The Arab Bank for Economic Development in Africa (BADEA), signed loan agreements with the Republics of: Côte d’Ivoire and Niger. The agreements were signed on the sidelines of the Islamic Development Bank (IsDB) 42nd Annual Meetings, that took place in Jeddah, Saudi Arabia, during the period 17-18 May 2017.
The mentioned loans extended by those agreements granted on highly concessional terms and in accordance with BADEA's Seven Five-Year-Plan (2015-2019), and are allocated as follows: -
1. The Republic of Côte D’Ivoire:
The Arab Bank for Economic Development in Africa (BADEA) has signed today, February 19th, 2015, in Khartoum, two loan agreements with Burkina Faso and the Republic of Cameroun, totaling US$ 21,30 million. Details as follows:
A loan of US$ 10 million to assist in financing the “Supply of Drinking Water for “Ouagadougou City” – Phase II project.
In a ceremony during the side meeting of the African Development Bank Annual Meetings held in Rwanda during (19-23 May 2014), the Arab Bank for Economic Development in Africa (BADEA) signed seven (7) loan agreements with the Republics of: Rwanda (US $ 11.20 million for financing the Rural Electrification Project in “Nyagatare” and “Burera” Districts); Seychelles (US $ 6.50 million for financing the Perseverance Island Infrastructures Project (Phase 2); Burkina Faso, (US $ 10 million for financing the Koungoussi - Djibou” Road Project, Lot 1: Koungoussi –Yargo); Côte D’Ivoire (US $ 10 …
The Arab Bank for Economic Development in Africa (BADEA), signs in Khartoum, Wednesday, 18 January 2012, four loan agreements worth US $ 26.1 million US dollar, for the benefit of the Republics of Burkina Faso, Benin, Côte d'Ivoire, and Chad details of these loans as follows:- Burkina Faso: A loan of US $ 1.5 million from (BADEA), to Burkina Faso to finance a Line of Credit for Youth Support Fund. The loan, which is to be reimbursed over a period of 20 years, includes a grace period of 5 years and has an annual interest rate of 1%. The project aims at …
The Arab Bank for Economic Development in Africa (BADEA), has signed four loan agreements worth US $ 25.2 million for the benefit of four countries – Sao Tomé & Principe, Mali, Tanzania and Kenya. The agreements were signed on sideline of The Annual Meetings of the the World Bank Group and the International Monetary Fund (IMF) that took place in Washington, during the period 20-24 September 2011.
The Arab Bank for Economic Development in Africa (BADEA), has signed four loan agreements worth US$ 30.70 million for the benefit of four countries - Mozambique, Cameroun, Sierra Leone and Uganda. The agreements were signed on sideline of the Board of Governors’ 2011 Annual meetings of the Islamic Development Bank that took place in Jeddah, Saudi Arabia, 26-30 June 2011.
In a ceremony held in Cairo, the Arab Bank for Economic Development in Africa (BADEA), signed today, Monday 13 December 2010, four (4) loan agreements with the Republics of: Central African Republic, Mali, Togo and the Kingdom of Lesotho.
The Arab Bank for Economic Development in Africa (BADEA) signed seven Loan Agreements during the period 24 - 27 May 2010 with seven African eligible countries. The loans went to the Republics of Benin, Burkina Faso, Cote d'Ivoire, Mali, Mozambique, Rwanda and Tanzania. The Agreement with Burkina Faso was signed in Ouagadougou, while the Other Agreements were signed in Abidjan, capital of the Republic of Cote d'Ivoire, on the side lines of the Annual Meetings of the African Development Bank (ADB).
H.E. Mr. Abdelaziz KHELEF, Director General of the Arab Bank for Economic Development in Africa (BADEA) will arrive tomorrow, 13 November 2009, Kinshasa, capital of the Democratic Republic of Congo (DRC), in response to an invitation extended by the Government of DRC. The visit is the last leg in a regional tour that took the Director General to Burundi, Rwanda and Congo Brazzaville from 04 November until 17 November 2009.
During his sojourn in Kinshasa, the Director General will be received by H.E.
On the 11th of November 209, Brazzaville city, capital of the Republic of Congo witnessed the signing of a loan agreement between the Republic of Congo and the Arab Bank for Economic Development in Africa (BADEA). By virtue of this agreement BADEA extends to Congo a loan of US $ 10 million to help finance Supply of Drinking Water to "Pointe Noire" town-Phase I.
The project aims at providing water to the project area until year 2039 and contributes to the control of water born diseases, which will in turn improve the health condition of the people, and fight poverty.
In a ceremony held in Istanbul during the joint meeting of the World Bank and International Monetary Fund, the Arab Bank for Economic Development in Africa (BADEA), signed on Sunday 4th of October 2009, a loan agreement worth US $ 10 million with the United Republic of Tanzania to participate in financing of "Same" and "Mwanga" Districts Water Supply Project.
The loan will be repaid in 30 years, including a grace period of 10 years, and at an annual interest rate of 1%.
The Arab Bank Economic Development in Africa (BADEA) and Burkina Faso signed, Wednesday 22nd July 2009, a Line of Credit worth US $ 1.5 million. The ceremony of the signature took place in Ouagadougou the Capital of Burkina Faso.
The year 2008 is the fourth year of the Fifth Five Year Plan (FFYP: 2005-2009). Allocations approved for the FFYP period, amounted to $ 900 million, provided from the Bank's internal equity sources. Within the framework of the Plan, priority was given to agriculture and rural development and infrastructure sectors without neglecting other important sectors such us industry power, health, education and the environment.