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The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya.
EAC Industry Investment

Kenya gets €209m loans for expansion of ‘Great North Road’

EABW Editor

The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya. The total project cost is €257.68 million, of which €178.02 million (69%) will be financed by the Bank Group, while 12% will come from […]

EAC

AfDB’s economic outlook shows decline in regional economies

charlesmulungi

The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports. The regional economic studies were released in Tunis (North Africa), Abidjan (West and Central Africa), Nairobi (Eastern Africa) and Pretoria (Southern Africa).  "By offering regional approaches for the first time, we want to leverage the Bank's expertise and […]

EAC

Maersk boosts Kenya’s SGR train with full block

charlesmulungi

MOMBASA, Kenya–The world's largest container shipping company Maersk on Friday engaged the services of a full block freight train to ferry cargo from the Port of Mombasa via the Standard Gauge Railway (SGR) to the Inland Container Depot (ICD) in Nairobi. In a move billed as a game changer and a major boost for the […]