Loans & Grants

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06/11/2014 - The African Development Bank (AfDB) approved on November 5, 2014 in Abidjan a US $148 million multi-sector senior Line of Credit (LoC) to Equity Bank Limited of Kenya (Equity Bank) for on-lending to key economic sectors in the country.

Categories: Kenya, Agriculture & Agro-industries, Economic & Financial Governance, Infrastructure, Information & Communication Technology, Private Sector


17/10/2014 - The Board of Directors of the African Development Bank Group on Wednesday, October 15 in Abidjan approved a US $40-million 10-year Line of Credit (LoC) for a pipeline of projects covering various economic sectors (agro/food, infrastructure, manufacturing, education sectors) in the East African Community (EAC) countries of Kenya, Rwanda, Tanzania and Uganda. The projects aim to promote economic growth.

Categories: Kenya, Rwanda, Tanzania, Uganda, Economic & Financial Governance, Agriculture & Agro-industries, Infrastructure, Education, Food Production


31/07/2014 - The African Water Facility has offered a €1.2 million grant to the Kisumu Water and Sewage Company (KIWASCO) to support an innovative project that will provide sanitation services for residents in the Manyatta settlement in Kisumu, Kenya, while creating business through the sale of fertilizers, biogas and energy as by-product of sanitation collection.

Categories: Kenya, African Water Facility, Water Supply & Sanitation, Infrastructure, Health, Human Capital Development, Energy & Power


08/04/2014 - The African Development Bank (AfDB), on Friday, April 4, 2014 in Nairobi, Kenya, signed a US $20-million trade finance Line of Credit with the Company for Habitat and Housing in Africa/Shelter Afrique to boost the availability of trade finance instruments to small and medium enterprises (SMEs) involved in real estate and construction-related activities in Africa.

Categories: Kenya, Employment, Private Sector, Regional Integration


06/03/2014 - The Board of the Africa Development Bank Group (AfDB) on Wednesday, March 5, 2014 approved the Country Strategy Paper (CSP) for Kenya, which articulates the Bank’s priority areas of support to Kenya from 2014-2018. The CSP supports the country’s ambitions and addresses its main developmental challenges by promoting job creation as the overarching objective.

Categories: Kenya, Employment, Private Sector, Infrastructure, Structural Transformation, ADF


29/01/2014 - The African Development Bank (AfDB) and the government of Kenya on January 27th in Nairobi, Kenya signed loan and protocol grant agreements of US$97 million and US$120 million for the Thwake multi-purpose dam & Outer Ring road projects respectively.

Categories: Kenya, Infrastructure, Transport, Water Supply & Sanitation, Regional Integration


01/11/2013 - The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday, 30 October 2013 in Tunis, a US$ 94.37 million (UA 61.68 million) ADF loan and US$ 1.85 million (UA 1.21 million) ADF grant to the Government of Kenya to finance phase one of the Thwake Multi-purpose Water Development Program (TMWDP).

Categories: Kenya, Water Supply & Sanitation, ADF, Employment


18/10/2013 - The Board of Directors of the African Development Bank (AfDB) approved on Friday, October 18 a US $12.5-million equity investment in the Kibo Fund II. This contribution will allow the Fund to provide access to finance and capacity building to an underserved market of outward-looking small and medium enterprises (SMEs) and mid-market African firms, particularly in low-income and fragile states within various sectors in Africa, thereby boosting income generation and job creation.

Categories: Madagascar, Mauritius, Seychelles, Kenya, Tanzania, Uganda, Rwanda, Zambia, Malawi, Botswana, Namibia, Mozambique, Democratic Republic of Congo, Ethiopia, Angola, Private Sector


02/10/2013 - The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development Fund’s Partial Risk Guarantees (ADF PRG). The ADF PRG is a risk mitigation instrument that covers private lenders and investors against the risk of a possible government failure to meet contractual obligations to a project.

Categories: Kenya, Energy & Power, Environment, Infrastructure, Private Sector, ADF


23/08/2013 - The African Development Bank (AfDB) and the African Union Commission (AUC) have signed a grant agreement worth US $45 million to boost the Pan African University.

Categories: Kenya, Cameroon, Nigeria, Algeria, Tunisia, Partnerships, Human Capital Development, Education, Youth, ADF


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