Abidjan, Cte d’Ivoire, February 5, 2018 – The Board of the African Development Bank has approved a loan zar 140 million (about US $10 million) to the African Local Currency Bond Fund (ALCB Fund), to further enhance the Fund’s portfolio and promote the development of domestic capital markets across the continent.
T he African Development Bank Group has approved a US$ 18.17 million senior loan to the 40 mwac (50mwp) kopere solar Power Project owned by Voltalia, an international player in the renewable energy sector listed on the Paris stock exchange.
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· The World Bank Board of Directors has approved a US$750mn International Development Association (IDA) credit to support the government of Kenya’s reforms to enhance inclusive growth, accelerate poverty reduction and achieve its Vision 2030 objective of becoming a middle-income industrialised country
Kenya on Course to Deliver 500,000 Homes by 2022- President Kenya on Course to Deliver 500,000 Homes by 2022, President Says Bloomberg – David malingha doya kenyan president uhuru kenyatta said his administration is on course to provide 500,000 affordable homes over the next three years.
NAIROBI (Reuters) – The African Development Bank (AfDB) has approved a $160 million loan to Kenya for building a second runway at the main airport in the capital Nairobi, the bank said on Wednesday.
· The Speaker of the House of Representatives, Yakubu Dogara has refuted the accusations that he was the one behind the sponsor of the viral #EndSARS campaign that went viral. Dogara’s statement was in response to media reports credited to the Police spokesman, Jimoh Moshood which insinuated that the #EndSARS lead campaigner, Segun Awosanya has ties [.]
AfDB approves $50m to address Africa’s trade Finance Board of Directors, African Development Bank (AfDB) has approved 50 million dollars unfunded Risk Participation Agreement for Commerzbank to address Africa’s trade finance market.The bank announced this in a statement signed by its Principal Communication Officer, Mrs Olivia Obiang on Thursday in Abuja.
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The Africa Development Bank (AfDB) is providing financing to SME’s in Kenya and to boost trade finance. The funding will be channeled to SMEs and local businesses in infrastructure, tradable and other transformative sector transactions in Kenya, according to a press release from the AfDB. The release notes that the financial package is comprised of.
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The African Development Bank is considering lending the Kenya Airports Authority as much as $100 million to fund construction of a new terminal and runway at Jomo Kenyatta International Airport in the capital, Nairobi. "The bank is looking to play a significant role in the project," Solomon Asamoah, vice president for infrastructure, private sector and regional integration at the Abidjan.