Banking & Finance

AfDB to release funds for Africa’s infrastructure

africaroad  codaThe African Development Bank has proposed a US$20bn innovative instrument for financing of Africa’s infrastructure development

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AfDB approves grants worth US$9 million for Malawi

malawi  khym54The African Development Bank (AfDB) has approved two grants for Malawi worth US$9mn for budgetary support and a hydroelectric power plant feasibility study

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African Development Bank invests US$11 billion in COMESA

African Development Bank invests US11 billion in COMESAThe African Development Bank (AfDB) has invested US$11bn in infrastructure development across the COMESA region in the last five years

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AfDB pledges US$18 million to support Somalia’s reconstruction

somalia UtenriksdeptThe African Development Bank has pledged its support for Somalia's reconstruction with a commitment of US$18mn over a period of three years

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KCB and Western Union launch account-based money transfer service

KCB and Western Union launch account-based money transfer serviceWestern Union and KCB Group have announced the launch of an account-based money transfer service (ABMT) in East Africa, allowing customers to send and receive money from more than 200 countries around the world

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