Topic: AfDB
Kenya's clean energy leap gets Climate Investment Funds' Sh11.2 billion boost
Feb 02, 2024 at 11:42 PM
Kenya's ambitious plan to become entirely reliant on renewable energy by 2030 has received a major shot in the arm with a Sh11.2 billion ($70) million endorsement from the Climate ...
Kenya embraces new economic boost as AfDB shifts focus in funding
Jan 15, 2024 at 09:48 AM
Kenya is set to witness a strategic shift in its infrastructure development landscape as the African Development Bank (AfDB), one of the country’s primary financiers, announces a...
Kenya Power in crisis as unpaid bills up by Sh16 billion as defaults hit Sh35 billion
Jan 08, 2024 at 12:18 PM
Kenya Power, the nation's leading electricity distributor, is facing a formidable financial challenge as unpaid customer bills surged by Sh16 billion in the fiscal year ending June...
Cabinet's ambitious Sh66 billion plan to finish perennial nationwide blackouts
Dec 14, 2023 at 12:40 AM
A cabinet meeting chaired by President William Ruto on Wednesday has directed the Ministry of Energy to take immediate action to end frequent power outages that have resulted in hu...
Kenya Power's Last Mile connectivity programme faces Sh5 billion funding cut
Nov 07, 2023 at 10:30 PM
Kenya Power and Lighting Company (KPLC)'s ambitious Last Mile Electricity Connectivity Programme has faced a severe setback as the government has slashed its funding by Sh5 billion...
Kenya's debt to World Bank reaches staggering Sh1.5 trillion amid currency depreciation
Oct 26, 2023 at 05:15 PM
The Central Bank of Kenya recently released data revealing that the nation's debt from the World Bank surpassed Sh1.5 trillion in June, due to increased disbursements and the depre...
Kenya eyes investor support for industrial parks at 2023 Africa Investment Forum
Oct 12, 2023 at 02:38 PM
Kenya is gearing up to attract increased investor interest to bolster its industrial park expansion as it participates in the forthcoming Africa Investment Forum (AIF) 2023 Market ...
Nairobi to host AfDB's 59th annual meeting and 50th African Development Fund meeting in 2024
Oct 07, 2023 at 01:48 AM
The bustling city of Nairobi, Kenya, has been chosen as the distinguished host for the African Development Bank's (AfDB) 59th Annual Meeting and the 50th gathering of the African D...
25 African countries facing debt distress as servicing costs soar - AfDB President
Jul 06, 2023 at 09:46 AM
The African Development Bank (AfDB) has issued a cautionary statement, revealing that 25 countries in Africa are currently facing a high risk of either high-debt distress or in-deb...
African Hidden Champions share vision at inaugural regional event in Nairobi
May 24, 2023 at 08:56 PM
The African Hidden Champions (AHC) conducted its inaugural regional ceremony of 2023 in Nairobi, Kenya on Wednesday....
