The World Economic Forum has canvassed the need for countries globally, particularly the developing ones to improve public sector involvement in climate change mitigation in order to achieve growth. The Forum, in its just published ‘May 2023 Chief Economist Outlook’, highlighted the need for developing economies to drive progress on major national and global challenges, […]
The African Development Bank, (AfDB) has expressed concern that Africa may lose as much as 12% of its current Gross Domestic Product (GDP) value by year 2100 if the current trends in climate finance flows into Africa remained sustained. The development finance institution, in a statement issued on Friday as its governors gathered in Egypt […]
Stakeholders in Africa’s agricultural sector, particularly top players in the agribusiness sub sector, have projected that with adequate policy support and more conducive investment climate for enterprises, the continent’s agribusiness sector could reach US$1 trillion by 2030. According to them, with adequate government policy support, the agribusiness will become the ‘new oil” and engine […]
Indications that Nigeria’s economy remained structurally defective still have emerged with the latest report by the African Development Bank (AfDB) which rated the country’s Industrial Gross Domestic Product (GDP) lowest in Africa.
The Federal Government on Thursday demanded for the hosting of the West Africa Regional Office of the African Development Bank in the Federal Capital Territory, Abuja.
The Minister of Finance, Mrs. Kemi Adeosun, has advocated the need for a strong and well capitalized African Development Bank (AfDB).
The Country Director of African Development Bank (AfDB) in Nigeria, Mr Ebrima Faal, has said that the bank will prioritise interventions in Africa’s power sector in the current fiscal year.
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun (right), exchanging greetings with her counterpart from the Republic of Niger, Mrs. Kane Aichatou Boulama, during the regional meeting of the African Development Bank (AfDB) on accelerating Africa’s growth and development held yesterday in Abidjan, Cote d’Ivoire.
The African Development Bank (AfDB) has announced a financing arrangement with Calvert Impact Capital (CIC), Global Environment Facility (GEF) and the Nordic Development Fund (NDF) to promote off-grid energy investments in Africa.
The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for USD 8 billion to be raised from capital markets.