AFDB

InfraCredit secures $15m from AfDB to support Nigeria’s infrastructure financing

InfraCredit has announced the successful completion of a $15 million subordinated unsecured 10-year facility with the African Development Bank Group (AfDB). The strategic partnership marks the second investment by AfDB in InfraCredit,

1 week ago

by Guardian Nigeria

Port modernisation project delay may cost Nigeria N1 trillion

The failure to execute the port modernisation project, after missing the first quarter deadline in 2024, could result in Nigeria losing another N1 trillion due to cargo diversion to neighboring countries yearly.

2 weeks ago

Travel & Tourism

Africa loses $15bn to climate change annually— AfDB

Dr Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa loses between seven billion dollars and 15 billion dollars annually due to climate change.

3 weeks ago

News

Don lists ways to boost economic, Industrial growth in Nigeria

The Senior Special Adviser on Industrialisation to the President of the African Development Bank (AfDB), Prof. Oyebanji Oyelaran-Oyeyinka, has made suggestions that will spark industrial growth in the country.

4 weeks ago

National·News·Nigeria

AfDB, others pledge support for CAAF24 Deal Room

African Development Bank (AfDB) has pledged its support for the 2024 Climate Action Africa Forum (CAAF24) Deal Room, taking place from June 19 to 20, 2024 at the Landmark Event Centre in Lagos.

4 weeks ago

National·News·Nigeria

AfDB approves increased capital of $117bn to support Nigeria, others

The Board of Governors of the African Development Bank (AfDB) Group, has approved a capital increase of 117 billion dollars to further support Nigeria and other countries on the continent.

1 month ago

National·News·Nigeria

Six African countries create councils to drive food, agriculture

Six African countries have set up presidential-level councils to drive implementation of food and agriculture in the continent, while twelve more countries are at various stages of establishing their councils.

1 month ago

Saturday Magazine·Travel & Tourism

Africa economic growth not enough to tackle poverty – AfDB

Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday.

1 month ago

Africa·News·World

AfDB hinges AfCFTA success on industrialisation policies

The African Development Bank (AfDB) Group said that the much-anticipated African Continental Free Trade Agreement (AfCFTA) plan of economic integration would not deliver transformation until it is anchored on sound industrialisation policies.

1 month ago

Business·Business News

AfDB advocates financing architecture review to save Nigeria, others $75b yearly

Peeved by the high cost of financing debts on the continent, the African Development Bank (AfDB) Group is pushing for the review of the global financing architecture to which African countries are

1 month ago

Business·Business News

FG, AfDB seek synergy among African countries for food security

The Federal Government and African Development Bank (AfDB) have urged African countries to synergise towards addressing challenges

1 month ago

National·News·Nigeria

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AFDB

InfraCredit secures $15m from AfDB to support Nigeria’s infrastructure financing

Port modernisation project delay may cost Nigeria N1 trillion

Africa loses $15bn to climate change annually— AfDB

Don lists ways to boost economic, Industrial growth in Nigeria

AfDB, others pledge support for CAAF24 Deal Room

AfDB approves increased capital of $117bn to support Nigeria, others

Six African countries create councils to drive food, agriculture

Africa economic growth not enough to tackle poverty – AfDB

AfDB hinges AfCFTA success on industrialisation policies

AfDB advocates financing architecture review to save Nigeria, others $75b yearly

FG, AfDB seek synergy among African countries for food security

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