AfDB chief seeks US support for African agriculture to drive sector growth
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s…
Being consumer nation without commensurate manufacturing activities bad–Ooni
Former banking wizkid and current Ooni of Ife, Oba Enitan Ogunwusi, has raised an issue of urgent national importance, saying “it was dangerous for Nigeria to remain a consumer nation without commensurate manufacturing activities to take care of the system”….
AfDB injects $6bn in over 73 projects spread across Nigeria—Adesina
…Ready to invest additional $8bn Though it was pump and pageantry at the unveiling of the newly constructed Country Office building of the African Development Bank (AfDB) in Abuja on Thursday, the President, Dr. Akinwumi Adesina, revealed that the continental…
AfDB unveils 2018 African Economic Outlook, says much need to be done
The African Development Bank (AfDB) on Wednesday released the 2018 flagship African Economic Outlook (AEO) report at the Bank’s Headquarters in Abidjan. This year’s Outlook coming in January, can be said to be the first ever yearly outlook to come…
AfDB looking at helping Africa set up aircraft leasing facilities—Adesina
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has given hint on the preparedness of the institution to assist the continent in developing critical aviation infrastructure including aircraft leasing outfits. Speaking at the ongoing International Civil Aviation…
Nigeria, Africa, riskiest skies to fly in due to old aircrafts– AfDB
A shocking revelation has emerged from the African Development Bank (AfDB), showing that Nigeria and several African skies are full of too many old and inefficient airplanes. The bank further noted that the scenario has therefore tagged the continent, the…
AfDB refutes calling off loans to Nigeria, says it supports ERGP
Barely 24 hours after it was widely reported that African Development Bank (AfDB) has called off delivery of $400m loan to Nigeria, the bank has refuted the news first broken by Reuters, saying it strongly supports Nigerian Government’s economic recovery…
Agribusiness solution to Africa’s youth unemployment—AfDB
African Development Bank (AfDB) has revealed that one of the best sectors that can effectively solve Africa’s current unemployment crisis is mechanized agriculture. However, the bank said Africa currently needs global support for its young farmers and “agripreneurs”. This disclosure…
AfBD pumps $120m to new airport terminal in Accra for regional integration
The president of African Development Bank (AfDB), Nigeria’s Dr. Akinwunmi Adesina has given insights on why the bank facilitated the construction of a new flagship terminal at the Kotoka International Airport, Accra, Ghana, saying it is expected to make the…
Nigeria may lose out from US aid over failure to drive coal for energy scheme
Fresh indication emerged weekend from the office of the US Treasury that Multilateral Development Banks (MDBs) that Donald Trump is working on rethinking its opposition to the use of fossil fuels, especially coal. If the deal sales through, in Africa,…
