ADF Provides Grant for Control of HIV/AIDS in SADC Countries

Tunis 31 May, 2006 – The campaign to contain the spread of communicable diseases such as HIV/AIDS, tuberculosis and malaria in the Southern African Development Community (SADC) has received a major boost from the African Development Bank (ADB) Group.

The Board of Directors of the African Development Fund (ADF), the concessional loan window of the ADB Group on Wednesday approved a grant of 20 million Units of Accounts (UA*) equivalent to US$29.42 million, finance the control of communicable diseases (HIV/AIDS, Tuberculosis and Malaria) in the sub-region.

AfDB, Cape Verde Sign Electricity Project Loan Agreement

The Bank Group and Cape Verde signed on Thursday, in Praia, an agreement for an ADF loan of 4.82 million Units of Account* (UA) to help finance an electricity production and transmission project on Santiago Island.

The AfDB Resident Representative in Senegal, Mohamed H’Midouche, signed on behalf of the African Development Fund, the soft loan arm of the African Development Bank Group, while the Minister of Economy, Growth and Competitiveness, Jose Brito, signed for his country.

Supplementary loan for Ain Beni Mathar Thermo-solar Station

Rabat, 7 April 2008 – The African Development Bank (AfDB) Vice President for Finance, Thierry de Longuemar, Morocco’s Economy and Finance Minister, Salaheddine Mezouar and the Director General of the country’s National Electricity Corporation (ONE), Younes Maamar, have agreed to proceed with the signing of a supplementary loan and project guarantee agreement for the Ain Beni Mathar power station in Morocco.