By Matthew Denis The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has praised the African Development Bank (AfDB) for its instrumental role in advancing Nigeria’s economic recovery. This commendation follows a high-level meeting with…
By Seun Ibiyemi The African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has announced plans for an ambitious $500 million financing facility designed to unlock $10 billion in funding for smallholder farmers and agribusiness enterprises across Africa. Speaking at…
The African Development Bank (AfDB) has invested over $8 billion in water infrastructure projects across 40 African nations since the year 2000, directly benefiting more than 92 million people. This was revealed by Mr Johannes Chirwa, Director of the Water…
The African Development Bank (AfDB) and International Institute of Tropical Agriculture (IITA) on Wednesday signed the 27 million dollars agreement to finance the Technologies for African Agricultural Transformation (TAAT) Phase II programme. Dr Abdul Kamara, the Director-General, Nigeria AfDB Group,…
The African Development Bank (AfDB) is set to offer a $230 million trade finance package to Access Bank Plc, designed to enhance trade finance activities and provide foreign exchange (FX) liquidity to small and medium-sized enterprises (SMEs) in Nigeria. The…
The African Development Bank Group has taken a major step in combating financial crime and corruption in Africa by signing a Letter of Intent with the International Criminal Police Organisation. The historic agreement, the first of its kind between a…
By Seun Ibiyemi The Federal Government has secured a $1.1 billion credit facility from African Development Bank (AfDB) to provide electricity for five million people in Nigeria by 2026. President Bola Tinubu disclosed this at the just concluded two-day Mission…
The African Development Bank (AfDB) has reiterated its commitment to invest $2 billion in the development of the Lake Chad Basin. Dr. Akinwumi Adesina, AfDB President, disclosed this on Wednesday at the 5th Lake Chad Governors’ Forum in Maiduguri. Adesina,…
The African Development Bank Group (AfDB) has approved an initiative aimed at tackling the challenge of hazardous chemicals in 11 Least Developed Countries (LDCs) in Africa. In a statement issued on Saturday, the AfDB highlighted that the initiative would address…
The African Development Bank Group (AfDB) and the International Organisation for Migration (IOM) are exploring closer collaboration to address migration and development challenges across Africa. The Bank Group’s Senior Vice-President, Marie-Laure Akin-Olugbade, in a statement, said this when the IOM…
