African Development Bank
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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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Finance & Banking
“We have terribly missed him” BoU boss wails in tribute to Late Prof. Tumusiime-Mutebile
KAMPALA-Staff at the Bank of Uganda [BoU] still miss former governor, the Late Prof. Emmanuel Tumusiime-Mutebile who died on January 23, 2022, according to the institution’s deputy governor Michael Ating-Ego. Atingi who…
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Agriculture
Norway earmarks US$ 10.15mln for fertiliser supply in Uganda, others
KAMPALA-The Africa Fertiliser Financing Mechanism [AFFM] has received US$ 10.15 million in new funding from the Norwegian Agency for Development Cooperation [NORAD]. The financing will target projects in Uganda, Kenya and Mozambique,…
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International
US$550,000 project to create 200,000 jobs annually in Rwanda
KIGALI- The Government of Rwanda, in partnership with the African Development Bank’s Fund for African Private Sector Assistance, has launched a two-year project to boost industrial capacity in the country and create…
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International
Africa and the Caribbean to firm cooperation via regional development banks
KAMPALA– Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the African Development Bank [AfDB] and the Caribbean Development Bank—came together to…
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News
AU minsters’ summit declares coffee a strategic commodity
KAMPALA – The Summit of African Union Ministers sitting in Nairobi days ago certified coffee as a key strategic commodity for the poorest yet resource-rich continent. The development would require trading in…
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News
Finance Minister Kasaija snubs COSASE, summoned
KAMPALA– Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises [COSASE] has summoned the Minister of Finance Matia Kasaija after he failed to appear before the committee for the second time to…
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