African Development Bank
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Africa
Youth-led African enterprises awarded US$ 800,000 at COP28 for climate solutions
DUBAI, December 5, 2023 – Eight dynamic African young women-led enterprises emerged as winners of the 2023 YouthAdapt challenge. Each enterprise will receive grant funding of up to US$ 100,000 to boost…
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Africa
Simple toilets transform lives and environment in Malawi
BLANTYRE, November 27, 2023 – In the picturesque rural setting of Nkhata Bay on the shores of Lake Malawi, a simple development has changed the lives of villagers in remarkable ways. As…
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Cooperatives & Communities
Senegal: AfDB agrees loan of nearly €87mln for agricultural hub
DAKAAR, November 24, 2023 – The African Development Bank [AfDB] has approved a €86.89 million loan to Senegal to develop an agribusiness processing zone in the north of the country, with the…
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Africa
AfDB approves US$ 10mln investment in Kenyan company Dhamana
NAIROBI, November 21, 2023 – The African Development Bank [AfDB] has approved a US$ 10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an…
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East Africa
AFFM commits more than US$ 2mln to improve farmers’ access to fertilisers
NAIROBI, November 20, 2023 – The Africa Fertilizer Financing Mechanism [AFFM] will provide a US$ 2 million partial trade credit guarantee and a US$ 219,000 grant funding to Nairobi-based Apollo Agriculture Limited…
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East Africa
AfDB approves US$1.4mln for feasibility study of multinational Kenya-Uganda Expressway project
ARUSHA, November 7, 2023 – The African Development Bank [AfDB] through its New Partnership for Africa’s Development and Infrastructure Project Preparation Facility [NEPAD-IPPF] has approved US$1.4 million grant to the East African Community…
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Africa
AfDB approves over US$ 196mln loan to modernise railway infrastructure in Namibia
KAMPALA, November 3, 2023 – The African Development Bank Group [AfDB] has approved a loan of US$ 196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project…
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Cooperatives & Communities
AfDB, EBID sign loan agreement for US$ 50mln and € 50mln to enhance regional food security
ABIDJAN, October 6, 2023 – The African Development Bank [AfDB] and the ECOWAS Bank for Investment and Development [ EBID ] have signed an agreement for a dual currency line of credit…
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News
More entrances to Lira Main Market opened
LIRA– Vendors in Lira Main Market are hopeful of making bumper sales following the opening of more entrances into the market to ease accessibility. Initially, Lira Main Market located in Lira City…
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East Africa
AfDB-funded project boosts universal access to water in Rwanda
KIGALI – Esther Mukantwali of Rwangara Village in Bugesera District, about 18 km south of Rwanda’s capital Kigali, used to wake up at 3:00am in the morning to trek for an hour…
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