Tag Archives: Development Finance

WORLD ENERGY CONGRESS UNVEILS PROGRAM THEMES

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Hope for financing Africa’s Development through private equity

CAPE-TOWN, South-Africa, May 9, 2013/African Press Organization (APO)/ A high-level roundtable on Building Private Equity and Private Capital Markets in Africa, met on 8 May, to explore the promise and obstacles facing private capital investments in Africa. The roundtable of investors and policy makers met under the auspices of the Economic Commission for Africa (ECA) and the World Economic Forum on Africa to navigate the complex world of private equity, which in recent years has shown increased interest. According to the participants, this could be Africa’s next development financing frontier and could mark an end to an aid dependency.

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“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”

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THE AfDB Gender Forum « Changing the state of Gender Equality in Africa » Ramada Plazza Hôtel Gammarth, Tunis-Tunisia, May, 10 2013

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African Development Bank Economist to present report on continent’s wind energy market at Clean Power Africa this month

Some 5000 power professionals to gather in Cape Town

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AfDB and BIDC sign a US$950 000 Technical Assistance Grant

About the Fund for African Private Sector Assistance (FAPA)

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AfDB Supports Rwandese Private Sector with a US $8-Million Line of Credit to the Development Bank of Rwanda

 

KIGALI, Rwanda, March 4, 2013/African Press Organization (APO)/ The African Development Bank (AfDB) (http://www.afdb.org) and the Development Bank of Rwanda (BRD) signed today a US $8-million Line of Credit (LoC) to support BRD lending to the agriculture, agro-processing, telecommunication, education and tourism infrastructure sectors in Rwanda. The signing ceremony, held in the AfDB national office in Rwanda, was chaired by Negatu Makonnen AfDB Resident Representative in Rwanda, and Jack N. Kayonga, BRD Chief Executive Officer.

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Multilateral Development Banks Call for More Coordination on Global Development

Leaders of AfDB, EBRD, IADB, IMF and WB have pledged close collaboration to support development

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International Financial Institutions Call for More Coordination on Global Development

WASHINGTON, February 26, 2013 – Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group have pledged close collaboration to support development and growth.

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AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria

ABUJA, Nigeria, February 5, 2013/African Press Organization (APO)/ The African Development Bank (AfDB) (http://www.afdb.org) signed on Tuesday, January 29, 2013 an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively US $500 million to Bank of Industry (BOI) and of US $200 million to Nigerian Export-Import Bank (NEXIM) in order to support the modernization and expansion of export-oriented small and medium enterprises (SMEs). The LoCs will allow local SMEs to be more competitive, scale up their operations and ultimately create more jobs in Nigeria. The LoCs will include a technical assistance package to strengthen institutional capacity of both BOI and NEXIM as well as their SME clients.

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Posted in African News, Nigeria News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment