Infrastructure

07-Nov-2018

Kinshasa, Brazzaville Ink Landmark Bridge Project

On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville. Under the terms of the framework agreement, the two governments have mandated Africa50 and the African Development Bank to develop the project as a public private partnership, the bank will act as the debt provider under the aegis of the Economic Community of Central African States. As the main developer,...
07-Nov-2018

Africa Investment Forum: African Legal Support Facility offers tools to assist negotiations for infrastructure on the continent

Stephen Karangizi, Director and Chief Executive Officer of the African Legal Support Facility on Monday said the facility offers the needed tools for African countries to better negotiate infrastructure investment deals. Karangizi made the comments at the Africa Investment Forum taking place in Johanesburg, South Africa. He also noted that the facility helps to create transparency between African governments, and private sector funders and providers of essential infrastructure. Created by the African Development Bank in 2010, the Facility supports governments in negotiating complex...
06-Nov-2018

Maroc : la Banque africaine de développement appuie l’extension et la modernisation de l’aéroport international de Rabat-Salé

Le Maroc va renforcer sa compétitivité, ainsi que l’attractivité de la zone économique Rabat-Salé, pour en faire un hub régional. Dans cette dynamique, la Banque africaine de développement, a apporté un appui financier de 75 millions d’euros au pays, pour l’extension et la modernisation de l’aéroport international de Rabat-Salé. Ce prêt, approuvé le lundi 5 novembre 2018 par le Conseil d’administration de la Banque permettra de répondre à la hausse du trafic aérien, pour une zone en plein essor économique autour de la capitale marocaine, et répondre aux besoins logistiques grandissants des...
29-Oct-2018

Côte d’Ivoire - Projet de routes de désenclavement des zones transfrontalières (phase1 section Bondoukou-Soko-frontière du Ghana) – Résumé PGES

Les zones transfrontalières constituent un enjeu central pour la stabilité de l’Afrique de l’Ouest. D’une part, ce sont des zones d’échanges dynamiques entre les communautés frontalières en raison de leurs liens culturels et ethnolinguistiques communs. D’autre part, la porosité des frontières a facilité la prolifération de tous les types de trafics illicites au point que ces zones sont de plus en plus considérées comme un danger pour la sécurité. Le manque de services de base et les difficultés d’accès et de mobilité dans ces zones alimentent cette instabilité et les rendent fragiles. C’est...
23-Oct-2018

Projet de transport urbain d’Abidjan : 329 millions d’euros supplémentaires de la Banque africaine de développement pour boucler le financement du projet

Désireux d’améliorer les conditions de vie des 5 millions d’Abidjanais, la compétitivité des activités économiques urbaines, de promouvoir le développement industriel, la planification et la gestion urbaines, l’hygiène, la salubrité publique et la qualité de l’air, le gouvernement ivoirien a initié un vaste programme intégré de développement urbain, évalué à 770 millions d’euros, qui met l’accent sur les infrastructures de transport. La Banque africaine de développement a décidé d’apporter une assistance financière de 567 millions d’euros à cette première opération du Schéma...
17-Oct-2018

The African Development Bank to invest the Naira equivalent of USD 10 million into the Chapel Hill Denham Nigeria Infrastructure Debt Fund

The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF). This investment aims to meet the country’s infrastructure investment needs, including in the power and energy infrastructure sectors. NIDF is the first and the only listed local currency infrastructure debt fund in Africa. The transaction is financed through the Bank’s ordinary capital resources allocated for private sector operations financing. It is expected to deliver significant development outcomes...
13-Oct-2018

Multilateral Banks reaffirm pledge to support resilient, sustainable infrastructure

The heads of the leading multilateral development banks (MDBs) meeting at the Global Infrastructure Forum 2018 (GI Forum) today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable. The important role of technology in this goal was at the heart of discussions at the GI Forum under the theme “Unlocking Inclusive, Resilient, and Sustainable Technology-driven Infrastructure”. 2018 marks the first time this annual forum is...
05-Oct-2018

Namibia: Walvis Bay Port expansion well under way

Sea sounds and splashing waves greet a docking ship at Walvis Bay, where cranes are ready to offload and place heavy containers from the vessel. Welcome to the Port of Walvis Bay, Namibia’s only deep-water port able to handle large ships. Namibia's largest commercial port, it serves as the logistical backbone for several industries in the southern African country. The small country with an estimated population of 2.59 million people is also set to become a regional logistic hub with the ongoing expansion of the Walvis Bay Port, driven by the country’s long term Vision 2030. The...
01-Oct-2018

Sénégal : 60 millions € de la Banque africaine de développement pour appuyer le Programme d’urgence de développement communautaire

La Banque africaine de développement va aider le Sénégal à poursuivre son Programme d’urgence de développement communautaire, destiné à développer l’agriculture en milieu rural et à offrir aux populations des contrées les plus reculées du pays un meilleur accès aux services sociaux de base. Pour ce faire, la Banque vient d’accorder un prêt de 60 millions d’euros, entériné par son Conseil d’administration, jeudi 27 septembre 2017 à Abidjan. Le gouvernement sénégalais avait lancé son Programme d’urgence de développement communautaire en 2015, auquel la Banque avait contribué à hauteur de 43,...
27-Sep-2018

South Africa: Eskom to expand transmission network with $218 million loan from African Development Bank

The African Development Bank has approved a ZAR 2.886 billion (US$217.9 million) loan to South Africa’s power utility Eskom Holdings Ltd, towards the upgrade and expansion of its transmission facilities. The entity is crucial to power supply within the sub-region. The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction of 555km of 400kV transmission lines in KwaZulu-Natal and Mpumalanga province and the upgrading of substation equipment and improvement of various substation earth mats in Mpumalanga. The transmission lines will provide...
21-Sep-2018

Mano River Union Phase II gets go ahead improving more roads and transportation in countries

The Board of Directors of the African Development Bank gave the green light for the launch of the second phase of the Mano River Union (UFM) programme, which would improve roads and facilitate transport between Liberia and Cote d’Ivoire. This second phase consolidates road rehabilitation efforts so far and will boost economic recovery in the two countries. It will provide for the asphalting of 67.1 km of road between Liberia’s Fish Town and Kelipo (20 km) and between Sanniquellie and Loquatuo (47.1 km), and the construction of two markets along the same roads. The construction of a...
31-Aug-2018

5 milliards de francs CFA de la Banque africaine de développement pour insuffler une nouvelle dynamique au Centre régional de formation en entretien routier (CERFER)

Le Groupe de la Banque africaine de développement a octroyé un don de 5 milliards de Francs CFA, via son Fonds africain de développement, au Conseil de l’entente, pour financer la réforme du Centre régional de formation en entretien routier (CERFER). Le financement s’inscrit dans le cadre du projet d’appui à l’intégration de la formation (PAIF) dans les métiers de la route, du chemin de fer et des mines dans les pays membres dudit Conseil – Côte d’Ivoire, Bénin, Togo, Burkina-Faso et Niger. Ce financement va permettre de réaliser les modules de la réforme du CERFER, notamment la...
19-Jul-2018

Africa50 Meeting: Kenyatta and Adesina call for accelerated private sector investment in infrastructure

President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide unprecedented opportunities for private sector participation. “The private sector must step up and help us close the infrastructure gap on the African continent. Public funding is limited, and there are competing priorities,” he said...
10-Jul-2018

Africa50 to Announce New Shareholders and Investment Updates at General Meeting in Nairobi on 19 July

Africa50, the pan-African infrastructure platform, will host its third General Shareholders Meeting (GSM) in Nairobi, Kenya on 19 July at Villa Rosa Kempinski Hotel. President Uhuru Kenyatta will open the meeting, which is taking place for the first time in East Africa. Henry Rotich, the Cabinet Secretary for the National Treasury in Kenya, will also attend. Akinwumi Adesina, President of the African Development Bank and Chairman of the Africa50 Board of Directors, will give a keynote address on the critical role that Africa50 is playing to bridge the continent’s infrastructure funding gap...
27-Jun-2018

The African CEO Infrastructure Project Developers Summit calls on Governments to Help Bring Projects to Financial Close More Rapidly

Africa investor (Ai), the international investment and communications group, and Africa50, the pan-African infrastructure investment platform, co-hosted the fourth Ai CEO Infrastructure Project Developers Summit on June 18 in Mauritius. The Summit was opened by Paramasivum Pillay Vyapoory, Acting President of Mauritius, and closed by Aziz Rebbah, the Minister of Energy, Mines and Development of Morocco, who both emphasized the need for good governance, transparency and committed political leadership to speed up the process of approving and implementing infrastructure...
20-Jun-2018

Building sustainable Infrastructure for the Future: African Development Bank and World Bank host global roundtable on infrastructure governance

The African Development Bank and the World Bank are hosting the Second Global Roundtable on Infrastructure governance and tools from 21-22 June 2018 in Grand Bassam, 41 Km south east of Abidjan, Côte d’Ivoire, to share perspectives on impacts of poor infrastructure governance on economic growth. The meeting comes on the heels of the current governance debate for sustainable development and economic growth, and brings together high-level decision-makers in politics, business and civil society that can set the direction for how the infrastructure pipeline can be boosted through better...
13-Jun-2018

eSwatini - Construction of Manzini Mbadlane Golf Interchange – ESMP Summary

The Ministry of Public Works and Transport (MoPWT) of the Royal Kingdom of eSwatini is proposing to construct an interchange in the Manzini Golf Course area opposite Coates Valley in Manzini. The interchange starts at the Manzini traffic circle, with a service road that will link the MR-3 with Central Distributor Road on the left hand side (LHS) of the MR-3. It extends along the MR-3 up to km 0 + 600, while extending northwards along Central Distributor Road to the Madonsa Township access road. The total length of the road is about 3km. In addition to the road interchange, the Royal Kingdom...
04-Jun-2018

African Development Bank President in São Tomé and Príncipe to strengthen alliances

The first President of the African Development Bank group to set foot on São Tomé and Príncipe, Akinwumi Adesina has arrived in the country for a five-day official visit to strengthen alliances between his institution and this lower middle-income island nation with a fragile economy. He was welcomed by Américo dos Ramos, the Minister of Finance, Trade and Blue Economy, who is also the country’s Governor at the African Development Bank, and by the Minister of Foreign Affairs, Urbino Botelho. To help promote a competitive financial sector, the President of the African Development Bank...
04-Jun-2018

Investing in smart technologies to power industrialization

Inspired by Korea’s successful, rapid industrialization, the World Bank and the African Development Bank have pledged to increase investments in education, in financing for innovative technologies, in science and technology laboratories, and in providing risk guarantees to support initiatives to propel Africa’s industrialization. These commitments were made at the High-Level Dialogue on Accelerating African Industrialization Vision, Experiments and Lessons at the 53rd African Development Bank Annual Meetings in Busan, Korea, that brought together political leaders from Africa and...
30-May-2018

Italy ramps up support for Somalia’s infrastructure, contributes €1 million to Somalia Infrastructure Fund

The African Development Bank, on May 28, 2018 in Mogadishu, participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund (SIF). The ceremony was witnessed by Albert Mafusire, the African Development Bank’s Principal Country Economist for Somalia, who represented the Bank’s Deputy Director General for East Africa and Country Manager for Somalia, Nnenna Nwabufo; the Italian Ambassador to Somalia, Carlo Campanile; and the Federal Government of Somalia’s newly appointed Minister of Public Works, Reconstruction and Housing, Abdifatah...