AfDB states benefits of special agro-industrial processing zones in Nigeria
The African Development Bank (AfDB) has listed the gains of the establishment of the Special Agro-Industrial Processing Zones (SAPZs) in Nigeria, saying that they will lead the country to prosperity.
AfDB approves $70m loan for road project in Ebonyi
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.
AfDB invests in partnerships for Africa's transformation
The African Development Bank (AfDB), has held a Business Opportunity Seminar (BOS), focused on strengthening and fostering the engagement of the business sector and of other stakeholders, to effectively support investment in infrastructure and human development projects.
‘Nigeria needs cost effective tariff for steady power supply’
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, yesterday said Nigeria should evolve a more efficient and effective tariff structure...
Ministers to hand over reports before April 24
President Muhammadu Buhari has asked for comprehensive “status reports on policies, programmes and projects” from cabinet members...
InfraCredit gets $15m investment package from AfDB
African Development Bank (AfDB) has approved a $15 million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The package comprises a subordinated loan of $10 million and a risk sharing facility of up to $5 million. This intervention will promote local currency infrastructure…
‘Demand for housing in Africa is rapidly outstripping supply’
Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply...
AfDB urges U.S. to invest more in Africa
African Development Bank (AfDB) president, Akinwunmi Adesina, has urged the United States of America to increase its investment in Africa.
AfDB, financial institutions, others move to close Africa’s infrastructure gap
The African Development Bank (AfDB), 34 leading financial institutions and other Africa Investment Forum (AIF) partners yesterday reaffirmed their commitment to synergise in delivering transformative projects across the continent. The meeting was also attended by AIF’s lead partners: African Export-Import Bank, Africa50, Trade Development Bank, Development Bank of South Africa, Africa Finance Corporation (AFC), European…
Nigerian, Charlotte Ashamu named Smithsonian director
The Smithsonian’s National Museum of African Art has named Charlotte Ashamu its associate director of advancement and external affairs.