Democratic Republic of Congo

06-May-2009

AfDB Group Approves over US $235 Million for five operations in Sierra Leone, Kenya, DRC and Rwanda

Tunis, 6 May 2009 – Executive Directors of the African Development Bank (AfDB) Group held their regular sessions on Wednesday in Tunis, where they approved over US$ 235 million to finance operations in Sierra Leone, Kenya, DRC, and Rwanda. Sierra Leone - The Boards approved 10 million Units of Account (UA*), equivalent to US$ 15 million, from the AfDB/ADF grant under the Supplemental Support Window of the Fragile States Facility (FSF) to finance the country’s economic governance reform programme. The goal of the Economic Governance Reform Programme (EGRP I) is to improve economic...
03-Dec-2008

Multinational - Study on the Road - Rail Bridge Between Kinshasa and Brazzaville and the Kinshasa - Ilebo Railroad

Under their cooperation within the Economic Community of Central African States (ECCAS), the governments of the Democratic Republic of Congo (DRC) and the Republic of Congo (RC) decided on the implementation of a project involving the construction of a bridge across the Congo River to link the capitals of the two countries, and of a 1,015 km railway to connect the cities of Kinshasa and Ilebo in the DRC. In order to build these infrastructures, ECCAS, on behalf of the two governments, submitted to the Bank a request for the financing of the study on the road-railway bridge between Kinshasa...
29-Sep-2008

2008-2012 - DRC - Results-Based Country Strategy Paper

This RBCSP for the Democratic Republic of Congo was prepared for the 2008-2012 period following a Bank mission to the country in August 2007. It was prepared using the participatory approach that involved the public administration, the civil society, private sector operators and DRC’s development partners. It coincides with the launching of the Government’s Programme for the 2007-2011 period which draws on the Poverty Reduction and Growth Strategy Paper (PRGSP). A donor country assistance framework was adopted in 2007 to coordinate and harmonize the monitoring of external aid to the country,...
08-May-2008

Inga, a key project for the future prospects of energy on the continent - Interview with Gilbert Mbesherubusa, Director, Infrastructure Department, AfDB

DRC and the Inga Project Location of the Inga hydro-electric site, from the name of Inga River: Bas Congo, RDC. DRC has the third hydro-electric potential in the world, after China and Russia. About 40% of the hydro-electric potential of some 100 000 MW of the DRC is concentrated on the Inga site. Existing power plants on the Inga site: Inga 1, started operating in 1970: 351 MW (6 turbo-alternator generating units) Inga 2, started operating in 1982: 1,424 MW (8 turbo-alternator generating units) Potential capacity of the site (...
30-Apr-2008

Approval of an ADF Grant for the Inga Hydro-Electric Project

The Board of Directors of the African Development Fund (ADF), a member of the African Development Bank (ADB) Group, on Wednesday in Tunis approved a grant of 9,510,000 Units of Account (UA), which is equivalent to about 15.7 million dollars, to finance a study on the development of the Inga hydro-electric site and related interconnections in the Democratic Republic of Congo (DRC). The objective of the study, which should start in 2008 following procurement of consultancy services, is to explore the feasibility of optimal development of the hydro-electric potential of the Inga site and the...
29-Apr-2008

DRC - National Capacity Building Programme Support Project (PANPURC) - Completion Report

In order to move the country out of the chaotic political, economic and social situation of the nineties, which was mainly characterized by the accumulation of considerable domestic and external public debt payment arrears, the Government initiated dialogue with multilateral and bilateral donors. However, since it was virtually impossible for any reconstruction, stabilization or sustainable economic recovery to become effective in such a context exacerbated by weak national institutional capacities, the Government, as a prelude to such an initiative, formulated a National Capacity Building...
10-Apr-2008

AfDB, DRC Sign US$ 58 Million Grant Agreement for Inga Power Station Rehabilitation

The Bank Group signed on Thursday in Tunis a grant agreement of 35.70 million Units of Account (UA*), equivalent to US$ 58 million, to finance the Inga hydro-power stations, the Kinshasa distribution network and a rehabilitation and upgrading project (RDPMDP). The AfDB Vice President for Infrastructure, Private Sector and Regional Integration, Gantsho Mandla, signed the agreement for the Bank Group while the Chargé d’Affaires of the DRC in Tunisia, Genevieve Lukusa Kayembe Nkaya, signed for her country. Mr. Gantsho said the project, co-financed with other donors, particularly the World...
30-Jan-2008

AfDB Supports Microfinance Institutions in DRC-Approval of US$1.1 Million Equity Investment in Advans Bank Congo

Tunis, 30 January 2008 – Micro-enterprises and SMEs in the Democratic Republic of Congo (DRC) will benefit from an equity investment of US$ 1.1 million in Advans Bank of Congo (ABC) and a technical assistance grant of Euros 650,000, approved by the Board of Directors of the African Development Bank (AfDB). Advans Bank Congo (ABC) will be established as a Greenfield microfinance bank to provide financial services to the low-income population of the DRC.  The project objective is to provide micro, small and medium sized enterprises to clients in lower income bracket, with a broad...
04-Jan-2008

DRC - Final Communique of the Consultative Group Meeting (Paris-France - 29-30 November 2007)

Paris, 30 November 2007 – During the Consultative Group (CG) meeting in Paris, the Government of the Democratic Republic of Congo (DRC) and international partners made commitments to ensure continued progress in DRC. The Government stressed that its top priorities are achievement of the HIPC Completion Point, achievement of double - digit economic growth, reaching the Millennium Development Goals by 2015, and making more rapid progress on human development indicators. The Government underlined its commitment to implement necessary reforms in all aspects of the economy and public...
18-Dec-2007

AfDB approves a total of USD 406.29 Million in loans and grants to 4 African countries

Tunis, December 18, 2007 - The African Development Bank Group (AfDB) on Monday in Tunis approved a total loan and grant package of USD 406.29 million for development projects and programs in four of the Bank’s member countries. The resources will be used for a range of initiatives that include energy, increasing agricultural productivity, strengthening institutional capacity and road-building. The Board of the African Development Bank approved a non-concessionary loan of USD 223.48 million to Morocco to finance the Ain-Beni-Mathar power station project. In March 2005, the AfDB...
14-Dec-2007

CRMU and OAGL organize workshop in DRC

Kinshasa, December 13, 2007 - In the framework of its outreach activities, CRMU in partnership with OAGL (Office of the Auditor General) and the Bank’s field office in DRC (CDFO) organized a national workshop under the title, International Accountability and Anti-Corruption and Fraud Mechanisms: The Case of the African Development Bank. The objective of the workshop, held on December 13-14, 2007, was mainly to raise awareness of civil society on the scope and expected outcomes of the Bank’s independent review mechanism managed by CRMU and the former anti-corruption and fraud...
03-Oct-2007

The African Development Bank boost Copper Cobalt mining in DRC USD 100 million to the Tenke Fungurume Project

Tunis, 2 October 2007- The Board of Directors of the African Development Bank (ADB) approved a US $ 100 million senior loan under its private sector window to the Tenke Fungurume Copper and Cobalt Project in the DRC. The Tenke Fungurume project (the Project) involves mining the Tenke oxide ore deposit and its treatment in a conventional hydrometallurgical plant to recover copper and cobalt. Project output will be 115,000 tons per annum (tpa) of LME Grade A copper cathode and 10,000 tpa of cobalt metal (mix of refined form and hydroxide metal). The project includes the development of a mine...
02-Aug-2007

Inauguration of the regional Office for the DRC and Republic of Congo, CDFO

Kinshasa, 31 July 2007 - Mr. Donald Kaberuka, President of the African Development Bank Group, recently paid an official visit to the Democratic Republic of Congo from 29 to 31 July, during which he was received in audience by His Excellency Joseph Kabila, President of the Republic. Mr. Kaberuka also met with the President of the National Assembly, the Prime Minister, and the Vice-President of the Senate. The President of the Bank Group and his delegation held several working sessions with the Minister of State, Minister of Agriculture, the Minister of the Economy, Finance and the...
31-Jul-2007

Speech at the Inauguration of the Bank’s New Field Office for the Democratic Republic of Congo and Republic of Congo by the AfDB President Donald Kaberuka

Event: Inauguration of the Regional Office for the Democratic Republic of Congo and Republic of Congo It is a great pleasure for me to welcome you to the premises of the Regional Office of the African Development Bank in Kinshasa, which covers the Democratic Republic of Congo and the Republic of Congo. Your presence is testimony of your interest in the Bank and its activities, and we thank you very much for the gesture. Furthermore, I wish to seize this opportunity to thank the authorities of this country for accepting to host our office and for all the measures taken to facilitate its...
24-Jul-2007

DR Congo: US$ 22.7 Million ADF Grant for Post-Conflict Reintegration Project

Tunis, 24 July 2007 – The African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, will support a Post-conflict Socio-economic Reintegration Support project (PARSEC) in the Democratic Republic of Congo with a grant of 15 million Units of Account (UA*), equivalent to US$ 22.7 million approved by the Fund’s Board of Directors in Tunis on Tuesday. The objective of the project is to support the redeployment of ex-combatants through vocational training and self-employment in agricultural activities in the provinces of Katanga, Maniema, North...
23-Jul-2007

Multinational - Tenke Fungurume Copper & Cobalt Project - ESIA Summary

This executive summary provides an overview of the environmental and social impact assessment (ESIA) for the Tenke Fungurume Mining S.A.R.L. (TFM) copper-cobalt mining project in the Democratic Republic of the Congo (DRC). It summarizes the five ESIA volumes, which include the Introduction and Project Description (Volume A), Baseline (Volume B), Impacts and Cumulative Effects Assessments (Volume C), Environmental and Social Management System (Volume D) and Appendices (Volume E). A compendium to this document summarizes the Resettlement Action Plan.
23-Jul-2007

RDC - Projet d’exploitation de cuivre et de cobalt de Tenke-Fungurume - Résumé EIES

Le présent résumé analytique donne un aperçu de l’étude de l’impact environnemental et social (EIES) du Projet d’exploitation de cuivre et de cobalt de Tenke-Fungurume Mining SARL (TFM) en République Démocratique du Congo (RDC). Il résume les cinq volumes de l’EIES, à savoir l’Introduction et la description du projet (Volume A), l’Étude de référence (Volume B), les Études d’impacts et d’effets cumulatifs (Volume C), le Système de gestion environnementale et sociale (Volume D) et les Appendices (Volume E). Un recueil annexé au présent document résume le Plan d’action de réinstallation.
12-Dec-2005

ADF Provides Grant to Increase Agricultural Production in DRC

Tunis, 12 December, 2005 – The African Development Fund (ADF), the concessionary arm of the African Development Bank Group, will support efforts by the government of the Democratic Republic of Congo (DRC) to increase agricultural production in two of the country’s provinces.  The ADF Board of Directors today approved a 35 million Units of account* grant (US$ 50 million or CFA 27,8 billion) to finance the Agricultural and Rural Sector Rehabilitation in Kasai-Oriental and Kasai-Occidental Provinces. The Project will provide resources for a capacity building program to train staff...
12-Dec-2005

DRC Gets US$ 74.69 Million Grant for Roads Rehabilitation

Tunis, 29 December 2005 – The Government of the Democratic Republic of Congo has signed an agreement with the African Development Bank Group for a grant of 52.45 million Units of Account (UA*), about US$ 74.69 million to finance the Nsele-Lufimi and Kwango-Kenge Roads Rehabilitation Project. The Chargé d’Affaires of the embassy of the DRC in Tunis, Mrs. Lukusa Kayembe N’Kaya Genevieve and the Bank Group’s Acting Vice President for West and Central Operations, Mr. Jaouad Mohammed Gharbi, signed the protocol agreement in Tunis on Thursday. The project will help reduce the internal...
07-May-2004

RDC - HIPC Approval Document-Decision Point under the Enhanced HIPC Framework

In July 2003, the Democratic Republic of the Congo (DRC) reached its decision point and became the 23rd regional member country (RMC) to qualify for debt relief under the enhanced HIPC framework 1 . The Boards of Directors of the IMF and the World Bank approved US$ 6.3 billion worth of debt relief in end-2002 NPV terms for the country.