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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.

Nigeria, 10 other African countries to benefit from AfDB power project

G5 Sahel heads of state at a Summit on Friday in Ouagadougou, Burkina Faso, gave strong support to Desert to Power, an Africa Development Bank-led initiative.
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.

G5 Sahel backs AfDB initiative to boost solar energy

G5 Sahel Heads of State have expressed their support for “Desert to Power’’, an Africa Development Bank (AfDB) initiative designed to harness solar energy for socio-economic development of member countries.

Anambra governor lauds AfDB president for appointing Chinelo Anohu-Amazu as investment forum chief

Governor Willie Obiano of Anambra State has praised the African Development Bank (AfDB) president, Dr Akinwunmi Adesina, for appointing Chinelo Anohu-Amazu the head and senior director of the Africa Investment Forum with effect from September 1.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister: 2020 budget to be submitted to National Assembly this month

The federal government is working towards submitting the 2020 appropriation bill to the National Assembly by the end of this month, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
Chinelo Anohu-Amazu

AfDB Group appoints Chinelo Anohu to head Africa Investment Forum

The President of the African Development Bank Group, Dr. Akinwumi Adesina, has announced the appointment of Mrs. Chinelo Anohu, an accomplished international corporate lawyer, as head and senior director of the Africa Investment Forum.
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: African countries import $50 billion worth of food annually

The African Development Bank (AfDB) says African countries import nearly 50 billion dollars net of food annually.
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 spends $2 billion to train six million African scientists

The African Development Bank (AfDB) says it has committed $2 billion to the education and training of six million science students in Africa from 2005 to date.

Group promises massive investments in rice, cassava processing

An Agro – food company, Elephant Group Plc, credited with off taking all cassava planted and harvested in Edo State, has pledged to offtake the total production of rice and cassava in Ogun State and also engage about 40,000 farmers within the next three years on the outgrower basis.

Japan to host Africa aid forum as China looms large

Japan hosts development talks with African leaders this week, looking to boost its presence on the continent and offer an alternative to investments by an increasingly assertive China.
Economist Abdalla Hamdok

PM: Sudan needs $10 billion in foreign aid to rebuild economy

Sudan needs $8 billion in foreign aid over the next two years to cover its import bill and help rebuild its ravaged economy after months of political turmoil, its new prime minister said on Saturday, according to Reuters report.

Kaduna governor praises federal government on Zaria Water Project, asks for refund

Governor Nasir El-Rufai has thanked the Federal Ministry of Finance for approving a refund of N17.32bn to Kaduna State for capital expenses it had spent on the Zaria Water Project.
Nigeria Governors’ Forum (NGF)

NGF: 36 states to get $4 billion from AFDB

The African Development Bank, AfDB, has concluded arrangements to establish Special Agro-Promising Zones (SAPZs) in all the 36 of the country, Ekiti State governor, Kayode Fayemi, reveals.

Governors meet over NFIU’s directive on local council funds

The 36 state governors under the umbrella of Nigeria Governors’ Forum (NGF) are meeting in Abuja to discuss update on recent directive of the Nigerian Financial Intelligence Unit (NFIU) on local government funds.

World Bank, AfDB blacklist more companies, consultants in Nigeria for corruption

The World Bank and the African Development Bank (AfDB) have sanctioned and blacklisted more companies and consultants operating in Nigeria for various breaches of their contracting processes considered fraudulent and corrupt.

Nigeria seeks AfDB funding for aviation projects

Nigeria is demanding that the African Development Bank (AfDB) take over the funding of several projects geared at maintaining air safety in Africa following the decision of the United States of America to suspend the allocation of funds for the ‘safe sky programme’ 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.

AfDB says risks to growth ‘increasing by the day’

The U.S.-China trade war and uncertainty over Brexit pose risks to Africa’s economic prospects that are “increasing by the day,” the head of the African Development Bank (AfDB) told Reuters.
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 approves $20 million for clean energy

The African Development Bank (AfDB) has approved $20 million for the Facility for Energy Inclusion (FEI). The facility was sponsored by the bank to provide sustainable financing for small-scale renewables 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.

AFDB empowers 20,000 Nigerian farmers

As part of its efforts to reduce poverty, create employment opportunities for Nigerians, the African Development Bank (AFDB) has empowered over 20, 000 farmers in the last four years. National programme Coordinator of Agricultural transformation Support Programme Phase 1 (ATASP-1), Ibrahim Arabi, who addressed newsmen recently in Abuja, explained that the scheme was currently being implemented in 200 rural communities.

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