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African Development Bank

Japans gives $700 million loan to AfDB

The Japan International Cooperation Agency (JICA) has signed a $700.9 million loan agreement with the African Development Fund (ADF).

AfDB, Japan signs $700m development loan agreement

The President, African Development Bank (AfDB), Dr Akinwumi Adesina, said that the Japan International Cooperation Agency (JICA) has signed a 700 million dollar loan agreement with African Development Fund (AfDB).

African economy on growth path – Akinwumi Adesina

African Development Bank (AfDB) has described economies of the African countries as resilient and on the growth path, despite the global economic headwinds, climate and regional shocks in 2017.

AfDB hits highest annual disbursement of $7.67bn in 2017 – Akinwumi Adesina

The President of African Development Bank (AfDB), Dr Akinwumi Adesina, said that the Bank, 2017, achieved its highest annual disbursement ever of 7.67 billion dollars on supports.

Federal govt considers new performance framework for MDAs

The Federal Government says it is working on a new performance management framework for ministries, department and agencies, MDAs and state-owned enterprises to enhance their capacity for higher revenue returns.

AfDB plans electricity for 29m Africans

The African Development Bank (AfDB) plans to reach 29.3 million people in African with electricity by 2020.

Federal govt, AfDB train 8,317 rice farmers, processors

The Federal Government says it has so far trained more than 8,000 farmers on rice value chain activities under the Agricultural Transformation Agenda Support Programme (ATASP) Phase 1.

AfDB calls for investment in infrastructure to drive inclusive growth in Africa

The African Development Bank (AfDB) has called for massive investment in infrastructure to drive inclusive growth in Africa.

Liberia’s youth betting on George Weah economic miracle

New President George Weah is nothing less than revered among Liberia's youth, who view his rise from the slums to stellar success in European football as proof he can also turn around their fragile economy.

Expert urges federal govt to alleviate housing challenges

A housing expert, Mr Festus Adebayo, has urged the Federal Government to make the Family Home Fund (FHF) scheme effective in 2018 to alleviate the housing challenges in the country.

Gencos gulped N152.9bn of N701bn power sector fund in seven months

The Nigeria Bulk Electricity Trading Plc (NBET) has disbursed a total of N152.974 billion to 23 power generation companies (Gencos) within the first seven months of 2017, according to a report.

VP Yemi Osinbajo inaugurates AfDB country office

Vice President Yemi Osinbajo on Thursday inaugurated the Country Office of the African Development Bank and hailed the banks $6bn portfolio in Nigeria which enhanced job creation.

‘Massive’ infrastructure spending needed in Africa – report

Economic growth in Africa picked up steam last year and is set to accelerate strongly in 2018, but "massive investments" are needed in infrastructure, the African Development Bank (ADB) said on Wednesday.

Nigeria’s economy to grow at 2.1 percent – AfDB

The African Development Bank (AfDB) has predicted a positive outlook for Nigeria’s economic in 2018.

African Development Bank to invest $30m in off-grid energy

The African Development Bank (AfDB) has formed partnerships with Calvert Impact Capital (CIC), Global Environment Facility (GEF) and the Nordic Development Fund (NDF) to drive investments in off-grid energy across Africa.

Nigeria is largest shareholder in AfDB with portfolio of $6 billion – official

The Nigeria Country Director of African Development Bank (AfDB), Ebrima Faai, says Nigeria is the bank’s largest shareholder with a portfolio of approximately six billion U.S dollars.

President Buhari to commission new AfDB building

Nigeria’s President, Muhammadu Buhari, will commission the new office complex of the African Development Bank in Abuja on January 18, 2018, consolidating the country’s position as the Bank’s largest shareholder.

AfDB denies calling off $600m loan to Nigeria

The African Development Bank (AfDB) has refuted media reports that it has called off its $600 million loan to Nigeria.

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