Africa’s economy to grow despite external shocks – AfDB
Africa’s economic growth is forecast to rise to about 4% this year and next year from 3.4% in 2019, driven by infrastructure investments and natural […]
AfDB
Tanzania gets AfDB’s $55 million facility to jumpstart private sector-led economic growth
The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in […]
ECOWAS endorses Adesina for second term as President of the AfDB
The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the […]
AfDB approves $204 mln for Morocco’s Social Protection Program
The African Development Bank (AfDB) has approved funding of $204 million to improve social protection in Morocco, the international lender said in a statement. According […]
AfDB approves financial package for Ethiopia-Djibouti road corridor
The African Development Bank (AfDB) has approved a financial package worth over $100 million for the construction of a road transport corridor between Ethiopia and […]
AfDB okays $8 million loans to Kenyan SMEs
In Kenya, local financial institution, Credit Bank, has received about $8 million from the African development bank (AfDB) to support lending to small and medium-sized […]
Afdb approves €12.5 million investment in Adiwale Fund 1 targeting Francophone West Africa
The Board of the African Development Bank has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high […]
AfDB, World Bank commit more funds for renewable energies in Africa
The African Development Bank (AfDB) will soon launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy, the bank’s president […]
Cameroon receives €150 million from AfDB to support competitiveness, 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 […]
Kenya gets new €235 million loans to complete Thwake dam
The African Development Bank (AfDB) has approved two loans worth €235.763 million for the completion of a dam on Thwake River in southern Kenya. […]