African Development Bank Group (AfDB)

Company description

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). 

Company details

City:
Abidjan
Address:
Avenue Jean-Paul II 01 BP 1387 Abidjan 01, Côte d'Ivoire

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • February 27, 2020

    EIB signs financing grant for 147 MW Ruzizi III HPP project in Africa

    The European Investment Bank (EIB) has entered into an agreement with the Democratic Republic of Congo, Burundi, and Rwanda for the EUR9.1 million (US$9.89 million) grant for the Ruzizi III...

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  • November 19, 2019

    US$ 2.6 bn HSR concession agreement signed in Africa

    The Government of Ghana has signed the concession agreement for the construction of a much anticipated high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of...

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  • November 06, 2019

    Tolaram Group signs loan agreement with China Development Bank for Lekki deep seaport project in Lagos

    The Singaporean conglomerate Tolaram Group has signed a loan agreement worth US$629 million with the China Development Bank for the development of the Lekki deep seaport project in Lago...

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  • October 29, 2019

    Meridiam signs Kinguele Hydropower plant concession contract in Gabon

    Meridiam has signed a 33-year concession contract with the Government of Gabon (GoG) for the 34-MW run-of-the-river Kinguele Aval hydropower plant. Located on the Mbei River, 100 km East from Lib...

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  • October 17, 2019

    AfDB, Climate Investment Funds, Coalition for Green Capital to develop Green financing instruments for Africa

    The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate chan...

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  • October 15, 2019

    Equatorial Guinea signs Lusophone Compact - an initiative to accelerate sustainable private sector development

    The African Development Bank and the governments of Equatorial Guinea and Portugal have signed a country-specific memorandum of understanding for the implementation of the Lusophone Compact, which aim...

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  • September 25, 2019

    Uganda Parliament questions adoption of PPP for expressway project

    The Members of the Parliament in Uganda have expressed dissent over the financing of the planned reconstruction of the Kampala -Jinja expressway development.  The government plans to fund t...

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  • September 03, 2019

    Bulawayo launches consultancy tender for water and sewerage services improvement project

    The Government of Zimbabwe, through the financing from the African Development Fund, launches a tender for consultancy services for the technical Feasibility and PPP Study of Bulawayo Water and Sewera...

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  • August 08, 2019

    Ethiopia receives grant from AfDB for the first 60 km section of Adama-Awash road project

    The government of Ethiopia and the African Development Bank Group have signed a US$ 98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–D...

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  • August 07, 2019

    GSEZ Ports secures finance of EUR 305 million (US$ 340.50 million)

    Gabon Special Economic Zone Ports (GSEZ Ports) has secured long-term debt finance of EUR 305 million (US$ 340.50 million) from PIDG company and the Emerging Africa Infrastructure Fund (...

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