Board of Directors

06-Aug-2019

Highlights – Board Meeting of 30 April 2019

The Board of Directors held its meeting at the Bank Group Headquarters Building in Abidjan on 30 April 2019. The Meeting was chaired by Dr. Akinwumi ADESINA, President of the Bank Group. Please find below the key decisions reached during consideration of the agenda items.
06-Aug-2019

Highlights – Board Meeting of 29 May 2019

The Board of Directors held its meeting at the Bank Group Headquarters Building in Abidjan on 29 May 2019. The Meeting was chaired by Dr Akinwumi ADESINA, President of the Bank Group. Please find below the key decisions reached during consideration of the agenda items.  
06-Aug-2019

Highlights – Board Meeting of 24 April 2019

The Board of Directors held its meeting at the Bank Group Headquarters Building in Abidjan on 24 April 2019. The Meeting was chaired by Mr. SHERIF KHALED, VicePresident, Regional Development, Integration and Business Delivery. Please find below the key decisions reached during consideration of the agenda items.
06-Aug-2019

Highlights – Board Meeting of 22 May 2019

The Board of Directors held its meeting at the Bank Group Headquarters Building in Abidjan on 22 May 2019. The Meeting was chaired by Dr Akinwumi ADESINA, President of the Bank Group. Please find below the key decisions reached during consideration of the agenda items.    
06-Aug-2019

Highlights – Board Meeting of 15 May 2019

The Board of Directors held its meeting at the Bank Group Headquarters Building in Abidjan on 15 May 2019 at 9.00 am. Mr. Charles BOAMAH, Senior Vice President of the Bank Group, chaired the Meeting. Please find below the key decisions reached during consideration of the agenda items.
06-Aug-2019

Highlights – Board Meeting of 5 June 2019 - 2

The Board of Directors held its meeting at the Bank Group Headquarters Building in Abidjan on 5 June 2019 at 2.30 p.m. The Meeting was chaired by Mr. Charles BOAMAH, Senior Vice-President of the Bank Group. Please find below the key decisions reached during consideration of the agenda items.
06-Aug-2019

Highlights – Board Meeting of 5 June 2019 - 1

The Board of Directors its meeting at the Bank Group Headquarters Building in Abidjan on 5 June 2019. The Meeting was chaired by Mr. Charles BOAMAH, Senior Vice President of the Bank Group. Please find below the key decisions reached during consideration of the agenda items.
21-Dec-2015

AfDB finances its first Independent Power Producer Project in Sierra Leone

Sierra Leone will soon benefit from the construction and operation of a 50 MW power plant. The Board of Directors of the African Development Bank (AfDB), on 17 December, 2015 in Abidjan, approved a senior loan of up to USD 20 million to fund up the construction and operation of a 50MW Heavy Fuel Oil (HFO), interconnection facilities and a fuel pipeline in Kissy, four kilometers east of Freetown, Sierra Leone. This project provides a unique opportunity for Sierra Leone to address its energy deficit using an independent power producer (IPP) solution to allow for affordable prices.  ...
21-Dec-2015

AfDB Supports ESKOM to construct and maintain transmission lines and power stations in South Africa

The Board of Directors of the African Development Bank (AfDB), through its private sector window, approved a senior corporate loan equivalent to USD 375 million in ZAR-equivalent and a corresponding A/B syndicated loan for up to USD 750 million to support the Capacity Expansion Program (CEP) of Eskom Holdings SOC Ltd of South Africa. Eskom is South Africa’s state-owned power utility and the country’s primary electricity supplier with over 90 years of operational experience. The program will be rolled out over a 5-year rolling period (2015/16 – 2019/20), and will contribute to a...
21-Dec-2015

AfDB approves EUR 24 million to boost Cameroon’s energy production

The Board of Directors of the African Development Bank Group (AfDB), on December 17, 2015 in Abidjan, approved EUR 24 million to fund the expansion of Kribi Power Plant, an existing natural gas plant in Cameroon, operating since May 2013. The expansion of Kribi (Kribi II) consists of the development, design, construction, operation and maintenance of a 125 MW gas-fired power plant extension. Upon completion, Kribi Power Plant’s aggregate capacity will be 340 MW. Approved under the scope of AfDB’s New Deal on Energy for Africa, which envisages universal energy access for Africa by 2030. The...
21-Dec-2015

African Development Bank mobilizes US$20 million loan to boost water supply in Kigali

The Board of Directors of the African Development Bank (AfDB) through its private sector window approved a USD 20 million loan to the Kigali Bulk Water Supply Project in Rwanda. The project involves the design, building, operating and maintainance for 27 years a 40,000m³/day bulk water production facility comprising a water treatment plant, well field with existing and new wells, three storage reservoirs, three pumping stations and water pipelines (in total approx. 14km) located at Kanzenze, Kigali, Rwanda to be implemented on Public Private Partnership (PPP) basis. The Project will...
21-Dec-2015

AfDB invests in transformative regional railway and port infrastructure in Mozambique and Malawi

The Board of Directors of the African Development Bank (AfDB), through its private sector window, has approved a Senior Loan equivalent to USD 300 million to support the construction of a 912 Km of railway (of which 230 Km are greenfield) and associated port infrastructure from Tete Province in Mozambique to the Mozambican port of Nacala e-Velha running through landlocked Malawi (“the Project”), along the Nacala Corridor. The Project sponsors are Vale SA of Brazil and Mitsui of Japan. The Nacala Rail and Port Project will enable the efficient and environmentally-friendly transport of...
01-Oct-2015

AfDB supports improved electricity access in Guinea, Guinea-Bissau, Gambia and Senegal

The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million [1] package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal. Electricity supply in the OMVG region is limited, unreliable and costly. Access rates vary from 12 percent in Guinea, 19 percent in Guinea-Bissau, 35 percent in The Gambia to 60 percent in Senegal. This places a huge burden on consumers in places with high unemployment and limited prospects for growing new...
01-Oct-2015

AfDB approves US $141.71-million for the Dar es Salaam Bus Rapid Transit System Project

The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US $44.29-million loan from the Africa Growing Together Fund (AGTF)* will support Tanzania Government’s efforts to decongest the city of Dar es salaam. The project, to be implemented within 36 months, is expected to improve urban mobility and accessibility in the city of Dar es Salaam through...
10-Jun-2015

AfDB commits to rehabilitate infrastructure for food security in São Tomé and Príncipe

The African Development Bank Group (AfDB) will assist in tackling the prevailing food security and poverty challenges in São Tomé and Príncipe with a combined loan and grant of US $19.5 million approved by the Board of Directors on Wednesday, June 10, 2015 in Abidjan, Côte d’Ivoire. The US $16 million African Development Fund (ADF) soft loan and the US $.5 million grant from the Global Environment Facility/Least Developed Countries Fund will be used to finance phase two of the country’s Infrastructure Rehabilitation for Food and Nutrition Security Support Project (PRIASA II). The...
13-May-2015

AfDB supports indigenous power investors in Africa

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to reduce electricity losses while improving the overall economics in Africa’s power sector. CECA has...
23-Apr-2015

AfDB approves a US $40 million Risk Participation Agreement with Banco Santander S.A. (Spain) to support Trade Finance in Africa

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 22, 2015 an unfunded US $40 million Risk Participation Agreement (RPA) with Banco Santander S.A. (Santander) to support issuing banks in Africa expand their trade finance operations. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agriculture and manufacturing. It will also foster financial sector development and regional integration, and contribute to government revenue generation. Most African banks...
14-Apr-2015

AfDB Board mission to Mozambique boosts cooperation

The highlight of the African Development Bank’s Executive Directors (EDs) mission to Mozambique was a courtesy call on the newly elected President, Filipe Jacinto Nyusi. The Head of State expressed appreciation for the work done by the Bank Group in his country. He cited the agriculture sector, water infrastructure and flood management, as the Bank’s key intervention areas to which his government accords great importance. President Nyusi outlined his key focus areas, which included the preservation of peace and the promotion of inclusive growth for the benefit of all Mozambicans through...
19-Feb-2015

AfDB releases official list of candidates for the election of the next Bank President

The Steering Committee of the Board of Governors of the African Development Bank met on 11 February, 2015 at the Bank’s headquarters in Abidjan and agreed to the following list of candidates for the election of the next President of the African Development Bank. The official list of candidates, in alphabetical order, released on February 20 is as follows: 1. Akinwumi A. ADESINA   Nigeria 2. Sufian AHMED     Ethiopia 3. Jaloul AYED   Tunisia 4. Kordjé BEDOUMRA  Chad 5. Cristina DUARTE   Cabo Verde...
29-Jan-2015

AfDB Board approves Guinea Bissau’s 2015-2019 Country Strategy Paper

The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, January 28, 2014 approved Guinea Bissau’s Country Strategy Paper (CSP) for 2015-2019. The document provides a framework for the Bank’s post-crisis support to the country. The framework is expected to help consolidate State foundations and economic fundamentals. It will also accelerate the establishment of vital infrastructure for inclusive growth, and provide the country with knowledge-building support. The CSP follows Guinea-Bissau’s return to constitutional order following legislative and...