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Nigeria spending $550m World Bank, AfDB loan on renewable electricity

The Federal Government, yesterday, in Abuja, said $550 million loan borrowed from World Bank and African Development Bank (AfDB) is currently being spent to electrify rural communities across Nigeria.

Abuja federal capital territoryAnita otubuAhmad salihijoRural electrification agencyWorld bankRural electrification fundAfrican development bank afFederal governmentAfrican development bankNigeria electrificationManaging directorProject management unitNigeria electrification projectAfdb loanRenewable electricityWorld bank

AfDB cushions indebted poor states

It will help the poorest African states survive a debt burden and vulnerabilities linked to economic shocks.

World bankAfrican development fundAfrican development bank afAfrican development bankSustainable borrowing policyNon concessional debt accumulationAgreed policy actionsWorld bank policyPerformance actionsLimit policyVincent owinoAfdb loan

AfDB grants Tanzania $140m loan for hydropower project

Project aims at providing reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in Kigoma.

Kigoma regionEmmanuel tutubaNnenna nwabufoBank groupYear development planBusiness delivery officePeople bankBank group east africa regional developmentAfrican development bank group afAfrica growing together fundAfrican development bankBank highAfrican development bank groupEast africa regional developmentSecond five year development planHigh five

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