Finance

AfDB approves US$43m for Madagascar power transmission project
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The Board of Directors of the African Development Bank has approved a loan of US$42.9 million to finance the second phase of a major power…

World Bank approves US$750m funding for Horn of Africa regional integration project
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A regional integration project connecting Kenya to Ethiopia and Somalia Kenya has received funding under the World Bank's Horn of Africa…

UBA approves additional US$40m funding for Tanzania Hydro Power project
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The United Bank for Africa (UBA) has approved additional funding of US$40 million for the 2,115 megawatt Julius Nyerere Hydropower project under…

ADF approves US$71.5m for Uganda Roads Project
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The Board of the African Development Fund (ADF) has approved a loan of US$71.5 million to pave sections of two roads in southwestern Uganda.

AfDB approves US$120m for Tanzania Hydropower Project
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The Board of Directors of the African Development Bank have approved a US$120 million loan to fund the construction of a 50 MW hydropower plant in…

EAIF invests US$15m in bond to fund relocation of Senegal's port of Dakar
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The Emerging Africa Infrastructure Fund (EAIF) invested XOF8.3 billion (cUS$15 million) in a local currency capital market bond issued by Senegal’…

Kenya signs €70m funding agreements for Water & Sanitation project in Kisumu
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On the sidelines of Kenyan President Uhuru Kenyatta's visit to France, financing agreements for the Lake Victoria Water and Sanitation Project…

Feasibility Study for Keta Port in Ghana to be ready by February 2021
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The feasibility study for the development of a new seaport at Keta in Ghana, will be completed in the first quarter of 2021 - …

African Development Bank to strengthen support for PPPs in Africa
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Representatives of the African Development Bank, governments, Development Finance Institutions, the private sector and  professional…

Mozambique: 2.1% growth rate forecast for 2021
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The Mozambican government is forecasting an economic growth rate of 2.1% for 2021, according to the government spokesperson, Deputy Justice…