Tunis/Washington/The Hague, May 17, 2011 --- The African Development Bank (AfDB) Group, the Interntional Finance Corporation (IFC)-a member of the World Bank Group), and the Netherlands Development Finance Company (FMO), are investing €66 million in the Dibamba Power Development Company to help it build an 86-megawatt powerplant that will ensure reliable electricity supply and improve energy security in Cameroon.

The Dibamba Power Development Company  is a subsidiary of the AES Corporation in which the government has 44 percent stake..  

Tunis, le 18 mai 2011 - Le Conseil d’administration du Fonds africain de développement (FAD) a approuvé un don de 20 millions d’unités de compte (équivalent à 30 millions de dollars E.U.) destiné à financer un programme d’appui aux réformes économiques et financières  (PAREF) de la Guinée.

French Economy, Industry and Employment Minister, Christine Lagarde, on June 27, 2007, received the African Development Bank (AfDB) Group President, Donald Kaberuka. Discussions during the meeting focused on issues of common interest, especially on official development assistance. France is making considerable contributions to the African Development Fund (ADF) replenishment, private sector development and food security on the continent. Both parties commended Africa’s sustained economic growth of 5.7% while regretting insufficient growth in the agricultural sector which stands at 3%.

Written by Aristide Ahouassou

The African Development Fund Board has approved a USD 64.8 million loan to Uganda to finance the country third Community Agricultural Infrastructure Improvement Programme (CAIIP-3).

The loan, approved on 3 May in Tunis, is a follow-up on two similar programmes namely, CAIIP-1 and CAIIP-2, which resulted from a 2005 Bank review of Uganda’s agricultural and rural sectors.