Tag: African Development Bank

Angola seeks AfDB loan as oil supports growth amid debt pressure
BusinessTechnology

Angola seeks AfDB support as oil cushions impact of global shocks

Angola is seeking fresh support from the African Development Bank as it works to steady its finances in a volatile global environment, even as stronger oil prices offer some relief.  The government is in talks for a $165 million budget support loan, part of a wider plan to raise about $1 billion from external sources this year. Officials say the…

Oluwatosin Alao Oluwatosin Alao
Abena Amoah Managing Director of the Ghana Stock Exchange
ExclusiveBusiness

Meet Abena Amoah: First female CEO of Ghana Stock Exchange

Abena Amoah, first female CEO of Ghana Stock Exchange, drives market growth, listings, and regional integration across Africa. GSE.

Timilehin Adejumobi Timilehin Adejumobi
KCB Bank Kenya Limited
BusinessHot News

KCB, AfDB seal $150 million deal to boost Kenya’s green finance

KCB and AfDB commit $150 million to expand Kenya’s green finance and boost climate-focused lending.

Timilehin Adejumobi Timilehin Adejumobi
The money will support infrastructure projects, job creation and private-sector expansion through 2030. 
BusinessTechnology

Namibia secures $1.78 billion in fresh AfDB funding

At a Glance Namibia has locked in $1.78 billion in fresh funding from the African Development Bank Group, a move that sets up one of the country’s most ambitious investment drives in years. The money will support infrastructure projects, job creation and private-sector expansion through 2030.  The approval comes as many households remain under pressure. Youth unemployment still sits above…

Oluwatosin Alao Oluwatosin Alao
AfDB boosts Africa’s disaster readiness efforts
BusinessHot News

AfDB approves $6 million to boost Africa’s disaster resilience

AfDB approves $6 million grant to boost Africa’s disaster preparedness and strengthen climate resilience through better risk financing.

Feyisayo Ajayi Feyisayo Ajayi
A farmer operates a harvester in a rice field, collecting mature crops for processing.
BusinessLuxury

GAFSP allocates $14 million to AfDB for private investment

At a Glance The Global Agriculture and Food Security Program (GAFSP) has approved a $14 million allocation to the African Development Bank (AfDB) to strengthen food security and boost private investment across Africa’s agricultural sector. The funding, announced this week, marks the first allocation under GAFSP’s new private-sector financing window and aims to make agricultural lending more attractive and sustainable…

Oluwatosin Alao Oluwatosin Alao
Cargo ships docked at the Port of Maputo, Mozambique.
BusinessTourism

Mozambique bets big on transport corridors for growth

At a Glance Mozambique is moving to redefine its economic future by investing heavily in transport corridors that connect its vast interior to one of Africa’s longest coastlines. The government views these projects not simply as infrastructure upgrades but as building blocks for long-term growth and industrialization.  For decades, the country has served as a vital gateway for its landlocked…

Oluwatosin Alao Oluwatosin Alao