Tanzania government has signed a loan agreement of 161.47 million US dollars (about 374.9bn/-) with the African Development Bank (AfDB), to implement Kakono Hydropower Project (Kakono HPP).
The approximate cost of execution of the Kakono HPP is 325 million US dollars (about 750bn/-).
Speaking during the signing ceremony in Dar … Read More
African Development Bank (AfDB) has approved a loan agreement worth €103.95 million (equivalent to 335 million Dinars) to Tunisia to finance the Road Infrastructure Modernisation Project, Phase 2 (PMIR II).
The second phase of this project will aim at rehabilitating 230.6 km of roads in the governorates of Siliana, Kasserine, … Read More
Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity, panelists in a 2021 UK Africa Investment Summit event said Wednesday, as they called for a stronger partnership between the United Kingdom and Africa.
The panel, themed UK & Africa: Partnering in Sustainable and Resilient … Read More
The Sahel region’s Great Green Wall Initiative received a major boost from the African Development Bank on Monday. During a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales, the Bank pledged to assist in mobilising up to $6.5 billion over five years, to … Read More
Adesina’s first term focused on the bold new agenda for the Bank Group based on five development priorities known as the High 5s: Light up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life for the People of Africa.
During Adesina’s first term, the … Read More
Dr. Akinwumi A. Adesina will serve a second five-year term as President of the African Development Bank Group, after his relection by the Board of Governors during the 2020 Annual General Meeting. Dr. Adesina has distinguished himself despite the challenges he faced in his re-election bid.
According to the … Read More
“Some lies have been concocted against me to render me ineligible for a second term as AfDB president. The bank has its rules, regulations and laws. And part of it is that any allegation must be substantiated with facts, evidence and documents. This is so that there can be believability, … Read More
Rwanda will host Africa’s first Silicon Valley.
Kigali the capital of Rwanda is becoming one of Africa’s fastest developing cities with groundbreaking infrastructural facilities boosting the country’s economy. The Eastern African country as of late propelled Africa’s first electronic cross fringe exchange stage in collaboration with Alibaba Group’s Electronic World … Read More
African Development Bank (AfDB) approves USD 455 million for the construction of a ring road and Tanzania’s new airport in the new capital Dodoma.
The President of AfDB Akinwumi Adesina approved the loan at the bank’s headquarter in Abidjan in a meeting with the Minister of Foreign Affairs and East … Read More