AfDB Finances 4 New Projects

The African Development Bank approved on July 6 nearly $157 million in financing for projects in Chad, Mali, Senegal and Uganda.

The financial package specifically includes:

- €5.5 million ($7.9 million) in credit line to allow the Mali Solidarity Bank to support microfinance institutions and small and medium-sized enterprises.

- $89 million for the Improvement of Health Services Delivery at Mulago Hospital and in the City of Kampala Project in Uganda.

- $43.2 million in concessional loan for an economic reform support program in Senegal.

- $16.64 million to back a rural, pastoral and transhumance infrastructure project, which seeks to improve access to pastoral infrastructure and resources as well as basic social services for transhumant and sedentary population.

AfDB likewise announced the approval of the Dialogue Note 2011-2012 with Algeria, which specifies areas on which the two parties will focus their continued discussions, including capacity strengthening, private sector development and regional integration with both the Mediterranean region and sub-Saharan Africa.

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About the author

  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.