African Development Bank
Nigeria’s debt stock may hit N30tr with new loans
If Nigeria succeeds in borrowing the proposed $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development bank to help counteract the impact...
Job creation as panacea to Africa’s socio-economic transformation
Stakeholders have said the deliberate undermining of a region through unfair trade practices, restrictions, debt blackmail, and the imposition of ‘impossible’ trade conditions
Size of food and agriculture will rise to $1tr by 2030 — Adesina
President of the African Development Bank (AfDB), Akinwumi Adesina has disclosed that the size of food and agriculture in Africa will rise to $1tr by 2030.
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 boss tasks Buhari on $1.8tr pension, sovereign wealth assets
President of the African Development Bank (AfDB), Akinwunmi Adesina, yesterday urged African leaders to invest the over $1.8 trillion pension and sovereign wealth
AfDB seals $250 million deal for region’s trade financing
African Development Bank (AfDB), in its push to facilitate inter and intra Africa trade, and reduction of trade financing gap on the continent, sealed a new deal worth $250-million.
African Development Bank approves capital increase to $208 billion
The African Development Bank’s board approved a 125% capital increase to $208 billion on Thursday, the largest in the lender’s history, AfDB President Akinwumi Adesina said. The decision caps two years of negotiations to give the Abidjan-based bank greater scope to meet the continent’s funding needs. The last increase was agreed in 2010.
Nigeria contributes $26b of developing countries’ $7.8tr external debt
The World Bank Group, yesterday, estimated the external debt profile of developing countries at $7.8 trillion, but Nigeria has 0.33 per cent of the value.
Preparing Nigeria for Africa’s $75b eCommerce revolution
Africa is on the rise. From entertainment to agriculture, Africa is boldly expressing its identity and productivity in a brave new world.