Business News

AfDB appoints Ebrima Faal Director, Nigeria Country Office

Ihesiulo Grace 28 November 2016 0

The African Development Bank has appointed Ebrima Faal as the Director for the Nigeria Country Office with effect from 1 December 2016. The Nigeria Country Office is the largest single office of the African Development Bank, which oversees a portfolio of over US $5 billion and deals with 36

Tech

AfDB approves $10m equity investment in TIDE Africa Fund

Ihesiulo Grace 21 November 2016 0

The African Development Bank (AfDB) has approved a US $10-million equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa. TIDE Africa Fund I, a venture with a target size of US $100 million is incorporated in Mauritius, has 10-year target life within a 5-year […]

Money

AfDB VPs Announce Agenda for 2015

Ihesiulo Grace 15 May 2015 0

The Vice-President and Secretary General of the African Development Bank, Cecilia Akintomide, and the AfDB’s Acting Vice-President and Chief Economist, Steve Kayizzi-Mugerwa have announced the agenda for bank’s 50th Annual Meeting.   The duo made the agenda known at a press conference held at the Bank’s headquarters in Abidjan, Côte d’Ivoire where

Banking Economy

FG to Obtain $2bn Loan from World Bank, AfDB

Ihesiulo Grace 27 March 2015 0

The federal government has announced plans to secure a $2 billion loan from the World Bank and the African Development Bank (AfDB) in a bid to aid the implementation of its policies and programmes for the year. The federal government made its plans known during an interactive session with journalists in Abuja organised by the […]