Loans & Grants
06/12/2012 - The African Development Bank (AfDB) on Thursday signed two loan agreements with the Government of Kenya amounting to millions of dollars to finance a major regional hydroelectric power project and the enhancement of the country’s higher education system.
06/12/2012 - The Executive Directors of the African Development Bank (AfDB) Group on Wednesday approved the institution’s Information Technology Strategy 2013-2015 and the Bank Group’s Participation in the Middle East and North Africa (MENA) Transition Fund.
Categories: Zimbabwe, Mozambique, Burundi, Kenya, Rwanda, Tanzania, Uganda, Egypt, Libya, Morocco, Tunisia, Information & Communication Technology, Economic & Financial Governance, Transport, Infrastructure, ADF
30/11/2012 - The African Development Bank has approved a US $43.7 Million loan to the Kenyan Government to enhance education and training institutions and develop skills needed in the changing labor market.
20/09/2012 - The Board of the African Development Fund approved on Thursday, September 20, US $348 million in funding for a US $1.26-billion electricity highway project between Kenya and Ethiopia.
16/03/2012 - The African Development Bank (AfDB) and the Kenyan government signed loan and grant agreements totaling some USD 336 million in support of clean energy and road infrastructure development in Kenya on 12 March. The financial package includes a USD 186.7 million loan for the Mombasa-Nairobi-Addis Ababa Road Corridor Project and a USD 149.5 million loan and grant financing for the Menengai Geothermal Development Project.
09/12/2011 - The Board of Directors of the African Development Bank (AfDB) has approved on 7 December a € 28.1 million senior loan to support the Thika Thermal Power Project in Kenya. This reliable energy private sector power project will encourage economic growth by helping to address Kenya’s energy shortfall.
05/08/2011 - The African Development Bank (AfDB) has committed USD40 million to support a five-year capital investment programme for Rift Valley Railways, a consortium established to manage the parastatal railways of Kenya and Uganda.
14/07/2011 - The Board of Directors of the African Development Bank (AfDB) has approved a USD 40-million loan to finance the Rift Valley Railways (RVR). The five-year USD 246 million capital investment program involves two concessions over a rail network running from Mombasa in Kenya to Kampala in Uganda.
25/02/2011 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 23 February 2011 in Tunis, a USD 9,094,389 equity investment to acquire 15% of the current shareholding in ZEP-RE, a specialized COMESA reinsurance company. The objective of the facility is to strengthen ZEP-RE’s underwriting capacity in support of growth in demand for insurance products across the continent.
22/12/2010 - In line with the African Development Bank (AfDB) Group’s 2008-2012 Medium-Term Strategy which has transport as one of its core intervention areas in the Regional Member Countries, the institution’s Boards approved USD 806.1 million loans and grants to finance a number of national and multinational transport infrastructure and related project on the continent in the past two months