Ex-UN-habitat chief, Oyelaran-Oyeyinka moves to AfDB
The immediate past Director, Regional Office for Africa of the United Nations Human Settlements Programme (UN–Habitat), Prof. Oyebanji Oyelaran-Oyeyinka, has moved to the African Development Bank as the Chief of Staff and Director of Cabinet of the President and Special Advisor on industrialization.
AfDB sees technology, finance as last mile enablers for region
The African Development Bank (AfDB) has said that new technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting goods...
IITA, AfDB to help Taraba transform cassava with technologies
The International Institute of Tropical Agriculture (IITA) has said it plans to work with the Taraba State government to transform cassava in the framework of the African Development Bank (AfDB) funded Technologies for African Agriculture Transformation (TAAT) programme. The decision is part of a two-day visit to Taraba State, which ended today and witnessed the…
AfDB provides $1m for TAAT projects
The African Development Bank (AfDB), through its Technology for African Agricultural Transformation (TAAT) initiative, has provided $1m as seed money for projects in 10 African countries.
AfDB signs into $1b private sector-led facility
Nigeria may be in for a fresh financing of its infrastructure projects, courtesy of the African Development Bank (AfDB), as the lender signed into a $1 billion Multi-Lateral Development Bank and private sector investors' facility, tagged Room2Run.
AfDB, NEXIM, BoI support Lagos SMEs’ gathering
The African Development Bank (AfDB), Nigerian Export-Import Bank (NEXIM) and Bank of Industry (BoI) are identifying with a convention of small and medium-size enterprises (SMEs) holding in Lagos. Convened by the African Sustainable SME Export Trade Solutions, the programme has collaborators in Institute Of Packaging Nigeria; Connect Nigeria; Pact Universal; Atlantic Exhibition; BellAfricana, and 3T…
AfDB seeks technology transfer to farmers for processing
The President of the African Development Bank Group, Akinwumi Adesina, has sought that farmers across the continent be given access to new technologies with the potential to transform agricultural production and intensify processing.
AfDB to increase fish production, others by 5m tonnes in Africa
The African Development Bank through its Technologies for African Agricultural Transformation (TAAT) programme is targeting to increase aquaculture production in Africa by five million tonnes by 2025.
Afreximbank, AfDB offer $.5m to 20 factoring firms
Emerging factoring companies in the continent would have increased financing opportunities with a new $500,000 grant scheme pioneered by Africa’s two major multilateral lenders. The African Export-Import Bank (Afreximbank) would now tap into the African Private Sector Assistance (FAPA) programme of the African Development Bank (AfDB) to provide the grant. The scheme, which would advance…
Africa50 fund gathers momentum as new catalyst for continent’s growth
It must be music to the ears of anyone interested in the rapid growth and industrialisation of Africa’s economies.In just three years since its take-off with a mandate to mobilise public and private sector finance to build Africa’s all-important infrastructure, the Africa50 fund has gathered momentum, with a growing portfolio of projects and capital base.
AfDB projects $3tr for Nigeria’s infrastructure financing by 2044
In the next 22 years, Nigeria’s Infrastructure financing needs will grow to $3trillion, the African Development Bank (AfDB) has projected. Consequent upon this projection, Nigeria would no longer rely on its yearly budgets to fund infrastructure development, hence the need for partnership with investors through a public private partnership (PPP) to attract private funds to…