Tag: African Development Bank (AfDB)
Mauritania’s Sidi Ould Tah elected AfDB’s President
Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of…
AfDB approves $100m for Nigerian Youth Entrepreneurship Investment Bank
According to Adesina, the AfDB marshalled out a robust financial development plan for Africa, because the global financial system has…
Excitement As Kaduna Blazes The Trail In Establishment Of SAPZ In Nigeria
Performing the groundbreaking ceremony for the construction of Phase 1 of SAPZ in Kaduna last Tuesday, Vice- President Shettima described…
AfDB withdraws staff from Ethiopia over diplomatic incident
"In this regard, as a precautionary measure, the Bank’s international staff in Ethiopia will work remotely outside the country until…
Outlook of West Africa’s economy in 2023 – AfDB report
It quoted Prof. Kevin Urama, AfDB’s Chief Economist, as saying “Multiple challenges had led to rising interest rates and were…
AfDB approves $7.88m grant for renewable energy
By Lucy Ogalue The African Development Bank(AfDB) has approved a $7.88 million grant from the Sustainable Energy Fund for Africa…
AfDB, Japan sign $350m loan agreement
According to Tanaka, Africa faces the challenge of navigating multiple compounded crises, including debt sustainability issues and the war’s impact…
Africa’s projected GDP growth in 2023 more than world average – Adesina
“In spite of the challenging external environment, Africa has demonstrated continued resilience with all but one country maintaining positive growth…
AUC, AfDB sign $9.73m agreement to develop digital market in Africa
According to him, it is important to create employment opportunities for millions of young Africans, which is essential for the…
UK to provide £200m for Africa’s climate finance
“This new mechanism from the African Development Bank will see vital funds delivered to those most affected by the impacts…
Africa loses 15% GDP to climate change
Urama reiterated the need for the global community to meet its 100-billion-dollar commitment to help the developing countries and African…
AfDB to train herdsmen, others on ranching
The initiative is a public-private partnerships aimed at developing priority value chains through developing infrastructure in rural areas and finishing…
AfDB approves policy for victims of bank-financed operations
The Board of Directors of the African Development Bank (AfDB) Group has approved a new policy framework for the Independent…
Agro-processing: Ogun nominated for AFDB’s programmes
Ogun State has been nominated as one of the beneficiary states of the First Phase Implementation of Special Agro-Industrial Processing…
Buhari names Oyebode Oyetunde as Executive Director for Nigeria at AfDB
President Muhammadu Buhari has approved the appointment of Dr. Oyebode Oyetunde as Executive Director for Nigeria at the African Development…
AfDB approves $400K grant to SEC of Nigeria
The African Development Bank Group has signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to…
AfDB, EIB partner to fast-track development in Africa
The African Development Bank, AfDB, and the European Investment Bank, EIB, have signed a joint partnership action plan highlighting their…
AfDB president bags CIBN award
President of African Development Bank (AfDB) Dr Akinwumi Adesina on Saturday tasked leaders in the banking sector on “audacious leadership”…
AfDB grants Uganda $0.5 million oil development fund
The African Development Bank (AfDB) and the Government of Uganda have signed a grant agreement, worth US$500,000, for the financing…
AfDB: Ex-ECOWAS Speaker hails Adesina’s re-election
Former Speaker of the Parliament of the Economic Community of West African States, ECOWAS Parliament, Sen. Ike Ekweremadu, has congratulated…
AfDB signs first private sector loan in Sudan
The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of…
$100m loan: National Assembly approves Kogi’s request
The Kogi State government says it has received the approval of the National Assembly to obtain a foreign loan of…
African Bank fires back, says World Bank’s report misleading
The African Development Bank (AfDB) has clarified the debts incurred by Africa.
Africa’s rising level of malnutrition is worrisome – AFDB President
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has expressed concern over the rising cases of stunted…
Lagos-Abidjan Highway will become reality – Akinwumi Adesina
The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is…
AfDB approves $124.2m loan for water sector reforms in Akure
The Board of Directors of the African Development Bank (AfDB) has approved a 124.2 million dollars loan to finance the…
Africa imports $50bn worth of food annually – AfDB
The African Development Bank (AfDB), has revealed that African countries import nearly 50 billion dollars net of food annually.
Why AfDB wants strong economic ties between Nigeria, DRC
The African Development Bank (AfDB), has called for strong economic ties between Nigeria and Democratic Republic of Congo (DRC) to…
Africa Investment Forum: Adesina appeals to investors to attend
Mr Akinwumi Adesina, the President, African Development Bank (AfDB), has appealed to investors to attend the bank’s 2019 Africa Investment…
AFAWA programme: AfDB to receive $61.8m from ‘We-Fi’
The African Development Bank (AfDB), says Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved 61.8 million dollars…