Approvals

Displaying 25 - 36 of 923

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. “By partnering with DAL Group, the Bank will leverage on Sudan’s high agricultural potential...

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%. The new financing is to scale up the country’s largest water and sanitation sector...

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. At the end of the two-day event, the Council commended the efforts made...

African Development Bank’s Board approves Bank’s borrowing program for 2019

14-déc-2018 - The Board of the African Development Bank has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion to be raised from the capital markets. The African Development Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling. The Bank maintains an active presence in the socially responsible investment arena and continues to be a regular...

Congo : La Banque africaine de développement s’engage à appuyer la relance économique du pays

14-déc-2018 - Après deux années de récession due à la crise du secteur pétrolier, l’économie du Congo devrait retrouver des couleurs, avec un taux de croissance de 2 % attendu pour l’année 2018 et de 3,7 % pour 2019. Afin d’accompagner et de consolider le rebond économique du pays, la Banque africaine de développement a approuvé, jeudi 13 décembre 2018, un nouveau Document de stratégie pays (DSP) pour la période 2018-2022 visant à soutenir la diversification et la compétitivité de l’économie congolaise, en faveur d’une...

Kenya: African Development Bank approves €62.914 million loan to improve access to sustainable wastewater services in Nairobi

13-déc-2018 - The African Development Bank’s Board of Directors has approved €62.914 million to finance the provision of sustainable wastewater services through the ‘Nairobi Rivers Basin Rehabilitation and Restoration Program: Sewerage Improvement Project Phase II’. The objective of the project is to improve access, quality, availability and sustainability of wastewater services in Nairobi City to help restore the Nairobi River Basin. The project, co-financed by the French Development Agency (AFD) with additional € ...

Malawi: African Development Bank US$ 35 million loan to boost agriculture and natural resource management

06-déc-2018 - The African Development Bank has approved a US$ 35 million loan for the Shire Valley Transformation Program - Phase 1 (SVTP-1), aimed at reducing poverty through the development of agricultural value chain and climate adaptation mechanisms. The Shire Valley Transformation Project will provide access to gravity fed irrigation and drainage services to the Chikwawa and Nsanje Districts south of Malawi. It will also secure land tenure for smallholder farmers and strengthen management of wetlands and protected areas...

Cameroun : 150 millions d’euros de la Banque africaine de développement pour soutenir la compétitivité et la croissance

03-déc-2018 - Dans la continuité de la première phase du Programme d’appui à la compétitivité et à la croissance économique au Cameroun (PACCE I), le Conseil d’administration de la Banque africaine de développement a approuvé, jeudi 29 novembre 2018, un prêt de 150 millions d’euros pour engager la deuxième phase de cette initiative. Ce vaste programme de réformes est une opération pluriannuelle d’appui budgétaire sur trois ans qui court de 2017 à 2019. Le PACCE I, approuvé en décembre 2017, avait retenu une série de mesures...

The African Development Bank and Africa Growing Together Fund to Provide US$ 200 Million in Joint Financing to support the Nigeria Electrification Project

03-déc-2018 - The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as well as the installation of dedicated power systems for Federal Universities. The Africa Growing Together Fund (AGTF), a US$2 billion facility sponsored by the People’s...

South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa

30-nov-2018 - The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected to boost South Africa’s energy mix and hasten transition to renewable energy. Located in the Humansrus Solar Park, Northern Cape Province of South Africa, the solar power project is expected to generate 466 GWh/year. This will offset diesel-fueled Open Cycle Gas Turbine’s (OCGT’s) operating at peak demand, thereby avoiding and mitigating...

Kenya: African Development Bank Group approves US$18.17 million for the Kopere Solar Project in Kenya

30-nov-2018 - The African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange. The Bank is also in the process of securing a US$ 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP). The Kopere project, which falls under Kenya’s Renewable Energy Feed-in-Tariff (FiT) policy, encompasses the design,...