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...
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 2, a financial package consisting of US $20 million in additional equity and a US $50-million line of credit (LOC) to finance projects in the Eastern and Southern African Trade and Development Bank (...
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...
30-Sep-2013
Public-private partnerships promise a bright future for the African pharmaceutical industry
The African pharmaceutical sector is expected to grow tremendously in the coming years. The opportunity is such that public-private synergies are key to the development of the industry. These were the conclusions that emerged from the first African Pharmaceutical Summit, held on September 23 and 24...
Participants in the African Development Fund have reaffirmed their commitment to supporting Africa’s continuing process of economic transformation, with a total replenishment amount of $7.3 billion for 2014 to 2016. Millions of Africans stand to benefit from improved energy supply, transport...
Event: ADF 13 Replenishment – Third Meeting – Opening Session It’s my pleasure to welcome you to Paris for this final round of ADF 13 replenishment. I wish to thank Deputies and Ministers who are representing RMCs for finding the time to be with us today. On your behalf I also wish to thank...
It’s my pleasure to welcome you to Paris for this final round of ADF 13 replenishment. I wish to thank Deputies and Ministers who are representing RMCs for finding the time to be with us today. On your behalf I also wish to thank Richard Manning for the outstanding job he has done in coordinating...