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Tag Archives: AFDB

African Dev Bank promises to bring down electricity prices

The African Development Bank (AfDB) has assured President Yoweri Museveni that they are planning several interventions that will bring down the electricity tariffs in Uganda. AfDB president Akinwumi Adesina gave the assurances after Museveni expressed concern over the high cost of electricity, which he says is not coming down until an AfDB bank …

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COMMENT: Africa’s infrastructure delivery

COMMENT: By Moono Mupotola Experts confirm potential of the Programme for Infrastructure Development in African (PIDA) to contribute jobs and GDP growth When the Lamu Port, South Sudan, Ethiopia Transport Corridor Project (LAPSSET) won the prestigious Global Infrastructure Leadership Forum Award in Washington DC on March 10, 2016, the project …

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Kasaija warns UNRA on $151m Busega-Mpigi expressway

Kasaija warns UNRA against delayed works as government signs a $151million loan for the construction of Busega-Mpigi highway Uganda has signed a sh545billion ($151 million) loan from the African Development Bank (AfDB) to help finance the construction of a four-lane 23.7 kilometer Busega-Mpigi expressway. The AfDB earlier this year approved $245 million …

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AfDB lists Shs 12.5billion bond on USE

By Joan Akello The officer in charge of the African Development Bank (AfDB), Jason Mosomi Mochache says the 2 year local currency bond that attracts 25 percent yield will finance infrastructure and develop African capital markets. It is noted that foreign currency denominated liabilities have frequently financed local currency activities …

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Kaberuka tips Uganda on oil

  By Ronald Musoke The president of the African Development Bank, Donald Kaberuka, has advised Uganda to exploit her oil and natural gas resources in an optimal manner if the country is to avoid repeating the mistakes the first generation African oil and gas producers like Nigeria have made over …

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