Corruption does not invest in the future, it kills the future”, says Akinwumi Adesina, at World Peace Summit of Global leaders

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,” […]

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FG, AfDB launch $258 million North-East rehab programme

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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Nigeria's Vice President Yemi Osinbajo speaks during the Nigeria/Ecowas Trade and Investment for Development forum in Abuja

FG, AfDB to create $500m innovation fund for tech, creative sector

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 […]

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China forcing African firms out of business, AfDB laments

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. […]

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AfDB, ATI partner on $500 million credit insurance deal

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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AfDB Boss, Akinwumi Adesina bags Honorary Doctorate degree

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 […]

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AfDB seeks $3.3 billion suport for women, youth entrepreneurs

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 […]

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FG, AfDB set up task force to tackle youth unemployment

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 […]

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Nigeria, AfDB partner to bridge $3 trillion infrastructure gap

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 […]

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AfDB approves $15 million investment in food security

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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AfDB, Facebook, others launch programme to create nine million job

The African Development Bank and a number of partners on Wednesday launched a programme aimed at preparing nine million Africans, including Nigerians, for high paying employment. A statement made available to correspondent in Abuja on Wednesday said the programme, known as Coding for Employment, was launched at the African Innovation Summit in Kigali, Rwanda. It […]

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Nigeria’s industrial production has fallen by 41 pct – AfDB

Nigeria’s industrial value dropped by 41 per cent between 2012 and this year, the African Development Bank has said. The President, AfDB, Dr. Akinwumi Adesina, said this in a keynote address delivered at the opening ceremony of the 2018 Annual Meeting of the lender at the Busan Exhibition and Convention Centre, South Korea, on Wednesday. […]

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