Equatorial Guinea will host the African Development Bank’s next annual meetings coming up in June 2019. The hosting of the meeting is a fallout of the signing of a memorandum of understanding between the two parties. The Annual Meetings will take place from 11th to 14th June, 2019 in the country’s capital city, Malabo. “The […]
Read More The African Development Bank (AfDB) has kicked off a feasibility study to explore the potential of electricity cooperative business models in Nigeria and Ethiopia. The effort is part of the Bank’s goal of achieving universal electricity access across Africa by 2025, having realised that power shortages diminishes the region’s Gross Domestic Product (GDP) growth between […]
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The Africa Continental Free Trade Area is projected to make Africa the largest free trade zone in the world SEOUL, Republic of Korea, February 10, 2019/ — “We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not invest in the future, it kills the future,” […]
Read More The Federal Government and African Development Bank, AfDB, yesterday, launched a comprehensive $258 million multi-sectoral intervention fund for North East rehabilitation programme. The programme, tagged “Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme,” is aimed at bolstering rehabilitation efforts in the region. The event, which was launched by Vice President Yemi Osinbajo at AfDB premises, […]
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The Vice President, Professor Yemi Osinbajo, yesterday, disclosed that the Federal Government is in talks with the African Development Bank, AfDB,osinbajo to create $500 million innovation fund for technology and creative sector. Meanwhile, the outgoing President of African Securities Exchanges Association, ASEA, Mr. Oscar Onyema, said that strategic relationships of African exchanges have resulted in […]
Read More African Development Bank, AfDB, has expressed concern that many African owned firms are forced to drop out of the market due to unfair competition from Chinese companies. Senior Director, AfDB Nigeria, Mr. Ebrima Faal, said this during the weekend at the African Economic Merit Awards (EAMA) World Plaque and Award Nominees unveiling ceremony in Abuja. […]
Read More The African Development Bank, AfDB, and the African Trade Insurance Agency, ATI, have announced the successful completion of a $500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more […]
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The Afe Babalola University, Ado-Ekiti, has conferred a Doctor of Letters, Honoris Causa on the President of the African Development Bank, Akinwumi Adesina in recognition of his immense contributions to socio-economic development on the continent. John Olachy Momoh, Chairman of Channels Media Group, Nigeria’s multi award-winning television station also received an Honoris Causa at the […]
Read More The President of the African Development Bank, Dr Akinwumi Adesina, is currently on a tour to seek global support for the bank’s programme to raise $3.3 billion for African women and youths in enterprise. The AfDB which disclosed in a statement made available to our correspondent in Abuja on Sunday said this was in furtherance […]
Read More The Federal Government, in collaboration with the African Development Bank, on Tuesday in Abuja inaugurated a task force to tackle the menace of youth unemployment. The committee, to be chaired by the Minister of Labour and Employment, Dr Chris Ngige, was inaugurated by the Minister of State for Labour and Employment, Prof Stephen Ocheni. According […]
Read More The African Development Bank (AfDB) said it would assist the Nigerian government to bridge its infrastructure gap estimated to cost about 3 trillion dollars in the next 26 years. The Senior Director, AfDB Nigeria, Mr Ebrima Faal, said this at the Africa Investment Forum (AIF) Road show on Tuesday in Abuja. Faal said the AIF […]
Read More The Board of the African Development Bank has approved equity investment of $15 million in the Africa Food Security Fund, which supports Small and Medium Enterprises involved in agri-business in order to enhance food security across the continent. The AFSF is a second-generation fund targeting a total capitalisation of $100 million. The fund will invest […]
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