© 2004 Africonomie.com
Home
Hello and Welcome to Africonomie.com !
It is the gate of the African economy !

Site in construction. Please excuse us but a construction lasts if it is wanted constructive.

africonomie3@yahoo.fr
__________________


Last news :
COMESA: US$ 8 Million Grant in Support of Public Procurement - le 16-08-2006 par

Tunis, 14 August 2006 – The African Development Bank Group and the Common Market for East and Southern Africa on Monday in Tunis, signed an agreement for a grant of 5.66 million Units of Account (UA*), equivalent to US$ 8.40 million to finance procurement reforms and capacity building project in COMESA states.
Mr. Lobe Ndoumbe, Acting Director, Governance, Economic and Financial Management Department, signed the agreement for the Bank while Mr. Sindiso Ngwenya, Assistant Secretary-General for COMESA.
Commenting on the grant from the African Development Fund (ADF), the concessional window of the ADB Group, Mr. Lobe said that the support would enhance and consolidate procurement reforms made under the Bank’s previous support in the domain.
“This new project will support public procurement reforms in COMESA member states by helping to modernize and harmonize laws, regulations, and procurement procedures and by strengthening the countries’ capacities to manage modern procurement systems,” Mr. Lobe emphasized.
For his part, Mr. Ngwenya said the ADF grant illustrates that the Bank group remains a partner in the process of integration of the economies in the region.
“I am glad to report that we are on course to attain the customs union as a result of the many advances COMESA has made in regional inegration. Those advances include the establishment of a Free Trade Area in 2000, which has led to increased intra-COMESA trade, the adoption of common customs laws, and the introduction of many transport and facilitation measures”, he noted.The project is expected to enhance good governance through modern and harmonised public procurement systems.
The expected outputs are: full awareness of the principles and workings of the national and regional public procurement systems by the public and private sectors; publication of national procurement laws and regulations that are consistent with the COMESA procurement directive passed under the Public Procurement Reform Project (PPRP) as well as well-designed procurement training materials and case studies;
It will also result in a well trained critical mass of procurement professionals, capable of managing the modern procurement system; Enhanced capacity at COMESA Secretariat level to implement COMESA objectives, and monitoring of compliance to COMESA Directives and enhanced information technologies and human capacity for collection and dissemination of procurement information.
The governments of member States, the private sector and development partners will benefit from the project through the modernization and harmonization of their national procurement systems and by strengthening their institutional capacity to manage the modernized systems. It will also strengthen the capacity of the Secretariat to assist Member States implement their procurement systems. The project will promote better governance and harmonize public procurement systems in the Member States, which will, in turn, enhance intra-regional trade in COMESA and trade between COMESA and the rest of the world.
The total project cost is estimated at UA 6.36 million, equivalent to US$ 9.44 million. The ADF grant will finance 89 % of the cost, while COMESA will provide the remaining 11 %.
* 1 UA = USD 1.48386 as at 14/08/2006
CONTACT: Felix Njoku – Tel.: +216 71 10 26 12 – E-mail: f.njoku@afdb.org
ADF Approves US$ 3 Million Grant for Agriculture Sector Study in DRC - le 29-06-2006 par

Tunis, 28 June 2006 – The African Development Fund (ADF), the concessional window of the African Development Bank Group, on Wednesday approved a grant of 1.85 million Units of Account (US$ 2.8 million or 1.2 billion Congolese Francs) to finance an agricultural sector study in the Democratic Republic of Congo.



The study seeks to collect reliable and up-to-date data in order to identify the problems of sustainable development of the agricultural sector and better orientate and plan future operations of the Bank and other development partners in the provinces covered.



Project Brief
· Sources of financing: ADB, Government,

· Estimated start-up date and duration: November 2006, for 24 months

· Location: Bandundu, Bas-Congo, Kasaï Occidental, Kasaï Oriental, Katanga, Maniema, Equateur and Kinshasa Provinces

· Executing Agency: Ministry of Agriculture, Fisheries and Livestock, B.P. 8722, Bld du 30 juin, Av. Batela, Tel : 00243 999906017, Fax : 00243 8802381

· Consultancy Services: The recruitment of the consultant responsible for the study will be on the basis of a short list.

The study, which will be carried out in 3 phases, will also ensure an overall sustainable recovery of the agricultural sector. To this end, all livestock, food, fish and forestry production systems will be analyzed, the main constraints identified and appropriate recovery measures defined.



The first phase will carry out a diagnostic analysis of the agricultural sector by sub-sector, province and gender. It will also define strategic guidelines for the development of the agricultural sector and establish computerized databases on stockbreeding, fisheries/fish-farming, forestry and environment, agriculture and gender. During this phase, thematic studies relating to the areas of concentration of the intervention of the lead partners of the sector will be carried out (institutional development, improvement of production and productivity and improvement of rural infrastructure, in particular).



The second phase will be devoted to the formulation of master plans for the agricultural development of the provinces on the basis of options retained at the end of the preceding phase and the comparative advantages of each province. These master plans will constitute the framework for intervention of donors in the province in the area of agriculture.



The third phase will be devoted to the formulation of a priority programme for the development of the agricultural sector with a view to operationalizing the strategic guidelines. During this phase, feasibility studies on the priority operations identified in the provinces will be conducted, and an Environmental and Social Management Plan and a Gender Profile prepared.



The ADB Group operations in the Democratic Republic of Congo started in 1973. To date, its commitments in the country stand at US$2.2 billion in 92 operations.



* UA 1 = US$ 1.49418 = CDF 625.894 as at 01/06/2006

ADB grants a line of credit of US $ 40 million to the Guaranty Trust Bank (GTB) in Nigeria - le 24-05-2006 par
Ouagadougou, le 17 mai 2006 – Mr. Mandla Gantsho, Vice President in charge of Private Sector Operations of the African Development Bank (AfDB) and Mr. Tayo Aderinokun, CEO & Managing Director of the Guaranty Trust Bank (GTB) Plc of Nigeria, signed today a loan agreement of US $ 40 million line of credit (LOC) to support infrastructure and corporate development in Nigeria. The provision of long term lending to this successful Nigeria Bank will assist in the development of Nigeria’s capital markets, supporting the development of investment projects, by small and medium size companies. Currently, Nigeria firms are compelled to fund capital investments with short term resources, a practice which increases risk and curtails the development of long-term projects.
This proposal is consistent with the Nigerian Government’s strategy of mobilising long-term funding for capital investments, and is in line with the Bank’s private sector development strategy. The LOC, through the “wholesale” approach of financial intermediation, will finance and support local Nigerian Corporations and SMEs. GTB has presented a strong and diversified pipeline of projects with expansion plans in sectors such as infrastructures, manufacturing and agriculture.
The facility will help to create a significant number of jobs. The projects financed will promote international trade, and enhance capacity building and Nigeria’s skill base.
Under its private sector window, the Bank has approved financing for eight projects in Nigeria totalling US $ 300 million in the banking, energy, manufacturing and health sectors. In October 1992, the Bank approved a loan of UA 3.987 million to Spintex Nigeria Limited to finance the expansion of a polyester yarn plant. In September 1993, the Bank extended a loan of UA 7.973 million to Consolidated Oil Limited (Conoil), an indigenous oil and gas exploration company engaged in crude oil production. In October 1996, a loan of UA 2.392 million was granted to the Abuja International Diagnostic Centre Limited.
Additionally, Lines of Credit of UA 23.9 million to United Bank of Africa (UBA), UA 13.8 million to FSB International Bank, UA 37.7 million to Citibank and UA 47.50 million to Zenith Bank were approved by the Bank in December 2000, October 2001, September 2002 and January 2005 respectively.
The largest transaction in Nigeria under the Private Sector window was approved in December 2002, whereby the bank provided a USD 100 million loan to NLGN for the expansion of a gas liquefaction plant.
Contact : Technique: M. Hassan m.hassan@afdb.org
© 2004 Africonomie.com