US Treasury Secretary visits AfDB-financed power supply sub-station in Tanzania in the context of Power Africa

US Treasury Secretary Jacob Lew recently paid a visit to the Sokoine electricity supply sub-station in the Ilala District of Dar es Salaam, Tanzania. The expansion of the substation and the construction of at least one of its control rooms are among the many activities scheduled under the African Development Bank (AfDB)-financed Electricity V project in Tanzania. Electricity V will be implemented in Arusha, Dar es Salaam, Mwanza, and in the Shinyanga region of the country.

AfDB approves US $148 million Line of Credit to Equity Bank Limited

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.

The LoC approved by the AfDB Board is expected to further leverage Equity Bank’s capacity to deepen its lending activities to vital economic sectors such as manufacturing, agribusiness, transportation, financial services, telecommunications, construction and energy.

AfDB President to attend African Business Roundtable on Ebola in Addis Ababa, Ethiopia

The President of the African Development Bank, Donald Kaberuka, will attend the African Business Roundtable on Ebola in Addis Ababa, Ethiopia, on November 8, 2014 at the African Union Headquarters.

The roundtable is jointly convened by the African Union (AU), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) to mobilize African business leaders on the Ebola Virus Disease and to mobilize their support in the fight against the epidemic.