Tag: African Development Bank

U.S.-Africa Summit: Biden to Host African Leaders in mid-December

July 22, 2022

The U.S.-Africa leaders summit will be held from 13-15 December, President Joe Biden announced Wednesday (20 December). Describing the U.S. commitment to Africa as „enduring." ... Read More

AfDB allocates Egypt $271m credit line to finance food security and economic resilience program

July 20, 2022

The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to ... Read More

Afreximbank grants Tunisia $700m loan

April 14, 2022

Tunisia has received $700 million in credit facility from African Export–Import Bank known as Afreximbank.   President Kais Saied, according to a statement by the ... Read More

AfDB lends Tunisia €104m to implement road modernization project

December 22, 2021

The African Development Bank, AfDB, has approved the allocation of €104 million to Tunisia for the implementation of the 2nd phase of the Road Infrastructure ... Read More

AfDB Lends Morocco € 114 Mln for Inclusive & Sustainable Farming

October 28, 2021

The African Development Bank has approved a € 114 million loan to support Morocco’s inclusive and sustainable agriculture in rural areas within the frame of ... Read More

African Development Bank lends Morocco $1.1 bln in 8 months

July 25, 2020

The African Development Bank granted Morocco $1.1 billion in loans over the last 8 months to finance strategic sectors, head of the bank’s branch in ... Read More

Morocco, Leader in Africa’s Macroeconomic Integration

May 26, 2020

Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the ... Read More

Post-disaster: Malawi needs $ 381 million to rebuild the country

July 9, 2019

Cyclone-hit Malawi will need 290 billion Malawian kwacha (more than $ 381 million) for reconstruction work, according to a post-disaster needs assessment conducted by the ... Read More

Kenya-Tanzania power project moves forward to meet its 2020 deadline

February 13, 2019

The Kenya-Tanzania Power Interconnection Project has moved forward with the division of lots and the commitment of contractors to set up a 510km 400kV transmission ... Read More

Morocco’s BCP Secures Funds to Upgrade Business Financing in West Africa

June 29, 2018

The Central People's Bank of Morocco (BCP) has secured funds from Proparco and the African Development Bank, destined to upgrade its business financing in West ... Read More