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…
African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by 2030. It stated on Friday that the shortfall would occur if current trends in climate finance flow into Africa continued.…
By David Awoyemi The African Development Bank (AfDB) has appointed Marie-Laure Akin-Olugbade, a Cameroonian national as the newly Vice President responsible for its Regional Development, Integration, and Business Delivery Complex. The new Vice President, Akin-Olugbade is a seasoned Senior Executive…
The African Development Bank (AfDB), have signed a 525,000 dollar agreement to support Africa Fintech Network’s (AFN)’s Hub project. Mr Lamin Barrow, the Director-General, AfDB, Nigeria Country Department, during the signing in Abuja on Tuesday, said the project would boost…
