President, African Development Bank (AfDB), Dr Akinwumi Adesina, disclosed that cost of bread is now beyond the reach of many households in Africa due to food price increases caused by the Russia-Ukraine conflict. The President of the Bank’s Group said this…
Agency Report The President, African Development Bank, Dr Akinwumi Adesina, said the bank has secured $15.6billionn investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his Twitter handle @akin_adesina obtained by the Nigerian NewsDirect. He said that…
The President of the African Development Bank Group, Akinwumi Adesina, has said that Africa faces an infrastructure gap of between $68bn to $108bn annually. According to him, the bank had committed over $44bn to infrastructure across the continent in the…
African Development Bank’s (AfDB) Africa Digital Financial Inclusion (ADFI) facility will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Africa. The bank on its website, on Wednesday, said that Women Entrepreneurs…
The African Development Bank (AfDB) says the bank will help African countries reduce the sharp increase in fertiliser prices by providing support to the government and farmers. Dr Martin Fregene, the Director, Agriculture and Agro-Industry of the bank, said this…
The African Development Bank (AfDB) has hosted consultations with African governments to promote its blueprint to equip Africa’s workforce with in-demand skills. The Bank disclosed in a statement by its Communication and External Relations Department on Tuesday in Abuja, that…
The African Development Bank (AfDB), has signed an agreement worth 3.56 million dollars grant with the Economic Community of West African States (ECOWAS). Mr Lamin Barrow, the Director-General, Nigeria Country Department of AfDB signed on behalf of the bank, while…
The African Development Bank (AfDB) and other co-financing partners’ portfolio in Nigeria increased by 2.031 billion dollars between 2019 and 2021. The Director-General, Nigeria Country Department, Mr Lamin Barrow, disclosed this in Abuja at the opening of the 2022 Country…
Bankole Taiwo, Abeokuta Ogun State government Tuesday had a meeting towards signing a Memorandum of Understanding with the African Development Bank (AFDB) on the establishment of the Special Agro-Industrial Processing Zone Programme. The SAPZ will be located at the Gateway…
Vice President Yemi Osinbajo has expressed optimism that the African Development Bank (AfDB)’s 600 million dollars support fund for digital and creative enterprise in Nigeria will be ready by early 2022. Osinbajo said this at an interactive session with graudands…
