Tag «AfDB»

AfDB approves US $1-million humanitarian emergency grant to Tanzania to mitigate effects of earthquake in Kagera region

 Abidjan, Côte d’Ivoire, January 19, 2017 – People affected by the earthquake which hit the Kagera region, in northwestern Tanzania, in September last year will get some relief from a humanitarian emergency grant approved by the African Development Bank Group’s Board last week. The assistance will help to meet urgent needs of primary and secondary …

AfDB approves US $75-million financial package to complement Diamond Trust Bank Kenya Limited’s funding to enterprises in East Africa

Abidjan, Côte d’Ivoire, November 23, 2016 – The Board of Directors of the African Development Bank has approved a US $75-million financial package comprising US $50-million Line of credit and US $25-million Subordinated Debt to Diamond Trust Bank Kenya Limited. The funding is aimed at supporting SMEs and emerging corporates in East Africa. The LoC …