African Development Bank
Experts seek adoption of AfDB’s report for economic growth
The continent’s financial experts and leaders of thought have described the African Development Bank’s (AfDB) African Economic Outlook (AEO) 2020 as a blueprint needed
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.
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
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.
Oyedepo cautions against food crisis, says everyone who knows how to eat should know how to farm
The Chancellor of Landmark University, Bishop David Oyedepo has decried Nigeria’s worsening food crisis and urged Africans to engage in intensive agricultural endeavours for survival.
AfDB, partners launch new fund to boost digital financial inclusion
The African Development Bank (AfDB), and its partners, yesterday, launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in the continent. The Fund, launched at the Bank’s Annual Meetings in Malabo, Equatorial Guinea, is supported by the Bill & Melinda Gates Foundation, the Agence Française de…
Taking agriculture to the Next Level
One of the critical sectors of the nation’s economy that the President Muhammadu Buhari-led administration has made appreciable progress is that of agriculture. And there are empirical evidences on ground to attest to this. For instance, the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) has made available N82billion in funding to 350,000…