AfDB approves US$ 25 million to Zambia National Building Society
Nov13

AfDB approves US$ 25 million to Zambia National Building Society

The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 25 million in Kwacha equivalent to Zambia National Building Society (ZNBS). The Senior Loan will support ZNBS in building institutional capacity and financing affordable housing in Zambia, thereby improving access to long-term affordable housing finance to Zambia’s lower-middle and middle-income earners currently with limited opportunities to...

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AfDB Approves US$ 3 million Line of Credit to Union Trust Bank Sierra Leone
Oct30

AfDB Approves US$ 3 million Line of Credit to Union Trust Bank Sierra Leone

The Board of Directors of the African Development Bank (AfDB) has approved a line of credit (LOC) of US$ 3 million (synthetic local currency equivalent) to Union Trust Bank Sierra Leone (UTB) to help finance projects and enterprises in transformational sectors such as agriculture, energy, manufacturing and services, with strong emphasis on women-owned businesses. UTB is the only indigenous private bank in Sierra Leone and an important...

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