Kenya: Green Zones Project

Tunis, 12 October  2005 – The African Development Fund (ADF), the concessional window of the African Development Bank (ADB) Group, has approved a loan of 25.04 million Units of Account (UA)*, equivalent to US$ 36.18 million, to finance the Green Zones Development Support Project in Kenya.

Ghana: Urban Poverty Reduction Project

Tunis, 12 October 2005 – The board of directors of the African Development Fund (ADF) approved a loan of 25 million Units of Account* (US$ 36 million or 330 billion Cedi) to finance the Urban Poverty Reduction Project in Ghana.

The project aims at contributing to Ghana’s efforts to achieving the Millennium Development Goal that calls for a reduction by half of the proportion of poor living on less than a dollar a day through urban poverty reduction strategies.