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in Short

South Sudan: AfDB to the rescue of agricultural sector

In order to stimulate agriculture, the African Development Bank (AfDB) has just signed an agreement with South Sudan to grant Juba a subsidy of US $ 14 million. This 5-year project aims to improve agricultural markets, added value and the development of trade and agricultural productivity. Note that it will...
in Short

نيجيريا 200 مليون دولار لزيادة إمدادات الطاقة

قدم بنك التنمية الأفريقي (AfDB) في نيجيريا 00 مليون دولار من خلال الوكالة الريفية (REA) لتعزيز إمدادات الطاقة في البلاد. وقال نائب رئيس البنك: "وافق مجلس إدارة البنك الأفريقي للتنمية على 200 مليون دولار للقطاع من خلال REA لتمويل نشر الشبكات المصغرة في جميع أنحاء البلاد". الطاقة المؤسسية Wale Shonibare...
in Short

ADB A “historical” increase in its capital (Adesina)

The African Development Bank (AfDB) announced Oct. 31 the largest increase in its capital, which will increase from $ 93 billion to $ 208 billion. Referring to "a historic day" for the Bank, the AfDB President explains: "This capital increase will give us a lot of resources to go further...
in Short

Ethiopia Arab Bank Agree to Co-Finance Agro-Industrial Parks

The Arab Bank for Economic Development in Africa (BADEA) signed a letter of intent with the Ethiopian Ministry of Finance. The letter of intent aims to co-finance, with the African Development Bank (AfDB), the integrated agro-industrial parks in Ethiopia. Signing the agreement in Addis Ababa were Ahmed Shide, Ethiopia’s Minister...
in Short

Kenya secures 229 mln USD loan from AfDB for key road project

The African Development Bank Group (AfDB) said on Friday it has approved 23 billion shillings (229 million U.S. dollar) loan to fund the expansion of a highway that links major economic hubs in Kenya. The lender said the five-year project will convert the 84km Kenol-Sagana-Marua road in central and eastern...