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AfDB facility, Netherlands sign €6m agreement

AfDB facility, Netherlands sign €6m agreement

The African Legal Support Facility (ALSF) and the Netherlands’ Ministry for Trade and Development Cooperation have signed a financing agreement of six million euros. It is to be disbursed over a three-year period. In a statement by the African Development Bank (AfDB) on Thursday, the ALSF Director, Stephen Karangizi, thanked the Netherlands for its strong support […]

Africa accounts for only 6℅ global energy, says AfDB

Africa accounts for only 6℅ global energy, says AfDB

The African Development Bank (AfDB) says Africa accounted for only six per cent of global energy demand, a little more than three per cent of electricity demand. Mr Kevin Kariuki, Vice President, Power, Energy and Green Growth of AfDB made the assertions at the second webinar series of the Africa Investment Roundtable (AIR) entitled: “Sustainability […]

AfDB, EIB sign Joint Action Plan for Africa

AfDB, EIB sign Joint Action Plan for Africa

The African Development Bank, AfDB, and the European Investment Bank, EIB, have signed a Joint Partnership Action Plan (JPAP) to fast-track development in the African continent.

AfDB Board of Directors approves borrowing programme for 2021

AfDB Board of Directors approves borrowing programme for 2021

The Board of Directors of the African Development Bank (AfDB) has approved the Bank’s 2021 Borrowing Programme for up to US$10.4 billion to be raised from capital markets. A statement from the bank said the borrowing programme will allow the Bank to raise funds in the debt capital markets in order to help finance its […]