La BAD a alloué en janvier dernier à l’Union des Comores un don de 2 millions d’Unités de compte, soit environ 3 millions de dollars pour appuyer les réformes dans le secteur de l’énergie et de la gouvernance financière (PARSEGF).

The Board of Directors of the African Development Bank (AfDB) has approved today a senior loan of US $100 million to Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to build and operate a gas to urea fertilizer plant located in Port Harcourt, Nigeria, that will serve markets in Benin, Brazil, Ghana, India, Nigeria, South Africa, the United Kingdom and the United States of America. The project will allow Nigeria, which relies heavily (80 per cent) on imported fertilizer, to progressively become self-sufficient and a major exporter.

The Board of Directors of the African Development Bank (AfDB) has approved today an equity investment of US $24 million in the East African Development Bank (EADB) to strengthen its balance sheet and contribute to improve its international credit rating. In particular, US $10 million will be “paid in” with the balance in the form of callable capital.

The Board of Directors of the African Development Bank (AfDB) has approved today a line of credit of 13 million euros to support small and medium enterprises and industries (SME/SMI) in Niger. The line of credit (LoC) provided to Société Nigérienne des Banques (SONIBANK) will allow to respond to the SME/SMIs’ need of financing in various sectors including agro-food, poultry, construction, public works, trade, transport, educations and health.

The African Development Bank and the Government of the Republic of Zambia signed, on December 19, a loan agreement for US $55 million to support the Itezhi-Tezhi Hydro Power and Transmission Line Project through the construction and operation of a 120 megawatt hydropower plant at Itezhi-Tezhi dam along the Kafue River. This loan was approved by the Bank’s Board of Executive Directors on June 13, 2012.