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Helium One’s annual loss narrows as it seeks a Rukwa partner
Helium One reported a $3.41 million comprehensive loss for the year to June and said it was seeking a partner to fund development in southern Rukwa.
Friday 13th November 2026
By inAfrika Newsroom
The African Development Bank and Agence Française de Développement have renewed their financing partnership through 2031. The two lenders signed a memorandum of understanding on 10 November at the Paris Peace Forum and announced it this week.
The joint announcement says the institutions plan to assess potential projects together earlier and coordinate their work through implementation. The agreement also covers technical advice and support for preparing projects before financing decisions.
The lenders said their cooperation had supported 17 jointly financed projects in 14 African countries since 2021. The new memorandum sets out how they intend to work together. The announcement gave no new financing total and named no newly approved project.
The African Development Bank’s statement said the institutions aim to mobilise more public and private investment by combining their financing and project preparation. Individual projects would still need to progress through the lenders’ appraisal and approval processes.
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