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ADB approves $160m loan to boost electricity supply in Bangladesh
The Asian Development Bank (ADB) and the government of Bangladesh signed a $160 million loan agreement to upgrade Dhaka’s power distribution network. The loan, which was signed by Bangladesh’s Economic Relations Division secretary Md Shahriar Kader Siddiky and ADB’s deputy country director Jiangbo Ning, aims to enhance the efficiency and reliability of electricity supply in the capital.
The funds will go towards the Dhaka Power System Expansion and Strengthening Project, which involves constructing eight new substations and installing over 100 kilometres of underground power cables and 150 kilometres of overhead lines. The project aims to improve the overall operations and management capacity of the Dhaka Electric Supply Company Limited (DESCO) to meet international standards.
Dhaka has witnessed rapid urbanisation over the past decades but power infrastructure has not kept pace with rising demand. This ADB funding will be instrumental in modernising the city’s antiquated distribution network and meeting the needs of a growing population.
Read the original article here: https://www.newagebd.net/article/221786/adb-approves-160m-loan-to-boost-electricity-supply-in-bangladesh
Rising startups from Pakistan, Bangladesh, and Sri Lanka showcased in Singapore at SouthXChange
NBA appoints Rwandan Clare Akamanzi as CEO of NBA Africa
The National Basketball Association (NBA) has announced the appointment of Clare Akamanzi as the new CEO of NBA Africa. This strategic decision highlights the NBA’s commitment to expanding its presence across the African continent.
Akamanzi is an accomplished business leader with extensive experience in international trade, investment, and law. Her diverse expertise across the public and private sectors positions her as an ideal leader to advance the NBA’s goals in Africa.
As CEO of NBA Africa, Akamanzi will be responsible for overseeing the NBA’s basketball and business development initiatives in Africa. This includes grassroots programs to grow the game of basketball, media distribution and content creation, corporate partnerships, and more.
With basketball’s popularity rising steadily in Africa, Akamanzi’s role will be pivotal in harnessing this momentum. Her leadership will guide strategic planning and operations to engage more youth, fans and partners across the continent. Akamanzi’s appointment, beginning January 2024, comes at an exciting inflexion point as the NBA ramps up investments to strengthen the game and its brand in Africa.
Read the original article here: https://taarifa.rw/nba-appoints-rwandan-clare-akamanzi-as-ceo-of-nba-africa/
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