NAMIBIA MINISTER FOR FINANCE ASK AFDB TO STOP PROJECT TENDER

NAMIBIA MINISTER FOR FINANCE ASK AFDB TO STOP PROJECT TENDER

Namibia Minister ask AFDB to hold tender process for major projects in the nation.

Minister for Finance, Calle Schlettwein has ask African Development Bank to stop the tender process for the rail and road project. This is as a result of dispute that the project will only favour foreign firm.…

Read More

GHANA GET US$1.5M FROM AFDB FOR ENERGY EFFICIENCY

GHANA GET US$1.5M FROM AFDB FOR ENERGY EFFICIENCY

AFDB give Ghana US$1.5m as part of its plans to develop Africa’s energy deficits.

Ghanaian government has receive the sum of US$1.5m for its energy sector. This funds is from the African Development Bank Group (AFDB) with will help support the nation for energy generation. It will also help Ghana …

Read More

AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

Kenya Power will see its funding for the Last Mile Connectivity Project doubled by African Development Bank (AfDB).

AfDB gives Kenya US $30m for the first phase and second phase one of the Last Mile project money.  The funds will cover 600,000 Kenyan households connected to electricity with 314,000 targeted …

Read More

AFDB INVESTS US $12Bn IN NIGERIA POWER SECTOR.

AFDB INVESTS US $12Bn IN NIGERIA POWER SECTOR.

The African Development Bank has revealed plans to invest US $12bn in Nigeria’s energy programme.

AfDb President Akinwumi Adesina,confirmed the statement during the inaugural edition of the Africa Energy Market Place.  Therefor there is need to act speedily to accelerate the plans to light up and power Africa.

“The …

Read More

AfDB AWARDS BEST AFRICAN FINANCE MINISTER TO GHANA

AfDB AWARDS BEST AFRICAN FINANCE MINISTER TO GHANA

Ghana Finance Minister receives African Finance Minister of the year award.

At the annual meeting of the African Development Bank (AfDB) in Busan, South Korea, Ghana’s Finance Minister, Ken Ofori-Atta was named African Finance Minister of the year.

This award is in recognition of the recent positive performance of Ghana’s …

Read More

AfDB APPROVES U$1.5m SOLAR POWER PROJECT GRANT IN NORTHERN NIGERIA

AfDB APPROVES U$1.5m SOLAR POWER PROJECT GRANT IN NORTHERN NIGERIA

Jigawa State Solar power progamme gets US$1.5m grant from AfDB.

The US$1.5m grant for the implementation of Jigawa state “One Giga Watt (GW) Independent Power Producer (IPP) Solar Procurement Programme”, have received approval from the African Development Bank (AfDB).

The approval shows the  commitment of the bank towards developing renewable …

Read More

TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

Tanzania turn to AfDB for Power and Airport projects funding

Tanzania President Magufuli said that the country is in talks with the African Development Bank (AfDB) to finance two mega projects. These projects are Stiegler’s Gorge hydroelectric plant project and the modernization of Dodoma Airport.

According to the president, the …

Read More

TANZANIA SEEK SUPPORT FOR POWER PLANT PROJECT

TANZANIA SEEK SUPPORT FOR POWER PLANT PROJECT

Tanzania Government seek fund for power plant project from AfDB.

Tanzania Government is seeking for fund from African Development Bank(AfDB) for its power plant project. President John Magufuli request for the support from AFDB, During a talk on Tanzania’s administrative capital Dodoma.

AFDB has received the request and is currently …

Read More

AFDB SIGN US$94.52M CONTRACT FOR UGANDA ROAD PROJECT

AFDB SIGN US$94.52M CONTRACT FOR UGANDA ROAD PROJECT

AFDB loans US$94.52m to uganda for the Kapchorwa-Suam-Kitale and Eldoret Bypass Roads Project.

Africa Development bank(AFDB) held a meeting with uganda government about the construction of a major road project in the nation that will help the country construction sector. The contract was signed after the meeting and a loan …

Read More

AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

AfDB sets up state-of-the-art ‎office complex, to consolidate Nigeria as largest regional shareholder.

According to the communications department of the ‎African Development Bank (AfDB), the bank‎ has rewarded Nigeria as the bank’s largest regional shareholder by setting up a state-of-the-art ‎office complex, which will be commissioned by President Muhammadu Buhari …

Read More

AFDB APPROVE LOANS TO IVORY COAST AND MOROCCO FOR RENEWABLE PROJECTS

AFDB APPROVE LOANS TO IVORY COAST AND MOROCCO FOR RENEWABLE PROJECTS

Ivory coast and Morocco gets loan from AFDB for Renewable projects.

The both country are set to get US $324m loan from the Africa development bank to support projects in their countries that will increase power supply and keep economic growth on track.

Morocco is expected to get US $265m …

Read More

CONSTRUCTION OF GUINEA’S NEW BAUXITE MINE GETS FUNDS FROM AFDB

AFBD approve loan for new bauxite mine construction in Guinea which will help achieve the nation Vision 2035 goals.

Africa Development Bank (AFDB) has continue its strategic priorities on development with the approval of US $100m loan for a railway, port and mine construction in Guinea with the project in …

Read More

AFDB APPROVES €112M LOAN FOR TUNISIA ROAD PROJECT

AFDB APPROVES €112M LOAN FOR TUNISIA ROAD PROJECT

Tunisia secure loan for north-east connectivity road from AFDB.

The loan which is for the north-east connectivity road support project was approved by the board of the African Development Bank Group (AfDB) that will help Tunisia economy more competitive.

The project is aimed at supporting the growing demand for the …

Read More

AfDB offers Ghana Agricultural sector US$60m loan

AfDB offers Ghana Agricultural sector US$60m loan

AfDB is set to approve US$60m loan to support farmers in Ghana’s Northern Savannah region.

The Board of Directors of African Development Bank (AfDB) are currently considering the approval of a US$60 million loan to support Ghana’s government Planting for Food and Jobs programme, which is a flagship programme that …

Read More

CONSTRUCTION OF US$751.2m KENYA TANZANIA HIGHWAY BEGINS IN 2018

CONSTRUCTION OF US$751.2m KENYA TANZANIA HIGHWAY BEGINS IN 2018

AfDB says construction of Kenya-Tanzania highway is set to begin by 2018

According to Lawson Zankli, AfDB Chief Regional Program Officer, although the African Development Bank (AfDB) is currently looking for financial partners who will be able to invest US$385.2m for the construction of the highway that will connect Kenya …

Read More

KENYA POWER SIGNS CONTRACT FOR LAST MILE CONNECTIVITY PROJECT

KENYA POWER SIGNS CONTRACT FOR LAST MILE CONNECTIVITY PROJECT

Second phase of Kenya’s Last Mile Connectivity Project (LMCP) begins.

Kenya’s utility company, Kenya Power, have signed 23 contracts for the implementation of the government initiative termed  Last Mile Connectivity Project (LMCP), which aims to connect the entire country to the national electricity grid.

The project which is already in …

Read More

AfDB GRANTS AIR CÔTE D’IVOIRE €98m LOAN AND €17m PARTIAL RISK GUARANTEE

AfDB GRANTS AIR CÔTE D’IVOIRE €98m LOAN AND €17m PARTIAL RISK GUARANTEE

Air Côte D’Ivoire secures €98m loan and €17.06m Partial Risk Guarantee for its expansion program

The Board of Directors of African Development Bank (AfDB) Group have approved a total of €98m loan for Air Côte D’Ivoire to enable the airline expand its operations. The loan consists of a €51.16 million …

Read More

AfDB Releases list of top 10 richest Francophone countries in Sub-Sahara Africa

AfDB Releases list of top 10 richest Francophone countries in Sub-Sahara Africa

AfDb have compiled and released a list of the top 10 richest french speaking countries in Sub-Saharan Africa.

In the latest reports by the African Development Bank (AfDB), The Democratic Republic of Congo (DRC) has been considered as the country with the highest Gross Domestic Product (GDP) in Francophone Sub-Saharan …

Read More

AFDB GETS LAND FROM ZAMBIA FOR ITS PURPOSED BUILDING

AFDB GETS LAND FROM ZAMBIA FOR ITS PURPOSED BUILDING

African Development Bank secure land for its new purposed office after Zambia’s minster of foreign affairs made land available.

Zambia’s Minister of Foreign Affairs has made land  available for African Development Bank to construct its offices in the country. The bank has help the country to achieve  its economic diversification …

Read More
1 2