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AFDB

AfDB to grant Ghana’s cocoa regulator $600m loan

The President, African Development Bank (AfDB), Akinwumi Adesina, says the bank is close to approving a $600 million loan package for Ghana’s cocoa regulator, Cocobod....

AFDB

One billion people hungry worldwide- AfDB

The African Development Bank (AfDB) has called on global partners to join hands to lift one billion people worldwide out of hunger. It said it was leading the way by...

AFDB

AfDB boosts SMEs with $15m investment in Nigeria, others

The African Development Bank (AfDB) on Friday said it has approved $15 million for equity investment in Verod Capital Growth Fund III, a private equity fund for...

AfDB

AfDB to bridge Nigeria’s $3tr infrastructure gap

The African Development Bank (AfDB), on Tuesday, said it would assist the Federal Government to bridge infrastructure gap in Nigeria estimated to cost about $3 trillion...

AfDB to support Osun in completing airport

AfDB to support Osun in completing airport

The Country Director, African Development Bank (AfDB), Ebrima Faal has offered the bank’s support to Osun State Governor, Rauf Aregbesola for the completion of...

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TCN gets AfDB transmission upgrade aid

The African Development Bank (AfDB), has announced its investment in the Transmission Company of Nigeria (TCN), in a bid to modernise its transmission network, to...

AfDB

AfDB commends Nigeria’s buy local product initiative

The African Development Bank (AfDB) on Thursday commended Nigeria’s initiative on “Buy Made-in-Nigeria” products and South Africa’s efforts on “Buy Africa”...

AfDB

AfDB to develop Nigeria’s industrial policies

  The African Development Bank (AfDB) has said it will develop industrial policies that will boost industrial development in five African countries. AfDB Manager,...

AFDB

Africa needs $170bn for infrastructure development- AfDB

The Secretary-General of African Development Bank (AfDB), Prof. Vincent Nmehielle, on Thursday said Africa needs about $170 billion annually to meet its infrastructure...

EIB, AfDB invest in Development Bank of Nigeria

EIB, AfDB invest in Development Bank of Nigeria

Europe’s largest development bank, the European Investment Bank (EIB), has finalised a $20 million equity investment in the Development Bank of Nigeria (DBN) set up to...

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Adesina: AfDB annual disbursement hits $7.67bn in 2017

The President of African Development Bank (AfDB), Dr Akinwumi Adesina, has disclosed that the bank achieved its highest annual disbursement ever of $7.67 billion on...

AFDB

AfDB seeks to develop domestic capital markets in Africa

The Board of African Development Bank (AfDB) says it has approved a $10 million loan for African Local Currency Bond Fund (ALCBF) to boost its portfolio in Africa. The...