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Finance News
African Development Bank funding major road developments in Cameroon
Development of the Mintom-Lele-Ntam-Mbalam Road (Congo border) and facilitation of the Yaoundé – Brazzaville Transport Corridor The Republic of Cameroon has received a loan from the African Deve...
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US$74.9m Highway upgrade to connect Mozambique and Tanzania
US$ 74.9M Highway upgrade to connect Mozambique and Tanzania The African Development Bank (AfDB) approved US$ 71.8M grant and USD 3.1M loan to the Government of Mozambique for the construction of a 70...
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AfDB commits US$92.9m to open up access to Southern Ethiopia
AfDB commits US$92.9m to open up access to Southern Ethiopia On Wednesday 7th December of 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved USD 57.6M grant...
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Kyrgyz Republic Sign Agreement for North-South Alternate Road Corridor Rehabilitation
The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic today signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road C...
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ADB approves loan for 160km of road projects in Nepal
The Asian Development Bank (ADB) has approved a $186.8 million loan to upgrade 160 kilometres (km) of Nepal’s strategic road network and improve the country’s domestic and regional transport connectiv...
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European Investment Bank loans Poland 70m Euros for 40km Road Upgrade
European Investment Bank loans Poland 70m Euros for 40km Road Upgrade Loan agreed with the European Investment Bank (EIB) to lend Euro 70M towards the upgrading of a section of the S7 highway between...
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Funding Approved for the Dili to Baucau Highway Project, East Timor
Timor-Leste (East Timor) 16th November 2016 Funding Approved for the Dili to Baucau Highway Project The project is consistent with the Timor-Leste Strategic Development Plan (SDP) 2011-2030, which set...
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AfDB approves US$3m grant for feasibility studies for Central Africa roads & bridges
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 studies for the Kribi...
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