development Projects: African Development Bank Debars ALG GLOBAL CONCEPT and its Managing Director for 36 Months, for Fraudulent Practices

The African Development Bank Group on January 23, 2019, announces the debarment of ALG Global Concept Nigeria Limited, a construction company registered in Nigeria and its Managing Director, Mr. Abuharaira Labaran Gero, for a period of 36 months. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that ALG Global Concept and its Managing Director engaged in numerous fraudulent practices in bidding for a construction contract under the Agricultural Transformation Agenda Support Program Phase One in Nigeria (ATASP-1), in the Federal Republic of...
30-Oct-2018

Tanzania: Alternative Learning and Skills Development Project

.greenbartitle h2 { background: #009653; } .more_iteration {display: none;} [alert type="success"] Key facts  Alternative Learning and Skills Development project financed with an African Development Fund (ADF) loan and grant totaling US$32.7 million. Over 1,000 community members (51 percent of them are women) received training in computer literacy, law and adult literacy in the Alternative Learning Centre. Graduates of the skills development centers, 19 micro finance institutions and Savings and Credit Cooperatives (SACCOS) in Zanzibar benefitted...
26-Oct-2018

Malawi: The African Development Bank approves US$ 15 million grant for Nkhata Bay Town Water Supply and Sanitation Project

The African Development Bank Group, has approved a US$15 million grant from the African Development Fund (ADF) for a water supply and sanitation project in Malawi, expected to provide jobs and boost the livelihoods of nearly 300,000 people. The Nkhata Bay Town Water Supply Project will improve access to potable and sustainable water supply and sanitation services, directly benefitting 60,000 residents of Nkhata Bay and its surrounding areas, as well as 220,000 others who depend on services offered by the town. The project is also expected to create more than 300 jobs during its...
25-Oct-2018

Speech Delivered by Dr. Akinwumi A. Adesina, President, African Development Bank Group, at the African Development Fund (ADF-14) Mid-Term Review Meeting

Ladies and Gentlemen. Good morning!   Tubifurije ikaze mu Rwanda! Welcome to Rwanda! And welcome to the Mid-Term Review of the African Development Fund (ADF-14).   Let me warmly welcome our ADF Deputies who have travelled far distances to be here with us, as well as Ministers and their representatives from ADF countries, and our Executive Directors, Advisors and Management and Staff of the Bank. I also wish to specially thank our ADF Coordinator, Kyle Peters for accepting to support and guide us as we embark on this Mid-Term Review and look forward to ADF-15 ahead of us...
25-Oct-2018

East Africa’s One Stop Border Post Project

[alert type="success"] Key facts African Development Fund loans of US$107 million to Kenya and US$88 million to Tanzania. Support to Kenya and Tanzania development priorities and regional integration within the East African Community. Construction of 240-km road from Arusha through Namanga to Athi River, near Nairobi. Boost to commercial and tourism activities in the region, improved traffic between Zambia, Tanzania, Kenya, Uganda and Sudan. [/alert] The African Development Fund, the concessional arm of the African Development Bank, extended loans of US$107...
25-Oct-2018

Consistent Support for Higher Education, Science and Technology in Malawi

[alert type="success"] Key facts The Strengthening of Primary and Secondary Education Project (Education II, US$21.8 million) was approved by the African Development Bank for Malawi in 1986. This was followed by the Strengthening Access to Primary Education Project (Education III, US$16.7 million). The Support to Community Day Secondary Education Project (Education IV, US$20.9 million) was approved in 2001. The Support to Community Day Secondary Education Project (Education V, US$20.9 million) was approved in 2006. [/alert...