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…
THE Executive Governor of Osun State, Senator Ademola Adeleke, has directed immediate establishment of a support desk for Osun tech innovators and entrepreneurs to access the recently launched $618 tech fund by the African Development Bank, AFDB. In response to…
The African Development Bank (AfDB), has signed a 362,000 Euros grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund. The bank in a statement said the grant would prepare additional studies under the second-phase of developing a strategic plan for…
The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group (www.AfDB.org) has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program. The…
The Global Centre on Adaptation (GCA), in collaboration with the African Development Bank (AfDB) and the Wangari Mathai Institute, have reiterated the importance of improving food security in Africa. Prof. Patrick Verkooijen, the Chief Executive Officer (CEO) of GCA, in…
