Tunis–18 February 2009- The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 30 Million Line of Credit and a USD 7.5 Million equity investment to Shelter-Afrique. The LOC will be used for on-lending to private real estate developers and housing finance companies to finance housing projects and related infrastructure services. The equity investment will strengthen Shelter-Afrique’s capital base.

Tunis, 21 September 2005 – The Board of Directors of the African Development Bank (ADB) on Wednesday approved a loan of 117 million euros to finance the Third Competitiveness Support Programme in Tunisia aimed at helping the country achieve an average annual GDP growth rate of 5.2% during the period 2005-2006.

The programme will focus on the implementation of three fundamental and interdependent orientations of the Government’s policy in economic development, aimed at ensuring increased private sector investments within the framework of the Plan.

These orientations are:

Tunis, 21 November 2007 – In line with its growing emphasis on infrastructure development, the African Development Bank (AfDB) Group will support the improvement of the Nairobi-Thika highway project in Kenya following the approval of a loan and a grant totaling 121 million Units of Account (UA*) equivalent to US$ 190.2 million, by the Board of Directors of the African Development Fund (ADF), the concessional window of the Bank Group, on Wednesday in Tunis.

AEC Think-Tanks consider Korea’s Attractive experience

Tunis, 23 November 2006 – Renowned South Korean Economist, Ji Hong Kim, has dismissed the notion that Africa has everything to lose and nothing to gain from globalization, noting that a good number of the continent’s economies can compete favorably in the global market if the right policy mix is conscientiously put in place.

In its 18 February 2009 meeting, the AfDB Board of Directors approved a US$ 30 million line of credit and US$ 7.5 million equity investment in Shelter-Afrique.