The African Development Bank (AfDB) Board of Directors has approved a $30 million equity investment in the Africa Finance Corporation (AFC) to support the rollout of innovative “green shares” aimed at mobilising resources for climate action projects across Africa. This…
The African Development Bank Group has mobilized $2.2 billion to support the second phase of Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) initiative. This disclosure was made at the Africa Investment Forum in Morocco, where Nigerian governors, diplomats, multilateral organizations, and…
The African Development Bank (AfDB) has offered strategic recommendations for Nigeria and other African nations to address escalating debt burdens and foreign exchange challenges. These insights were shared by the Bank’s Vice-President for Economic Governance and Knowledge Management, Prof. Kevin…
The African Development Bank has outlined key strategies for Nigeria and other African nations to address rising debt burdens and foreign exchange difficulties. These insights were shared by the Bank’s Vice-President for Economic Governance and Knowledge Management, Prof. Kevin Urama,…
By Seun Ibiyemi The Federal government has said that the African Development Bank (AFDB) is set to release a whooping sum of $350million loan for the construction of Kano to Maradi railway linkage. The Chairman Senate committee on Land Transport,…
By Seun Ibiyemi The Federal government has said that the African Development Bank (AFDB) is set to release a whooping sum of $350million for the construction of Kano to Maradi railway linkage. Speaking during an oversight visit to Lagos-Ibadan rail…
Mr Akinwumi Adesina, President, African Development Bank Group (AfDB), says Nigeria is losing about 29 billion dollars annually due to a lack of reliable power supply. Adesina said that it amounted to 5.8 per cent loss in the nation’s Gross…
By Matthew Denis The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has met with a high-level delegation from the African Development Bank (AfDB) led by Dr. Abdul Kamara, Director General for Nigeria at the AfDB.…
Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to boost electricity supply under the administration of President Bola Tinubu. On December 14, 2023, the World Bank approved the $750…
The African Development Bank (AfDB), has signed a 20 million-dollar equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The AfDB in a statement, said the deal, signed on July 31, was to reinforces the Bank’s commitment to fostering…
