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AfDB

AfDB, World Bank commit more funds for renewable energies in Africa

March 15, 2019 Khalid Al Mouahidi 0

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

December 7, 2018 Geraldine Boechat 0

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

November 21, 2018 Khalid Al Mouahidi 0

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.   […]

AfDB approves $15 million Equity Investment to boost SME growth in West Africa

September 7, 2018 Steven Addamah 0

The Board of Directors of the African Development Bank has approved a $15 million equity investment in Verod Capital Growth Fund III, a private equity […]

Namibia gets $218 million loan from AfDB

July 20, 2018 Steven Addamah 0

Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the Bank. The loan […]

AfDB Convenes Africa Energy Market Place

July 8, 2018 Geraldine Boechat 0

The inaugural edition of the Africa Energy Market Place (AEMP) was held July 6-7 with the participation of more than 300 public, private and civil […]

African Development Bank debars CHINT Electric for 36 months for fraudulent practices

May 9, 2018 Steven Addamah 0

The African Development Bank Group (AfDB) announced on Monday the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution […]

Africa: Swedfund Commits $14.7 million to Evolution II Energy Fund

April 26, 2018 Steven Addamah 0

Swedfund, Sweden’s development finance institution that supports companies in Africa, Asia, Latin America and Eastern Europe, has invested SEK 126m in the Evolution II Fund, […]

AfDB to launch 12 new projects to support SMEs in 6 African countries

March 28, 2018 Khalid Al Mouahidi 0

The African Development Bank (AfDB) will launch twelve new projects to support agribusiness SMEs in 6 African countries, The Bank said in a statement. The […]

Morocco secures $2 billion funding from AfDB

February 6, 2018 Khalid Al Mouahidi 0

The African Development Bank’s (AfDB) vice president, Khaled Sherif, last weekend said Morocco will benefit from a $2 billion financing from the Bank over the […]

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