The African Development Bank (AfDB) Group has approved a fresh $500 million loan for Nigeria to support the second phase of the Economic Governance and Energy Transition Support Programme (EGET-SP). The facility is designed to accelerate reforms in the power sector, strengthen fiscal governance, and advance the country’s clean energy transition. The EGET-SP aligns with […]
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has expressed concern over the rising cases of stunted children caused by malnutrition in Africa. Adesina expressed the concern at the African leaders for nutrition high-level dinner for heads of state in Addisa Ababa, Ethipia. The AfDB president’s position was contained in a statement made […]
Dr Akinwunmi Adesina, President, African Development Bank (AfDB) on Saturday said Africa had the potential of becoming the biggest economic hub with the right policies and investments. Adesina made the assertion at the Inspiration Conference 2020 of the Redeemer’s Men Fellowship (Lagos Regions) in Lagos.The News Agency of Nigeria reports that the conference had as […]
President Muhammadu Buhari on Tuesday met behind closed doors with Dr Akinwunmi Adeshina, the President of the African Development Bank (AfDB) at the President Villa, Abuja. News Agency of Nigeria (NAN) reports that the AfDB boss, who arrived the Presidential Villa at about 11.20a.m, was escorted to the president’s office by presidential aides. Adesina had […]
Abuja – The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and External Relations Department on Sunday. It said that the bank’s President Mr Akinwumi Adesina disclosed this at the […]
…Trade within AfCFTA worth $3.3trn – Adesina Philip Clement – Abuja The African Development Bank (AfDB) says it is currently investing $25 billion to help make agriculture and agribusiness Africa’s biggest industry. The AfDB, also, disclosed that the size of trade within the African Continental Free Trade Area (AfCFTA) is worth 3.3 trillion dollars. The […]
Michael Ajayi Not less than a total sum of $961 million or N349.8 billion was raised from the World Bank and African Development Bank (AfDB) in 2018 alone for power transmission investment. The Managing Director of Transmission Company of Nigeria (TCN), Usman Gur Mohammed, reportedly disclosed this recently in Abeokuta, while maintaining that the funds […]
Motolani Oseni The Development Bank of Nigeria (DBN) Monday disclosed that it has given out N70 billion as loans to over 50,000 Micro, Small and Medium Enterprises (MSMEs) within two years. The Chairman of the bank, Dr. Shehu Yahaya said this at the maiden series of the bank with the theme: Surviving To Thriving: “MSMEs […]
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 […]
The African Development Bank (AfDB) says the approved $155 million loan for Economic and Power Sector Reform Programme (EPSERP) is for improving power systems. Mrs. Fatimah Alkali, the Senior Communications Officer, AfDB Nigeria Country Office, said this in a statement in Abuja. She said that following the report in the media, AfDB reacted that on […]