African Development Bank to invest $250m on water, sanitation in FCT
The African Development Bank (AfDB), says it plans to invest 250 million dollars in the Federal Capital Territory (FCT), to improve water supply and sanitation in satellite towns.
AfDB’s energy fund gets $95m equity, debt deals
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) sponsored by the African Development Bank (AfDB) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies.
AfDB to support Ogun government to lift millions out of poverty
As part of efforts to make food sufficient in Africa, the African Development Bank has declared its support for the Ogun state government’s agropreneurs programme. State Governor, Dapo Abiodun also reaffirmed the commitment of his administration to lift citizens out of poverty, noting that his administration will continue to look at ways to ensure that…
South West security outfit takes off Jan 9, says Fayemi
Ekiti State Governor Kayode Fayemi has disclosed that the joint security outfit, ‘Amotekun’, initiated by the six governors in the South West would commence operations on January 9, 2020.
ECOWAS records 3.3 % growth in 2019 as investments hit $20 billion
Despite security challenges experienced by the Economic Community of West African States (ECOWAS), growth within the region hit 3.3 per cent while investments from development agencies like the African Development Bank (AfDB) rose to $20 billion.
ECOWAS okays Adesina’s re-election bid as AfDB president
The Economic Community of West African States (ECOWAS) has endorsed Dr. Akinwumi Adesina for a second term in office as president of the African Development Bank (AfDB).
FG restates commitment to women empowerment
The Minister of Women Affairs, Mrs Pauline Tallen, has said the Federal Government is committed to increasing opportunities and financial support for women towards enhancing Nigeria’s socio-economic development.
FG, AfDB sign pact on $3 billion funding for women entrepreneurs
The Federal Government, through the Bank of Industry (BoI) and the African Development Bank (AfDB) have mutually agreed to mobilise $3billion to support women empowered businesses.
AfDB approves $210m for Nigeria Transmission Expansion Project
The Board of Directors of the African Development Bank (AfDB) Group has approved 210 million dollars financing package for the Nigeria Transmission Expansion Project (NTEP1). The bank in a statement issued on Friday said that the package sought to rehabilitate and upgrade the nation’s power lines and improve distribution and supply. According to AfDB, the…