AfDB

AfDB: Nigeria, Other African Countries Losing Up to 15% of GDP Growth to Climate Change

Africa has been hit hard by the fallout from climate change, which has aggravated droughts, flooding and cyclones.

2 years ago

AfDB Plans Youth Entrepreneurship Banks in Nigeria, 12 Other African Countries

  The African Development Bank (AfDB) has embarked on the designing of youth entrepreneurship investment banks in 13 African countries,…

2 years ago

AfDB to Lend $500m to Women in 2022, Says Adesina

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, Sunday said the bank would lend $500 million to…

2 years ago

Nigeria: AfDB President Adesina and Senate President Lawan In; Jonathan and Emefiele Out, as 25 APC Presidential Aspirants Submit Forms

Twenty five presidential aspirants on the platform of the All Progressives Congress (APC) beat the deadline for the submission of…

2 years ago

Buhari Urges World Bank and AfDB to Activate $19bn Fund for Climate Investment

President Muhammadu Buhari has charged the World Bank and African Development Bank (AfDB) to activate the $19 billion pledge, meant…

2 years ago

AfDB Mobilises $540m for Nigeria to Develop Special Agro-Industrial Processing Zones

The African Development Bank (AfDB) will support Nigeria to develop Special Agro-Industrial Processing Zones, as part of the quest for…

3 years ago

Africa’s GDP Declined by $165bn in 2020, Lowest in 20 Years, Says AfDB Chief Adesina

President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, has painted a gloomy picture of Africa, saying dwindling economic…

3 years ago

AfDB Approves $170 million for Investment In Nigeria’s Digital And Creative Start-ups

The Board of Directors of the African Development Bank has approved a loan of $170 million to finance digital and…

3 years ago

AfDB Offers Nigeria $210m Loan for Special Agro-Industrial Processing Zone

The African Development Bank’s (AfDB) board has offered Nigeria a $210 million facility to co-finance Phase 1 of the Nigeria…

3 years ago

AfDB: Nigeria, Egypt, S/Africa Account for 80% Of Africa’s Investment Market in 10 Years

 Nigeria, Egypt and South Africa dominate 80 percent of Africa's portfolio investment market in the last decade and also account…

3 years ago

World Bank, AfDB, Global Forum Unleash New EOI Manual To Support Taxation Worldwide

The World Bank Group, the African Development Bank (AfDB) and The Global Forum a leading multilateral body mandated on Transparency…

3 years ago

AfDB Approves $137mLoan To Support Botswana’s Economic Recovery

African Development Bank (AfDB) has approved  $137million loan to support Botswana in mitigating the effects of covid-19 pandemic and also…

3 years ago

AfDB Partners Ghana to launch $7.4m Institutional Support Project

The African Development Bank Group and the Ministry of Finance in Ghana have launched a $7.4 million Institutional Support Project…

3 years ago

AfDB to Fund Nigerian Tech MSMEs with $500m

The African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million…

3 years ago

AfDB President Adesina Says Nigeria Must Manage Diversity to Attain Greatness

President of the African Development Bank, Dr Akinwumi Adesina has said that Nigeria will only attain greatness if it manages…

3 years ago

Africa no Longer on Back Foot in Covid-19 Fight: AfDB

The African Development Bank (AfDB) says countries in the African continent are no longer on the back foot in the…

3 years ago

Nigeria Activates $587m AfDB Facility for Technology, Creative Sectors

The Buhari administration has commenced the process that will pump the technology, entertainment and creative sectors with over N240 billion…

4 years ago

Africa Expected to Recover From Worst Recession, to Axhieve 3.4% Growth in 2021, AfDB Says

Africa is expected to recover from its worst recession in half a century and reach 3.4 percent growth in 2021,…

4 years ago

AfDB, IFAD to Give $700m Support to Nigeria’s SAPZ Project

The Special Agro-Industrial Processing Zones (SAPZ) project in Nigeria will receive support funding of $500 million from the African Development…

4 years ago