Displaying 21 - 40 of 935

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

13-mai-2019 - The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group.

Zambia: African Development Fund approves $11.1 million for public finance reforms

30-avr-2019 - The African Development Fund on Tuesday approved $11.1 million to support Zambia’s public finance and economic management as part of efforts to restore fiscal stability and improve livelihoods in the middle-income Southern African nation. The copper producing country is pursuing reforms to stabilize its economy, particularly, to rein in a widening public debt partly due to commodity price shocks, drought and depreciation of its local currency.

Nigeria: African Development Bank approves US$70 million loan for Ebonyi State road

26-avr-2019 - The African Development Bank Group, on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also providing Nigeria a loan of US$80 million, while the Ebonyi State Government will provide US$17.60 million, for a total project cost of US$167.60 million.

Botswana: African Development extends US$80m line of credit to help industrialization and regional integration

25-avr-2019 - The Board of Directors of the African Development Bank Group (AfDB) has approved a USD 80 million line of credit to the Botswana Development Corporation Ltd (“BDC”) to help the country’s industrialization and regional integration. The line of credit will be provided via the African Development Bank’s private sector window and will be used to finance local companies in the Botswana's manufacturing, transport, logistics and services sectors. In total, the projects are expected to create between 2500 and 2800 jobs...

La Banque africaine de développement soutient la lutte contre le travail des enfants dans les mines de cobalt en RDC

19-avr-2019 - Pour lutter contre le travail des enfants dans les mines de cobalt en République démocratique du Congo (RDC), la Banque africaine de développement a approuvé, mercredi 17 avril 2019, un financement de 84,36 millions de dollars américains en faveur du Projet d’appui au bien-être alternatif des enfants et jeunes impliqués dans la chaîne d’approvisionnement du cobalt (PABEA-Cobalt).

Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company

12-avr-2019 - The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure financing, and further development of the domestic capital market.

African Development Bank Board approves $4.8 million grant to accelerate African free trade

10-avr-2019 - On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into force.

La Banque africaine de développement investit 12,5 millions € dans le fonds Adiwale Fund 1 qui cible l’Afrique de l’Ouest francophone

28-mar-2019 - Le Conseil d’administration de la Banque africaine de développement vient d’approuver une prise de participation de 12,5 millions d’euros dans le fonds de capital-investissement de première génération Adiwale Fund 1, qui cible les petites et moyennes entreprises (PME) à fort potentiel de croissance en Afrique de l’Ouest francophone. Avec une capitalisation cible de 75 millions d’euros, le fonds acquerra des participations minoritaires dans les PME qui sont bien implantées sur leur marché, qui ont un avantage...

African Development Bank approves $20 million investment in Uhuru Growth Fund, to build regional champions across West Africa

27-mar-2019 - The African Development Bank has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle-market businesses across West Africa. Uhuru Partners Limited is composed of an experienced indigenous team with strong local networks, extensive knowledge of the West Africa market and a track-record of SME investments in the region.  

African Development Bank approves $20 Million facility for Green Mini-Grid Program in Democratic Republic of Congo

27-mar-2019 - The African Development Bank Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based mini-grid solutions in the central African nation. The program will supply power to cities with sizeable populations, some of them with a few hundred...

Première réunion statutaire du comité Banque africaine de développement-société civile

21-jan-2019 - Les 15 et 16 janvier 2019, le Comité Banque africaine de développement-société civile a tenu sa première réunion statutaire, au siège de la Banque, à Abidjan.

The African Legal Support Facility to receive € 5 million grant from the European Union

15-jan-2019 - The European Commission has approved a grant of 5 million euros to the African Legal Support Facility, to finance the Facility’s Medium Term Strategy for the next five years. ALSF, hosted by the African Development Bank, to date has supported African countries to negotiate commercial deals worth more than US$60 billion in potential investments, mainly in the infrastructure and extractive sectors.

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency

08-jan-2019 - The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have already signed up to ATI membership.

Gabon : 40 millions d’euros de la Banque africaine de développement pour le nouveau terminal à marchandises du port d’Owendo

07-jan-2019 - Point de passage obligé pour les importations et les exportations gabonaises, le GSEZ New Owendo International Port (NOIP), situé au sud de la capitale Libreville, est en pleine modernisation. Pour en assurer l’expansion, le Conseil d’administration de la Banque africaine de développement a approuvé, le vendredi 14 décembre 2018, un prêt de 40 millions d’euros en faveur du Gabon.

African Development Fund Board approves US$149 million credit risk participations by the Private Sector Credit Enhancement Facility in seven private sector operations targeting low-income countries.

19-déc-2018 - The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on 14 December 2018, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at US$149 million. Launched in 2015 by the ADF, the PSF provides credit risk participations in private sector operations of the African Development Bank in low-income countries, and is on its way to building a US$1.5 billion portfolio of...

Le Conseil d’administration de la Banque africaine de développement approuve le programme d’emprunt de la Banque pour 2019

18-déc-2018 - Le Conseil d’administration de la Banque africaine de développement a approuvé le programme d’emprunt de 2019 pour un montant maximum de 7,24 milliards de dollars américains à mobiliser sur les marchés de capitaux.

African Development Bank invests US$7.5 million in Africa Tech Ventures to boost innovative start-ups

18-déc-2018 - The Board of Directors of the African Development Bank has approved a US$7.5 million equity investment in Africa Tech Ventures (ATV) to boost operations of highly scalable companies that use technology to innovate in key sectors such as consumer goods, corporate services, education, logistics, energy, fintech, agriculture or healthcare. The equity investment is part of the Boost Africa Investment Program, a joint collaboration between the Bank, the European Commission (EC) and the European Investment Bank (EIB...

Sudan: African Development Bank approves US$75 million to DAL Group Co. Ltd to transform country’s food and agriculture

17-déc-2018 - The African Development Bank has approved its first private sector investment in Sudan in a multi-currency loan equivalent to US$75 million to DAL Group Co. Ltd – one of Sudan’s largest food and agriculture business groups. The investment, approved on 13 December 2018, will support the expansion of the company’s vertically integrated food and agriculture operations to transform the Sudanese agriculture and food industry.

Rwanda: African Development Bank approves €115 million, providing 1.5 million people access to water

17-déc-2018 - The African Development Bank’s Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services.  The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate of 45% − a figure that is way below the national average of 85%.

African Water Facility has raised €1.4 billion and funded 117 projects in 52 African countries

17-déc-2018 - The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The Facility has also funded 117 national and regional projects in 52 countries, including transition states, since it began operations in 2006. The AWF received the commendation at the 18th meeting of the Governing Council of the Facility, held 6-7 December 2018 in Abidjan, Cote d’Ivoire.