Most Recent News

Japan Pledges $30bn For African development

The Japanese prime minister, Fumio Kishida, has pledged $30 billion (€30.1 billion) over three years in an apparent effort to counter China’s rising influence on the continent. This followed Beijing’s.

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Japan, AfDB declare US$5 bn support for Africa’s Private Sector

The government of Japan and the African Development Bank, AfDB, have declared a US$5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative.

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Malawi Government Gives K462m for Tourism Matching Grants

Minister of Tourism Michael Usi has presented matching grants to 18 successful Tourism operators totalling over K400 million. Speaking during the handover ceremony, Usi said the marching grants are in.

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AfDB hails coherence of Morocco’s development plan, resilience of its economy

President of the African Development Bank (AfDB) and Chairman of the Africa50 Board of Directors, Akinwumi Adesina, hailed on Tuesday in Marrakech the coherence of Morocco’s development plan and the.

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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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