Africa must strengthen democratic institutions to drive economic growth – Adesina
Africa must strengthen its democratic institutions if it is to experience sustained economic growth and effective national transformation, Dr Akinwumi Adesina, President of the African Development Bank (AfDB) has averred. He said many institutional and governance deficiencies had for long…
AfDB partners FCMB to deepen women empowerment in Nigeria
The Board of Directors of the African Development Bank (AfDB) has approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy…
African Development Bank approves $27 million to boost African Union’s COVID-19 Response Initiative
The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020 The African Development Bank (http://www.AfDB.org) on Friday 24 July…
AIF founding partners unveil COVID-19 Response for Africa’s private sector
15 deals in the Africa Investment Forum’s portfolio, valued at $3.79 billion earmarked to address COVID-19 impacts Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said on Friday,…
Harnessing youths’ workforce to spike post-COVID-19 economic recovery—AfDB
Growth in West Africa, poised to expand by 4.0 percent in 2020, now projected to contract by -2.0 percent in 2020; Demand for science, technology, engineering and mathematics increasing, though school enrolment, retention rates poor. West Africa’s burgeoning youth population…
Adesina’s 2nd term at AfDB gets boost as bank ranks 4th in global transparency
Contrary to alliance of international opposition forces led by the United States against the second tenure of Nigeria’s former Minister of Agriculture, Dr Akinwunmi Adesina at the African Development Bank (AfDB), more rare feats capable of frustrating all the opposition…
Ikpeazu, AfDB close in on new deal for industrial hub in Abia State
Governor Okezie Ikpeazu of Abia State Tuesday visited the African Development Bank (AfDB) to discuss investment and creation of a potentially viable industrial hub in the state. The Governor, who met with President of the bank, Dr Akinwumi Adesina at…
More second term endorsements’ for AfDB President, Nigeria’s Adesina
As the election into the board of the African Development Bank (AfDB) which includes the presidency currently occupied by Nigeria’s former Minister of Agriculture, Dr Akinwunmi Adesina draws closer, more endorsements for his second term bid have continued to soar….
AfDB to begin 2-day summit on Fourth Industrial Revolution (4IR) today
All is set for the African Development Bank (AfDB) to hold a workshop on the ability of the emerging technologies of the fourth industrial revolution to overcome the challenges that Africans face at its headquarters in Ivory Coast. A statement…
TEF gives out 1st tranche of $5m Partnership Commitment from AfDB
Chairman of UBA Plc., and Founder of Tony Elumelu Foundation (TEF), Mr Tony Elumelu, has congratulated the African Development Bank (AfDB), and it’s President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to…
