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The package consists of a $32 million line of credit from the AfDB and an additional $8 million in parallel financing from the Africa Growing Together Fund.

AfDB approves $40 mn package for Angola’s BMA to support SMEs

Our Correspondent30 April 2020 5:36 PM IST

The African Development Bank (AfDB) on 15 April approved a $40 million financial package to support Angola’s Banco Millennium Atlântico (BMA) to...

Of the total loan amount, AfDB will provide $198.6 million while African Development Fund (ADF) will contribute $23.52 million.

AfDB sanctions $272.12 million loan for construction of Tanzania’s Msalato International Airport

Our Correspondent23 Dec 2019 8:57 PM IST

Tanzania will receive a $272.12 million loan from the African Development Bank (AfDB) for the construction of Msalato International Airport in Dodoma.

The five-year project will convert the 84 kilometres Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass and is due for completion in 2025.

AfDB approves €209 fund for linking major economic hubs in Kenya

Our Correspondent4 Oct 2019 11:00 PM IST