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December 18, 2023
Morocco: The African Development Bank Mobilizes €246 Million for the Construction of the Guercif-Nador Highway
Financing Read more »
November 30, 2023
Africa: Cameroon - African Development Bank Group Loans Over Eur 73 Million for Construction of a Bridge Over the River Ntem Between Campo (Cameroon) and Rio Campo (Equatorial Guinea)
The Board of Directors of the African Development Bank Group on 29 November 2023 granted financial support of EUR 73.44 million to Cameroon for the construction of a bridge over… Read more »
October 13, 2023
Africa: African Development Bank Imposes 12-Month Conditional Non-Debarment On Unik Construction Engineering (Pty) Limited for a Corrupt Practice
The African Development Bank Group, on 13 October 2023 announces the conclusion of a negotiated settlement agreement with Unik Construction Engineering (Pty) Limited, thus putting… Read more »
October 02, 2023
West Africa: Africa Investment Forum 2023 - West Africa Aims to Accelerate the Construction of the Abidjan to Lagos Highway
Representatives from more than 30 regional and international development finance institutions took part in the first roundtable on the Abidjan-Lagos highway. Read more »
November 30, 2022
Senegal: Senegal - African Development Bank to Invest Over €166 Million in Construction of Highway to Open Up the Country's North
The construction of a highway between Dakar and Saint Louis will open up Senegal's northern regions, considered the country's rice granary and an area with high mining potential. Read more »
May 24, 2022
Africa: Morocco - The African Development Bank Provides €57 Million in Additional Financing for Construction of the Nador West Med Port Complex
The Board of Directors of the African Development Bank Group, has approved additional financing of 57 million euros for construction of the Nador West Med port complex in Morocco. Read more »
December 23, 2021
Africa: African Development Bank Debars Weihai Construction Group for 35 Months for Fraudulent Practices
The African Development Bank Group, on 23 December 2021, announces the conclusion of a negotiated settlement agreement with Weihai Construction Group, thus putting an end to… Read more »
March 31, 2020
Mozambique: Government and African Development Bank Sign Financing for Mueda-Negomano Road Phase II
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to… Read more »
December 19, 2019
Africa: African Development Bank Lends $272 Million for Construction of Msalato International Airport
The Board of Directors of the African Development Bank has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. Read more »
December 13, 2019
Tanzania: Kenya & Tanzania - Over 3 Million People to Benefit From African Development Bank's €345 Million Road Construction Support
Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank's… Read more »
November 12, 2019
Africa: 2019 Africa Investment Forum - Historic Signing of High-Speed Railway Construction Concession Agreement for Ghana
The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana's capital. Read more »
June 26, 2019
Africa: Integrity in Development Projects - African Development Bank Blacklists Oceanic Construction and Engineering Nigeria for 48 Months for Fraudulent Practices
The African Development Bank Group has blacklisted Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for fraudulent… Read more »
March 19, 2018
Rwanda: African Development Bank, Partners Fund Construction of 208-Kilometre Regional Road Project in Rwanda
1.1 million people to benefit Read more »
September 20, 2017
Africa: Integrity in Development Projects - African Development Bank Debars Malian Company Entreprise De Construction Urbaine Et Rurale
The African Development Bank Group (AfDB) on September 19, 2017, announced the debarment of Entreprise de Construction Urbaine et Rurale (ECUR) for a minimum period of three years. Read more »
August 22, 2017
Africa: Integrity in Development Projects - African Development Bank Debars Chongqing International Construction Corporation for Fraud
"It is the duty of the African Development Bank to ensure that the funds it receives from donors are used exclusively to further the socio-economic development of the institution's… Read more »
July 18, 2017
Cameroon: AfDB President Lays Foundation Stone of Lom Pangar Dam Power Plant
On Sunday 17 July 2017, The President of the African Development Bank Group (AfDB), Akinwumi Adesina, laid the foundation stone of the Lom Pangar Dam power plant in the… Read more »
July 11, 2017
Chad: AfDB to Finance Construction of 32 Megawatts Solar Power Plant in Chadian Capital, N'djamena
Chadian President Idriss Deby Itno and AfDB Vice President, Amadou Hott Read more »
June 20, 2017
Africa: AfDB to Support Mozambique SMEs in the Construction Sector Along Nacala Corridor
The African Development Bank's Board of Directors has approved a US $1-million African Private Sector Assistance Fund (FAPA) grant to the Government of Mozambique to finance the… Read more »
March 31, 2017
Uganda: Kenya-Uganda, AfDB Finances Upgrading and Construction of Roads to Connect the Two Countries
The African Development Bank Group (AfDB) approved USD 253.0 million of loans to the Governments of Kenya (USD 147.3 million) and Uganda (USD 105.7 million) for the upgrading of… Read more »
November 17, 2016
Africa: AfDB Approves U.S.$3.04-Million Grant for Road and Bridge Construction Feasibility Studies in Central Africa
The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake… Read more »
February 19, 2016
Africa: Boosting Affordable Housing in Africa
The Board of Directors of the African Development Bank (AfDB) approved on Thursday, February 18, 2016 a US $8.2-million equity investment in Africa's housing and habitat company,… Read more »
October 21, 2015
Africa: AfDB Board Approves €70 Million for Construction of Senegal's Digital Technology Park
In its bid to contribute to promoting Senegal as an information and communications technology (ICT) centre of excellence and a destination for the establishment of call centers,… Read more »
October 22, 2014
Congo-Kinshasa: AfDB Approves U.S. $82.7- Million Grant to Improve Batshamba-Tshikapa Road in the DRC
The Board of Directors of the African Development Bank on Wednesday, October 22 in Abidjan, Côte d'Ivoire, approved a grant of US $82.7 million (UA 55.56 million*) for the… Read more »
November 11, 2013
Namibia: AfDB and Namibia Sign ZAR 2.9 Billion Loan agreement
The African Development Bank Group (AfDB) and Namibia on Friday, November 8, 2013 signed a ZAR 2.9 billion (US $338 million) sovereign guaranteed loan to Nambia Ports Authority… Read more »
September 26, 2012
Africa: African Water Facility Supports the Construction of Multi-Purpose Dams in Zambia to Build Resilience to Climate Change, Increase Food Security
The African Development Bank approved on August 29, an African Water Facility (AWF) grant of €950,000 to support a project to help the Government of Zambia develop, test and… Read more »
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