Most Recent News

Construction of $15.6bn Abidjan-Lagos highway to benefit 40m West Africans- Fashola

When completed, the construction of the 1,028-kilometre Abidjan-Lagos highway would benefit at least 40 million West Africans, the Minister of Works and Housing, Mr Babatunde Fashola (SAN), said at the.

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AfDB Signs US $70 Million Agreement With Ghana For Solar Electrification

The African Development Bank (AfDB) has signed a financing agreement with the government of Ghana for the implementation of a rural electrification project using stand-alone solar systems worth $70 million..

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We’re developing investment banks for youth-owned businesses — AfDB

African Development Bank (AfDB) says it is designing financial institutions that will invest in businesses owned by youths. Akinwumi Adesina, President, AfDB, said this on Friday at the end of.

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Africa risks stagflation due to pandemic, Ukraine war – AfDB

Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of the pandemic and rising fuel and food prices.

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Why I will not run for Nigerian presidency – Adesina

The African Development Bank (AfDB) president has turned down calls to contest the upcoming Nigerian elections, arguing that his hands are full. On Tuesday, Dr Akinwumi Adesina said he was.

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Africa unveils new platform to cushion countries from Ukraine crisis shocks

African countries will be able to jointly procure essential commodities, whose supply has been affected by the Ukraine crisis, following the African Trade Exchange (ATEX) launch, a platform created to.

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President Buhari Launches $19Billion Climate Fund Project, Solicits Support

On Monday, Nigeria’s President, Muhammadu Buhari, actuated a $19 Billion Fund to be channelled towards ecosystem restoration, tree planting, climate-resilient infrastructure, and climate-smart agriculture, amongst others. The president called on.

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AfDB Approves $5.5bn Fund for Desert to Power Energy Project

Development finance institution the African Development Bank’s (AfDB) concessional African Development Fund (ADF) has approved a $5.5-million technical assistance grant to kickstart the roll-out of the flagship Desert to Power.

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African Development Bank to provide $7.2 billion for developing the Capital Market in Africa.

The growth of Africa’s economic landscape is made up of different sectors. While the recent increase in commodity sales, increase request for services and increased demand for manufacturing all serve.

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African Development Bank funds $410m power transmission expansion projects

The African Development Bank is funding four critical electricity transmission lines under the Nigeria Transmission Expansion Programme with a total sum of $410m. According to the Transmission Company of Nigeria,.

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