The African Development Bank (AfDB) has initiated a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution. The Bank’s Vice-President for Agriculture, Human and Social Development, Jennifer Blanke, who made this remarks while addressing an audience at the sidelines of the recently ended […]
The African Development Bank (AfDB) on Monday reported that opportunities for investment in Africa outweigh the obstacles despite the sundry challenges companies are contending with in the various countries. The continental development finance institution in a news report distributed on its behalf by the African Press Organisation (APO) Group, stated in its maiden Africa-to-Africa (A2A) […]
The African Development Bank, with some global development partners, on Tuesday disclosed that the sum of $1 billion had been secured to support investment in infrastructure development in Africa. The AfDB and its supporting partners in the multi-level securitization finance, include the European Commission, Mariner Investment Group, LLC, Africa50 and Mizuho International Plc. The continental […]
The Board of Directors of the African Development Bank Group on Wednesday approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility requirements on non-concessional […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has dispelled insinuations that African debt crisis portends risk to the global economic system, particularly the continents creditors and donors. The former Nigerian Minister of Agriculture and Rural Development disabused the international community’s concern over the disputable debt situation in African countries during an […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said that the future of food in the world depends on what Africa does with agriculture, particularly through investment support to farmers in the continent. Adesina made this declaration when he addressed a crowd of global agriculture experts at the Food and Agricultrual […]
The African Development Bank and the FAO on Monday signed an agreement to strengthen joint efforts aimed at catalysing agriculture sector investments in Africa. The agreement, which terms include the raising of up to $100 million by the partners over the next five years to support joint activities, is aimed at ending hunger and malnutrition […]
The African Development Bank (AfDB), today said that it was currently assisting the Transmission Company of Nigeria (TCN) to invest in modernisation of its transmission network to improve the energy sector of the country. The AfDB President, Dr Akinwumi Adesina, who disclosed this at the sidelines of the bank’s ongoing 53rd Annual Meetings in Busan, […]
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 […]