Approvals

Displaying 81 - 100 of 930

Guinée équatoriale : la Banque africaine de développement à l’appui de la diversification économique et du renforcement des politiques publiques

06-sep-2018 - Le Groupe de la Banque africaine de développement s’est engagé à épauler la diversification économique de la Guinée équatoriale dans l’agro-industrie et à soutenir un programme de renforcement des capacités visant à favoriser le développement de ses politiques publiques.

Trade Finance: African Development Bank approves US$ 250-million Risk Participation Agreement with ABSA

20-juil-2018 - The Board of Directors of the African Development Bank on Wednesday, 18 July  2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited.  This Risk Participation Agreement housed within African Development Bank’s Trade Finance operations, will enhance African issuing banks’ ability to leverage trade financing through a multi-sectorial approach.

Une prise de participation de 20 millions d'euros de la Banque africaine de développement pour faire émerger des multinationales africaines

20-juil-2018 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, vendredi 20 juillet 2018, une prise de participation de 20 millions d’euros dans le fonds d’investissement Maghreb Private Equity Fund IV (MPEF IV), d’AfricInvest.

Namibia secures ZAR 3 billion budget support loan from African Development Bank

18-juil-2018 - The Board of Directors of the African Development Bank has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia’s  Economic Governance and Competitiveness Support Programme (EGCSP II). The loan facility,  second of a two-year programmatic series, will support the budget for the fiscal year 2018/19. It aims at strengthening  public financial management and improving the quality and efficiency of public sector spending, while laying a solid foundation for...

African Development Bank approves South Africa Country Strategy Paper

18-juil-2018 - The African Development Bank has approved a string of measures aimed at supporting South Africa’s economic development ambitions as an upper Middle-Income Country. This support package is contained in the Bank’s Country Strategy Paper (CSP) 2018-2022 for South Africa, which will guide the Bank’s operations in the country during the next five years. The new plan builds on the previous CSP 2013 – 2017 and will advance hard regional infrastructure investments and soft mechanisms that deepen trade and regional...

Cabo Verde: African Development Bank approves €20 million for private sector competitiveness & local economic development program

18-juil-2018 - The Board of Directors of the African Development Bank has agreed to award to the Republic of Cabo Verde, a €20-million loan to finance the first phase of the country’s  Private Sector Competitiveness and Local Economic Development Program (PSC-LED). The objective of the program is to spur private sector and local entities to make greater contribution to growth and employment and to support the National Development Plan’s private sector- led development.

La Banque africaine de développement approuve les plans de la Facilité africaine de l’eau pour 2018

04-juil-2018 - Le Conseil d’administration de la Banque africaine de développement a approuvé le plan de travail et le budget de la Facilité africaine de l’eau (FAE) pour 2018. Ce plan cherche à remédier aux difficultés antérieures. Il propose également des solutions à des problèmes urgents : la mobilisation des ressources, l’attribution des postes vacants, le suivi plus attentif des projets en cours, la résolution accélérée des problèmes et le renforcement des capacités des agences d’exécution des projets.

SMEs promotion gains traction through FAPA funding

02-juil-2018 - Leveling the playing field for Small and Medium-sized Enterprises (SMEs) in Africa is one of FAPA’s (Fund for African Private Sector Assistance) priority goals. To achieve this objective, FAPA donors have approved four projects worth US $3.9 million, bringing the total number of FAPA approved projects to seven and the cumulative grant amount to US $6.4 million since the beginning of this year.

African Development Bank approves Mozambique’s Country Strategy paper 2018-2022

27-juin-2018 - Mozambique’s agriculture sector plays a paramount role in its economy, in particular from a rural growth perspective, given its large yet untapped potential for agro-business and agricultural value chains. The private sector also remains a critical player in the country’s development process. However, lack of infrastructure and support to agricultural transformation and value chain development have disadvantaged rural populations and the country’s agriculture potential.

African Development Bank invests in Sudan agribusiness

19-juin-2018 - To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan. Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.”

Promoting food security: African Development Bank approves US$ 15m equity investment in Africa Food Security Fund to boost agri-business in Africa

13-juin-2018 - In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa

The African Development Bank and the Climate Investment Funds support their first private sector-led geothermal power plant in Kenya

08-juin-2018 - The African Development Bank approved on June 6, 2018 a senior loan of US $29.5 million and a concessional loan of US $20 million from the Climate Investment Funds (CIF) Clean Technology Fund (CTF) to Quantum Power East Africa GT Menengai Ltd.

Stimulating Africa’s bond markets: African Development Bank approves US $10-million equity investment in Financial Sector Deepening Fund

08-juin-2018 - To strengthen the capital base of local financial institutions and stimulate Africa’s corporate bond market, the African Development Bank has approved a US $10-million investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager. The Fund seeks to raise US $100 million by the first closing and US $200 million by the second closing and to invest over 10 years to address the growing demand among local financial institutions for Tier 2...

African Development Bank promotes better access to mortgage finance in Ghana

06-juin-2018 - The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana.

African Development Bank supports agricultural value chain development to improve household incomes and food security in the Sudan

06-juin-2018 - To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.   Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.”

African Development Bank and Republic of Korea to strengthen cooperation through Korea-Africa Tech Corps Program

31-mai-2018 - The African Development Bank and the Republic of Korea have signed a cooperation agreement to enhance joint efforts to provide additional technical assistance to the Bank’s Regional Member Countries through the Korea-Africa Tech Corp Program.

Aux Assemblées annuelles de la Banque africaine de développement, la Corée annonce l’octroi d’une enveloppe financière de 5 milliards de dollars à l’Afrique

23-mai-2018 - La Corée a annoncé qu’elle allait octroyer une aide financière bilatérale de 5 milliards de dollars à l’Afrique lors de la clôture de la Table ronde ministérielle de la Conférence de coopération économique Corée-Afrique (KOAFEC), en marge des Assemblées annuelles de la Banque africaine de développement à Busan.

Nigeria: African Development Bank approves US$100 million for expansion of fertilizer production

17-mai-2018 - The African Development Bank has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.

Mali : la Banque africaine de développement accorde un prêt de 8 millions d’euros pour soutenir le commerce

17-mai-2018 - C’est une bonne nouvelle pour le commerce au Mali, mais surtout pour les petites et moyennes entreprises : le Conseil d'administration de la Banque africaine de développement a approuvé, le 16 Mai 2018 à Abidjan, en Côte d’Ivoire, une ligne de crédit de 8 millions d’euros en faveur de la Banque sahélo-saharienne pour l’investissement et le commerce au Mali (BSIC-Mali). Celle-ci devrait profiter de cette ligne de crédit pour renforcer ses efforts de financement au profit des petites et moyennes...

Maroc : la Banque africaine de développement mobilise 200 millions d’euros pour l’agriculture

16-mai-2018 - Le Conseil d'administration du Groupe la Banque africaine de développement (BAD) a approuvé un prêt de 200 millions d’euros pour financer le Programme d’appui au développement inclusif et durable des filières agricoles (PADIDFA). Cette nouvelle opération a pour objectif d’appuyer la création d’emplois en zones rurales par le développement inclusif de chaînes de valeur agricoles.