The report, presented on October 1, reveals that the loans were sourced from both multilateral and bilateral lenders.

The public welcomed the development, expressing optimism that it would boost the livestock sector, create jobs, and bring much-needed foreign currency...

KawiSafi II is a $200 million (Sh25.8 billion) venture equity fund put in place to address investment gaps in energy transition, productivity, mobilit...

The endorsement came during the 44th Ordinary Summit of SADC leaders in Harare, Zimbabwe.

According to the latest African Economic Outlook by the African Development Bank (AfDB), the region is poised to record a 4.9 per cent GDP growth, the...

The additional capital will also support the African Export-Import (Afrexim) Bank, headquartered in Cairo, and the Trade and Development Bank (TDB), b...

Ruto highlighted that the frequency of extreme weather events continuously diminishes the resources available for public investment and the provision...

As Africa pursues economic growth, key issues include borrowing to finance key projects, as loans and other plans have left many countries struggling...

Kenya is one of four countries likely to be the first beneficiaries of an African Development Bank-funded (AfDB) project.

The AfDB said on Friday it was "delighted with and reassured by the strong personal leadership and firm commitment shown by Prime Minister Abiy Ahmed,...

The decision follows a breach of diplomatic protocol and an assault by Ethiopian security forces on two staff members.

The Nairobi City County Government will also seek to tap into more than US$ 2 billion in resources that ADB provides annually to fund projects and pro...