AFRICAN Development Bank, AfDB, says Africa50 has invested over 6.6 billion dollars in critical infrastructure in its six years of being in operation. The AfDB’s President, Dr Akinwumi Adesina, said this in a statement released at the Africa50 Infra Forum…
The board of directors of the African Development Bank Group has approved $115m loan to support a major road rehabilitation project in Abia State. The project would ensure the rehabilitation of roads, erosion control, infrastructure and preparation of solid waste…
Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. This is contained in a statement issued by the Nigeria Country Department of the…
The African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) Group are collaborating to expand the number of linked African exchanges from seven to 15. The Bank in a statement said the expansion was under the second phase…
The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy. Adesina, made the pledge during a meeting with Nigeria’s President, Bola Tinubu at the New Global Finance Pact Summit in Paris. The…
The United States Agency for International Development (USAID) has committed $3 million to the African Water Facility (AWF). This is contained in a statement issued on the African Development Bank’s (AfDB) website. According to the statement, the funding will support…
The African Development Bank Group (www.AfDB.org) has appointed Jacques Edjangue Vice President for People and Talent Management, effective 16th June 2023. Immediately before his appointment, Edjangue served as acting Vice President for the People and Talent Management complex. Before that,…
The African Development Bank, (AfDB) has set up the SEFA-funded COP26 Rapid Response Facility to provide short-term, demand-driven advisory support to Nigeria, Egypt, Kenya, Morocco, and South Africa. This facility aims to offer solutions for grid integration of variable renewable…
African Development Bank (AfDB) President, Akinwumi Adesina, and the Deputy Executive Secretary and Chief Economist of the Economic Com mission for Africa (ECA), Hanan Morsy, have lamented the high costs of debts incurred by African governments adding that it was…
The African Development Bank (AfDB) has expressed deep concerns that Nigeria’s unending power sector crisis would keep the manufacturing sector under developed without chances to compete in the context of the African Continental Free Trade Area (AfCFTA). President of the…
