The African Development Bank (AfDB) has disclosed that it will launch phase one of the $538 million Special Agro-Industrial Processing Zone (SAPZ) programme in Kaduna on...
The Economic Community of West African States (ECOWAS) Commission and the African Development Bank (AfDB) have signed a $11.18 million agreement to enhance rice production across...
The President of the African Development Bank (AfDB), Akinwunmi Adesina, has distanced himself from reports on the 2027 presidential race. Reports in some sections of the...
The African Development Bank (AfDB) said on Sunday Nigeria is set to receive a $2.2 billion for the development of its Special Agro-Industrial Process Zones (SAPZ)...
As part of its support for young people in Nigeria and to boost their capacities, the African Development Bank (AfDB) will establish a Youth Entrepreneurship Investment...
The Africa Development Bank (AfDB) has canvassed the adoption of technology, supported by the right policy environment and investment to transform agricultural productivity in a bid...
The African Development Bank Group (AfDB) has approved a fresh $500 million loan to boost electricity access in Nigeria. In a statement issued on Thursday, the...
President of the African Development Bank Group, Akinwumi Adesina, has added his voice in defence of Alhaji Aliko Dangote, the CEO of the Dangote Group, following...
The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital...
The mounting debt profile of Nigeria and other African countries has forced the African Development Bank (AfDB) to launch the African Debt Managers Initiative Network (ADMIN)...
The African Development Bank (AfDB) has invested $1.44 billion to support the development of energy and power, transport, water, and other infrastructural projects in Nigeria. The...
The African Development Bank (AfDB) has resolved to support Nigeria’s power sector with a $1 billion Policy-Based Operation (PBO) fund to boost electricity. The bank is...
The Federal Government is set to receive a $2.2 billion loan from the World Bank at a low interest rate of about 1%. This is even...
Former Nigerian Minister of Agriculture and President of the African Development Bank (AfDB), Dr Akinwumi Adesina, believes the future of Nigerian youths does not lie in...
The African Development Bank (AfDB) has disclosed that it would create a Youths Entrepreneurship Investment Bank in a bid to address the Japa Syndrome where vibrant...
The African Development Bank (AfDB) has warned that rising prices of fuel and other commodities could lead to social unrest in Nigeria. The bank also warned...
All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million to the first phase of states in Nigeria for the...
In a significant move to bolster the nation’s digital and creative landscape, the Nigerian government and the African Development Bank (AfDB) are partnering to launch a...
Nigeria, South Africa and other African countries have been projected to be losing as much as $90 billion to illicit financial flows annually. This is according...
The African Development Bank (AfDB) and FSDH have signed a new $20 million Trade Finance Facility to support Small and Medium Enterprises (SMEs) in Nigeria. Mr...
The African Development Bank (AfDB) has lowered its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 to 3.4% and 3.8%, from 4.0% and...
Dr. Akinwumi Adesina, president of the African Development Bank (AfDB), has questioned Nigeria’s fuel subsidy system and the high cost of governance. Adesina claimed that the...
The African Development Bank (AfDB) has signed a $50 million Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance...
The President of the African Development Bank (AfDB) Akinwumi Adesina, said the international community needs to come to the aid of Nigeria as regards the country’s...
The President of African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday the multilateral lender would soon establish investment banks for young entrepreneurs on the continent....
The African Development Bank (AfDB) on Wednesday predicted slow economic growth for the continent in 2022. The National Bureau of Statistics (NBS) on Monday announced a...
The President of the African Development Bank (AfDB) Akinwunmi Adesina, has defended the lender against criticism contained in a report by The Economist over debt and...
President of the African Development Bank (AfDB) Akinwunmi Adesina has rejected calls by individuals and groups in Nigeria for him to join the contest to because...
The African Development Bank (AfDB) Group warned on Monday that a fertiliser crisis sparked by Russia’s war in Ukraine might jeopardize more than $10 billion in...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Syarpa, Etap, Algebra Ventures, Union54,AfDB, BFA Global, SadaPay, Soter Analytics. These are some of the names that made the headlines this week. A Nigeria-based fintech startup,...
This line up of stories will help you discover the latest happenings around the tech world today. 1. AfDB approves €9.8m equity support fund for African...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The President of the African Development Bank, Akinwunmi Adesina, has argued that Nigeria must provide leadership in the affairs of Africa, for the continent to achieve...
Vice President Yemi Osinbajo has revealed that the African Development Bank’s (AfDB’s) $600 million dollars support fund will boost the digital and creative industry. Osinbajo said...
The African Development Bank (AfDB) has approved a $210 million loan to co-finance the first phase of the Nigeria Special Agro-Industrial Processing Zone (SAPZ) programme, saying...
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum (AIF) slated to begin on December 1 in Abidjan over the new COVID-19 variant,...
The president of the African Development Bank (AfDB), Akinwumi Adesina, has said Nigeria has a debt service problem amid the Federal Government’s struggle with revenue growth...
Nigeria has fallen behind Egypt in Foreign Direct Investment, according to the African Development Bank, which released a new report that four African countries accounted for...
The African Development Bank Group (AfDB) has announced the debarment of a Nigerian company, Sargittarius Nigeria Limited, and its affiliates, including Sargittarius Henan Water Conservancy Engineering...
Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument...
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, warned on Saturday that the economies of countries in Africa would continue to remain unstable...
The African Development Bank’s Board of Directors has approved a new water policy to ensure water security in the continent. In a statement posted on its...
The African Development Bank (AfDB), on Wednesday, announced the debarment of a Nigerian company, Maxicare Company Limited for engaging in collusive and fraudulent practices. According to...
President Muhammadu Buhari on Tuesday approved the appointment of Dr. Oyebode Oyetunde as Nigeria’s Executive Director at the African Development Bank (AfDB). Oyetunde replaced Dr. Bright...
The President, African Development Bank (AfDB) Dr Akinwumi Adesina, has lamented the escalating debt being incurred by African countries, including Nigeria, saying it has become worrying....
The African Development Bank (AfDB) has approved two research grants worth $1.3 million to boost African women’s access to loans and micro-insurance. The grants, $1 million...
The African Development Bank Group (AfDB) on Friday signed a $400,000 agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation in the...
Nigeria, along with other 14 countries in the Economic Community of West African States (ECOWAS) are to benefit from the $320,000 funding from the African Development...
African Development Bank (AfDB) has given the nod for the sum of $25 billion to be invested in agriculture in Nigeria and four other countries on...
