The Board of Directors of the African Development Bank Group on Wednesday, October 9, 2013 approved a €15-million general budget support loan for Cape Verde, to help the country finance its Public Corporate Governance and Investment Promotion Support Programme (PAGEPPI).
The Programme aims to...
09-Oct-2013
La BAD finance une étude pour l’amélioration de l’accès à l’énergie électrique au Tchad et au Cameroun
Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé le 7 octobre à Tunis le financement par le Fonds africain de développement (FAD) de l’étude du projet d’interconnexion des réseaux électriques du Cameroun et du Tchad. Le projet vise la réalisation...
The task is to unleash the full potential of the continent’s natural capital – to which its growth is so closely tied – and in so doing to empower its human capital, which is what will ultimately sustain it, far beyond the time when the continent’s natural resources and their high prices run out....
The African Development Bank (AfDB) organized the first African stakeholder consultation meeting on the Green Climate Fund (GCF) in Tunis on 26-27 September, 2013. The objective of the meeting was to provide a platform for the African Board Members of the Fund to interact with their African...
04-Oct-2013
AfDB approves US $150-million loan to support access to reliable electricity supply in Zambia
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2 a senior loan of up to US $150 million to finance a 300MW coal-fired power plant as well as the revamping of the Maamba coal mine in Maamba, Zambia. The project aims to tackle a severe environmental...
03-Oct-2013
AfDB, largest financier of clean energy on the African continent with $4.3 billion in energy projects
Between 2011 and 2012, the African Development Bank (AfDB) increased by a staggering 92% its investment in clean energy in Africa, according to a new report by Bloomberg New Energy Finance. The publication looks at the clean energy transactions of 26 national and multilateral development banks from...
02-Oct-2013
First ADF partial risk guarantee approved in Kenya for largest African wind power project
The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development Fund’s Partial Risk Guarantees (ADF PRG). The ADF PRG is a risk mitigation instrument that covers private lenders and...
Report explores challenges and opportunities of growth in a fragile state In response to a request for technical support from the Government of Sierra Leone, the African Development Bank (AfDB) launched a comprehensive report outlining the key challenges and major opportunities for mainstreaming...