African Development Bank (AfDB)

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 their call for Dr Akinwunmi Adesina as Nigeria’s President come 2023. Adesina, former…

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 he was accused of impropriety by the Bank Ethics…

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 by APF which was published by Channels TV on Thursday, the President of the…

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 and External Relations Department made this known…

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 is contained in a speech delivered by AfDB President, Dr Akinwumi Adesina at…

 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. In a speech delivered by the publisher of the magazine, Ken Giami and…

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 ten years. SEE ALSO: Two people reportedly killed as farmers, herders…

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 achievement. Brou gave the assessment during the 56th Ordinary…

 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 and Investment, Mr Richard Adebayo, has said. …

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.

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 for the African Division of the World Bank, made this known to Bloomberg reporters.…

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 initiative. A statement by AfDB’s s Communication and External Relations…

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 on Industrialisation to AfDB’s President,…

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 Development Bank (AfDB) to help transform the state.…

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 Finance Action for Women in Africa (AFAWA)…

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) said this in a statement issued its Communication and External…

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 the bank says. Ms Nafissatou Diouf, Communication and External Relations…

As parts of its objective of creating 25 million jobs in Africa, the African Development Bank (AfDB) has launched digital skills programme - ‘Coding for Employment,' in Nigeria. Speaking through a statement on Monday, the bank noted that…

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, the Chief Communications Officer of AfDB said this in a statement in Abuja on…

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 2018 alone, the pan-African bank approved innovative financial…

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 Leone and the Gambia. The fund will be managed by Verod…

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 the African Development Bank (www.AfDB.org), and co-Laureate Waris Dirie,…

“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 the future,” Akinwumi Adesina, President of the African…