African Development Bank Group (AfDB) / Press Release

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- Group photo of workshop participants
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Source: African Development Bank Group (AfDB) | Apr 14, 2024

African Development Bank enhances Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Programs for greater impact

The ENABLE Youth program helps young African men and women access financing to grow their enterprises

The African Development Bank (www.AfDB.org) successfully concluded a three-day workshop in Nairobi, Kenya, aimed at enhancing its Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Program in preparation for its next phase. The ENABLE Youth program helps young African men and women access financing to grow their enterprises. Currently active in 15…

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- Benson Bumbe Nkhoma (2nd right), Principal Water Resources Management and Development Officer, African Development Bank, making a presentation. On the extreme right is Peter de Koming, Resident Project Manager, Kenya, World Waternet. The others are: Fred Nyongesa, Manager, Water Quality, Water Resources Authority (extreme left); Enock Sentru Kiminta, Chief Executive Officer, Kenya National Water Resource Users Association (2nd from left); and Robert Kisyula, Chief of Party, USAID STAWI (3rd from left)
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Source: African Development Bank Group (AfDB) | Mar 26, 2024

African Development Bank champions private-public partnerships and good governance for universal water access in Kenya

Kenya requires about Ksh 995 billion (around $7.5 billion) to achieve universal access to water and sanitation by 2030

Kenya’s Water and Sanitation Investors Conference 2024, held in the capital, Nairobi, concluded with a call for accelerated investment towards universal access to water and sanitation by 2030. The March 6-8 conference underscored the need for collaboration to support governments in bridging the financing gap through private sector funding, blended…

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- African Development Bank to support Kenya in transport, water, economic governance and skills development over the next 5 years
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Source: African Development Bank Group (AfDB) | Feb 06, 2024

Kenya: African Development Bank Adopts New 5-yr Plan to boost growth and human development

The 2024-2028 CSP focuses on boosting private sector-driven growth through infrastructure development, strategic reforms, and human capital development

The Board of Directors of the African Development Bank Group (www.AfDB.org) on 14th December 2023 approved a new five-year Country Strategy Paper (CSP) for Kenya. The 2024-2028 CSP focuses on boosting private sector-driven growth through infrastructure development, strategic reforms, and human capital development. The Bank's country office said these priority areas…

Source: African Development Bank Group (AfDB) | Jan 19, 2024

African Development Bank and United Kingdom (UK) announce Kenya as the next beneficiary of unlocked climate finance from the landmark Room to Run Sovereign Program

This project complements the ongoing UK Government efforts to address transmission network capacity limitations, reliability and quality of electricity supply, and high-power system losses, technical and non-technical, in Kenya

The African Development Bank (www.AfDB.org) and the United Kingdom have announced the selection of the Transmission Network Improvement Project in Kenya as a beneficiary project under the Room to Run Sovereign transaction (R2RS) (https://apo-opa.co/3U3D0CP). This means that up to $59 million of the $116 million total project cost corresponding to the…

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- €73 million in funding from the African Development Bank will support the Kenyan government's efforts to strengthen the social protection system for the most vulnerable populations
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Source: African Development Bank Group (AfDB) | Nov 30, 2023

Kenya: African Development Bank lends €73 million to improve economic governance and boost industrial development

The programme comes in support of the Kenyan Government's strategy to extend the average duration of the public debt portfolio in order to reduce its servicing costs over the long term

Meeting in Abidjan on 29 November 2023, the Board of Directors of the African Development Bank (www.AfDB.org) approved a loan of €73 million to Kenya to support Phase III of the Competitiveness and Economic Recovery Support Programme. The financing will cover the fiscal year 2023-2024. It is intended to build resilience…

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- The Last Mile Connectivity Project – Phase III, which will be implemented over six years (2024-2029), will provide electricity for more than half a million Kenyans
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Source: African Development Bank Group (AfDB) | Nov 30, 2023

Kenya: African Development Bank commits more than €101 million to boost access to electricity

The project will improve electricity access for households, social infrastructure and micro, small and medium enterprises

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved a €101.10 million loan to Kenya to implement the third phase of the Last Mile Connectivity Project. The project will improve electricity access for households, social infrastructure and micro, small and medium enterprises. The project will also…

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- AfDB Vice President, Regional Development, Integration and Business Delivery Marie Laure Akin-Olugbade (third from left) poses with Kenyan government officials and Jules Ngankam, Group Chief Executive Officer of the African Guarantee Fund ( third from right), during the AFAWA Finance series held in Nairobi, Kenya
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Source: African Development Bank Group (AfDB) | Nov 24, 2023

African Development Bank, African Guarantee Fund make business case for investing in Africa’s women-led enterprises at Affirmative Finance Action for Women in Africa (AFAWA) Finance Series Kenya

The AFAWA Finance Series Kenya, part of the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative, offers an overview of AFAWA’s partnership services for the Kenyan market

The call for greater gender-inclusivity highlighted the opening day of the AFAWA Finance Series Kenya, which drew an audience of senior Kenyan government, Chief Executive Officers of major financial institutions, women entrepreneurs, and business leaders in Nairobi, on Tuesday 21 November. The African Development Bank and the African Guarantee Fund…

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- AFAWA Finance Series - Kenya Day 1
- African Development Bank, African Guarantee Fund Kick Off Affirmative Finance Action for Women in Africa (AFAWA) Finance Series in Kenya to Unlock Financing for Women-Led Enterprises
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- In attendance, pictured from left in the attachment: Ms Harriet Chiggai, Advisor Women's Rights and Economic Empowerment, Office of the President of Kenya; Mr. Felix Bikpo Chairman, African Guarantee Fund; Mrs. Marie-Laure Akin-Olugbade, Vice President, Regional Development, Integration and Business Delivery African Development Bank; H.E. Gov. Ann Waiguru, Chairperson, Council of Governors; Mr. Jules Ngankam, Group Chief Executive Officer, African Guarantee Fund; H.E. Gov. Gladys Wanga, Governor of Homa Bay County, and Mr. James Muhati Principal Secretary, State Department for Economic Planning.
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- African Development Bank, African Guarantee Fund Kick Off Affirmative Finance Action for Women in Africa (AFAWA) Finance Series in Kenya to Unlock Financing for Women-Led Enterprises (1)
- African Development Bank, African Guarantee Fund Kick Off Affirmative Finance Action for Women in Africa (AFAWA) Finance Series in Kenya to Unlock Financing for Women-Led Enterprises (2)
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Source: African Development Bank Group (AfDB) | Nov 22, 2023

African Development Bank, African Guarantee Fund Kick Off Affirmative Finance Action for Women in Africa (AFAWA) Finance Series in Kenya to Unlock Financing for Women-Led Enterprises

The AFAWA initiative seeks to increase women’s access to finance in the continent by bridging the $42 billion financing gap for women-led and owned small and medium enterprises

The African Development Bank (www.AfDB.org) through its Affirmative Finance Action for Women in Africa (AFAWA) initiative, in partnership with African Guarantee Fund (AGF) and in collaboration with the Office of the President’s Advisor on Women’s Rights, have inaugurated the 6th edition of the AFAWA Finance Series in Nairobi, Kenya. This…

Source: African Development Bank Group (AfDB) | Nov 21, 2023

African Development Bank approves $10 million investment in Dhamana Guarantee Company Limited, East Africa

The Bank Group’s financing will enable Dhamana to issue guarantees for debt instruments

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an alternative source of long-term funding for infrastructure and the real sector in East Africa. Dhamana will be domiciled…

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- Fertilizer distribution agent Apollo displays products in a Nairobi retail shop
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Source: African Development Bank Group (AfDB) | Nov 17, 2023

Kenya: Africa Fertilizer Financing Mechanism commits more than $2 million to improve farmers’ access to fertilizers

Project will increase food production, income, and job creation for Kenyan smallholder farmers

The Africa Fertilizer Financing Mechanism (https://apo-opa.co/49HvzGN) will provide a $2 million partial trade credit guarantee and a $219,000 grant funding to Nairobi-based Apollo Agriculture Limited (www.ApolloAgriculture.com) to support the distribution of over 7,000 tonnes of fertilizers to some 100,000 smallholder farmers in Kenya. Between 2024 and 2026, the project will support…