Category: AfDB
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Blow as AfDB exits Nairobi waste power plant project on delays
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The African Development Bank (AfDB) has exited a multi-billion shilling renewable energy project in Nairobi’s Kibera slum due to repeated delays in the procurement of services to kick-start the project. The continental lender had in January 2018 awarded Asticom Kenya Limited a grant of $995,000 (Sh128.8 million at current exchange…
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Why AfDB should remain true to its name
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Development institutions are increasingly turning away from the ills associated with poverty such as hunger, infectious diseases and illiteracy – challenges that continue to face most people around the world. The unholy alliance between environmental activists and climate politicians has pushed them to divert more resources to climate policies, which…