Business News

Women empowerment: Ondo First Lady seeks AfDB’s collaboration

Ihesiulo Grace 14 June 2018 0

In her deep sense of commitment to women affairs and development, Wife of Ondo State Governor has called for African Development Bank’s (AfDB), collaboration in the area of women empowerment and social development in the State. Mrs. Akeredolu made this call during a technical session with

Business Headlines

AfDB to invest $35bn to boost economic growth in Africa

Ihesiulo Grace 30 May 2018 0

The African Development Bank (AfDB) has said it will invest a whopping $35billion over a period of 10 years to boost economic growth in the African continent, adding that the development will raise Africa’s GDP to above $5.6 trillion. The AfDB noted that Africa needs to industrialise and add value to everything that it produces […]

News

GIFSEP, Others Write AFDB, Seeks Phasing Out Of Finance To Coal Fired Plants In Nigeria

Ihesiulo Grace 28 May 2018 0

Global Initiative for Food Security and Ecosystem preservation (GIFSEP), and 25 other environment based non governmental organizations across Africa have called on the African Development Bank (AFDB) to stop financing coal fired power plants projects in Nigeria. Speaking while addressing a press conference in Abuja, the group described as strange that in this era of […]

News Nigeria

AfDB, Unido sign MoU to boost industrialisation in Africa’s

Ihesiulo Grace 23 May 2018 0

African Development Bank (AfDB) and the United Nations Industrial Development Organisation (Unido) have signed a memorandum of understanding (MoU) to step up collaboration that will boost Africa’s industrialisation. The AfDB in 2016 launched its Industrialisation Strategy for Africa2016 to 2025, which was the outcome of collaborative work with Unido and the United Nations

Business

AfDB to invest $3m on agric, youth employment

Ihesiulo Grace 22 May 2018 0

The African Development Bank (AfDB) Group has established a US$ 3 million Rockefeller Trust Fund, a joint effort of the Bank and The Rocke feller Foundation to help in spurring Africa’s transformation in agriculture and youth empowerment. With this initial endowment, the Trust Fund will support the Bank’s activities particularly with regard to two of […]

Business News

AfDB trains 733 Nigerians on agro technology

Ihesiulo Grace 3 May 2018 0

The African Development Bank (AfDB) says it trained no fewer than 733 people in Nigeria on increased use of technology in agriculture in the country. The bank revealed this in its 2017 Annual Development Effectiveness Review report on Thursday in Abidjan. It said that the training was part of the Feed Africa project (2016-2025) under […]

Business

AFDB moves to industrialise Africa

Ihesiulo Grace 21 January 2018 0

The Bank would organise the Africa Investment Forum on November 7-8, 2018 in Johannesburg, South Africa, to mobilise funds for infrastructure development, to bridge an estimated funding gap of $130-$170 billion a year The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create

Opinion

African Development Bank in Nigeria’s development

Ihesiulo Grace 19 January 2018 0

By Salisu Na’inna Dambatta As President Muhammadu Buhari commissioned the modern office of the African Development Bank (AfDB) in Nigeria on Thursday, January 18, 2018, it is pertinent to refresh our memories of the relationship between Nigeria and the Bank, examine its role in our national development and explain why it is necessary for Nigeria […]

Headlines News

FG, AfDB working to reduce poverty, overcome insurgency –Osinbajo

Ihesiulo Grace 19 January 2018 0

Vice President Yemi Osinbajo has said that the Federal government and the African Development Bank (AfDB) have been synergizing to reduce poverty, create jobs and overcome fallouts of insurgency in Nigeria. Osinbajo said this on Thursday at the commissioning of the AfDB Nigeria Country Office, Abuja. According to the Vice President, while Africa has made […]

Business

Adeosun seeks AfDB’s cooperation for African resources’ mobilisation

Ihesiulo Grace 17 January 2018 0

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for a strong and well capitalized African Development Bank (AfDB) that is capable of fulfilling its commitments to member-countries. Adeosun made this call at the Regional Consultative Meeting between the AfDB President, Mr. Akinwumi Adesina and the Bank’s Governors and Ministers of Finance from West Africa […]

Business

AfDB says power sector ‘ill be prioritised in 2018

Ihesiulo Grace 17 January 2018 0

The Country Director, African Development Bank (AfDB), Mr. Ebrima Faal said that the bank would focus mostly on power sector in 2018. Faal said this during an interaction with journalists at the newly-built Nigeria Country Department Office on Tuesday, in Abuja. He said that the new office, to be commissioned on Jan. 18, was the […]

Business

Nigeria is AfDB’s largest shareholder

Ihesiulo Grace 16 January 2018 0

Ebrima Faai, the Nigeria Country Director of African Development Bank (AfDB), said the country is the bank’s largest shareholder with a portfolio of approximately six billion U.S dollars. Faal announced this in a statement issued on Monday and made available to the News Agency of Nigeria (NAN) in Abuja. Faal said that President Muhammadu Buhari […]

Business

AfDB in $253m loan donor loan agreement with France

Ihesiulo Grace 29 December 2017 0

The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $ 253 million as support for the 14th replenishment of the African Development Fund (ADF). Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African […]

News

AfDB to create 25m jobs for youths

Ihesiulo Grace 29 November 2017 0

The President, African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG), an initiative that will create 25 million jobs. PYAG, launched on the side-lines of the 6th EU-Africa Business Forum in Abidjan, would provide insights and innovative solutions for job creation for Africa’s youth as outlined in the […]

News

AfDB launches youth advisory group to create 25m Jobs on the continent

Ihesiulo Grace 28 November 2017 0

The African Development Bank Group (AfDB) has launched a Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth, as outlined in the bank’s Jobs for Youth in Africa Strategy. The advisory group, inaugurated on the sidelines of the 6th EU-Africa Business Forum in Abidjan on Monday, November […]

News

AfDB to aid Africa’s power sector with $12bn – Adesina

Ihesiulo Grace 24 November 2017 0

The President, Africa Development Bank (AfDB), Dr. Akinwumi Adesina , has said that the bank would invest $12 billion in the power sector in Africa in four years with the goal of leveraging on the aviation sector. He made this disclosure on Wednesday in Abuja, that the aviation sector was very important to the continent […]

News

AfDB to partner NEPAD Nigeria on developmental projects

Ihesiulo Grace 6 November 2017 0

The African Development Bank (AfDB) and NEPAD Nigeria have agreed to collaborate with in the delivery of developmental programmes and projects would improve the welfare of the African people in line with NEPAD vision. In a statement on Sunday by the Special Assistant Media to the NEPAD CEO, Mr Nkem Anyata-Lafia, said that the agreement […]

Agriculture News

Adesina donates world’s highest recognition for food and agriculture to agripreneurs

Ihesiulo Grace 20 October 2017 0

“I am proud as the Governor of Iowa State to proclaim Dr. Akinwumi Adesina as the 2017 World Food Prize Laureate.” With these words, the Governor of the State of Iowa, Kim Reynolds, officially named President of the African Development Bank (AfDB), Akinwumi Adesina, as the 2017 World Food Prize Laureate, on behalf of the […]

Agriculture

AfDB approves $280m to support Nigerian youths in agriculture

Ihesiulo Grace 27 April 2017 0

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has said that the $280 million approved by the bank would be used to encourage Nigerian youths to go into agro-business. Adesina, represented by Dr Chiji Ojukwu, a Director in AfDB, stated this on Tuesday in Ibadan at the African Youth Agripreneurs (AYA) Forum […]

Capital Market

AFDB, UBA sign $150 million loan agreement

Ihesiulo Grace 1 December 2016 0

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. According to a statement from the development bank, “The Fund will support development of productive sectors of the economy; […]