Tag: AfDB
AfDB 9th President Sidi Ould Tah takes oath of office in Abidjan
Tah, at exactly 12:05 GMT took the oath of office before the Bank’s governors- Ministers of Finance and Central Bank…
World Food Prize Foundation appoints Adesina to Advisory Council
Adesina is an agriculture expert and a globally recognised Development Economist who received the 2017 World Food Prize for his…
Adesina’s legacy source of pride for Africa — Okonjo-Iweala
Okonjo-Iweala commended Adesina for what she called a decade of transformative leadership that significantly elevated the Bank’s standing and contributed…
AfDB’s Adesina excited as Kaduna blazes the trail in launch of SAPZ
Adesina spoke during a courtesy call at Sir Kashim Ibrahim House on Tuesday. The AfDB President praised Gov. Uba Sani’s…
I didn’t say I will run for presidency of Nigeria – AfDB’s Adesina
Adesina, a former Minister of Agriculture in Nigeria, said this in reaction to publications in some Nigerian newspapers indicating that…
AfDB calls for more efforts to boost food production in Nigeria
Speaking at the inauguration of a soybean plant and refinery by CSS Global Integrated Farms in Gora, Nasarawa State, on…
Purple Rail Line: AfDB team visits Lagos
The visit follows a recent pitch for investment on 60-kilometre Lagos Rail Mass Transit (LRMT) Purple Line at the African…
Nigeria must fix power supply – AfDB Director
Shonibare noted that Nigeria has the potential to become a manufacturing hub for West Africa and possibly all of Africa…
Africa likely to increase debt service in 2024 – Irish President
He made these comments during the 2024 Kofi Annan Eminent Speakers Lecture in Abidjan, hosted by the African Development Bank…
AfDB names Kennedy Mbekeani as new Director General for East Africa
Before joining the Bank, Mbekeani worked for the United Nations Development Programme as a trade, debt and globalisation advisor for…
AfDB invests $10.9bn in Nigeria
Barrow said the AfDB’s President, Dr Akinwumi Adesina, upon assumption of office eight years ago, prioritised the High 5–of Power,…
Food Security: AfDB, BUK partner on climate adaption, entrepreneurship partnership
“In our immediate environment, we are working with 22 adopted communities, we also work across the dry lands of Nigeria,…
AfDB inaugurates macroeconomic model for Africa
“The study that informed the report we are inaugurating today was commissioned to understand better the existing macro-economic modelling capabilities…
AfDB, partners vote additional $1bn to fund SAPZs in Nigeria
The $I billion was is in addition to the initial $520 million voted by the development partners for the development…
AfDB approves €63m loan to Cameroon for manpower training
The project aims to get the private sector in Cameroon – in tandem with the government – involved in key…
Africa faces annual GDP shortfall of $127.2bn by 2030 – AfDB
It added that the bank would organise a pre-Annual Meeting news conference in Abidjan on April 20 to herald its…
AfDB, FCMB sign $50m Line of Credit Agreement to bolster access to finance for SMEs, Women
The African Development Bank has signed a $50 million Line of Credit Agreement with Nigeria's First City Monument Bank (FCMB)…
AfDB, Islamic Bank, others invest $618m in digital program in Nigeria
The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing 618 million…
AfDB issues €1.25bn benchmark social bond due Sept. 2029
It said the AfDB’s mandate for a new seven-year EUR-denominated Global SEC-Exempt Benchmark was announced on Sept. 6, at 13:00…
AfDB will create 25 million new jobs by 2025 – Adesina
By Ikenna Uwadileke Dr Akinwunmi Adesina, the President, African Development Bank (AfDB) says the bank is targeting to create 25…
AfDB backs Nigeria’s advocacy questioning defunding of gas project
The African Development Bank, AfDB, has backed Nigeria's advocacy questioning the planned defunding of gas projects as one of the…
AfDB, Standard Chartered Bank sign $50m agreement
According to the bank, the agreement is expected to boost intra-African trade, promote regional integration, and contribute to the reduction…
Osinbajo: Tech-based MSMEs set to receive $500m aid from AfDB
This is something that will be very helpful in addition to the N75 billion, which the government has set aside…
How Nigerians will benefit from FCMB’s $50m funding from AfDB
Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long…
AfDB invests $16b in West Africa: Adesina
The Abidjan based African Development Bank(AfDB) had so far invested $16 billion in West Africa, its president Akinwumi Adesina said…
Nigerian firm Maxicare banned by AfDB
The African Development Bank Group (www.AfDB.org), has announced the 36 month debarment of Maxicare Company (Nigeria) Limited.
AfDB wins award as world’s best multilateral financial institution
U.S. magazine Global Finance has named the African Development Bank (AfDB) the best multilateral financial institution in the world.
AfDB debars Global Interjapan of Kenya
The African Development Bank Group, today announced the 36-month debarment of Global Interjapan Kenya Limited with effect from 24 August…
AfDB earns AAA rating from S&P Global
Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a…
African Development Bank wins global award for COVID-19 bond issue
The African Development Bank was selected in a poll of bond market players as the best issuer in 2020 of…