African Development Bank Group ( AfDB ) will continue to respond to the demands of African Governments and its private sector customers, the bank’s Head of ICT Operations, Mr. Nicholas Williams, said in Lagos on Thursday. Williams told the News Agency of Nigeria (NAN) on the sidelines of a Two-Day Indo-African ICT Expo in Lagos, that […]
Read More
President of African Development Bank (AfDB), says the bank and World Bank have set aside $800 million for the provision of agriculture technologies to farmers in Africa. Dr. Akinwumi Adesina made this known at the ongoing 2017 African Green Revolution Forum (AGRF) on Wednesday in Abidjan. According to him, the financial support will come under […]
Read More
Investors which include FBN Capital, African Development Bank and the European Investment Bank are targeting investment funds estimated at $100 million for the funding for tech stat ups in the African continent. The fund will make investments of between $500,000 and $10 million per company. London and Nairobi-based venture firm TLcom Capital had raised $40 […]
Read More The African Development Bank (AfDB) has called on financial credit providers to increase lending to Micro, Small and Medium Enterprises (MSMEs) in Africa to 135 billion U.S. dollars. A statement issued by Mr Emeka Anuforo, the Communications Officer of the Bank, in Abuja on Wednesday said that increasing affordable loans would promote the growth of […]
Read MorePresident of the African Development Bank (AfDB), Dr Akinwumi Adesina, has been named the 2017 World Food Prize Laureate at a ceremony at the U.S. Department of Agriculture. President of the Foundation, Kenneth Quinn, who presented the award, said Adesina won the prize “for driving change in African agriculture for over 25 years and improving […]
Read More
Former President Olusegun Obasanjo is partnering with the African Development Bank (AfDB), the Olusegun Obasanjo Presidential Library (OOPL) and International Institute of Tropical Agriculture (IITA) to launch a new agricultural production initiative known as the Nigeria Zero Hunger Forum (NZHF). The forum targets boosting food production and ending hunger in the country by 2030. A […]
Read More The African Development Bank (AfDB), has concluded plans to deploy $1.1 billion with approval of its board to address drought-related crisis and ensure that drought does not lead to famine. In a statement recently, the AfDB President, Akinwumi Adesina, raised concern about up 20 million people facing food insecurity and malnutrition across drought-affected areas. He […]
Read More African Development Bank (AfDB) in collaboration with International Institute of Tropical Agriculture (IITA), Technical Centre for Agricultural and Rural Cooperation (CTA), Africa Agribusiness Incubation Network (AAIN), and Africa 2.0, recently hosted youth from all over Africa for the first-ever African Youth Agripreneurs (AYA) Forum in Ibadan. Africa 2.0 is a Pan-African Civil Society Organisation made […]
Read More
The Organisation for Economic Co-operation and Development (OECD) and the African Development Bank (AfDB) expect economic growth in Africa to pick up this year and next. Presenting their latest forecasts at the sidelines of a G20 Africa summit in Berlin, both organisations forecast gross domestic product (GDP) to expand by 3.4 percent this year after […]
Read More The African Development Bank (AfDB) has committed $1 million for the rebuilding of the Government Girls Secondary School (GGSS), Chibok, Borno, as part of efforts to rehabilitate the community ravaged by the Boko Haram insurgency. Alhaji Tijjani Tumsa, the Vice-Chairman, Presidential Committee on the North-East Initiative (PCNI), disclosed this on Thursday while speaking with newsmen […]
Read More
Nigeria is conversation with the World Bank and African Development Bank for $3bn loans before it determines how much it will raise from Eurobonds to help fund this year’s budget. “From the World Bank, we are hoping to get $2bn,” the Minister of State for Budget and National Planning, Zainab Ahmed, said in an interview on […]
Read More The African Development Bank will launch an $850m agriculture programme to transform the sector and reduce food imports in Africa. The Director of Agriculture in the bank, Dr Chiji Ojukwu, said, on the sideline of the International Conference on Wheat in Abuja on Tuesday, that the project, to be called Technology for African Agricultural Transformation, […]
Read More
