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Finance News
World Bank helping Tanzania to transform Dar es Salaam’s road transport to reduce traffic
World Bank helping Tanzania to transform Dar es Salaam’s road transport to reduce traffic World Bank Group President Jim Yong Kim and Tanzanian President John Magufuli unveiled the foundation stone fo...
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European Investment Bank lends EURO 280 million to upgrade 14 regional Greek airports
European Investment Bank lends EUR) 280 million to upgrade 14 regional Greek airports The European Investment Bank (EIB) has signed two loan agreements worth EURO 280 million in total with Fraport Gre...
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European Investment Bank pledges extensive support for Kenyan energy and transport projects
European Investment Bank pledges extensive support for Kenyan energy and transport projects During an official visit to Kenya, the European Investment Bank (EIB) has pledged new support for projects i...
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World Bank Rural and Urban Access Improvement Project will benefit more than half a million Nicaraguans
World Bank Rural and Urban Access Improvement Project will benefit more than half a million Nicaraguans Nicaraguan farmers, ranchers, transport and micro entrepreneurs, 51 percent of them women, will...
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China finances US$1.5 Billion for 156km Lagos to Ibadan Rail link in Nigeria
China finances US$1.5 Billion for 156km Lagos to Ibadan Rail link in Nigeria Construction work on the Lagos to Ibadan Rail Link was signed on 6th March 2017 for the 156km railway line from the coastal...
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EIB and BGK finance construction of Kraków bypass in Poland under Juncker Plan
EIB and BGK finance construction of Kraków bypass in Poland under Juncker Plan The European Investment Bank (EIB) and the Bank Gospodarstwa Krajowego (BGK) Polish development bank today announced the...
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Chinese Contractor finances US$13 Billion for 600km Malaysia East Coast Rail Link
Chinese Contractor finances US$13Billion for 600km Malaysia East Coast Rail Link The Malaysia government have just published the proposed route for the Chinese-financed 600km East Coast Rail Link. The...
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Development Bank of Southern Africa finances 580km of road reconstruction in Kenya
Development Bank of Southern Africa finances 580km of road reconstruction in Kenya The Development Bank of Southern Africa (DBSA) has agreed with the Kenya Ministry of Transport to finance reconstruct...
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The European Investment Bank loans €175m for Schiphol Airport extension
The European Investment Bank loans €175m for Schiphol Airport expansion The European Investment Bank (EIB) and N.V. Schiphol Airport have signed a loan agreement of Euro 175 million, the first instalm...
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EIB finances modernisation of Szczecin and Świnoujście seaports in Poland
EIB finances modernisation of Szczecin and Świnoujście seaports in Poland The European Investment Bank (EIB) has provided a Euro 38 million loan to Szczecin and Świnoujście Seaports Authority for inve...
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European Investment Bank supports vulnerable islands around the world
Salaheddine Mezouar, president of the UN climate treaties conference COP22, said the event, which took place in Morocco in November, would allow “the voices of the most vulnerable countries to climate...
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Chinese built and funded Djibouti-Ethiopia railway opens for business
Chinese built and funded Djibouti-Ethiopia railway opens for business Africa’s first electrified standard gauge railway entered service yesterday between the suburbs of Addis Ababa and its coastal nei...
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China funds Jamaica’s US$348 million South-East coastal highway project
China funds Jamaica’s US$348 million South-East coastal highway project Jamaican Finance and Public Service Minister Audley Shaw will travel to the People’s Republic of China next week to sign a...
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Construction starts at Ghana’s new US$1.5 billion Container Terminal Port
Construction starts at Ghana’s new US$1.5 billion Container Terminal Port Construction work began at the Port of Tema in Ghana in January 2017 on a new US$1.5 billion container terminal near the...
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Antigua and Barbuda announce US$17.5 Million road rehabilitation project
Antigua and Barbuda announce US$17.5 Million road rehabilitation project On Thursday, 9th February 2017, the Government of Antigua and Barbuda officially launched a road rehabilitation project to upgr...
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AfDB funds US$40.8 million for Benin and Togo coastal road upgrade
The Board of Directors of the African Development Bank (AfDB) have approved a US$40.8 Million loan on Friday 16th December 2016 to the Republics of Benin and Togo to finance the upgrading of a 30-kilo...
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AfDB loans US$245m for Uganda to Rwanda Transport Project
The African Development Bank (AfDB) approved US$ 245 million in loans and grants to the Governments of Uganda and Rwanda to finance a transport project that will boost regional trade and decongest tra...
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Serbia receives US$290m for 1,100km of Road Rehabilitation and Safety Projects
Serbia receives US$290m for 1,100km of Road Rehabilitation and Safety Projects The project will support the rehabilitation and safety of about 1,100 km of Serbia’s major roads over the next five years...
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World Bank gives Laos US$25m to strengthen and climate-proof rural roads
The World Bank’s Board of Executive Directors approved a US$25 million credit from the International Development Association (IDA) to help Laos (Lao Peoples Democratic Republic) to strengthen its road...
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ADB finances Bhutan Northern Bypass Road
The Kingdom of Bhutan has received a grant from Asian Development Bank (ADB) towards the cost of South Asia Sub-Regional Economic Cooperation (SASEC) Road Connectivity Project. Part of this grant will...
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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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