African Development Bank renews risk participation agreement for trade finance with Sumitomo subsidiary

The Board of Directors of the African Development Bank on Wednesday approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking Corporation Europe (SMBCE) and the African Development Bank.  The RPA, replacing an earlier one that expired in late 2019, will incorporate $100 million each of unfunded and funded risk participation to build on the successes of its predecessor in strengthening African trade finance, particularly in the agriculture, energy, manufacturing, and construction sectors, and will expand intra-African trade. The recently...

Seychelles: African Development Bank Supports Blue Economy with $800k FAPA grant

The African Development Bank has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector. The package will help Seychelles develop its marine biotechnology sector, strengthen the capacity of public institutions and private operators, create a knowledge platform on emerging business opportunities, and provide technical and financial training to MSMEs. The $1million project will be financed through a grant from the Fund for African Private Sector Assistance (FAPA), which will provide $800,000...

EOI - Lesotho - Review of Micro, Small and Medium Enterprises (MSMEs) Policy and Legal Framework

The Government of the Kingdom of Lesotho has received financing from the African Development Fund towards implementation of the Economic Diversification Support Project and intends to apply part of the agreed amount for this loan to payments under the contract for consultancy services for the Review of Micro, Small and Medium Enterprises (MSMEs) Policy and Legal Framework.

Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs

The Board of Directors of the African Development Bank  on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank will mobilize $7 million of the $22 million from the Africa Growing Together Fund (AGTF), a co-financing fund, established with the People’s Bank of China. Corplease is a leading non-bank financial institution that provides diverse leasing products and services to...

EOI - Egypt - Review the financial statement for Project “Green Growth: Industrial Waste Management and SME Entrepreneurship Hub in Egypt

This request for Expression of Interest (EOIs) follows the General Procurement Notice for this project that appeared in UN Development Business Ref. No. AfDB367-05/14 on May 27, 2014.  The Egypt National Cleaner Production Center (ENCPC), operating under the Council of Innovation and Technology Transfer – Ministry of Egyptian Industry, Trade and SMEs has received a grant for USD 2,000,000 from the Middle East and North Africa Transition Fund, through the African Development Bank, to finance the project entitled: “Green Growth: Industrial Waste Management and SME Entrepreneurship Hub...

African Development Fund Board approves $37.2 million in credit risk participations by the Private Sector Credit Enhancement Facility for non-sovereign operations in Kenya, Sudan and Senegal

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on January 15, 2020, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) for projects in Kenya, Sudan and Senegal. The agreement covers operations cumulatively valued at $37.2 million and includes a corporate loan to support an East African agribusiness firm’s domestic and regional expansion, and two lines of credit targeting SME borrowers. Launched in 2015 by the ADF, the PSF provides credit risk participations in low-...

Tunisie : signature de deux accords de financement mobilisant 238 millions d’euros pour moderniser les infrastructures électriques et soutenir les PMEs

La directrice générale adjointe de la Banque africaine de développement pour l’Afrique du nord, Yacine Diama Fal et le ministre tunisien des Finances et ministre par intérim du Développement, de l’investissement et de la coopération internationale, Ridha Chalghoum, ont signé, mardi, deux accords de financement dans les secteurs énergetique et financier, pour un montant total de 238 millions d’euros.   La cérémonie de signature s’est déroulée au siège du ministère du Développement à Tunis, en présence du ministre de l'Industrie et des Petites et moyennes entreprises, Selim Feriani,...

Tunisie : la Banque africaine de développement soutient activement l’accès au financement des petites et moyennes entreprises

La Banque africaine de développement a lancé, le jeudi 31 octobre à Tunis, le programme « Investia Enterprise » afin de renforcer la dynamique d’inclusion financière en faveur des petites et moyennes entreprises (PME) tunisiennes. Cette opération est le fruit d’un partenariat entre le Royaume-Uni et le ministère des Finances tunisien, mobilisant, autour de la Bourse des valeurs mobilières de Tunis, l’ensemble des acteurs de l’écosystème financier du pays. L’objectif de ce programme pilote est de faciliter l’accès aux financements non bancaires à plus de 120 PME. Cette...

Policy Brief - Strengthening Private Sector Engagement in the Oil and Gas Value Chain in Uganda

The discovery of oil and gas in Uganda has created unprecedented opportunities that can stimulate sustainable development. One of the tools to achieving value creation through the newfound resource is through enhanced private sector engagement, particularly small and medium enterprises (SMEs) given their presence across sectors. Nevertheless, the lack of understanding of the oil and gas value chain and applicable standards may hinder the effective participation of SMEs, thus affecting their ability to boost local skills development, job creation and inclusive economic development. In...

Issue Paper - Strengthening Private Sector Engagement in the Oil and Gas Value Chain in Uganda and Kenya

This paper is a product of the Strathmore Extractives Industry Centre (SEIC) and the Extractives Baraza (EB) in collaboration with the African Development Bank (AfDB) through the Africa Legal Support Facility (ALSF) and the African Natural Resource Centre (ANRC), under a grant from the Ford Foundation to support Uganda and Kenya’s Small Medium Enterprises (SMEs) working in value chain of the oil and gas sector.

In Togo, youth and SMEs receive the African Development Bank’s full support

In a large building located in the Vakpossito district, south of the Togolese capital Lomé, the main equipment in the Agrokom soya processing plant is fully operational. In a few days, this group of young people will deliver 200 tonnes of organic soya meal to an international client. “In 2011, we only produced 50 tonnes of meal for the local market. However, since 2016, our production has quadrupled, and we are now supplying the international market,” Daniel Komlan says proudly. Mr. Komlan is the managing director of Agrokom, a small business specialised in soya processing. Daniel...

Guinée : la Banque africaine de développement accorde un crédit de 8 millions de dollars à Vista Bank pour aider les PME agricoles

Le Conseil d’administration de la Banque africaine de développement a donné son feu vert, mardi 24 septembre, à l’octroi d’une ligne de crédit de 8 millions de dollars américains au groupe bancaire Vista Bank en Guinée (Conakry). Ce soutien financier doit permettre d’accompagner une dizaine de petites et moyennes entreprises (PME) institutions de microfinance actives dans la chaine de valeur agricole en Guinée. Il vise en priorité les femmes, qui seront bénéficiaires à 60 % des ressources de cette ligne. Une attention particulière sera donc portée aux PME des zones rurales, opérant...

Sénégal : la Banque africaine de développement approuve plus de 22 millions d’euros à la BNDE pour soutenir les PME et la création d’emplois en zone rurale

Le Conseil d'administration de la Banque africaine de développement a approuvé, mardi 24 septembre à Abidjan, une ligne de crédit de 22,5 millions d’euros, dont 15 millions de ressources de la Banque et 7,5 millions de ressources de Africa Growing Together Fund (AGTF: Fonds de cofinancement Banque africaine de développement et Banque Populaire de Chine), pour soutenir la Banque nationale pour le développement économique (BNDE) du Sénégal. Au Sénégal, les PME représentent environ 80% du tissu des entreprises, et contribuent à hauteur de 30% à la formation du PIB et emploient près de 60% de...

Malawi: African Development Bank propels competitiveness of small businesses and cooperatives

Mega Signs and Media Ltd is today the first and unique printing company able to manufacture professional, directional and product signs and all-size billboards across Malawi. Based in Blantyre and Lilongwe, this local enterprise has expanded remarkably thanks to a “matching grant” of MWK40,000,000 (about $42,400) from the Competitiveness and Job Creation Support Project, supported by the African Development Bank. Under this project, the Bank, through the government of Malawi, has given out grants to 141 local micro, small and medium enterprises (MSME) to match their investments up to 50%...

Kenya: African Development Bank Group approves $8 million to Credit Bank for SMEs

Abidjan, Côte d’Ivoire, 18 July 2019 –The Board of Directors of the African Development Bank Group on Wednesday approved a $8 million-targeted financing to Kenya’s Credit Bank for lending exclusively to small and medium enterprises (SMEs) in construction, agriculture, renewable energy and manufacturing. The loan, which has a five-year maturity with a two-year grace period, marks the first proposal under the Bank’s new initiative to prop-up SMEs in Africa. Credit Bank is privately-owned and dedicated to propelling SMEs’ growth through financing and capacity building initiatives. “It is...