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…
The African Development Bank Group has approved a $1.5 million grant to assess policy gaps in the digital trade and e-commerce ecosystems in 10 countries in Africa. The funds by the Board of the Bank was sourced from the African…
The 2022 borrowing program of the African Development Bank has been approved by the Board of Directors for up to $10 billion to be raised from the capital markets. The African Development Bank is active in various international capital markets,…
The African Development Bank (AfDB) has approved the sum of $210 million in loans for Nigeria to impact the lives of millions of people in Africa’s most populous country. This was disclosed by the bank via a statement made available…
The Board of Directors of the African Development Bank (AfDB) has approved a 35 million U.S. dollar unfunded risk-sharing facility for Ecobank International affiliates, EBI SA, to support trade finance activities in Africa. In a statement issued by Mr Kwasi…
The African Development Bank (AfDB) group, has postponed indefinitely, the 2021 Africa Investment Forum (AIB) scheduled for Dec. 1 to Dec. 3, in Abidjan, Cote d’Ivoire until further notice. Dr Akinwumi Adesina, President of AfDB, in a statement issued on…
The African Development Bank (AfDB) has retained its AAA credit rating for another year running. This was stated in its 2021 Annual Development Effectiveness Review released on Tuesday. The report said the bank continued to improve its efficiency and performance,…
