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…
By Kayode Tokede The African Development Bank (AfDB), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, has provided more than 7.3 million dollars for youth empowerment. According to a statement from the bank on Tuesday, the fund provides project…
By Kayode Tokede The African Development Bank (AfDB) Group, on Tuesday announced the 18-month debarment of Sargittarius Nigeria Ltd. and its affiliates, including Sargittarius Henan Water Conservancy Engineering Ltd. According to the bank, Sargittarius Nigeria Ltd. is a limited liability company registered…
The African Development Bank (AfDB) has reached a close on financing agreements for a $20-million-dollar concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the COVID-19 Off-Grid Recovery Platform (CRP). In a statement from the AfDB on Sunday,…
The African Development Bank has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP). The 5-year, $50 million blended finance initiative is…
The African Development Bank (AfDB) has reached a close on financing agreements for a $20-million-dollar concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the COVID-19 Off-Grid Recovery Platform (CRP). In a statement from the AfDB on Sunday,…
The Rural Electrification Agency (REA) has announced the provision of $550m in funding by the World Bank (WB) and the African Development Bank (AfDB) to support the implementation of its off-grid solution projects. Mr Ahmed Abubakar, Communication Expert, REA, who…
