The outgoing country Director of the African Development Bank (AfDB), Dr Ousmane Dore has said Nigeria’s leadership role in Africa is unquestionable. He commended the country’s exemplary leadership role in Africa through the Directorate of Technical Cooperation in Africa (DTCA), a window for assisting poor and fragile African countries. He who spoke during a brief […]
Read More Uganda will expand a major road linking its capital Kampala with Rwanda after signing a deal on Thursday for a $151 million loan from the African Development Bank (AfDB). The 40-year loan will partly finance a new 23 km, 4-lane toll road to help de-congest traffic on an existing road, the finance ministry and AfDB […]
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The new Development Effectiveness Review on Agriculture business, showed that the African Development Bank (AfDB) has deployed $5.5 billion in investments in the agriculture sector over five years to 2015, According to the review, the bank trained three million people on better farming practices, put 20,000 food marketing and storage into use, constructed four thousand […]
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The African Development Bank, AfDB, is to invest $24 billion in agriculture and agribusiness on the continent in the next 10 years. This came on a day the Minister of Agriculture, Chief Audu Ogbeh, assured that there would be no famine in the country next year. AfDB President and Nigeria’s immediate past Minister of Agriculture, […]
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The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a USD 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises […]
Read More Prof. Danbala Danju, the Managing Director, Bank of Agriculture( BOA) says the African Development Bank (AfDB) has provided a $ 1.2million grant for the repositioning of the bank. Danju told newsmen in Sokoto on Sunday, that the repositioning would enable the bank operate according to global standards. “Repositioning the bank established over 43 years ago […]
Read More The African Development Bank’s Board of Directors today approved the $600m loan for Nigeria, several months after the Federal Government had approached the lender for a budget-support facility. The loan; which is meant to help Nigeria plug its budget deficit as the nation grapples with its first recession in more than 20 years. The $600m loan […]
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The Federal Government has appealed to the African Development Bank to rapidly approve the $1bn loan facility it promised as support for the implementation of Nigeria’s 2016 budget. According to the government, the loan is expected to cover the 35 per cent shortfall in the budget. The Minister of Budget and National Planning, Senator Udo Udoma, […]
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