Tag: AfDB

AfDB Approves $27.33m For AU’s COVID-19 Response Initiative
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 made by the organisation’s...
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Obasanjo,Kufour, Jonathan,Sirleaf, Others Rally Support For Adesina
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...
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AfDB: Why The US Is Targeting Akinwumi Adesina
May 30, 2020 No Responses

AfDB: Why The US Is Targeting Akinwumi Adesina

The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor, Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, i...
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AfDB Explains $20bn Investments’ Portfolio In ECOWAS Region
December 23, 2019 No Responses

AfDB Explains $20bn Investments’ Portfolio In ECOWAS Region

The African Development Bank (AfDB) portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and External Relations Department on Sunda...
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Nigeria Nominates Adesina For Re-Election As AfDB President
October 7, 2019 No Responses

Nigeria Nominates Adesina For Re-Election As AfDB President

President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB), the News Agency of Nigeria (NAN) reports. Akinwunmi, while speaking at an event in Lagos on Sunday, appreciated Buhari for nomina...
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MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU
May 8, 2019 No Responses

MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU

The African Development Bank (AfDB) has extended a $50 million (about N15.35 billion) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). The facility is designed to boost the bank’s capacity to promote the...
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