AFDB | - Part 6

AfDB scaled up project funding by 15% to US$ 7.6 billion in 2014

Abidjan Cote D’Ivoire (Capital Markets in Africa) — The African Development Bank Group (AfDB) realised a 15.3 percent increase in its operations turnover in 2014 compared to 2013 despite the challenging global and regional economic environment, according to AfDB 2014 Annual Report. Support to infrastructure accounted for over half of the US $7.6 billion invested in the Regional Member Countries (RMCs) during the year, representing a 15.3-percent increase over the 2013 funding portfolio. According to…

AFDB Agenda for Africa: Akinwumi Adesina, Nigeria’s Agriculture Minister & Candidate for AfDB President

Posted on by The Editorial Team

Abuja, Nigeria (Capital Markets in Africa):- Africa is experiencing a never-before-seen economic and political transformation. Five of the world’s 10 fastest-growing economies are located here. While there are many reasons to celebrate the improved economic performance, daunting challenges remain. Foremost among them are widening economic and social inequalities that have resulted from non-inclusive growth. Africa’s poverty rates are still the highest in the world. Since the end of the colonial era, the African Development Bank…

Seychelles: AfDB Approves US$ 26 million for Mahe Water Project

Posted on by The Editorial Team

Seychelles (Capital Market in Africa) — The African Development Bank Group (AfDB) has allocated a loan and a grant amounting to US$ 25.995 million dollars to finance a water project in Mahe in the Seychelles. The Mahe Sustainable Water Augmentation Project (MSWAP) approved by the AfDB Board on Wednesday, 1 April 2015, in Abidjan, seeks to promote the country’s economic development by improving water supply capacity and resilience against climate change. The project aims at…

Tunisia: AfDB grants €49.4 million loan to enhance natural gas supply to disadvantaged regions

Posted on by The Editorial Team

Tunis, Tunisia (Capital Markets in Africa) — The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday, April 1, 2015 in Abidjan, a €49.4-million loan to the Tunisian Electricity and Gas Corporation, la Société tunisienne d’électricité et du gaz (STEG). The project for the development of natural gas transportation and distribution to the western part of the country is aimed at improving the supply of cheaper and less-polluting energy to the…

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