Participation of the AfDB in the French-backed project signals the French firm building the road has cast its net wider in sourcing funds for the key mega project. The deal to build the road by the French consortium was signed during President Emmanuel Macron’s two-day visit to Kenya in 2...
Personal Finance Careers Workplace Music Motoring Videos Podcasts ePaper Business Daily 🪫 Your Subscription Ends Soon! Time flies with great content! Renew in to keep enjoying all our premium content. Treasury minister Njuguna Ndung’u to head AfDB boardFriday, May 26, 2023 - 2 mi...
“As the implementing partner of AFAWA’s Guarantee for Growth programme, we are already observing an increased appetite from banks for this innovative product that seeks to support women entrepreneurs,” Jules Ngankam, African Guarantee Fund’s Group CEO said in a statement. “We have recently ...
The company is one of three independent power producers (IPPs) developing the 105MW Menengai geothermal project. The withdrawal of AfDB is a blow to the government, which is looking to geothermal to power cheaper fuel development. With a proven potential of 7,000 megawatts, geothermal energy fr...
A group of investors backed by the African Development Bank (AfDB) has announced plans to set up a Sh7.5 billion cold storage facility at Ruiru’s Tatu City development. AfDB and its investment partners in the ARCH Emerging Markets Partners Limited (ARCH) wil...
“The current lending environment, characterised by an increase in lending rates due to inflation presents an opportunity for KMRC to Increase scale in lending since KMRC rates remain the same,” the firm said. “Government focus on unlocking the supply by facilitating the construction of affordab...
Some Sh500.4 billion (UA 2.384 billion) of the AfDB’s funding has gone to the public sector or projects guaranteed by the government and the remaining Sh129.8 billion (UA 618.7 million) to private entities. Lack of climate resilience given frequent shocks, namely, storms, floods and torrential...
AfDB has banned civil engineering firm Global Interjapan (Kenya) Limited from its projects after the company was found to have engaged in fraudulent practices.
The AfDB said its latest audit aims to provide credible evidence-based information on the impacts of the AfDB funded Last Mile Connectivity project. “The overall objective of the evaluation is to inform the mid-term review of the bank group’s strategy for the New De...
(STEM) education. Rolande Pryce, the World Bank Group Country Manager, Rwanda said. “Where those investments are being made, we see a gross under-representation of girls in education and women in STEM careers. We at World Bank seek to catalyze change by celebrating African STEM w...