Latest in Tag: The African Development Bank Highlight
Latest in Tag: The African Development Bank

AfDB to hold its annual meeting online for first time amid COVID-19
Effects of pandemic likely to be felt long-term, require continuous efforts to help countries, especially in Africa, recover, says Akinoumi Adesina

International banks reiterate support for Egypt’s development plans
AfDB issues $3bn social impact bond to support national coronavirus response

Egypt to participate in AIF2019
AfDB is one of the key supporters of the Egyptian economy, says banks’ country manager

AfDB funds 50 projects in Egypt worth of $3.3bn in 4 years
Macroeconomic stabilisation helped us in pushing partnered projects forward, says Blomberg

AfDB has supported Egypt with $1.5bn over past 3 years
Bank’s current portfolio in Egypt reached $3bn, distributed over 31 projects

AfDB’s multi-disciplinary mission visits Cairo to review its strategy’s implementation
Expected mission’s outcome to result in updated programme of AfDB’s interventions in Egypt in next few years

AfDB considers financing three solar energy projects in Egypt for $60m
The African Development Bank (AfDB) is considering financing three projects within the feed-in tariff programme in Benban, Aswan for $60m. A source at AfDB told Daily News Egypt that the bank has allocated $18m and $20m worth of finances for each project in the electricity production plant that depends on solar power. The source said …

EGP 10m grant from AFDB for developing Ashwa’yatÂ
AFDB study to finance 5 renewable energy projects

Industrial Development Bank negotiates with SFD to fund micro-enterprises
AfDB financed SFD with $72m for the Rural Income and Economic Enhancement Project

AfDB approves a $500m loan for Egypt’s economic development programme
AfDB seeks to support Egypt’s budget with $1.5bn over three years, says Minister of International Cooperation

AfDB’s third loan to Egypt to be decided before year-end
AfDB is working to have the loan before the year-end and the amount is yet to be designated, says Mokaddem

AfDB gives $800m to Egypt’s SMEs: Bank’s president
20% of all AFDB’s infrastructure projects connecting African countries also to connect power between these countries, says Kaberuka