AFDB
2 days ago
President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has said that the bank has made financing plans of $1 billion for the second phase of its Special Agro-Industrial Processing Zones (SAPZ) programme, which would cover the remaining 28 states in Nigeria.
4 days ago
The African Development Bank (AfDB) has signed a 700,000 dollars Donor Contribution Agreement with Prosper Africa, a U.S. Presidential initiative, to develop a Credit Rating Online Data Platform for African markets. Beth Dunford, AfDB Vice-President for Agricultural, Human, and Social Development, in a statement on Saturday, said the United States Department of the Treasury was…
13 Jan
Africa Investment Forum (AIF) 2024 has secured $7.6 billion in investment interest for Nigeria. This was disclosed by the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, in a tweet following the conclusion of the event.
13 Jan
‘Those who go a-borrowing, go a-sorrowing’ is a traditional cliché that has diminished in contemporary relevance. Today, not borrowing for infrastructure investment or development guarantees fiscal sorrow in an increasing world of imperative economic interdependence.
12 Jan
Nigeria has garnered $7.6 billion in investment commitments during the Africa Investment Forum 2024, held from December 4 to 6 in Rabat, Morocco. Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), made the announcement on Saturday via his X (formerly Twitter) account. Expressing optimism, Adesina highlighted the involvement of several Nigerian state governors…
9 Jan
Lagos transport system received a boost on Thursday from the African Development Bank (AfDB) with a promise to work with the Lagos Metropolitan Area Transport Authority (LAMATA) to develop another rail line. The bank is also interested in partnering with LAMATA to expand the capacity of the existing rail system. AfDB Vice President, Private Sector…
3 Jan
Plateau State Governor, Caleb Mutfwang, has said 2025 will be a year of ground-breaking achievements, including massive road construction projects, and revitalisation of the tourism and agricultural sectors
22 Dec
To address the growing army of unemployed youths in Nigeria, the Senior Special Adviser to the President of the African Development Bank (AfDB) on industrialisation, Professor Banji Oyeleran-Oyeyinka, has made critical suggestions on what Nigeria needs to do to transform unemployed youths into job creators. According to the National Bureau of Statistics (NBS), youth unemployment…
21 Dec
To further strengthen the internal capacity of its staff, the African Development Bank (AfDB) has entered into a partnership with Project Management Institute (PMI), the world's leading authority in project management.
19 Dec
Nigeria is planning to deploy renewable energy with a $1.7 billion worth of support from the World Bank, African Development Bank and a new $250 million facility from the International Finance Corporation (IFC).
18 Dec
Dr Damola Omole is the Director of Utility Innovation at the Global Energy Alliance for People & Planet (GEAPP).
17 Dec
The African Development Bank Group (AfDB) says it will construct a new state-of-the-art headquarters building in Abidjan, Côte d’Ivoire. AfDB said this in a statement on Tuesday that the decision was approved by the bank’s Boards of Directors. The bank emphasized the importance of maintaining a strong presence in the country and providing a modern…