Kenya is set to receive Ksh 7.4 billion ($63M) loan from the African Development Bank (AfDB) to support food security efforts amid rising cost of inputs and prevailing drought. The loan …
AFDB
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AfricaBanking, Finance & InvestmentBusinessGlobal News
AfDB emerges most transparent organisation globally
African Development Bank (AfDB) has been named the most transparent organisation in the world by Publish What You Fund, the global campaign for aid and development transparency. Released yesterday with …
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The Nigerian government has increased its stake in Shelter Afrique, a pan African housing development financier, with about $7.15 million in additional capital subscription, moving its equity from 13.27 percent …
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AfricaEnergyWestern Africa
Africa needs an annual investment of $40 billion on energy for electricity, AFDB says
The African Development Bank (AFDB) says Africa needs an annual investment of $32 billion to $40 billion along the energy value chain to achieve universal access for electricity by 2030. …
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BusinessSouth AfricaTechnology
AfDB supports South Africa’s just energy transition, sets up facility
African Development Bank (AfDB) president Dr Akinwumi Adesina says the development finance institution is ready to support South Africa’s transition from coal to renewable energy and announced that a just energy transition facility was being …
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AfricaBanking, Finance & Investment
$1.5 billion emergency food facility approved by board of African Development Bank
The African Development Bank (AfDB) Group’s board of directors announced that it approved a $1.5 billion facility to help African countries avert a looming food crisis in the continent. In a statement …