News & Events
Stay up to date on all our exciting new events and view past webinars and podcasts with instant playback.
Canada – African Development Bank Climate Fund approves $36.3 million in support to climate adaptation on the continent
The Canada-African Development Bank Climate Fund (CACF), dedicated to backing gender-affirmative climate change initiatives in Africa, has sanctioned $36.3 million for two private sector ventures fostering climate adaptation in the continent. This funding includes $18.3 million allocated for the enhancement of Port Autonome de Cotonou in Benin and another $18 million to aid the construction of three seawater desalination plants as part of the Green Investment Program of the OCP Group, provided as concessional loans to the private sector companies involved.
Read the original article here: https://afdb.africa-newsroom.com/press/canada–african-development-bank-climate-fund-approves-363-million-in-support-to-climate-adaptation-on-the-continent?lang=en
Absa and AfDB agree US$150mn trade finance facility
The African Development Bank (AfDB) has approved a trade finance facility of US$150 million to support Absa Group, a South African lender, in expanding its social and sustainable financing efforts. Additionally, the AfDB has agreed to provide about US$90 million in sustainability-linked loans and invest US$53.8 million in Absa’s inaugural social bond issuance. The trade finance facility aims to enhance access to funding for businesses, enhance trade facilitation in low-income nations, and promote intra-Africa trade, as stated by the AfDB.
Read the original article here: https://www.gtreview.com/news/africa/absa-and-afdb-agree-us150mn-trade-finance-facility/
AfDB approves sh5b for Uganda-Kenya Expressway project
The African Development Bank (AfDB) has granted $1.4 million (sh5.2b) to the East African Community (EAC) for the feasibility study of the Kisumu-Kisian-Busitema-Busia Expressway Project. This funding, provided through AfDB’s New Partnership for Africa’s Development and Infrastructure Project Preparation Facility (NEPAD-IPPF), aims to support the development of the Expressway, which is a vital component of the Northern Corridor. The corridor spans from Mombasa to Burundi, Democratic Republic of Congo, Rwanda, and Uganda, facilitating the transportation of cargo from Indian Ocean ports to the five landlocked EAC Partner States.
Read the original article here: https://www.msn.com/en-xl/news/other/afdb-approves-sh5b-for-uganda-kenya-expressway-project/ar-AA1jhgBL
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.