AfDB, African Fertilizer group seal deal with Nigeria, Tanzania
The African Development Bank (AfDB) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania. The target is to gross…
TICAD 7: Japan, AfDB seal $3.5bn private sector drive in power, transport, health
Japan and the African Development Bank (AfDB) announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the during the closing remarks of the 7th Tokyo International Conference on African Development (TICAD…
Can forest insecurity encourage Osinbajo’s Chinese agro investors?
Addressing a delegation of Chinese agro investors and officials from the African Development Bank (AfDB), at the Presidential Villa earlier this week, the Vice President Yemi Osinbajo, disclosed that Nigeria is a place where there is tremendous opportunity. He revealed…
AfDB seeks shift from youth empowerment to investments at TEFEF 2019
The President of African Development Bank (AfDB) and former reformist Nigerian Minister of Agriculture, Dr Akinwunmi Adesina, Saturday called on African governments, corporate citizens and foundations to shift focus from youth empowerment to investing in African youths. Speaking as a…
‘To integrate Africa, bring down the walls’—AfDB’s Adesina
African leaders on Wednesday underscored the urgent need to fast-track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was made at the opening ceremony of the African Development Bank’s 2019 Annual Meetings, in Malabo,…
Expect less as debt servicing chops off 50% of Nigeria’s yearly revenue — AfDB
Latest West Africa Economic Outlook 2019, published by the African Development Bank (AfDB), has put up a strong indication revealing that every effort by the Federal Government to improve infrastructural development is cut by half yearly by debt servicing. According…
ECOWAS countries import over 450,000 vehicles, 80% fairly used yearly
As part of renewed efforts to optimize the benefit of the value chain in the region’s automobile industry, Trade, Industry and Investment Ministers and Commissioners in the Economic Community of West Africa States (ECOWAS) met recently in Accra to review…
AfDB describes Fidelity Bank as a niche player in the MSME sector, seals $50m deal
In clear understanding of its retail banking command, the African Development Bank (AfDB) has partnered Fidelity Bank Plc in sealing a $50m financing agreement aimed at the funding and promoting the growth of Micro Small and Medium Enterprises (MSME) in…
AfDB, others approve US$167.60m loan for 177.81 km roads in Ebonyi State
The African Development Bank (AfDB) Group, on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s south-eastern Ebonyi State. Details made available by the bank to Business Hilights in an email showed that it…
African Development Bank unveils Africa Energy Portal
Though the 2018 Africa Investment Forum (AIF) in Johannesburg has come and gone, more positive outcomes are still emerging. Latest in the row is the good plan of the African Development Bank (AfDB) to launch the Africa Energy Portal (AEP)…
