Tunis – 28 September 2009 - The African Development Bank Group (AfDB) and Main One Cable Company signed a loan agreement of USD 61 million towards the development of a submarine fiber optic cable connection along the West African coast. With this investment, the Bank has further expanded its wide support for African ICT projects following investments in the East African “EaSSy” submarine cable and the two satellites Rascom and New Dawn.

As joint Coordinating Banks (the "Coordinating Banks"), Ghana International Bank, Natixis, Société Générale Corporate & Investment Banking and Standard Chartered Bank are pleased to announce that the Ghana Cocoa Board ("COCOBOD") USD 1.2 Billion Receivables-Backed Pre-Export Finance Term Loan was signed in Paris on 25th September, 2009. Read the full cummuniqué

Tunis, 17 September 2008 – The Board of Directors of the African Development Fund (ADF), the concessionary window of the African Development Bank (AfDB) Group, has approved a loan of 90 million Units of Account (UA*), or US$ 141 million to finance Ghana’s 3rd Poverty Reduction Budget Support  programme (PRSL III).

Tunis, September 18, 2009 – The African Development Bank (AfDB) Group and Rwanda, on Thursday, 10 September 2009 in Kigali, signed two grant agreements of UA 16 million (US$ 25 million) to finance the second phase of Rwanda’s Rural Drinking Water Supply and Sanitation Sub-Program (PNEAR II) for the period 2009-2012.

Tunis, 11 September 2008 – The Board of Directors of the African Development Bank (AfDB) approved on Thursday in Tunis, two lines of credit totaling US$ 320 million to Standard Bank of South Africa (SBSA) and Nedbank, both o based in South Africa to provide long-term funding for infrastructure, industry and natural resource projects in Africa, outside South Africa.