A Coalition of 28 support groups, led by Mr Ademola Babatunde of the Youth Arise Movement (YAM), says the challenging situation of the country informed... Read More
African Development Bank (AfDB)
President Muhammadu Buhari is meeting with embattled President, African Development Bank (AfDB), Dr. Akinwumi Adesina in the Presidential villa. Adesina has been under scrutiny after... Read More
The African Development Bank has created a $10 billion emergency fund to support countries in Africa in the battle against coronavirus pandemic. In a report... Read More
The African Development Bank (AfDB) Group has announced 10 billion dollars COVID-19 Response Facility to assist regional member countries to fight the pandemic. The bank’s Communication... Read More
Africa’s Business, Consumer Expenditures to Rise to $5.6trn in 5 Years–Adesina
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The African Development Bank (AfDB) says the size of business and consumer expenditures in Africa will rise to 5.6 trillion dollars in five years. This... Read More
Dr Akinwumi Adesina, the President of African Development Bank (AfDB) has won 2019 African of the Year Award by African Leadership Magazine in South Africa.... Read More
AfDB’s Annual Private Sector Investment Lending Increases to $2bn in 10 years–Official
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The African Development Bank (AfDB) Group says its annual private sector investment lending has increased from about 300 million dollars to two billion dollars in... Read More
The President of the ECOWAS Commission, Jean-Claude Brou, says the region’s economy is steadily growing, reaching 3.3 per cent in 2019, which shows a positive... Read More
The Federal Government (FG) has initiated moves to secure a $500 million African Development Bank (AfDB) fund for technology innovation, the Minister for Industry, Trade... Read More
The African Development Bank (AfDB) and Microsoft have inaugurated the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent.... Read More
Nigeria who obtained a $2.4bn loan from World Bank in 2018, is seeking another $2.5bn loan from the World Apex bank. Hafez Ghanem, the Vice-President... Read More
Japan, AfDB announce $3.5bn support for Africa’s private sector development
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Japan and the African Development Bank (AfDB) have announced a joint target of 3.5 billion dollars under the Enhanced Private Sector Assistance (EPSA4) for Africa... Read More
AfDB identifies 14 sites for Agro-Industrial Processing Zones in Nigeria
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The African Development Bank (AfDB), says it has identified 14 sites for the proposed Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. Prof. Banji Oyelaran-Oyeyinka, Special Adviser... Read More
Ekiti Government in Nigeria has identified infrastructure, agricultural-processing zones, air cargo facilities and a knowledge hub as critical areas that need support from the African... Read More
The African Development Bank (AfDB), says Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved 61.8 million dollars funding allocation for its Affirmative... Read More
Africa has potential to become net exporter of agricultural commodities — AfDB
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Africa has the potential to become a net exporter of agricultural commodities, replacing imports worth more than 110 billion dollars. The African Development Bank (AfDB)... Read More
AfDB to receive $1.1bn commitment in temporary callable capital from Canada
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The African Development Bank (AfDB) is to receive $1.1 billion from Canada as commitment in temporary callable capital to support the bank, an official of... Read More
African Development Bank partners Facebook, others to train Nigerian youths on digital skills
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As parts of its objective of creating 25 million jobs in Africa, the African Development Bank (AfDB) has launched digital skills programme – ‘Coding for... Read More
The African Development Bank (AfDB), says it has concluded plans to hold its Annual Meetings for this year in Malabo, Equatorial Guinea. Mr Chawki Chahed,... Read More
The African Development Bank (AfDB) has revealed that it has supported 370 transformative bank projects valued at $11.3bn between 2010 and 2017 across the continent. In... Read More
African Development Bank approves $15m investment fund for SMEs in Nigeria, others
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African Development Bank (AfDB) has earmarked a $15 million equity funds for Small and Medium-scale Enterprises in Anglophone West Africa including Nigeria, Ghana, Liberia, Sierra... Read More
“We are in a race with time to unlock Africa’s full potential” – Akinwumi Adesina, 2019 Sunhak Peace Prize Laureate
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2019 Sunhak Peace Prize Laureate Akinwumi Adesina has pledged to do more to advance Africa’s fight against hunger, poverty and youth underemployment. The President of... Read More
Corruption does not invest in the future, it kills the future” – Akinwumi Adesina
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“We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not invest in the future, it kills... Read More
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