African Development Bank – New Business Ethiopia

Bankable energy projects in Africa secure funding

January 10, 2019January 10, 2019 newbusinessethiopia

The African Development Bank Group (AfDB) has approved a $32.5 million equity investment, which will be directed towards bankable energy projects within Africa.

Meridian gets trade financing for Malawi, Mozambique, Zimbabwe operations

December 4, 2018December 4, 2018 newbusinessethiopia

The African Development Bank through its Trade Finance operations has signed a US$20 million facility to finance Meridian’s operations in Malawi, Mozambique and Zimbabwe.

Kenya secures funding for solar energy development

December 1, 2018December 1, 2018 newbusinessethiopia

The African Development Bank Group has approved a $18.17 million senior loan to the 40 MWac (50MWp) Kopere Solar Power Project of Kenya.

Burundi, Tanzania secure external finance for road construction

November 22, 2018November 22, 2018 newbusinessethiopia

The Boards of Directors of the African Development Bank Group have approved $322.35 million loans and grant to Burundi and Tanzania to finance the Rumonge-Gitaza (45 km) and Kabingo-Kasulu-Manyovu (260 km) road upgrading project.

African Development Bank announces $500 million sanitation funding

November 21, 2018November 21, 2018 newbusinessethiopia

The African Development Bank (AfDB) says putting considerable financial muscle into the global effort to improve toilets, and sanitation in general.

AfDB continues investing in infrastructure private equity

November 16, 2018November 16, 2018 newbusinessethiopia

The Board of Directors of the African Development Bank has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3).