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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Agenda 2063: the African Development Bank contributes to validation of the African Union's second Biennial Continental Report

The technical group is responsible for monitoring and evaluation, scrutiny and reporting on progress made in the implementation of Agenda 2063

An African Development Bank delegation (www.AfDB.org) led by Abdul Kamara, Deputy Director General of the East Africa Region, is taking part in a validation workshop for the African Union's (UA) second Biennial Continental Report on Agenda 2063, held from 20 September to 6 October in the Zimbabwean capital Harare. The…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Tanzania: African Development Fund approves $116 million loan to upgrade southern road corridor

The Bank’s loan represents 98.71% of the project cost; the government of Tanzania will provide the remaining 1.29% in funding

The Board of Directors of the African Development Fund on Wednesday approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country. The Bank’s loan represents 98.71% of the project cost; the government of Tanzania will…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

G20 Compact with Africa Reaffirms Commitment to Securing Africa’s Recovery from Covid-19 Pandemic through Private Sector Development and Vaccine Manufacturing

The Compact with Africa is a G20 initiative that promotes macroeconomic, business and financing reforms to attract more private investment in Africa

Participants of a G20 Compact with Africa meeting this week assessed Africa’s progress in fighting the Covid-19 pandemic. “We are meeting at a pivotal time in the relationship between Africa and the rest of the world,” said Italian prime minister Mario Draghi. The Compact with Africa is a G20 initiative…

African Development Bank Group (AfDB)

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Source: African Development Bank Group (AfDB) |

Ghana: African Development Bank Group-financed road interchange opens, trade and incomes expected up

The four-tier interchange — the first of its type in West Africa—and a 10-km road network linking it to adjoining arterial roads, form part of the Accra Urban Transport Project

A jumbo road interchange financed by the African Development Bank Group (www.AfDB.org) has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors. Ghana’s President Nana Akufo-Addo commissioned the Pokuase Interchange…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egypt: The African Development Bank extends €145 million loan to bolster railway safety and reliability

The funding will be used to enhance operational safety and to increase network capacity on national rail lines

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP). The funding will be used to enhance operational safety and to increase network capacity…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Uganda: African Development Bank signs $229.5 million financing agreement for the Kampala-Jinja Expressway Project

The Kampala-Jinja Expressway Project will cut travel time and boost trade along an important artery linking Uganda with its neighbors

The African Development Bank (www.AfDB.org) and the Government of Uganda on Tuesday signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors. The Kampala-Jinja Expressway Public-Private Partnership (PPP)…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity

The project, once operational in 2023, will avert the consumption of 46.8 billion litres of diesel per year in the south, cutting 80 megatons of CO2 emissions

The African Development Bank (www.AfDB.org) has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The north of Angola has…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Mozambique: African Development Bank purchases temporary bridges to replace infrastructure destroyed in cyclones

The bridges are funded under the Post Cyclone Idai and Kenneth Emergency Recovery and Resilience Program

The African Development Bank (www.AfDB.org) has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique. The modular bridges are due to be installed in coming months after the appointment of local contractors. The goal is to restore transport connections to…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egypt: The African Development Bank signs agreements worth €109 million to transform sewage coverage in rural areas

The Integrated Rural Sanitation in Upper Egypt-Luxor project is set to boost sewage coverage in the region from 6% to 55%

The African Development Bank Group (www.AfDB.org) has signed financing agreements of €109 million with the Government of Egypt to improve sanitation infrastructure and services for rural communities in Luxor Governorate in Egypt’s Upper Nile region. The financing consists of a €108 million loan from the Bank, and a grant of…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egypt: the African Development Bank approves a loan of over $27 million to establish Kom Ombo solar power plant

The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse gas emissions and creating construction and other jobs

The African Development Bank’s Board of Directors (www.AfDB.org) today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile. The project is expected to lower electricity costs for businesses and…