AfDB supports growth potential of African midcap private sector through AfricInvest Fund III
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, July 8, 2015, an equity investment of €20 million to the AfricInvest Fund III. Among the well-established and impactful African private equity funds, AfricInvest is one of the longest standing and successful funds. AfricInvest Fund III is targeting €200 million to invest in midcap companies to transform them into regional champions.
AfDB along with other MDBs and IDFC have developed common principles for adaptation finance tracking
The world’s leading development finance institutions have taken an important step forward in tracking more consistently the flows of finance that help countries and people deal with the effects of climate change.
The six large multilateral development banks (MDBs) and the International Development Finance Club (IDFC), a network of national, regional and international development banks, have agreed on a common set of principles to track financial commitments that help countries prepare for and build resilience to the impacts of climate change.
International Financial Institutions announce $400 billion to achieve Sustainable Development Goals
The multilateral development banks (MDBs) and International Monetary Fund (IMF) on Friday, July 10 signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable Development Goals (SDGs).
AfDB invests ZAR 4.5 billion in Development Bank of Namibia
The Board of Directors of the African Development Bank (AfDB) approved on Thursday, July 9, 2015 a line of credit amounting to ZAR 4.5 billion (about US $450 million) to Development Bank of Namibia (DBN) to finance projects in key priority sectors in the country including infrastructure, manufacturing, logistics and tourism.
AfDB approves €16.7 million to improve electricity access in Guinea Bissau’s capital
The African Development Bank (AfDB) Group announced on Wednesday, June 8 the approval of €16.7 million (a €9-million loan and a €7.7-million grant) in financing toward a program which aims to strengthen the electricity distribution network in Guinea Bissau’s capital by rehabilitating the facilities of 31,000 existing subscribers; connecting 10,500 new subscribers; and improving the commercial management and governance of the public utility, the National Electricity and Water Corporation (company named EAGB).