The University of Alberta will confer an honorary doctorate of science degree on Dr. Akinwumi A. Adesina, President of the African Development Bank (https://www.AfDB.org/en/), at its convocation event on June 4 in Edmonton, Canada Dr. Adesina is a globally renowned leader who has dedicated his life to lifting millions of people out of poverty. For […]
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The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of $40 million in Africa Infrastructure Investment Fund (AIIF3). AIIF3 is a closed-ended pan-African infrastructure fund managed by South Africa-based Africa Infrastructure Investment Managers (AIIM). AIIM is one of Africa’s most experienced infrastructure fund managers. The Fund will focus […]
Continue ReadingThe African Development Bank (AfDB) says it has approved 100 million dollars senior loan to Nigerian firm, Indorama Eleme Fertilizer and Chemicals Limited, to support production of Fertilizer in Nigeria. The Bank disclosed this in a statement, on Thursday adding that it would help the company’s plans to double its fertilizer production from 1.4 million tons […]
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The African Development Bank, AfDB, said it has lunched a Presidential Youth Advisory Group, an initiative that will create 25 million jobs for youths. Akinwunmi Adesina, president of the bank said, the initiative would provide insights and innovative solutions for job creation for Africa’s youth as outlined in the Bank’s Jobs for Youth in Africa Strategy. […]
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The African Development Bank (AfDB) has approved and released $155 million to assist Nigeria to improve its power sector. The loan is for Economic and Power Sector Reform Programme (EPSERP). The approval became effective from Oct. 19, 2012 and the amount was fully disbursed in two tranches on March 1, 2013, and Dec. 21, 2015. […]
Continue ReadingAfrican Development Bank (AfDB) has resolved to launch $800 million scheme to support the agriculture sector in Nigeria. The Pesident of AfDB, Dr. Akinwumi Adesina, said in Abuja on Monday that the support is on the platform of the AfDB’s initiative called Technology for African Agriculture Transformation (TAAT). It is part of the efforts to […]
Continue ReadingThe African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises […]
Continue ReadingThe President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, on Monday in Abuja announced billions of dollars packages to address Nigeria’s economic crisis.In a statement in Abuja, Mr Femi Adesina, the Special Adviser on Media and Publicity to President Muhammadu Buhari, said the AfDB president announced the packages during a meeting with President […]
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