The African Development Bank (AfDB) has signed an agreement with Ethiopia to “collaborate” on the construction of a $7.8bn international airport in Addis Ababa, Xinhua news agency reports.  Ethiopia’s finance…

A conference held in Tanzania last week to progress the electrification of Africa has resulted in a pledge to spend more than $50bn on expanding the continent’s grids and generating…

The African Development Bank has approved a $165m loan to Madagascar to build roads and bridges to boost its economy. Roads will be improved in two southern regions, Atsimo Andrefana…

The African Development Bank (AfDB) has allowed China Railway Construction Engineering (CRCE), a state-owned company, to be reinstated for bidding on bank-financed projects provided it meets guidelines and co-operates with…

The African Development Bank (AfDB) is to loan $54m towards meeting the $225m cost of Mozambique’s first wind farm. Funding is also being supplied by the Sustainable Energy Fund for…

A consortium of development banks has agreed to back “Project Shiprite”, a floating drydock that will be built at the port of Takoradi in western Ghana. The $137m dock will…

The African Development Bank (AfDB) has debarred contractor China Henan International Cooperation Group from bidding for projects the bank funds for a year for a fraudulent practice. China Henan failed…

The African Development Bank (AfDB) has withdrawn all its international staff from Ethiopia after two of its employees were arrested, physically assaulted, and detained for hours by security forces without…

The African Development Bank (AfDB) has agreed to loan $696m for a rail link between Burundi and Tanzania as part of Africa’s Central Corridor. The 651km route will be split…

The African Development Bank (AfDB) is to finance the building of a bridge across the River Ntem between Cameroon and Equatorial Guinea. The span will link Campo, in Cameroon, to…

The African Development Bank has loaned Namibia $196m towards the second phase of its Transport Infrastructure Improvement Project (TIIP). The money accounts for 52% of the total project cost; the…

International lenders have agreed to finance the lion’s share of a $264m project to improve roads, sanitation, and waste management in the Nigerian state of Abia. The state’s two main…

The government of Tanzania has signed a $300m loan agreement with the African Development Bank (AfDB) and the French Development Agency to finance the 88MW Kakono Hydropower Plant in the…

The African Development Bank (AfDB) will lend Uganda $301m to upgrade the Kampala–Malaba Metre Gauge Railway (MGR) to link the landlocked country to Kenya and its port of Mombasa. AfDB…