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Company Overview of African Development Bank
African Development Bank operates as a multilateral development finance institution in Africa. It finances development projects and programs in cooperation with other national or international development institutions; offers technical assistance in the selection, study, and preparation of projects; and promotes investments of public and private capital in projects and programs designed to contribute to the economic and social progress of the regional member states. The company also provides sovereign guaranteed loans for public sector and non-sovereign guaranteed loans for public and private sectors; lines of credit, including for trade finance; agency lines; guarantees, such as partial cre...
01 Boite Postale
7è étage, immeuble crrae umoa plateau
Founded in 1964
Key Executives for African Development Bank
Vice President of Finance
Chief Operating Officer and Director Office of First Vice President
Chief Operating Officer and First Vice President
General Counsel and Director
Compensation as of Fiscal Year 2014.
African Development Bank Key Developments
African Development Bank Presents at Africa Down Under Conference, Sep-03-2014 12:20 PM
Sep 1 14
African Development Bank Presents at Africa Down Under Conference, Sep-03-2014 12:20 PM. Venue: Pan Pacific Perth & Novotel Perth Langley, Perth, Western Australia, Australia. Speakers: Sheila Khama, Director of Africa Natural Resources Center.
Africa Development Bank Presents at Latin America-Africa Investment Summit, Aug-12-2014
Aug 9 14
Africa Development Bank Presents at Latin America-Africa Investment Summit, Aug-12-2014 . Venue: Hyatt Regency Johannesburg, 191 Oxford Road, Rosebank, Johannesburg, South Africa. Speakers: Keith Martin, Risk Mitigation in Africa Private Sector, Neside Tas Anvaripour, Head of Africa 50 Fund, Sheila Khama, Director A frica Natural Resources Center.
African Development Bank to Finance First Renewable Energy Independent Power Producer Project in South Africa
Jun 26 14
On 23 June 2014, the Board of Directors of African Development Bank approved a senior loan of USD 142 million, including a USD 41.5 million concessional financing from the Clean Technology Fund (CTF), to finance the construction of the 100 MW concentrated solar power (CSP) plant XiNa in South Africa. The Project cost is estimated at USD 908 million (ZAR 9,538 billion equivalent). Senior debt will be financed by the AfDB, and other Development Finance Institutions as well as three South African commercial banks. XiNa is a 100 MW CSP plant using parabolic trough technology and a superheated steam cycle with a storagecapacity of 1,650 MWh (equivalent to approximately 5 hours full load storage), configured to partially cover the South African peak load demand. This facility is located in the Northern Cape Province, South Africa and it shall be interconnected by the Special Purpose Vehicle (SPV) by a 3km transmission line to a nearby existing substation. This project aligns well with both internal and external policies and strategies. From South Africa's perspective, the project supports the Government's energy strategy that emphasizes the diversification of energy sources as set out in the National Integrated Resource Plan (2010 - 2030). XiNa will support the country's ambitious target to reduce its huge dependence on coal fired power plants increase access to clean power, and reduce the peak power generation costs.
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