Loans From W/Bank, AfDB Rise To $14.35bn Under Buhari's Administration       Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown. This means that...

High Unemployment Rate Threatening FG’s Poverty Reduction Plan – AfDB       The Director-General of the African Development Bank Group’s Nigeria Country Department, Mr Lamin Barrow, has said the Nigerian government’s plan to lift 100 million Nigerians out of poverty by 2030 is threatened by the high...

AfDB Okays $50m Loan For Nigerian Women Businesses     The board of directors of the African Development Bank has approved a loan of $50m to First City Monument Bank Limited to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy...

Africa Lost Over $190bn In GDP To COVID-19 – AfDB       President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, yesterday said the economy of Africa has lost over $190 billion due to the effect of the COVID-19 pandemic. Adesina, during the AfDB’s 2021 virtual...

W/Bank To Invest $150bn In Africa       The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent. Malpass disclosed this on Tuesday at the Summit on...

AfDB To Invest $3bn In Africa’s Pharmaceutical Industry         The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years. President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common...