Private Sector

19-Sep-2019

Multinational - Africa Forestry Fund II – Project Summary Note

The Africa Forestry Fund II (“ASFF II” or “Fund II”) is a US$150M second generation private equity fund focused on investing in sustainable forestry value chains in Sub-Saharan Africa (“SSA”). ASFF II is managed by Criterion Africa Partners (“CAP”), which is also responsible for ASFF I launched in 2010. The proposed AfDB equity investment is up to US$20M. Fund II has a term of 10 years with four one-year extensions. ASFF II will invest in (i) rehabilitation of brownfield plantations in Africa to enhance productivity (including a selective use of forestry assets to grow high value agricultural...
06-Sep-2019

“Prospects for Africa” great as new spaces open up for Tunisia’s youth in industry

Smartly dressed Maroua Khemiri is ready to start a busy day. The young engineer has secured a contract with Eleonetech in Tunisia, an electro-mechanical firm that specialises in producing cables and electronic assembly. Having risen through the ranks to become the first female project manager at the electro-mechanical firm, Khemiri’s achievement as a female engineer in this part of North Africa is rare, especially in the industrial sector. “After I finished my studies, I was struggling to find a job. It was frustrating, to the point that I thought about leaving the country. Today, I’m a...
06-Sep-2019

EOI - Angola - Capacity building of Micro, Small and Medium Enterprises (MSME) trainers on the Theory of constraint, Lean and six Sigma (tls) body of knwoledge

The Government of Angola (GoA) has received a loan from the African Development Bank (AfDB) towards the implementation of the Institutional Capacity Building for Private Sector Development Project (ICBPSD) and intends to apply part of this loan to payments under the contract for consultancy to carry out CAPACITY BUILDING OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSME) TRAINERS ON PROFITABILITY IMPROVEMENT SOLUTIONS BASED IN THE THEORY OF CONSTRAINT, LEAN AND SIX SIGMA (TLS) BODY OF KNWOLEDGE.
30-Aug-2019

Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development

Electricity, transport, and health identified as key priorities Yokohama, Japan, 30 August 2019 - Japan and the African Development Bank on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa. “Building on the successful achievements so far, Japan and...
30-Aug-2019

TICAD 7: African leaders make a clarion call for increased private sector engagement

Yokohama, Japan, 30 August 2019 - The African Development Bank delegation’s packed sessions kicked off on Thursday with President Adesina addressing Plenary Session 3 on Public-Private Business Dialogue: Enhance Trade and Investment between Japan and Africa. Japan’s Prime Minister Shinzo Abe officially opened the session, chaired by Egypt’s President Abdel-Fattah El-Sisi and co-chaired by South Africa’s President Cyril Ramaphosa. The Presidents of Nigeria, Muhamadu Buhari; Namibia, Hage G. Geingob; Niger, Mahamadou Issoufou; and the continent’s top captains of industries were in attendance...
23-Aug-2019

African Development Bank, Portugal and Guinea-Bissau sign compact to accelerate diversification, private sector development

The African Development Bank and the governments of Portugal and Guinea-Bissau have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place in Bissau on 27 July, between Geraldo Martins (Minister of Economy and Finance of Guinea-Bissauand AfDB Governor), Teresa Ribeiro (Secretary of State for Foreign Affairs and Cooperation of Portugal) and Serge N’Guessan (AfDB Deputy Director General for the region). Portugal’s Foreign...
13-Aug-2019

Rwanda - Supporting structural transformation in Rwanda by improving access to finance to local SMEs in transformative sectors - Project Summary Note

Cogebanque is a leading, private commercial bank in Rwanda with over 19 years of operations. Its current shareholding is held by Rwandan institutions (44%), businesspersons (53%) and the balance (3%) is held by individuals. Rwanda Social Security Board (RSSB) is the largest shareholder with a 43% shareholding . Licensed and regulated by the National Bank of Rwanda, Cogebanque has 26 branches scattered across the country supported by numerous agents and ATMs. It provides a comprehensive range of products and services to corporate, SMEs and retail customers
13-Aug-2019

Mozambique - Banco comercial e de investimentos S.A. - Project Summary Note

The Board of Directors of the African Development Bank has approved a line of credit of USD 30 million to Banco Comercial e de Investimentos S.A. (“BCI”) to promote industrialization and support for Small and Medium-Sized Enterprises (“SMEs”) including women-owned and youth enterprises in Mozambique. As part of the package, the Affirmative Finance for Women in Africa (“AFAWA”) Initiative intends to provide technical assistance to support capacity building, business development and lending by BCI to women-empowered enterprises.
13-Aug-2019

Multinational - Investisseurs et partenaires afrique entrepreneurs II (IPAE II) - Project Summary Note

The Board of Directors of the African Development Bank has approved an equity investment of € 7 million into Investisseurs & Partenaires Afrique Entrepreneurs 2 (“IPAE.2”). IPAE.2 is a 10- year impact fund, targeting € 90 million total capitalization to invest into 30 to 40 small and medium-sized enterprises (SMEs) in Sub-Saharan Africa. The main target sectors include healthcare, agribusiness, financial services, education, consumer and retail
25-Jul-2019

Tanzania - Africa fertilizer financing mechanism (Affm) - Project Summary

The Africa Fertilizer Financing Mechanism (AFFM) was created in 2006 during the Abuja African Green Revolution summit. However it became operational in 2015, after achieving the initial capital of USD 10 Million. Following the realignment of the AFFM’s Strategy by the Governing Council in June 2018, it was decided that the AFFM focuses on the provision of credit guarantee as a tool for derisking the financing of fertilizer value chain across the continent in order to reach the Abuja Declaration target of 50kg of fertilizer use per hectare. In regard to this new focus area, a feasibility study...
25-Jul-2019

Nigeria - Africa fertilizer financing mechanism (Affm) - Project Summary

The Africa Fertilizer Financing Mechanism (AFFM) was created in 2006 during the Abuja African Green Revolution summit. However it became operational in 2015, after achieving the initial capital of USD 10 Million. Following the realignment of the AFFM’s Strategy by the Governing Council in June 2018, it was decided that the AFFM focuses on the provision of credit guarantee as a tool for de-risking the financing of fertilizer value chain across the continent in order to reach the Abuja Declaration target of 50kg of fertilizer use per hectare. In regard to this new focus area, a feasibility...
22-Jul-2019

Sénégal : la Banque africaine de développement prête 13 millions d’euros pour renforcer l’attractivité des investissements dans le Plan Sénégal émergent

Abidjan (Côte d’Ivoire), le 22 juillet 2019 – Le Conseil d’administration de la Banque africaine de développement a approuvé, mercredi 17 juillet, un prêt du Fonds africain de développement (FAD) de 13,2 millions d’euros au gouvernement du Sénégal afin de soutenir la mise en œuvre de son Projet d’appui à la mobilisation des ressources et l’attractivité des investissements (PAIMRAI). Le PAIMRAI vise à renforcer la mobilisation des ressources internes ainsi que l'attractivité des investissements dans les secteurs stratégiques du Plan Sénégal Émergent (PSE). Sont ainsi attendues des...
19-Jul-2019

Madagascar : la Banque africaine de développement montre la voie pour développer le secteur privé

Abidjan, Côte d’Ivoire, le 18 juillet 2019 - Dans le but de soutenir les pays en transition et donner une impulsion à leur croissance, les institutions financières de développement (IFD) lancent une plateforme destinée à accroitre les investissements du secteur privé. En effet, au cours des cinquante dernières années, les pays en transition, dont Madagascar fait partie, ont pris du retard sur le reste du monde. Les conséquences, entre autres, en ont été une croissance plus lente ainsi que des taux plus faibles, de réduction de la pauvreté et de progrès économique et social. Et cette...
15-Jul-2019

Angola, African Development Bank and Portugal Sign Lusophone country-specific compact to fast-track private sector investment

© Rodrigo Subtil / Camões, I.P.  L to R: H.E. Teresa Ribeiro, Secretary of State for Foreign Affairs and Cooperation, Alternate Governor for Portugal, Hon. Pedro Luís da Fonseca, Minister of Economy and Planning, Alternate Governor for Angola and Mateus Magala, Corporate Services and Human Resources Vice President and Chair of the Lusophone Compact Steering Committee.   Luanda, Angola, 15 July 2019 –Angola is the latest African Portuguese speaking country to sign a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims...
09-Jul-2019

African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development

Abidjan, Cote d’Ivoire, 09 July, 2019 - The African Development Bank and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa. The signing took place on Sal Island on 1 July, between Olavo Correia, Vice Prime Minister and Minister of Finance of Cabo Verde, Helena de Paiva, Portugal’s Ambassador to Cabo Verde; and Moono Mupotola, the Bank’s Director for Regional Integration. It was witnessed by over...
27-Jun-2019

Tunisie : la Banque africaine de développement accorde une ligne de crédit de 100 millions d’euros à BH Bank pour soutenir le développement du secteur privé

Le Conseil d'administration de la Banque africaine de développement a approuvé, aujourd’hui, une ligne de crédit de 100 millions d’euros en faveur de la banque publique tunisienne BH BANK afin de soutenir le secteur privé tunisien. La ligne de crédit permettra à BH Bank de renforcer ses activités de financement en direction des entreprises intervenant dans les secteurs de la santé, du logement social, de l’industrie et des énergies renouvelables. Les acteurs privés vont ainsi bénéficier de prêts d’investissement à long terme et à coût abordable leur offrant de nouvelles possibilités d’...
25-Jun-2019

Multinational - Uhuru Growth Fund I – Project Summary

Uhuru Growth Fund I is a first generation fund sponsored by Uhuru Partners Limited to invest in high growth middle market businesses across West Africa, with a core emphasis on Nigeria, Ghana and Cote d’Ivoire. The Fund will focus on making investments in the consumer and financial services sectors.
24-Jun-2019

Côte d'Ivoire - Projet de centrale électrique au gaz de 390 MW d'Atinkou (CIPREL V) & d’Azito - Résumé du projet

Le Conseil d’administration de la Banque africaine de développement a accordé, mercredi 5 juin 2019, deux prêts de premier rang pour le renforcement du réseau électrique, d’une valeur totale de 150 millions d’euros. Un prêt de 100 millions d’euros pour la construction d’une centrale thermique à cycle combiné, fonctionnant au gaz à Taboth, dans le département de Jacqueville (ouest d’Abidjan) ci-après désigné le projet «Atinkou»,ainsi qu’un autre de 50...
18-Jun-2019

The State of Kenya's Private Sector - Recommendations for Government, Development Partners and the Private Sector

A thriving private sector is central to achieving the objectives of Kenya’s Vision 2030. In fact the success of Vision 2030 is largely premised on the role of the private sector in achieving the countries growth objectives and, thereby, creating greater wealth and employment opportunities.
28-May-2019

Japan and Austria to support private sector climate change investments on the continent

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally Determined Contributions (NDCs) of African countries. NDCs are national efforts to reduce Greenhouse Gas emissions and form part of the Paris Agreement on climate change. The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank....