AfDB approves $15 million Equity Investment to boost SME growth in West Africa
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 […]
AfDB
Namibia gets $218 million loan from AfDB
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
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
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
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
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
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 […]
African heads of State, CEOs seek partnerships at WEF
African CEOs, policymakers and heads of state have joined the global business leaders at the World Economic Forum in Davos, Switzerland, as the continent seeks […]
AfDB injects $107 billion in Burkina-Niger road project
The African Development Bank (AfDB) will release about $107 million to finance the construction and rehabilitation of a 218 km road connecting Burkina Faso to […]
African Development Bank outlook stable – Fitch Affirms
Fitch Ratings has confirmed the African Development Bank’s (AfDB’s) Issuer Default Rating (IDR) rating, keeping it at “AAA” with a stable outlook. AfDB enjoys strong […]