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Nairobi benefits from AfDB’s Ksh 598M fund to improve urban life

Kenya’s capital, Nairobi City is among 14 municipalities and local authorities that will benefit from a Ksh 598.5 million ($4.5m) fund by the African...

Tanzania-Burundi SGR line gets $696m boost from AfDB

Construction of the second phase of a Standard Gauge Railway between Tanzania and Burundi is expected to begin after the two countries secured $696.41...

AfdB injects $10m equity in firm to deepen regional capital markets

The African Development Bank has announced a $10 million (Ksh 1.52b) equity investment in a Dhamana Guarantee Company Limited to provide credit guarantees on...

Egypt issues Africa’s first panda bond worth 3.5B yuan

Egypt has successfully raised RMB 3.5 billion from the China's domestic credit market making it the first country in Africa to do so. Egypt says...

Kenya to host AfDB 59th annual general meetings next year

Kenya will host the African Development Bank Group’s 59th annual meetings slated for May next year with the two now expected to enter an...

Kenyan firm locked out of AfDB funded projects over fraud

Kenyan construction company, Joycot General Contractors Limited, has been suspended from participating in African Development Bank (AfDB) funded programmes for 15 months due to...

Twenty five African countries facing debt risks, warns AfDB

African Development Bank (AfDB) Group President, Akinwumi Adesina has said that the rise in cost of debt servicing has led to 25 countries in...

AfDB approves $23M loan for Ghana ship repair facility

Prime Meridian Docks AssetCo has secured a loan to the tune of $23.04 million (Ksh 2.78b) for the construction of a ship repair facility...

Private sector key to addressing debt problem in Horn of Africa

Ministers of Finance from countries under the Horn of Africa Initiative have underscored the importance of tapping into the private sector to address gaps...

AfDB names Kenyan African Banker of the Year 2023

The African Development Bank (AfDB) has named Ester Kariuki as African Banker of the Year for creating efficient credit process among small-holder farmers. During AfDB's...


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