The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of US $133 million to the Republic of Kenya to increase electricity access for low-income populations, especially those in rural areas. Specifically, the funds will finance the Last Mile Connectivity Project that aims to maximise the use of the Kenya Power and Lighting Company’s (KPLC) 35,000 existing distribution transformers spread across the country. The total project cost is estimated at US $147 million, with the Government of Kenya contributing the remaining US $14 million.

The African Development Bank Group’s (AfDB) Board of Executive Directors approved on Wednesday, November 19 the new Regional Integration Policy and Strategy (RIPoS) for the period 2014-2023, with focus on creating larger, more attractive markets, linking landlocked countries to international markets and supporting intra-African trade to foster the continent’s development. 

The Board of Directors of the African Development Bank has approved a US $74.47-million loan to finance the first phase of Rwanda’s Transport Sector Support Project. The project involves upgrading the Base-Rukomo road along the Base-Gicumbi-Rukomo-Nyagatare axis.

The African Development Bank (AfDB) has signed a Grant Agreement with the Alliance Forum Development Programme (Zambia) Limited, for the advancement of microfinance in the Common Market for Eastern and Southern Africa (COMESA) region. The grant is designed to organize the microfinance capacity building training for Central Bank Officers of COMESA Member countries.

The African Development Bank Group (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) held high-level discussions in Abidjan on Thursday, November 20 with a view to addressing challenges faced by Africa’s smallholder farmers.

Both institutions have agreed to strengthen their cooperation to speed up Africa’s agriculture transformation.