African Water Facility Supports the Construction of Multi-Purpose Dams in Zambia to Build Resilience to Climate Change, Increase Food Security
The African Development Bank approved on August 29, an African Water Facility (AWF) grant of €950,000 to support a project to help the Government of Zambia develop, test and adopt updated guidelines, which will be used as framework for programming as well as designing the financing, construction and operations of multi-purpose small dams.
AfDB Injects USD 7 Million Equity into Pan African Housing Fund to Increase Access to Housing in African Cities
The Board of Directors of the African Development Bank (AfDB) has approved on 6 September 2012 a USD 7 million equity investment in the Pan African Housing Fund (PAHF), a private equity fund targeting the lower-middle and middle-middle class residential housing market in Africa. This contribution will allow PAHF to help grow the capacity of local developers to deliver housing development projects that address the severe shortage of housing and corresponding infrastructure required to keep pace with Africa’s fast-paced urbanization.
SEFA Approves First Grant for Conceptualization of Green Tech Financial Facility
The Sustainable Energy Fund for Africa (SEFA), a joint initiative of the Danish government and the Energy, Environment and Climate Change Department (ONEC) of the African Development Bank (AfDB), approved on August 17 its first grant of USD 825,000 to finance the concept phase of the Green Tech Financial Facility – a vehicle for investments in private-sector driven green technology projects – including market scoping and positioning studies, fund conceptualization and fund manager selection.
Government of Ethiopia and AfDB Sign US$ 251-million Loan Agreement to Finance Basic Services
The Government of Ethiopia and the African Development Bank signed a US$ 251-million loan agreement Friday for the “Promoting Basic Services” (PBS) Phase III Program at a ceremony held at the Ethiopian Ministry of Finance and Economic Development in Addis Ababa. H.E. Ahmed Shide, State Minister of Finance and Economic Development, and Mr. Lamin Barrow, the Bank’s Resident Representative in Ethiopia, signed on behalf of the Government of Ethiopia and the African Development Bank respectively.
La BAD soutient des réformes économiques au Burundi avec un don de BIF 20 milliards
«La BAD est un des grands contributeurs au financement du développement du Burundi… Nous apprécions les appuis multiformes que l’institution ne cesse d’accorder au gouvernement et au peuple burundais».
M. Tabu Abdallah Manirakiza, ministre des finances et de la planification du développement économique du Burundi, a fait cette déclaration, mercredi 8 août 2012 à Tunis, lors de la signature avec la BAD, d’un accord de don de 20 milliards de Francs burundais (BIF), en vue du financement du 5ème programme d’appui aux réformes économiques du pays.