The African Development Bank (AfDB) Group has announced an 18-month debarment of Rockey Africa Limited and its affiliates for fraudulent practices. According to a statement from the AfDB on Wednesday, the affiliates include Aerospace Aviation, Eva-Top Agencies, Sony Commercial Agencies,…
The African Development Bank (AfDB) is collaborating with African countries to develop and structure innovative financing instruments to address insecurity and challenges to economic growth investment and development in the continent. President of AfDB, Dr Akinwumi Adesina, said this at…
The African Development Bank (AfDB) has said that Nigeria, Egypt, Kenya and South Africa account for about a third of the incubators and accelerators and 80per cent of investments in Africa. This is according to the new report titled, ‘Entrepreneurship…
Interventions by the African Legal Support Facility (ALSF) have saved African countries an estimated four billion dollars in the last three years. This is according to a statement from the African Development Bank (AfDB) on Friday. A virtual high-level conference…
By Uthman Salami The African Deve lopment Bank (AfDB) through its Sustainable Energy Fund for Africa (SEFA) unit has announced the approval of a $1 million grant for the modernisation of Africa’s hydropower fleet. According to the Bank, the modernisation of hydropower…
By Kayode Tokede The African Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA) has approved a $1million grant for the modernization of Africa’s aging hydropower fleet. According to an AfDB statement, modernizing hydropower stations provides a chance to boost…
The Board of Directors of the African Development Bank (AfDB), has approved a 50-million-dollar Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the AfDB and the Standard Chartered Bank. A statement issued by the bank on Tuesday, said the…
The Board of Directors of the African Development Bank (AfDB), has approved a 50-million-dollar Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the AfDB and the Standard Chartered Bank. A statement issued by the bank on Tuesday, said the…
The narratives of resuscitating the Nigerian economy have remained on the echoes of reverberating chorus which would not leave the mouth of many compatriots. Even to the simple, reviving the economy is, no doubt, nothing but an alarming cry that…
By Kayode Tokede The African Development Bank (AfDB) and its development partners have earmarked $520 million for the Phase One of the Special Agro-industrial Processing Zones Programme. The Director General of the African Development Bank’s Nigeria Country Department, Lamin Barrow…
