TANZANIA PRESIDENT UNHAPPY WITH LOAN CONDITION FROM FINANCING AGENCIES

TANZANIA PRESIDENT UNHAPPY WITH LOAN CONDITION FROM FINANCING AGENCIES

President John Magufuli unhappy with loans condition but assures that they can repay the money.

President John Magufuli is unhappy with the loan condition set by some multilateral financing agencies. According to him Tanzania has the resource to pay, but that the loan is getting to much.

The President made …

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KENYA THWAKE DAM GETS US$235M LOAN FROM AFDB

KENYA THWAKE DAM GETS US$235M LOAN FROM AFDB

Africa development bank (AFDB) approve two loans for the completion of Thwake dam in Kenya.

Africa development bank (AFDB) is making wave this period with its latest offer to Kenya. After releasing its AIIF3 just a couple of days ago, the firm has also approve two loans to Kenya. This …

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AFRICAN NATIONS TO GET US$40M FROM AFDB FOR INFRASTRUCTURE DEVELOPMENT

AFRICAN NATIONS TO GET US$40M FROM AFDB FOR INFRASTRUCTURE DEVELOPMENT

AFDB plans to release US$40m under the Africa Infrastructure Investment Fund (AIIF) to its Regional offices in Africa.

Developing Africa infrastructure is vital if the continent wants to reach the peak of its development. This is why Africa Development Bank (AFDB) is spurring sustainable development and social progress in the …

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AFDB APPROVE LOAN FOR KAMPALA-JINJA EXPRESSWAY PROJECT IN UGANDA

AFDB APPROVE LOAN FOR KAMPALA-JINJA EXPRESSWAY PROJECT IN UGANDA

AFDB approves loan for Kampala-Jinja Expressway project in Uganda.

Uganda has receive a loan worth US$229.5 million from the African Development Bank. This loan is to help finance phase one of the Kampala-Jinja Expressway project.

Meanwhile, the aim is to help Uganda reinforce its position as a regional transit hub. …

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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.…

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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