Business

How 37 African countries industrialised in 11 years-Report

Ihesiulo Grace 29 November 2022 0

By Godwin Anyebe Thirty-seven of 52 African countries have become more industrialised over the past eleven years, according to a new report from the African Development Bank, the African Union and the United Nations Industrial Development Organization (UNIDO). This was disclosed on its Website

Africa Banking Business News News In Brief

AfDB probe: Independent panel dismisses corruption charges against Akinwumi Adesina

Ihesiulo Grace 28 July 2020 0

An independent panel of experts, headed by former Irish President Mary Robinson, has cleared the embattled leader of the African Bank of Development, Akinwumi Adesina, of corruption allegations, according to Agence France-Presse (AFP. Adesina, 60, a magnetic speaker known for his exquisite suits and neckties, turned into the primary Nigerian to rudder the AfDB in […]

Agriculture Agro Times

AfDB vice-president, Blanke, resigns

Ihesiulo Grace 10 June 2020 0

The Vice President for Agriculture, Human and Social Development at the African Development Bank, Dr Jennifer Blanke, has resigned her position. The bank disclosed this on Wednesday in a statement, saying Blanke’s resignation would take effect July 4, 2020. Union to collaborate with DPR to fish out illegal gas outlets in llorin She was quoted […]

Health

AfDB approves $288.5m for Nigeria COVID-19 Response Support Programme

Ihesiulo Grace 6 June 2020 0

The Board of Directors of the African Development Bank has approved 288.5 million dollars loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The bank’s Communications and External Relations Department made this known in a statement on Saturday. The control system of President Buhari’s govt has collapsed – […]

Featured Headlines

Nigeria’ll stand by you, Buhari tells AfDB President, Adesina

Ihesiulo Grace 3 June 2020 0

…Says Nigeria will work with stakeholders to ensure ex-Minister gets 2nd term President Muhammadu Buhari says Nigeria will stand solidly behind Dr. Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank (AfDB). The President made his position known at State House, Abuja, on Tuesday, when he hosted Adesina, who […]

News

TUC condemns independent probe of AfDB president, Adesina

Ihesiulo Grace 29 May 2020 0

The Trade Union Congress of Nigeria (TUC) has condemned the recent call for an independent investigation into the allegations against the African Development Bank President, Dr. Akinwumi Adesina. The move according to the TUC President, Comrade Quadri Olaleye, is an attempt to question the integrity and entire governance system of an institution that has served […]

News

AfDB bars Chinese coy for 18 months over bribery

Ihesiulo Grace 16 May 2020 0

The African Development Bank (AfDB) has imposed an 18 -month restriction on China Zhonhao Limited from handling its projects following the discovery that two employees of the construction firm offered a N100 million bribe to one of its officers. Besides the bribery scandal, the AfDB further accused the company of fraudulently misrepresenting its year of […]

News

Agro-processing Zones: FG’s collaboration with AFDB will industrialize cities, reduce rural-urban migration-Nanono

Ihesiulo Grace 17 February 2020 0

The Federal government has stated that its collaboration with the African development Bank will enhance the industrialization of secondary cities, reduce importation of foods and rural-urban migration. While opening a two-day Special Agro-processing zones Inception workshop in Abuja on Monday, the Minister of Agriculture and Rural Development, Sabo Nanono, also stressed

Business Featured Headlines

African Development Bank to invest $250m on water, sanitation in FCT

Ihesiulo Grace 20 January 2020 0

The African Development Bank (AfDB) says it plans to invest $250 million in the Federal Capital Territory (FCT) to improve water supply and sanitation in satellite towns. AfDB Senior Director, Ebrima Faal, made the disclosure, when he led a delegation to visit the FCT Minister of State, Dr. Ramatu Aliyu in Abuja. Special Assistant on […]

News

African Development Bank signs five-year agreement to use FIDIC’s standard contracts

Ihesiulo Grace 13 January 2020 0

ABIDJAN, Ivory Coast – The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted the Bank a non-exclusive licence […]

Featured Headlines News

$30bn loan: Power, transport, Works ministries to takes lion share

Ihesiulo Grace 9 December 2019 0

The ministries of Power, Works and Housing and Water Resources will take the largest share if eventually Nigeria secures the $30bn loan it intends to get from different multilateral organisations. According to a statement by Ajuri Ngelale, President Muhammadu Buhari’s special assistant on Public Affairs, shows that the planned projects spreads across different

Business Nigeria

Nigeria wants AfDB’s West Africa’s regional office in Abuja

Ihesiulo Grace 19 January 2018 0

The Federal Government on Thursday, demanded for the hosting of the West Africa Regional Office of the African Development Bank in the Federal Capital Territory, Abuja. The Honourable Minister of Finance and Governor-Member of the African Development Bank, Mrs. Kemi Adeosun, made this known at the commissioning of the Bank’s permanent office building in Abuja […]

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 […]

Agriculture News

Adesina calls for immediate action over deepening crisis of global malnutrition

Ihesiulo Grace 20 October 2017 0

African Development Bank President Akinwumi Adesina has called for urgent action from stakeholders over the deepening crisis of global malnutrition. Adesina made the call as he joined key nutrition actors, private-sector representatives, policy-makers and thought leaders at the 2017 World Food Prize-Borlaug Dialogue Symposium in Des Moines, Iowa, on Wednesday, October 18,

News

Africa holds the key for feeding 9 billion people by 2050- Adesina

Ihesiulo Grace 17 October 2017 0

Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050, the President of the African Development Bank and 2017 World Food Prize Laureate, Dr. Akinwumi Adesina, said during his Norman Borlaug Lecture delivered on World Food Day. The Laureate also called for land tax for unused agricultural land […]

Business

Africa’s food security is dependent on making agric attractive to youths- AfDB

Ihesiulo Grace 17 October 2017 0

On the occasion of the 2017 World Food Day, the African Development Bank has highlighted how Africa’s food security depends on attracting young people to agriculture and agribusiness. The sector can potentially create wealth and employment for African youth, thereby stemming migration. World Food Day, celebrated yearly on October 16, promotes worldwide awareness and action

Business

Foundation Announces Partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information.

Ihesiulo Grace 31 October 2016 0

At the largest annual gathering of African entrepreneurs, held in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum.   The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants. It is the annual highlight of the Tony

News

Atiku In South Africa For Adesina’s AfDB Presidential Ambition

Ihesiulo Grace 3 May 2015 0

  Former Vice-President, Atiku Abubakar, at the weekend travelled with the Minister of Agriculture, Akinwumi Adesina to support him as president of the African Development Bank (AfDB). In a statement issued by the Atiku Media Office in Abuja, the support for Nigerian candidate follows a mandate from the President-elect, Muhammadu Buhari that the former vice […]

Banking Health

$300 Million from African Development Bank to Support Post-Ebola Recovery Programs

Ihesiulo Grace 19 April 2015 0

African Development Bank President Donald Kaberuka announced $300 million to support the national Post-Ebola Recovery program of Ebola-affected countries during the World Bank-IMF Spring Meetings in Washington. AfDB’s funding will provide support to Governments of Ebola-affected countries by investing in health, education, water and sanitation, agriculture and

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 […]