April 1, 2016/AfDB The African Development Bank (AfDB) Group President, Akinwumi Adesina, announced Friday a relief package of US $549 million in support of 14 countries most affected by the ongoing drought in Eastern and Southern Africa. The AfDB acknowledged the severe impact of the El Niño weather pattern that is […]
Tag: African Development Bank
AfDB scouts for viable energy models for power-starved Africa
April 1, 2016/AfDB A major preoccupation of the just-concluded visit to Asia by an African Development Bank team led by its President, Akinwumi Adesina, was the search for an efficient energy system that can be easily adapted in some of the most energy-starved African countries. Energy is at the top […]
Chase Bank secures KShs 5-billion AfDB lending facility
March 31, 2016/AfDB Latest round of financing to spur Chase Bank’s credit expansion to SMEs as it plans KShs60 billion for sector in the next three years. Chase Bank has secured KShs 5 billion (USD 50 million) on-lending facility from the African Development Bank (AfDB) to support its growth strategy. […]
