Category: Business

By Joyce Mulama The people of Narok County in southwestern Kenya are breathing a sigh of relief after the construction of the first-ever sewerage treatment plant in the county. Funded by the African Development Bank () and the Kenyan government to the tune of $15 million, the sewerage project is part of the larger Kenya Towns Sustainable Water Supply and… Read More

Some 1,500 women engaged in informal trade across Liberia and Sierra Leone’s border will soon receive training and mentorship to formalize their businesses, increase and stabilize their incomes, and create safer trading environments. The Mano River Union Secretariat will receive a $4.2 million grant from the African Development Bank through the Transition Support Facility, to boost the Union’s commitment to… Read More

An African Development Bank Group delegation led by Dr. Kevin Kariuki, the Bank’s Vice President for Power, Energy, Climate Change, and Green Growth, has concluded a one-week mission in Egypt on preparations for the United Nations climate change conference (COP27) which will be held in Sharm-el-Sheikh in November 2022. The dialogue focused on how the Bank and Egypt can collaborate… Read More

African Development Bank head Akinwumi A. Adesina joined President of the Republic of Mozambique Filipe Jacinto Nyusi, to launch the “milestone” Pemba-Lichinga Integrated Development Corridor on Saturday, in Mozambique’s northern Niassa province. The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group approved a $47.09 million grant for the first phase of… Read More

<!– Photo caption: The signing of the grant agreement took place at the Bank’s premises in Abuja, 23 March 2022. –> The African Development Bank and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. Lamin… Read More

<!– Photo caption: The signing of the grant agreement took place at the Bank’s premises in Abuja, 23 March 2022. –> The African Development Bank and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. Lamin… Read More

A new report estimates that by 2050 climate risks could cause damage worth $3.9 billion in Ghana’s transport sector. But the report also offers a roadmap that could prevent the worst from happening. It also highlights extensive efforts by the government to counter climate risks. The potential damage of $3.9 billion is thrice the investment of $1.3 billion made in… Read More