Most Recent News

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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AfDB approves €17.96 million Ring-Road project to improve socio-economic growth in Cameroon

The African Development Bank (AfDB) has approved a € 17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of.

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Gabon receives € 100 million from AfDB to consolidate economic reforms

In 2016 and 2017, the African Development Bank granted two budget support to Gabon, to support the country’s reforms aimed at restoring macroeconomic stability following the collapse of oil prices.

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AfDB partners with Entreprenarium to build capacity of 1,000 women entrepreneurs in Africa

The African Development Bank, as part of its African Women’s Access to Finance Initiative (AFAWA), is partnering with Entrepreneur to build the capacity of 1,000 women entrepreneurs on the continent..

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AfDB Approves €235 Million Loan for Completion of Thwake Dam

The African Development Bank has approved two loans worth €235 million (Sh27.4 billion) for the completion of construction work on Thwake dam on Thwake River in southern Kenya. The dam.

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AfDB approves $123 million grant for Ethiopia’s Basic Services Transformation Programme

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, has approved additional resources to Ethiopia’s Basic Services Transformation Programme in.

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AfDB approves $40m equity investment in Africa Infrastructure Investment Fund

The Board of Directors of the African Development Bank has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed.

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