Burundi: US$ 15 Million Job Creation Support Grant
Tunis, 24 June 2009 – The African Development Fund (ADF) the concessionary window of the African Development Bank (AfDB) Group, on Wednesday in Tunis, approved a grant of 15.5 million (10 million Units of Account (UA*) to finance a Job Creation Programme Support Project in Burundi.
Africa Malaria Day
Tunis, 25 April 2006 – Malaria continues to represent a major problem in Africa particularly south of the Sahara. It is estimated that 300 million cases of Malaria occur every year in Africa resulting in up to 2 million deaths, mostly among young children.
Multinational-Building Infrastructure for Regional Integration-AfDB Approves US$ 181 Million for Nacala Road Corridor Project
Tunis, 24 June 2009 – As part of the strategy to boost infrastructure development and regional economic integration in Africa, the Board of Directors of the African Development Bank (AfDB) Group on Wednesday in Tunis, approved two loans amounting to US$ 181 million, (117.04 million Units of Account UA*) to Mozambique and Malawi to finance the construction of the first phase of the Nacala Road Corridor, which links the two countries and Zambia.
AfDB Private Sector Supports Healthcare Delivery-Invests € 10 Million in Investment Fund for Health in Africa
Tunis, 17 June 2009 – The Board of Directors of the African Development Bank (AfDB) on Wednesday in Tunis approved an investment of Euro 10 million in the Investment Fund for Health in Africa (IFHA). IFHA is a pioneer multinational private equity vehicle that invests growth equity in privately owned businesses in the healthcare value chain. IFHA uses market instruments to enhance the efficiency and quality of health care in Africa. It focuses mainly on existing health insurance organizations, pharmaceutical production facilities and distribution chains.
President Kaberuka Urges Korean Investors to take Advantage of Africa’s improving Investment Climate
Seoul, 26 April 2006 – The President of the African Development Bank Group, Mr. Donald Kaberuka, has urged Korean businesses to take advantage of the vast improvements in Africa’s investment climate and economic conditions to invest in the continent.
"For the fifth year in a row, the African economy is growing in the neighborhood of 5%, macroeconomic conditions are at their best in three decades while violent conflicts are at their lowest ever," he said.
