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,…
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…
