AfDB backs Botswana’s economic transformation, approves 2015-2019 Country Strategy Paper
Executive Directors of the African Development Bank Group (AfDB) have endorsed the Bank’s Botswana Country Strategy Paper (CSP) 2015-2019; which provides a framework for the Bank Group support to Botswana during the period to enable the country achieve inclusive sustainable growth.
AfDB provides US $30 million budget support to basic social services delivery in Malawi
The Board of Directors of the African Development Bank Group meeting in Abidjan, approved a US $30-million sector budget support grant towards the protection of basic social services in Malawi.
North Africa: What impact does FDI have on the people?
The African Development Bank has published a new report on North Africa entitled "Does Foreign Direct Investment Improve Welfare in North African Countries?" Supported by analysis and quantitative data, the report confirms the close links between foreign direct investment (FDI) and the quality of life for people in the six countries of the region (Mauritania, Morocco, Algeria, Tunisia, Libya and Egypt).
Fund for African Private Sector Assistance provides equity to Africlear Global to improve Securities Market Infrastructure in Africa
The Fund for Africa Private Sector Assistance (FAPA) hosted by the African Development Bank (AfDB) signed on March 5, 2015 in Abidjan a seed equity investment of US $400,000 to Africlear Global. The goal of the investment is to enhance the efficiency of capital markets by supporting the modernisation of central securities depository infrastructure in African securities markets.
AfDB approves a US $40 million Risk Participation Agreement with Banco Santander S.A. (Spain) to support Trade Finance in Africa
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 22, 2015 an unfunded US $40 million Risk Participation Agreement (RPA) with Banco Santander S.A. (Santander) to support issuing banks in Africa expand their trade finance operations. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agriculture and manufacturing. It will also foster financial sector development and regional integration, and contribute to government revenue generation.
