AfDB
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Africa
Botswana: AfDB Group commits US$ 180mln to bolster post-Covid-19 economic recovery
GABORONE-The Board of Directors of the African Development Bank [AfDB] has approved a loan of US$179.66 million to support government of Botswana to restore post-pandemic fiscal stability and economic recovery. The funds…
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Finance & Banking
AfDB commits over Shs 1.1trn to renovate Kampala-Malaba railway line
KAMPALA-The African Development Bank [AfDB] Group is providing US$ 301 million [1.1 trillion] to overhaul the Kampala-Malaba Meter Gauge Railway [MGR] in Uganda. The railway line is part of the East African…
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Africa
Over 30 African countries have industrialised in last decade-new AfDB report
NIAMEY-Thirty-seven of 52 African countries have become more industrialised over the past 11 years, according to a new report from the African Development Bank [AfDB], the African Union [AU], and the United…
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East Africa
AfDB clears over US$ 20mln for agro-pastoral project in Burundi
BUJUMBURA– The African Development Bank [AfDB] Group days ago greenlighted the award of a US$ 23.26 million grant to Burundi to implement the Agro-Pastoral Entrepreneurship and Professional Development Project for the Youth…
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Africa
AfDB extends €63.6mln loan for agro-processing project in Senegal
ABIDJAN– The African Development Bank [AfDB] has approved a loan of €63.6 million to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium…
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Africa
AfDB and partners launch US$ 520mln for special agro-industrial processing zones in Nigeria
ABUJA– Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones [SAPZ], a programme initiated by the African Development Bank [AfDB].…
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Africa
AfDB, COMESA hold workshop on harmonised consumer price indices in Africa
NAIVASHA– COMESA in collaboration with the African Development Bank [AfDB] last week conducted a five-day regional workshop in Naivasha, Kenya on harmonising consumer price indices in Africa. The aim is to improve…
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Africa
AfDB approves US$ 3mln in additional financing for Liberia’s Special Agro-Processing Zone scheme
ABIDJANI – The Board of Directors of the African Development Bank [AfDB]Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing,…
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Africa
AfDB project boosts agricultural yields for youth enterprises in Madagascar
ANTANANARIVO-Launched in 2016, the Young Rural Enterprises Project in the Central West of Madagascar has helped improve agricultural yields. Yields of rice and maize doubled, according to a project a recent progress…
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International
Leaders gather for first-ever global summit to focus on accelerating climate adaptation in Africa
ROTTERDAM-The Global Center on Adaptation is hosting the Africa Adaptation Summit in collaboration with the African Union [AU], the African Development Bank [AfDB], the International Monetary Fund [IMF], the Africa Adaptation Initiative,…
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