The loan was secured by South Africa through its implementing agency, the Trans Caledon Tunnel Authority (TCTA). Read more.
Tags : african development bank
Windhoek-The African Development Bank (AfDB), United Nations Namibia and World Food Programme has showered praises on Namibia for efforts made in agriculture research following the country’s successful implementation of a seed production and development research station in the country’s northern regions. Read more.
The Africa Resilience Forum is a flagship African Development Bank event which brings together key stakeholders across government, civil society, the private sector, and international partners. Read more.
The Board of Directors of the African Development Fund a subsidiary of African Development Bank approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala- Masisi road corridor in the southern part of the country. Read more.
The German government has pledged to contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. Read more.
Botswana is anticipating an economic growth of 9.7% by year end 2021, which is a reasonable increase as compared with the 8.8% in the same period 2020. Read more.
Eswatini will be a double-beneficiary from the $2.5 million grant for the advancement of the intra-regional harmonization of electricity regulations and drive cross-border power trading.
The Fund for African Private Sector Assistance launched its Africa Franchise Accelerator Project in Tanzania to boost the transformation of 90 indigenous small and medium enterprises and 10 aggregated micro operators into franchise brands and sustain a thriving franchise system. Read more.
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term. Read more.
At a time the continent is reeling from the effects of the global Covid-19 pandemic, representatives of the African Development Bank, the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership. Read more.
African Development Bank (AfDB) has given out US$1,4 million grant to Zambia from the Global Agriculture and Food Security Program aimed at creating jobs and improve food security in the southern African’s vulnerable households. Read more.