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African Development Bank

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
The second edition of the Africa Investment Forum, organised by the African Development Bank, began today in Johannesburg, South Africa. It will end on 13 November.

Africa Investment Forum opens in Johannesburg today

The second edition of the Africa Investment Forum, organised by the African Development Bank, began today in Johannesburg, South Africa. It will end on 13 November.

Nigeria on steady economic growth – central bank chief

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said on Monday that Nigeria’s economic outlook remained positives despite the current global uncertainties.

President Buhari commends Akinwumi Adesina’s leadership of AfDB

President Muhammadu Buhari has congratulated the President of the African Development Bank (AfDB), Akinwunmi Adesina, Board of Governors and members of staff of the institution on the historic increase in its capital from 93 billion dollars to 208 billion dollars.
President Buhari today received Akin Adesina, President, African Development Bank at the State House - 23rd April 2019 4

President Buhari praises Akinwumi Adesina over AfDB’s capital increase to $208 billion

President Muhammadu Buhari has praised the President of African Development Bank, Dr Akinwumi Adesina, the Board of Governors and the members of staff on the increase of the bank’s capital from $93billion to $208bn.
Prof. Sarah Anyanwu, the President, Nigeria Economic Society, on Monday in Abuja urged all tiers of government to implement policies designed to address unemployment in the country.

Sarah Anyanwu: Implement policies designed to address unemployment

Prof. Sarah Anyanwu, the President, Nigeria Economic Society, on Monday in Abuja urged all tiers of government to implement policies designed to address unemployment in the country.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

Akinwumi Adesina: I don’t believe in youth empowerment

The President of the African Development Bank, Dr Akinwumi Adesina, has disagreed with many who believe in youth empowerment. He said that youth investment is the only key to unlock the envisioned potentials of youth.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB reveals finding on Nigeria’s aviation sector road map

The African Development Bank (AfDB) said it was willing to assist Nigeria develop its aviation sector road map put together in 2012.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

10 Young African farmers to get $1.1 million from AfDB president

President of the African Development Bank (AfDB), Akinwunmi Adesina, has awarded 1.1 million dollars to 10 young African agro-entrepreneurs to boost food production in the region

Diamond-rich Botswana facing problems ahead of general elections

Diamond-rich Botswana is hailed for its stability, but the southern African nation struggles with income inequality, unemployment and a high rate of HIV.
Lagos lawyer and human rights activist, Femi Falana

No need for loans if we recover $103 billion oil sale loss – Femi...

Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.
Minister of Aviation, Senator Hadi Sirika; flanked by Ekiti State Governor, Dr Kayode Fayemi, (left) and Chairman, Ekiti Airport Committee, Chief Afe Babalola (SAN), right during the foundation laying of the Ekiti Agro Allied Airport, in Ado-Ekiti

Governor Fayemi flags off Ekiti cargo airport project

Ekiti State Governor, Dr Kayode Fayemi, on Friday, laid the foundation for the Ekiti Airport, signalling the commencement of work on the agro -allied cargo airport, aimed at boosting the state’s agricultural, tourism and educational endowment.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB, CGC to develop green financing instruments for Africa

The African Development Bank (AfDB), in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

World Bank, AfDB to give Ekiti $100 million loan to build airport, others

The Ekiti State Government has finally expressed its readiness to build an airport facility as part of efforts to attract investors to the state and make it the economic hub in all facets.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB, others partner Katsina on rural development

The African Development Bank (AfDB), the Agence Francaise De Development (AFD) and the Japan International Cooperation Agency (JICA) have concluded arrangement to partner with the Katsina State government on the provision of infrastructure, particularly in the rural areas in the state.
Former President Olusegun Obasanjo has listed what Nigeria should do to have access to $12 trillion “dormant funds”.

Former President Obasanjo urges DRC to use agriculture to reduce food import bill

Former President Olusegun Obasanjo has called on the Democratic Republic of Congo (DRC) to invest in agriculture, particularly cassava, soybean, cowpea and plantain to help Africa cut down annual food imports estimated at $50billion.

Cross River: Bakassi deep seaport to cost $2 billion

The Cross River Debt Review and Development Commission has revealed that the proposed Bakassi Deep Seaport to sighted in State, will cost between $1.7 billion and $2 billion.

AfDB Presidency: President Buhari nominates Akinwumi Adesina for re-election

President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB), newsmen reports.

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