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African Development Bank

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.
Adesegun Akin-Olugbade

Nigerian appointed first African member of World Trade Board

Dr Adesegun Akin-Olugbade, an international legal and finance expert, has been appointed as a member of the World Trade Board.
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.

AfDB identifies 14 sites for agro-industrial processing zones in Nigeria

The African Development Bank (AfDB), says it has identified 14 sites for the proposed Special Agro-Industrial Processing Zones (SAPZs) in Nigeria.
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.

Kwara to partner AfDB on infrastructure growth, others

The partnership areas include road construction, small and medium scale enterprises with a focus on women empowerment, energy, and agro-processing.
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.

AfDB woos Nigerian investors for DR Congo

The African Development Bank (AfDB) has called for the constriction of an economic bridge to link Nigeria and Democratic Republic of Congo (DRC) to unlock potentials in the two countries for the development of Africa.
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.

AfDB chief, three others for Tony Elumelu foundation forum

The leaders of three African countries and the President of African Development Bank (AfDB), Dr Akinwumi Adesina, are expected to participate in the on-going Tony Elumelu Foundation Entrepreneurship Forum in Abuja.

PDP slams Governor Fayemi over ‘fresh N5 billion loan’

The Ekiti State chapter of the Peoples Democratic Party National New Media Group (PDP-NNMG) has accused the State Governor, Dr. Kayode Fayemi, of plotting to plunge the State into another round of debt, disclosing that the governor was about taking N5 billion loan from a new generation bank.

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Robbers device new method of attacking bank customers

The Ebonyi Police Command on Thursday said it had uncovered a new strategy used by criminals to rob bank customers.