Niger: US$62 Million ADF Funding for the development of Niger Valley Ecosystems

Tunis, 29 October 2008 – The African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group, has approved a combined loan and grant of 40 million Units of Account (UA*), equivalent to US$ 62 million, to finance the Kandadji Ecosystems Regeneration and the Niger Valley Development programme (KERNVDP).

AfDB Finances Zambia’s 2nd Poverty Reduction Budget Support Programme

Tunis, 29 Oct 2008 – The African Development Bank, through its soft loan affiliate, the African Development Fund, on Wednesday approved 15 million Units of Account*, approximately US$ 23.4 million, as Zambia’s Second Poverty Reduction Budget Support Loan (PRBS II).

The loan will finance a two year programme to help Zambia implement key aspects of its Fifth National Development Plan. Primary beneficiaries will be Zambian businesses and the nation at large.

AfDB Approves US$ 156 Million Budget Support for Tanzania

Tunis, 29 October 2008 - Efforts by the Government of Tanzania to enhance accountability and transparency in the allocation of its public resources received strong support on Wednesday in Tunis where the Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved a loan of 100 million Units of Account (UA*), equivalent to US$ 156 million to assist in the implementation of the country’s Poverty Reduction Strategy.

AfDB approves a $2m grant for Somalia

Tunis, 24 November 2009 – After decades of interruption, Somalia re-established its relationship with the African Development Bank (AfDB) on Monday, 23 November 2009 with the signing  of a USD 2 million grant to provide financial and technical assistance to Public Financial Management.  The support to the Transitional Federal Government of Somalia comes from the Fragile States Facility (FSF) administrated by the Bank’s Fragile States Unit.