Most Recent News

Development Bank Ghana Seeks Fivefold Lending Leap in 5 years

Development Bank Ghana, which officially starts operations on Tuesday with about $800 million in the capital, plans to grow lending fivefold over the next five years to help end a.

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African Development Bank approves $1.5 billion emergency food facility

The African Development Bank, AfDB, has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. The fund is expected to help avoid a looming.

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Egypt, Kuwait Sign $2.5 Million Railway to Sudan Deal

Egypt and Kuwait have agreed to collaborate on the construction of a train connecting Egypt and Sudan. The $2.5 million deal was inked by Egypt’s Ministry of International Cooperation and.

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Rwanda Secures €115m African Development Bank Loan

The African Development Bank’s Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and.

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African Development Bank funds $410m power transmission expansion projects

The African Development Bank is funding four critical electricity transmission lines under the Nigeria Transmission Expansion Programme with a total sum of $410m. According to the Transmission Company of Nigeria,.

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African Development Bank to raise $7.24bn from capital markets next year

The Board of African Development Bank has approved the institution’s 2019 borrowing programme to the tune of $7.24 billion to be raised from the capital markets. A statement said bank.

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African Development Bank delivers strong development results in Egypt

The African Development Bank (AfDB) has published the ‘Country Results Brief’ on Egypt. The report, which looks at Egypt’s economic situation, puts a spotlight on Bank’s investments in the energy,.

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Cameroon receives €150 million from AfDB to support competitiveness and growth

As a continuation of the first phase of the Program to Support Competitiveness and Economic Growth in Cameroon (PACCE I), the Board of Directors of the African Development Bank has.

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AfDB approves a ZAR3b loan to bolster renewable energy in South Africa

The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project, which is expected.

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Senegal receives 51 million euros from the AfDB to finance a power plant

The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a 120-megawatt combined-cycle dual-fuel.

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