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…