US $32.5m approved for energy projects in Africa
US $32.5m has been approved by the African Development Bank Group (AfDB) to help with energy projects in Africa. Amadou Hott, the […]
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AfDB grants $322m for road projects in Burundi and Tanzania
The African Development Bank Group (AfDB Group) has approved $322.35m loans and grant to Burundi and Tanzania to finance the […]
AfDB to give $2 billion for mega projects in East Africa
The African Development Bank (AfDB) will fund infrastructure projects by Eastern African countries to the tune of $2 billion over […]
AfDB to partner with Korea on Korea-Africa energy investment facility
The government of Korea has signed a letter of intent with the African Development Bank, AfDB to launch the Korea–Africa […]
AfDB achieves historic disbursement of US $7.81 billion, exceeding 2017 target
The African Development Bank, under the leadership of its President, Akinwumi Adesina, has increased disbursements to support the structural transformation […]
Tanzania turns to AfDB to fund mega power, airport projects
Tanzania has turned to the African Development Bank (AfDB) to finance the Stiegler’s Gorge hydroelectric plant project and modernization of Dodoma Airport. […]
AfDB officially launches Africa Investment Forum
The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed […]
Africa needs $170bn annually to meet infrastructure requirement – AfDB
The African Development Bank (AfDB) has said Africa needs about $170 billion annually to meet its infrastructure requirements. Vincent Nmehielle, […]
AfDB provides support for Batoka Hydroelectric project
The African Development Bank (AfDB) has provided support for the Batoka Hydroelectric project, in terms of advising how funds can […]
AfDB to invest US $12bn on renewable energy in Africa
The African Development Bank (AfDB), in a bid to improve renewable energy development, will spend US $12bn in Burkina Faso, Djibouti, Eritrea, Ethiopia, […]
EAIF raises $385m to drive five-year business plan
The Emerging Africa Infrastructure Fund(EAIF), managed by Investec Asset Management (IAM), has completed its latest fundraising round, raising $385-million in new long-term […]
AfDB expresses strong support for new Eskom leadership
The African Development Bank (AfDB), which has extended loan facilities worth a collective R20-billion to South Africa’s power utility Eskom, expressed confidence on Tuesday that the […]
AfDB boosts railway, port and mine construction in Guinea
The African Development Bank says it has approved a US $100m loan for a railway, port and mine construction in […]
AfDB grants loan support to two African renewable energy projects
The African Development Bank (AfDB) has approved $324-million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies […]
AfDB approves $160m loan for second Nairobi runway
The African Development Bank (AfDB) has approved a $160-million loan to Kenya for building a second runway at the main airport in the capital Nairobi, the bank said on […]
AfDB launches youth advisory group to tackle joblessness
The President of the African Development Bank Group (AfDB) in Côte d’Ivoire, Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative […]
Kenya: It’s Sh7.7 billion per kilometre for new JKIA runway
A new 4.8-kilometre runway that can handle larger aircraft is set to be built at the Jomo Kenyatta International Airport. […]
AfDB approves $200m to IDC for industrialisation projects in Africa
The African Development Bank Group (AfDB) has approved a private sector multicurrency line of credit of $100-million and R1.3-billion to South Africa’s Industrial Development Corporation (IDC).
AfDB sells first $39m Industrialise Africa theme bond
Development finance institution, the African Development Bank (AfDB), has sold an Industrialise Africa theme bond to Fukoku Mutual Life Insurance Company for $39.21-million.
Ghana officials showcase progress on international airport project
Five million passengers a year are expected to pass through a new terminal being constructed at Ghana’s Kotoka International Airport (KIA), […]
AfDB’s sustainable energy fund for utility-scale solar PV project in Lesotho
The African Development Bank- (AfDB-) managed Sustainable Energy Fund for Africa (Sefa) has approved a $695 500 grant to NEO I SPV, a subsidiary of independent power […]
AfDB approves $253m for Uganda-Kenya connecting road upgrades
The African Development Bank (AfDB) has approved $253-million in loans to the governments of Kenya and Uganda for the upgrading of a 118- km road section connecting the two […]
AfDB to review development of Senegalese power plant after complaints
The African Development Bank (AfDB) will review compliance eligibility at the €206-million, 125 MW Sendou coal-fired power plant project in Senegal, following several community complaints. Two […]
AfDB lends Tanzania $29.8m for natural gas developments
The African Development Bank (AfDB) has approved a $29.8-million loan to Tanzania to help the country mobilise domestic resources and unlock the potential of its natural […]
AFD grants South Africa US$477m to advance national power grid
The French Development Agency (AFD) has provided South Africa’s power utility Eskom with US $477.7 million credit facility.
Mali to build $25m solar plant with AfDB loan
Mali’s first utility-scale solar photovoltaic (PV) power plant, the 33 MW Segou project, which will be built at a cost […]
AfDB backs Uganda-Rwanda Highway project
The construction of Uganda- Rwanda Highway is now set to kick off after the African Development Bank (AfDB) signed loan agreements of $151 million to finance the project.
Africa is open for business: the African Development Bank calls on African private sector
Africa’s private sector will continue to lead the continent towards economic transformation, African Development Bank President Akinwumi Adesina said at the […]
AFDB to fund JKIA’s new US$ 612-m terminal
The African Development Bank (AfDB) will be the lead financier of the US$612-million new airport terminal at Jomo Kenyatta International […]
AfDB loans Burundi US$29.49m for road improvement
The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi for Phase 1 of the Nyakararo-Mwaro-Gitega […]
AFDB pledges support for bridge construction
The Africa Development Bank (AfDB) has pledged to work closely with the governments of Botswana and Zambia to accelerate the […]
South Africa: AfDB Approves loan for South African solar project
The African Development Bank has approved a US$142-million loan to help fund the construction of a $908-million, 100-megawatt (MW) concentrating […]
