Tag Archives: Development Finance
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.
“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.”
THE AfDB Gender Forum « Changing the state of Gender Equality in Africa » Ramada Plazza Hôtel Gammarth, Tunis-Tunisia, May, 10 2013
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
About the Fund for African Private Sector Assistance (FAPA)
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.
Leaders of AfDB, EBRD, IADB, IMF and WB have pledged close collaboration to support 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.
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.
TUNIS, Tunisia, January 17, 2013/African Press Organization (APO)/ – On Wednesday 16th January 2013, the African Development Bank, AfDB (http://www.afdb.org), rated Aaa/AAA/AAA, priced a $1 billion fixed rate US Dollar Global benchmark due 15th March 2018. The deal pays a coupon of 0.875% and a spread of 5 basis points over Mid-Swaps, equivalent to 20.45 basis points over the UST 0.75% due 31 December 2017. Joint Lead Managers on the transaction are BNP Paribas, Deutsche Bank, J.P. Morgan and Nomura.
AfDB Approves US $24 million Equity Investment to Boost East African Development Bank’s Balance Sheet
TUNIS, Tunisia, January 16, 2013/African Press Organization (APO)/ – The Board of Directors of the African Development Bank (AfDB) (http://www.afdb.org) has approved today an equity investment of US $24 million in the East African Development Bank (EADB) to strengthen its balance sheet and contribute to improve its international credit rating. In particular, US $10 million will be “paid in” with the balance in the form of callable capital.