Africa development bank (AFDB) Archives

CONTRACTOR HANDOVER COMPLETED PLEEBO DISTRICT MODERN MARKET IN LIBERIA

Posted on October 20, 2020 by Gambeta News

The Pleebo district modern market is now ready for use after contractor handover the completed project to the government. The ceremony brought joy to Marketers and some citizens in Pleebo, Maryland County Electoral district#2, Southeast Liberia who lauded the government and its partner for the completion of the market. African Development Bank (AFDB) through the Smallholder Agriculture Productivity Enhancement and Commercialization (SAPEC) project, in partnership with Liberia’s Ministry of Agriculture (MOA) funded the US$430,424.88 modern…

AFDB APPROVES GRANTS FOR BRIDGE CONSTRUCTION LINKING CHAD AND CAMEROON

Posted on May 7, 2020 by Gambeta News

The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river. The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30th April 2020. The facility is from the Investment Facility for Africa under a framework agreement between the Bank Group and the European Commission. The funds will…

CONSTRUCTION OF THE CAMEROON-NIGERIA ROAD TO COMMENCE SOON.

Posted on October 24, 2019October 24, 2019 by Gambeta News

Cameroon signs US $20 million loan form African Development Bank (AfDB) for the construction of the Cameroon-Nigeria road. This project is in line with the government’s vision to build a harmonized and efficient road network in the country as well as linking other neighboring countries. This vision is aimed at exposing the country to possible investors and reducing the poverty in the country while promoting domestic and regional trade. The road will be 357 kilometers…

AFDB APPROVES INVESTMENT PACKAGE TO INFRACREDIT IN NIGERIA

Posted on April 15, 2019 by Gambeta News

InfraCredit aims to support up to $1.25 billion in infrastructure after approval from AFDB. Africa development bank (AFDB) has approve US$15 million for investment package to infrastructure Credit Guarantee Company (InfraCredit). The fund will be use to help support infrastructure financing through the domestic debt capital markets in Nigeria. InfraCredit is a specialized infrastructure credit guarantee company that is focus on enhancing credit local currency debt instruments – mainly bonds. It is use to uplift the credit rating of…