AFDB APPROVED FUNDS FOR CONSTRUCTION OF SOLAR POWER PLANT IN TUNISIA

Posted on December 24, 2022 by Gambeta News

The Board of Directors of the African Development Bank (AfDB) Group approved a $27 million (about TND 85.3 million) and €10 million (nearly TND 33.5 million) loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia, the AfDB said on Thursday.

The Board approval covers …

AFDB TO INVEST US$20M INTO AFRICA’s RENEWABLE ENERGY

Posted on November 17, 2022 by Gambeta News

The Board of Directors of the African Development Bank Group today approved an equity investment of $20m in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilizing about $400m into renewable energy and resource-efficiency assets across sub-Saharan Africa over 10 years.

Inspired Evolution Investment …

AFDB PRESIDENT EXPRESS SATISFACTION OVER FUNDS USEAGE FOR POKUASE INTERCHANGE IN GHANA

Posted on May 13, 2022 by Gambeta News

The President of the African Development Bank, Akinwumi Adesina, has commended the government for putting the Pokuase Interchange money to the benefit of the country.

The US$84 million the bank gave the Government of Ghana was for a Three-Tier interchange, but that same amount was used to construct all four …

WHY AFRICA CANNOT OUTSOURCE IT’s HEALTHCARE SECURITY

Posted on February 7, 2022 by Gambeta News

African Development Bank Group President Dr Akinwumi Adesina has said that the most important lesson of the Covid-19 pandemic for Africa is the need to build a defense mechanism against external shocks, especially in healthcare and financial security.

“Investing in health is investing in national security,” Adesina told African leaders …

SENIOR TRANSPORT ENGINEER, RDGW3 AT AFDB, KENYA

Posted on August 7, 2020August 9, 2020 by Gambeta News

The Senior Transport Engineer will support the implementation of the Bank Group’s vision for transport infrastructure and related services, and its future prospective areas of intervention in the sector.

The main work objectives of the position are the following:

Contributing to the development of transport infrastructure and the sector as

AFDB APPROVES GRANTS FOR BRIDGE CONSTRUCTION LINKING CHAD AND CAMEROON

Posted on May 7, 2020 by Gambeta News

The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.

The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30th April …

AFDB SIGN LOAN DEAL WITH SOUTH AFRICA TO BOOST TRANSPORT SYSTEM

Posted on April 29, 2020April 29, 2020 by Gambeta News

In a bid to help develop the nation’s transport system, The African Development Bank (AFDB) and SA Taxi Development Finance Proprietary Limited has signed a loan agreement.

The deals which is worth US$100 million will help support the firm growing strategy to empower taxi operators with limited access to finance …

AFDB APPROVES GRANTS FOR SMALL RENEWABLE ENERGY PROJECTS

Posted on April 22, 2020April 24, 2020 by Gambeta News

The African Development Bank under its Sustainable Energy Fund for Africa (SEFA), has approved a US$760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW, towards bankability and construction.

The grant will support a broad range …

AFDB AND GHANA SIGN DEAL TO FINANCES EASTERN CORRIDOR ROAD

Posted on February 10, 2020 by Gambeta News

AFDB agreed loan worth US$81.67m to Ghana’s Eastern Corridor Road Development Programme Phase 1 project.

Africa Development Bank (AFDB) has sign a loan agreement with Ghana government to finance a road project. The loan which is worth US$81.67m is for the Eastern Corridor Road Development Programme Phase 1.

During a …

AFDB TO INVEST IN NIGERIA WATER AND SANITATION SECTOR

Posted on January 22, 2020 by Gambeta News

AFDB to invest fund into Nigeria water and sanitation projects.

The Africa development Bank (AFDB) is seeking to invest U.S.$250 Million in Nigeria Capital city. According to reports from Daily Trust, the fund will be used for Federal Capital Territory Water and Sanitation Integrated project.

Ebrima Faal, a Senior Director …

YOUNG PROFESSIONALS PROGRAM (YPP) AT AFDB

Posted on October 22, 2019 by Gambeta News

The Africa Development Bank (AFDB) is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

The Bank Group achieves this objective by:

Mobilizing and allocating resources for investment in RMCs; and
Providing policy advice and technical assistance to support development

AFRICA DEVELOPMENT BANK APPROVED FINANCING PROGRAM FOR DESCOs

Posted on July 17, 2019July 17, 2019 by Gambeta News

Sub-Saharan Africa need funds for electricity production but will financial providers stop worrying about political, regulatory and administrative barriers?

Sub-Saharan Africa’s energy systems face an enormous challenge due to low electricity generated. This has made Africa Development Bank (AfDB) to approve an innovative multinational financing program for Distributed Energy Service …

SOUTH SUDAN WATER PROJECT TO GET US$24.7m FROM AFDB

Posted on June 26, 2019 by Gambeta News

AfDB to finance South Sudan water and sanitation project with US$24.7m

To support a developmental project in South Sudan, African Development Bank (AfDB) board of directors have approved a commitment of US$24.7m. The project receiving AfDB finance is titled South Sudan Strategic Water Supply and Sanitation Improvement Project.

The project …

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

Posted on June 17, 2019 by Gambeta News

AFDB to prepare financial package for Zimbabwe after impressive economic reform

Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms.

Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr …

AFDB PLEDGE MORE SUPPORT TOWARDS INFRASTRUCTURE IN AFRICA

Posted on June 11, 2019June 11, 2019 by Gambeta News

AFDB plans support for regional integration among Africa countries with investment in infrastructure, industrialisation and trade.

African Development Bank (AFDB) has announce plans to support African countries towards achieving deeper regional integration. This will be through investment in regional infrastructure development, industrialisation and trade.

Speaking during the 54^th AFDB …

SOMALIA TO RECEIVE €1 MILLION EUROS FOR INFRASTRUCTURE DEVELOPMENT

Posted on March 21, 2019 by Gambeta News

Italian government issues €1 million euros for Somalia infrastructure development.

Somalia government is set to receive funds which will help grow the country Infrastructure. This is after Italian government signed a deal with African Development Bank (AfDB) Multi-Partner Somalia Infrastructure Fund. The fund is worth €1 million euros.

Somalia is …

TANZANIA PRESIDENT UNHAPPY WITH LOAN CONDITION FROM FINANCING AGENCIES

Posted on December 3, 2018 by Gambeta News

President John Magufuli unhappy with loans condition but assures that they can repay the money.

President John Magufuli is unhappy with the loan condition set by some multilateral financing agencies. According to him Tanzania has the resource to pay, but that the loan is getting to much.

The President made …

KENYA THWAKE DAM GETS US$235M LOAN FROM AFDB

Posted on November 22, 2018November 22, 2018 by Gambeta News

Africa development bank (AFDB) approve two loans for the completion of Thwake dam in Kenya.

Africa development bank (AFDB) is making wave this period with its latest offer to Kenya. After releasing its AIIF3 just a couple of days ago, the firm has also approve two loans to Kenya. This …

AFRICAN NATIONS TO GET US$40M FROM AFDB FOR INFRASTRUCTURE DEVELOPMENT

Posted on November 19, 2018November 19, 2018 by Gambeta News

AFDB plans to release US$40m under the Africa Infrastructure Investment Fund (AIIF) to its Regional offices in Africa.

Developing Africa infrastructure is vital if the continent wants to reach the peak of its development. This is why Africa Development Bank (AFDB) is spurring sustainable development and social progress in the …

AFDB APPROVE LOAN FOR KAMPALA-JINJA EXPRESSWAY PROJECT IN UGANDA

Posted on November 7, 2018 by Gambeta News

AFDB approves loan for Kampala-Jinja Expressway project in Uganda.

Uganda has receive a loan worth US$229.5 million from the African Development Bank. This loan is to help finance phase one of the Kampala-Jinja Expressway project.

Meanwhile, the aim is to help Uganda reinforce its position as a regional transit hub. …

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