Tag: AfDB
AfDB increases capital to record $208billion
The African Development Bank’s board approved a 125% capital increase to $208 billion from $93 billion on Thursday, the largest…
Tanzania gets $450m AfDB loan for airport, roads in Dodoma
The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a…
Malawi: AfDB approves $13.2m for sustainable fisheries, others
The African Development Bank Group, AfDB, has approved a $13.2 million financing package from the African Development Fund for a…
Adesina honoured with Lifetime Achievement Award
Dr Akinwunmi Adesina, President of African Development Bank (AfDB) was on Sunday honoured with the Emeka Anyaoku Lifetime Achievement Award…
AfDB launches US$2bn Global Benchmark bond
The African Development Bank, AfDB has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September…
Japan, AfDB announce $3.5bn in support of Africa’s private sector development
Japan and the African Development Bank, AfDB on Friday announced a joint target of $3.5 billion under the Enhanced Private…
Food transformation: AfDB hosts experts
The African Development Bank (AfDB), has hosted a group of experts to discuss how technology can be deployed to transform…
AfDB confident of Nigeria signing ACFTA soon
The African Development Bank (AfDB) has expressed optimism that Nigeria, the largest country on the continent will soon ratify the…
Switzerland gives 3.2m Swiss francs to AfDB to boost Africa’s E-Lab
Switzerland gives 3.2m Swiss francs to AfDB to boost Africa’s E-Lab
Global partners announce $61.8 million allocation to boost AfDB’s initiative for women entrepreneurs
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the…
UN pledges to support AfDB’s power project
The United Nations (UN) has pledged to support the African Development Bank (AfDB)’s power project known as ‘Desert to Power’…
AfDB, Elumelu Foundation, partner on youth entrepreneurship in Africa
The African Development Bank (AfDB) and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship…
AfDB, ECOWAS sign agreement on 1,000km Abidjan-Lagos highway
The African Development Bank (AfDB) and ECOWAS, have signed an agreement for a study into a 1,000 km highway that…
AfDB approves €17.96m Ring-Road project in Cameroon
The African Development Bank has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of…
AfDB gives South Sudan $43.5m to fight hunger
The African Development Bank (AfDB) on Wednesday provided a grant of 43.5 million dollars to South Sudan to help in…
AfDB invests $24 billion in African agriculture
The African Development Bank (AfDB) will be investing $24 billion in the African agriculture over the next 10 years to…
AFDB to tackle armyworm with technologies
The African Development Bank (AfDB) says it will deploy an integrated approach and proven technologies in tackling the menace of…
AfDB approves $15m equity investment in Nigeria, others
The African Development Bank (AfDB) says it has approved 15 million dollars for equity investment in Verod Capital Growth Fund…
Nigerian Govt partners AfDB on youths employment
The Federal Government says it has entered into partnership with the African Development Bank (AfDB) to engage more stakeholders in…
Namibia secures $218m loan from AfDB
Namibian Finance Ministry says it has secured a $218 million loan from the African Development Bank to help the country…
AfDB provides $40 million for TAAT projects
The African Development Bank (AfDB) has, through its Technology for African Agricultural Transformation (TAAT) initiative, provided 40 million dollars as…
AfDB issues $1m grant to Bank of Agriculture
The African Development Bank (AfDB) has issued one million dollar grant to the Bank of Agriculture (BOA) to restructure and…
AfDB assists TCN to modernise transmission equipment
The African Development Bank (AfDB), said on Friday in Busan, South Korea, that it was assisting the Transmission Company of…
AfDB hails Nigeria’s campaign on local goods
The African Development Bank (AfDB) says it has provided 14 million people with improved access to transport, considerably above its…
Nigeria’s economy: Focus more on National Development Plan – Official to AfDB
Mr Aliyu Ahmed, Director, International Economic Relations, Federal Ministry of Finance, has urged the African Development Bank (AfDB) to focus…
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank…
AfDB to raise Africa’s industrial GDP to 130% by 2025
The President, African Development Bank (AfDB), Dr Akinwumi Adesina, said the bank planned to help raise Africa’s industrial Gross Domestic…
AfDB, Japan signs $700m development loan agreement
The President, African Development Bank (AfDB), Dr Akinwumi Adesina, said that the Japan International Cooperation Agency (JICA) has signed a…
AfDB launches pilot programme to cultivate Savannah in 8 African countries
The Savannah of Africa cover a mind-boggling 600 million hectares, of which 400 million hectares are cultivable, the President of…
AfDB inaugurates N1bn support for SMEs development through Fortis bank
The African Development Bank (AfDB) on Friday officially inaugurated a one billion naira loan through Fortis Microfinance Bank Plc to…