AfDB Archives — City Business News

October 19, 2024 No Responses

AfDB Unveils $100m Investment Bank For Nigerian Youths

The African Development Bank (AfDB) has approved a Youth Entrepreneurship Investment Bank for Nigeria. AfDB president, Akinwunmi Adesina disclosed this on Friday in Abuja while delivering a keynote address at the 90th Birthday Lecture of former Head of State Yakubu Gowon....

March 7, 2024 No Responses

Adesina Bags Awolowo Prize For Leadership

President of the African Development Bank (AfDB), Dr Akinwumi Adesina has bagged the 2023 Obafemi Awolowo Prize for Leadership. At a colourful ceremony on Wednesday in Lagos, Serving and former African Presidents took turns to commend the outstanding leadershi...

March 4, 2024 No Responses

AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize, Cassava, Soyabeans

The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, it president, Dr Akinwunmi Adesina, said on Saturday after visiting...

June 23, 2023 No Responses

AfDB Approves $23.04m For Floating Dock Facility In Ghana

The Board of Directors, African Development Bank (AfDB) has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western...

January 27, 2023 No Responses

AfDB Commits $10bn To Drive Food Security In Africa

The African Development Bank (AfDB) Group is to commit $10 billion over the next five years to make Africa food secure. The president of the bank, Dr Akinwumi Adesina made the commitment at the Dakar Africa Food Summit in Diamniadio,...

November 7, 2022 No Responses

AfDB Mobilises $31b Investment Interest

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors. In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina sai...

August 4, 2022 No Responses

FG Secures $134m Loan From AfDB To Boost Wheat Production

The Federal Government has obtained a $134m loan from the Africa Development Bank (AfDB) to boost wheat production. Minister of Agriculture and Rural Development, Dr Muhammad Mahmoud, said this in Abuja while briefing State House correspondents on the implem...

May 6, 2022 No Responses

AfDB Secures $15.6b For Lagos-Abidjan Highway Construction

The president, African Development Bank (AfDB), Dr Akinwumi Adesina says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agenc...

April 21, 2022 No Responses

AfDB To Double Africa’s Climate Finance To $25b

The African Development Bank (AfDB) will within the next five years double the climate change finance of Africa to $25 billion Dr Kevin Kariuki, AfDB Vice-President for Power, Energy, Climate and Green Growth, said this at a virtual news conference...

January 24, 2022 No Responses

Adesina Canvasses Support For Dangote’s Petrochemicals, Fertiliser Plant

President of the African Development Bank (AfDB), Akinwumi Adesina, at the weekend canvassed support for Dangote Refinery and Fertiliser projects. The AfDB boss, who was on a tour of Dangote refinery and fertiliser projects over the weekend with the board....

March 8, 2021 No Responses

SEC Nigeria, AfDB Seal $400,000 Grant Agreement

The Securities and Exchange Commisssion (SEC) has signed $400,000 grant agreement with African Development Bank (AfDB) a part of measures to strengthen securities market regulation and broaden market instruments. Speaking during the virt...

November 10, 2020 No Responses

AfDB Develops Project For Revenue Generation In Extractive Industry

The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual inception works...

September 10, 2020 No Responses

AfDB Approves $27.33m For AU’s COVID-19 Response Initiative

The African Development Bank (AfDB) has approved $27.33 million in grants to boost the African Union’s efforts to mobilise a continental response to curb the COVID-19 pandemic. According to a statement from the AfDB, the approval was m...

May 30, 2020 No Responses

Obasanjo,Kufour, Jonathan,Sirleaf, Others Rally Support For Adesina

No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr Akinwumi Adesina. In a statement signed by the ex presidents, including Nigeria’s Olusegun Obasanjo and Goodluck Jonathan, the former le...