AfDB – Page 2 – City Business News

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...

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...

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...

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...

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...