African Development Bank

African Development Bank

The President of African Development Bank, AfDB, Akinwumi Adesina, has revealed that Africa loses about 148 billion U.S. dollars annually due to corruption. Adesina, who spoke in an ...

AfDB Mulls $3billion Facility to Improve Food Nutrition
The African Development Bank, AfDB, is making major plans toward improved food nutrition and security with a $300million facility that will leverage about $3billion from banks and microfinance institutions ...

Africa Needs N100billion for infrastructural Development
President of African Development Bank, AfDB, Akinwunmi Adesina, has said Africa needs about N100 billion yearly to tackle its infrastructural hitches. Speaking in Lima, Peru, at a $90 million financing arrangement for ...

The Bank of Industry, BoI, has secured a $100 million line of credit from the African Development Bank, AfDB, in order to aid its development financing objectives, especially to Small ...

African Development Bank, AfDB and Japanese government have signed the sixth private sector assistance loan under joint initiative entitled, Enhanced Private Sector Assistance, EPSA, for Africa. The loan, ...

Adesina Promises Agricultural Growth In Africa
Eighth President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that during his adminsitration,  agriculture will remain a key priority of the AfDB. While speaking ...

AFDB Vice President Reveals Africa’s Greatest Threat To Development
Dr. Steve Mugerwa, the acting Chief Economist and Vice President, African Development Bank (AFDB), has said that corruption is Africa’s major enemy of growth and development in Africa; ...

“Nigeria Loses $83.3billion To Illicit Cash Outflow” –  AfDB Report
The African Development Bank, AfDB, on Tuesday, July 7, said Nigeria has lost about $83.3 billion to illicit cash outflow. The AfDB Country Director, Ousmane Dore who spoke at the Centre ...

AfDB Projects Massive Investments in Africa’s Cocoa Industry
African Development Bank,AfDB and the International Cocoa Organization, ICCO, have stated that Africa’s cocoa industry is packed with huge investment opportunities and employment opportunities. The two groups, which met ...

AfDB to Dole out N3 Billion for Infrastructural Development in Kano
The African Development Bank, AfDB, on Monday, June 29, revealed that it would spend N3.3 billion on the provision of rural infrastructure in Kano State. The Country Director of the ...

Lack of Electricity Is Costing Nigeria, Africa Over $30 Billion
African countries including Nigeria incur a cost as much as $30 to $40 billion due to lack of electricity. This was revealed by the African Development Bank (AfDB) ...

Akinwunmi Adesina Is The President Of AfDB
Nigeria’s Minister of Agriculture and Rural Development, Akinwunmi Adesina, has been elected the president of the African Development Bank (AfDB). Adesina who has become the eight president of ...

African Development Bank’s Report Fixes Nigeria’s Public Debt At $67.7 Billion
The African Development Bank, AfDB,  on Thursday, May 21, kicked off its 50th Annual Meetings in Cote d’Ivoire, with the release of its African Economic Outlook 2015. The ...

AfDB Approves €4.73 Million For Africa To Tackle Climate Change
The African Development Bank, AfDB, has approved fresh funds to stem the tide of African countries’ inability of to access the climate finances for climate smart developments. Launched ...

Africa’s Access To Power Will Increase By 2018, AfDB Forecasts
African Development Bank, AfDB has projected that Africa’s access to electricity would improve in 2018, as the energy sector receives more funds. Already, the bank has committed about ...

ADB Presidency: Buhari Throws Weight Behind Adesina’s Candidacy
Nigeria’s incoming government has thrown its weight behind the candidacy of Nigeria’s Minister of Agriculture, Akinwunmi Adesina, as the next president of the African Development Bank (ADB), after ...

Nigeria Targets Producing One Million Tonnes Of Cocoa By 2020
Minister of Agriculture, Akinwumi Adesina, has said that cocoa production in Nigeria could top 1 million tonnes by 2020. Adesina who had earlier said that Nigeria was aiming ...

AFDB Partners Bloomberg To Deepen Local Currency Bond
The African Development Bank (AfDB), in collaboration with Bloomberg through the African Financial Markets Initiative (AFMI), has launched its African bond index. According to the AFDb, AFMI is ...
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AfDB Predicts 6% Economic Growth For Nigeria In 2015
The African Development Bank (AfDB) has predicted that Nigerian economy would grow by six per cent. In spite of the economic shake-up from the sliding price of global ...
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