The Federal Government today signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC)to work together to address the impact of extreme weather events in Nigeria, including training support to government personnel. The signing ceremony, which happened on the margins of the Annual Meetings of the African Development Bank (AfDB) in Busan, South […]
The African Development Bank (AfDB) has signed a Joint Declaration with the Korean Government for a $5 billion bilateral financial assistance package for Africa. The deal was sealed at a Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference held during AfDB’s 53rd Annual Meetings in the Asian country. The President of AfDB, Dr. Akinwumi […]
The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has canvassed the need for all stakeholders across African countries to support the bank’s vision on Africa’s climate risk financing. The AfDB boss gave the charge Wednesday during a high-level session of the 53rd African Development Bank Group Annual Meetings held with the bank’s Board […]
The Board of Directors of African Development Bank (AfDB) has approved $1.5 million grant to support the implementation of Jigawa State “One Giga Watt (GW) Independent Power Producer (IPP) Solar Procurement Programme’’. The continental development finance institution stated that the approval was a demonstration of its commitment to helping Nigeria develop her renewable energy and […]
The African Development Bank, (AfDB) on Wednesday reported that about 650 million Africans currently live without electricity. Making the disclosure while welcoming African journalists on a media tour to Saemaul Undong Model village project, in Yamoussoukro, Cote d’Ivoire, the bank’s Director, Communication and Media Relations, Dr. Victor Oladokun, said that the continental development finance institution […]
The African Development Bank (AfDB) and European Investment Bank (EIB) have agreed to support the creation of the new Development Bank of Nigeria (DBN) to strengthen lending for business and agriculture investment in the country. Already, the African Development Bank has promised a US $50-million equity participation in the DBN while European Investment Bank has […]
The African Development Bank (AfDB) and its East and North African Governors today restated the need for urgent measures by African governments to match the continent’s growing population and youth unemployment. The Governors, who likened the rising population to a “ticking time bomb”, at their two-day consultation held in Abidjan, Cote d’Ivoire, however, described the […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has canvassed the need for American and global investors to help unlock Africa’s agriculture potential. A news report circulated by Africa Press Organisation (APO) indicated that the AfDB President made the call as the Distinguished Guest Speaker on the theme ‘The Roots of Prosperity’ […]