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

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; […]

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 states of the Federation and the […]

Technology

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 […]