AfDB decries over $200m sunk in Nigeria’s power sector with disappointing results
President of the African Development Bank (AfDB), Dr Akinwumi Adesina, at the ongoing Africa Investment Forum (AIF) in Cape Town, South Africa, has decried the huge volume of both government and private investments including its $200m into the Nigerian power…
AfDB harps on use of technology, innovative finance key to reach end users
The African Development Bank (AfDB), during a session at the Global Infrastructure Forum 2018 in Bali, Indonesia, has said that “New technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting goods and…
Africa’s investment opportunities outweigh the obstacles—AfDB Report
New report by the African Development Bank (AfDB) has disclosed that “Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s new Africa-to-Africa (A2A) Investment Report, the first…
AfDB unveils new tool to assess resilience, economic fragility in countries
The African Development Bank (AfDB) has created innovative and inclusive approach via a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under. Called the Country Resilience and Fragility Assessment (CRFA), the…
Strategic partnerships, investments key to Africa’s economic transformation—AfDB
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has taken the case for expanded partnerships and investments in Africa to the Netherlands. On a three-day visit this week, he met with government officials and private and public…
AfDB at Africa Energy Market Place, pledges to inject $12bn in Nigeria, others
Nigeria electricity sector is set to witness heavy injection of external funding from the African Development Bank (AfDB) as the continental body has announced a $12bn investment in Nigeria’s energy programme and others. President of the bank and former Nigerian…
AfDB, European Bank stake $70m in DBN to drive SMEs—Okpanachi
Less than one year of its takeoff, the Development Bank of Nigeria (DBN) has attracted cooperation and investments from two leading international finance organizations and partnerships of more commercial banks in Nigeria in the encouragement of Small and Medium Enterprises…
Korea assures Africa on readiness to share technological, industrial experience
As the 53rd Annual Meetings of the African Development Bank (AfDB) ends in Busan, South Korea, the Korean President, Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th…
AfDB, Afreximbank agree to raise $20bn for establishment of MRO in Nigeria
Nigeria may after all regain its pride in sub-Saharan aviation hub from Ghana following fresh deal between African Development Bank (AfDB) and African Export, Import Bank (Afreximbank) to raise capital base of about $20 billion for the actualisation of federal…
Only GTB, Ecobank, FirstBank made list of 2018 African Banker Awards nominees
Yearly organizers of African Banker Awards, the African Banker magazine, on Thursday announced nominees for the 2018 awards with only three out of 25 commercial banks in Nigeria making the list of nominees in different categories of the honours. Whereas…
