25-Jun-2014
AfDB to finance its first renewable energy independent power producer project in South Africa
On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from the Clean Technology Fund (CTF), to finance the construction of the 100 MW concentrated solar power (CSP) plant XiNa in...
On 23 June 2014, The Board of Directors of the African Development Bank (AfDB) approved funding of 12 million Units of Account (approximately 19 million dollars) for the Republic of Guinea.
This sum will be taken from the resources of the African Development Fund (ADF) and will...
The Board of Directors of the African Development Bank Group (AfDB) approved on 23 June 2014 in Tunis a US$22 million grant from its Fragile States Facility for the Jiji and Mulembwe Hydroelectric Plant Project in Burundi. Representing the largest investment in Burundi in the post-...
19-Jun-2014
Insurance and reinsurance in Africa: the AfDB supports ZEP-RE's business expansion plans
At its meeting in Tunis on 18 June 2014, the Board of Directors of the African Development Bank Group (AfDB) approved a request for an additional USD 4 million equity investment in ZEP-RE (PTA Reinsurance Company).
The request was submitted to the AfDB as part of the final phase of ZEP-RE's...
17-Jun-2014
AfDB Approves USD 300 million Loan to Boost Fuel Supply and Fertilizer Production in Nigeria
The Board of Directors of the African Development Bank (AfDB) approved on 13 June 2014 a loan of USD 300 million to Dangote Industries Limited for the construction and operation of a greenfield crude oil refinery and a greenfield fertilizer manufacturing plant.
Both projects will produce for...
17-Jun-2014
Financement des infrastructures en Afrique « une bonne préparation garantie le succès des projets »
« Quand les projets sont bien préparés, ils n’échouent pas. La Banque africaine de développement (BAD) a une grande expérience dans le domaine », a déclaré Neside Tas Anvaripour, directrice d’« Afrique 50 », le nouvel instrument de financement des infrastructures de la BAD. C’était le 15...
The CSP 1999-2001 highlighted the following challenges: Transition to private sector led economy, high unemployment, inefficient public enterprises, low level of productivity, attracting FDI, inadequate institutional capacity, among others
16-Jun-2014
African Development Fund approves US $46.2 million for post-conflict reintegration and support programme
The African Development Bank’s (AfDB) Board of Executive Directors approved on Friday, June 13, 2014 in Tunis an African Development Fund (ADF) grant of US $46.2 million to support the social and economic reintegration of ex-combatants, the resolution of rural land conflicts and...
Le sommet de Dakar sur le financement des infrastructures en Afrique qui s’est tenu à Dakar ( Sénégal) du 14 au 15 juin 2014 s’est penché sur le meilleur moyen de convaincre les investisseurs privés, nationaux comme étrangers, à s’engager dans le financement d’ouvrages structurants.
Au...