Tag «AfDB»

AfDB, Nordic Development Fund, Global Environment Facility and Calvert Impact Capital partner in US $55-million investment into Off-Grid Energy Access Fund

Abidjan, Côte d’Ivoire, January 4, 2018 – On December 15, the African Development Bank’s Board approved a US $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (“FEI OGEF”). This follows the approval of additional investments of US $10 million from Calvert Impact Capital (CIC), US $8.5 million from the Global Environment …

AfDB and WWF agree to focus on conservation, energy and agriculture

Abidjan, Côte d’Ivoire, 30 November 2017 – The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year partnership agreement. The agreement comes on the heels of a three-year Memorandum of Understanding (2014-2017) in which the two organizations committed to deliver major eco-conservation programmes for Africa. Commenting on …

AfDB issues its first Light Up and Power Africa theme Bond

  Abidjan, Côte d’Ivoire, 5 October 2017 – The African Development Bank (AfDB) has issued the first “Light Up and Power Africa” Bond for SEK 733 million (approximately JPY 10 billion) sold to the Dai-ichi Life Insurance Company, Limited, the sole investor in the transaction.   The “Light Up and Power Africa” Bond supports AfDB’s …

AfDB approves US$200 million to IDC to support industrialisation projects in Africa.

Abidjan, Côte d’Ivoire 29 September 2017 – The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and   1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South …

AfDB joins international community in supporting sustainable tourism development in Africa

Abidjan, Côte d’Ivoire, September 27, 2017 – This World Tourism Day, September 27, 2017, the African Development Bank has called for collaborative actions from all stakeholders for sustainable tourism development in Africa. The Bank recognizes that Africa’s tourism and travel industry can serve as an engine of progress for socioeconomic transformation. The United Nations’ World …

AfDB, AU, UN agencies pledge more action for Africa’s industrial transformation

Implementation to be anchored on AfDB’s Industrialize Africa Strategy Abidjan, Côte d’Ivoire, September 22, 2017 – The African Development Bank (AfDB) on Thursday, September 21, 2017, joined partners from the African Union Commission, African governments, key United Nations agencies and development finance institutions to renew support for African countries’ industrialization. The partners also agreed to …