AFDB | - Part 4

Ghana Airports Company boosts by AfDB’s US$120-million corporate loan

Accra, Ghana, Capital Markets in Africa — On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US$120 million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports. The loan is the first private-sector investment…

AfDB approves US$428 million in energy and infrastructure, transport and water projects in eight African countries

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Abidjan Cote D’Ivoire , Capital Markets in Africa — The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 30, 2015 approved combined loans and grants amounting to US $428.43 million to finance projects in energy, infrastructure, transport and water and sanitation in eight African counties – Ghana, Tanzania, Zimbabwe, Guinea Bissau, Guinea, Senegal and Côte d’Ivoire. Under the approvals, Ghana Airports Company Ltd. will receive a loan of US $120…

AfDB approves US$ 121 million for electricity expansion to rural households in Uganda

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank (AfDB) Group Board approved on 16 September 2015 a US$ 121 million loan and grant to help Uganda’s government improve access to electricity for rural households, businesses and public institutions to ultimately improve the livelihoods, economic opportunities and access to social services in rural communities. The Bank Group allocated a US$ 100-million loan and an additional €10.205 million grant mobilized by the AfDB…

AfDB approves US$22-million grant to break “triangle of thirst” in West Kordofan, Sudan

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank Group (AfDB) on Wednesday, September 9 committed a grant of US $22-million to finance water and sanitation facilities in the West Kordofan State of Sudan and a country-wide Institutional Capacity Development Program. More than 130,000 people (69,000 women) in the rural areas of West Kordofan State are targeted beneficiaries. Water supply points will also benefit approximately 730,000 heads of livestock. The Water Sector…

Infrastructure and Migration: Prevention vs. Reaction

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GENEVA, Switzerland, Capital Markets in Africa — In what has been coined the worst migration crisis in Europe since the end of the Second World War, hundreds of thousands of migrants from the Middle East and Africa have flocked to Europe in seek of help. In 2014, roughly 170,000 migrants landed on Italian shores alone. With the rise of movement, there has been a sharp and tragic increase in migrant deaths. The staggering numbers hold deep significance;…

Zambia – AfDB approves US$ 243 million loans for the rehabilitation of Chinsali-Nakonde Road

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Zambia (Capital Markets in Africa) — The Board of Directors of the African Development Bank Group (AfDB) has approved a US $193-million Bank loan and a US$ 50-million loan from Africa Growing Together Fund (AGTF), to support the rehabilitation of the Chinsali-Nakonde road, a section of the North-South Corridor in Zambia, connecting Tanzania. The project aims to improve road transport infrastructure and services as well as reduce transport costs between northern Zambia and southern Tanzania. It…

AfDB approves €16.7 million to improve electricity access in Guinea Bissau’s capital

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Abidjan, Cote d’Ivoire (Capital Markets in Africa) — The African Development Bank (AfDB) Group announced on Wednesday, June 8 the approval of €16.7 million (a €9-million loan and a €7.7-million grant) in financing toward a program which aims to strengthen the electricity distribution network in Guinea Bissau’s capital by rehabilitating the facilities of 31,000 existing subscribers; connecting 10,500 new subscribers; and improving the commercial management and governance of the public utility, the National Electricity and…

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