• Cameroon: AdfB releases 150 million euros for Nachtigal dam project

    The African Development Bank (AdfB) has agreed to allocate 150 million euro for the Cameroonian government and its partners in the construction of Nachtigal dam, 65 km north of Yaounde expected to produce 420 megawatt. The future...

    • Posted 2 years ago
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  • SA: AfDB green-lights $172-mln financing package to NedBank group

    The board of directors of the Abidjan-based PanAfrican institution Thursday agreed to release $172 million to serve as financial package for NedBank group in its drive to cover default risk and finance local and continental business. “The...

    • Posted 2 years ago
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  • Nigeria: AfDB confirms $400-million loan

    The African Development Bank (AfDB) Tuesday debunked Reuters report indicating that the African lending institution was redirecting $400-million loan requested by the Nigerian Federal government to shore up it 2017 deficit budget. “The African Development Bank (www.AfDB.org)...

    • Posted 2 years ago
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  • Kenya: AfDB greenlights $100ml line credit to KCB to boost private sector

    The African Development Bank (AfDB) Thursday agreed to support Kenya’s leading bank Kenya Commercial Bank Limited (KCB) in its assistance for local companies with $100 million Line of Credit (LOC). The credit, the Abidjan-based institution noted ‘’...

    • Posted 2 years ago
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