AfDB
-
Africa
Egypt issues Africa’s first Sustainable Panda Bond worth US$ 478.7mln
CAIRO, October 18, 2023 – Egypt has successfully issued a three-year Sustainability Panda Bond worth US$ 478.7 million. The North African nation is the first on the continent to do so, a…
Read More » -
Africa
Korea and the AfDB strengthen drive towards Africa’s food security
SEOUL, September 13, 2023 – The Government of Korea and the African Development Bank Group [AfDB] are intent on strengthening their partnership to support African countries in achieving food security in five…
Read More » -
Africa
Ethiopia and AfDB Group ink US$ 84.3mln grant agreement to enhance wheat production
ADDIS ABABA – The African Development Bank Group [AfDB] has awarded grant funding totalling US$ 84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide…
Read More » -
West Nile
AfDB okays construction of Shs 32bln Nebbi Modern Market
NEBBI – Officials from the African Development Bank [AfDB] were in Nebbi Municipality days ago on an appraisal mission following the completion of the feasibility study for the construction of the Shs…
Read More » -
East Africa
Kenya: AfDB okays funds to support women and youth in agribusiness
NAIROBI – The African Development Bank [AfDB] has approved an equity investment of €18 million in the Africa Guarantee Fund [AGF] and another €1.2mln to support youth and women entrepreneurs engaged in…
Read More » -
Africa
AfDB welcomes Banga’s confirmation as World Bank boss
ABIDJAN– African Development Bank [ AfDB ] President Dr. Akinwumi Adesina has congratulated former MasterCard CEO Ajay Banga for his election as head of the World Bank Group, saying he looks forward…
Read More » -
East Africa
AfDB approves trade finance transaction guarantee facility to Bancobu
BUJUMBURA – The African Development Bank [AfDB] Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi [ Bancobu ], Leveraging Bancobu’s strategic footprint in the East African…
Read More » -
East Africa
KMRC to provide affordable mortgages through banks, SACCOs
NAIROBI – The Kenya Mortgage Refinance Company [KMRC], a public-private partnership established to provide mortgage liquidity facilities to banks, microfinance institutions, and SACCOs, has made its home loans attractive and affordable. Local…
Read More » -
Africa
AfDB approves US$ 147mln in subordinated debt to Mauritius Commercial Bank
ABIDJANI-The African Development Bank [AfDB] has approved US $147 million in subordinated debt to the Mauritius Commercial Bank Ltd [MCB] to enhance its capital base and mobilise loan growth in the renewables,…
Read More » -
Africa
World Bank president nominee, Ajay Banga, pledges to partner with AfDB for transformative results
ABIDJANI-US nominee for World Bank Group President, Ajay Banga began his global tour on Monday, with his first stop in Abidjan, Cote d’Ivoire where he met the African Development Bank [AfDB] President…
Read More »