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…
By Ibiyemi Mathew The African Development Bank (AfDB) has warned Nigeria and other economies of Africa that weakened demand for financial services could increase the risks to financial stability as African central banks raise interest rates. Recall that the Central Bank…
African Develop ment Bank (AfDB) , yesterday, lamented the devastating effects of climate change in several poor African countries, saying the continent would require $2.7 trillion in interventions by 2030 to adapt. The development bank, which took a swipe at…
The African Development Bank (AfDB) Group reiterates that the African continent was one of the world’s most vulnerable to climate risks. In a statement on its website on Tuesday, the bank said Africa was the least among continents that polluted…
THE African Development Bank recently hosted a workshop for stakeholders in Kenya’s energy sector to discuss the new Public-Private Partnership Act 2021 and how it can advance the country’s power industry. The March 23 to 24, event was organized together…
African Development Bank (AfDB) and ILX Management B.V. (ILX) have signed an agreement to scale up investments in the Bank Group’s regional member countries. The bank, in a statement, said the partnership would also spur institutional investor capital mobilisation for…
African Development Bank (AfDB), said it would leverage on the private sector to address the various financial gaps on the continent. 1st Vice President for the Economic Governance and Knowledge Management Complex of the bank, Prof. Kelvin Urama ,said this…
The government of Tanzania, the African Development Bank, and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera…
