The Comoros Energy Sector Support Project will receive grants totaling US $20.1 million to finance the rebuilding the country’s electricity sector. The financing source is mobilized from the Bank’s resources: (i) US $8.3 million from the African Development Fund (ADF), and (ii) US $12.1 million...
11-Sep-2013
AfDB extends US $150 million to Mauritius Commercial Bank to enhance lending to African businesses
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, September 11 a financing package consisting of US $120 million multi-sector line of credit (LOC) and US $30 million subordinated debt to The Mauritius Commercial Bank (MCB). This financing package will allow MCB to...
10-Sep-2013
South Sudan - A Study on Competitiveness and Cross Border Trade With Neighbouring Countries
The African Development Bank Group (AfDB) is privileged for the support provided in undertaking this study on South Sudan’s Competitiveness and Cross-Border Trade with neighbouring countries. The study was conducted on the heels of South Sudan’s independence in July 2011, and took cognizance of the...
Africa’s premier multilateral financial partner, the African Development Bank (AfDB), has added its weight behind the call to augment intra-Africa trade, pointing out that the continent needs to enhance governance and leadership to realize its trade potential.
Speaking on Wednesday, September 4...
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, September 4 an equity investment of up to US $15 million to the Enko Africa Private Equity Fund (EAPEF). The Fund aims to invest in mid-size companies registered in Africa and exhibiting a strong potential for...
The Government of Denmark has announced a contribution DKK 10 million (approximately US $1.8 million) to the Agriculture Fast Track Fund to Spur Investment in the development of African agriculture infrastructure.
The announcement was made on Wednesday, August 28, 2013 in Copenhagen by Denmark’s...
30-Aug-2013
Democratic Republic of Congo gets $21.5 million green light to transform its vast forests
The Democratic Republic of Congo (DRC) has won approval of a $21.5 million grant from the Climate Investment Funds (CIF) to jump-start sustainable management of its critically important forest sector to reduce greenhouse gas (GHG) emissions and strengthen forest governance.
The Integrated REDD+...
The African Development Bank (AfDB) and the Government of Djibouti on Monday, August 26, signed the funding agreements, totalling US $7.5 million, for a geothermal exploration project in the region of Lake Assal. “The exploitation of geothermal potential in the Lake Assal region will enable the...
The Private Sector Department of the African Development Bank (AfDB) is launching a three-month pilot business development initiative in the industries and services sectors in Zambia and Tanzania. As the premier Development Finance Institution in Africa, the African Development Bank Group (the Bank...