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    African Development Bank

    CONTINENTAL EXCELLENCE: Centenary Bank listed among African Banker Award nominees for 2022

    CEO ReporterCompany NewsNews & AnalysisMay 4, 2022May 4, 2022

    Centenary Bank has made it to the highly coveted list of over 60 nominees for this year’s African Banker Awards. The African Banker magazine, (a continental business publication) has announced…

    Global development finance coalition commits over US$ 5.5 billion for Micro, Small & Medium Enterprises financing in Africa

    CEO ReporterAfricaNews & AnalysisFebruary 17, 2022February 17, 2022

    The coalition for a sustainable and inclusive recovery of the private sector an international group of 20 development finance institutions that came together in 2020, today announced commitments of over USD 5.55…

    AfDB Chief, Tanzania President launch works on major Dodoma road to expand markets and economic growth

    CEO ReporterAfricaNews & AnalysisFebruary 11, 2022February 11, 2022

    The head of the African Development Bank Group, Dr. Akinwumi A. Adesina, on Wednesday joined Tanzanian President Samia Suluhu Hassan to formally launch the construction of the landmark Dodoma City…

    African Development Bank president begins three-day official visit to Tanzania

    CEO ReporterNews & AnalysisFebruary 8, 2022February 8, 2022

    African Development Bank Group President Dr. Akinwumi A. Adesina began a three-day official visit to Tanzania on Monday. The visit signals strong ongoing support by the pan-African lender for transformative…

    Umeme invests UGX15.2 billion to power communities in Luuka

    CEO ReporterCompany NewsNews & AnalysisOctober 12, 2021October 12, 2021

    Umeme has commissioned another multibillion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification. The US$ 4,205,623 (UGX15.2 billion) project, that involved…

    More than 87,000 to get connected as Government hands over materials to Umeme for last mile connections

    CEO ReporterMinistries, Agencies & DepartmentsNews & AnalysisSeptember 15, 2021September 15, 2021

    The Government of Uganda has secured $100m (UGX360 billion) funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme footprint. Up…

    Bidders resort to blackmail as KCCA selects contractors for $288m AfDB road projects

    CEO ReporterCompany NewsNews & AnalysisJuly 12, 2021July 12, 2021

    As the team at Kampala Capital City Authority (KCCA) enters the final stage of evaluating contractors for upcoming road projects, some bidders, afraid of the process, have resorted to blackmail….

    Equity Group Holdings Plans Trans-Africa Expansion with US$100m Loan from African Development Bank

    CEO ReporterCompany NewsFinanceApril 11, 2021April 12, 2021

    Equity Group Holdings (EGH) has signed a USD $100 million (UGX364 Billion) loan facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and…

    African Development Bank Warns Gov’t Project Delays Could Attract Penalties

    URNFinanceFebruary 1, 2021February 1, 2021

    The African Development Bank has threatened to withdraw funding for the project aimed at building the capacity of Ugandans for opportunities in the oil and gas sector, should the government…

    Africa is the world’s next business frontier, says AfDB’s Akinwumi Adesina

    CEO ReporterFinanceJanuary 21, 2021January 21, 2021

    African Development Bank President Akinwumi A. Adesina has said that Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector. Adesina was…

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