REA Secures World Bank, AfDB Funds For Power Projects         The Rural Electrification Agency has secured funding from the World Bank and the African Development Bank for the development of power projects in universities and teaching hospitals. The Managing Director of REA, Ahmad Salihijo, disclosed this at...

Africa’s Economy To Decline By 3.4% – AfDB       The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said Africa’s economy will decline by 3.4 percent this year. Adesina said this in his remarks after he was conferred with the fellow of the Chartered...

AfDB Approves $25bn For Agric Development In Nigeria, 4 Other African Countries         The African Development Bank Group (AfDB) has approved the investment of $25 billion to develop agriculture in Nigeria and four other African countries. President, AfDB, Dr. Akinwumi Adesina, disclosed this at a virtual conference...

AfDB Develops 3-year Project For Revenue Generation In Extractive Industry           The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual...

Nigeria, Others Losing $15bn To Climate Change - AfDB       The President, African Development Bank Group, Dr Akinwumi Adesina, has said that Nigeria and other African countries would lose between $7bn and $15bn per annum due to climate change. Adesina said this in his opening speech at...

AfDB Attracted $78.8bn Investments To Africa - Adesina     The African Development Bank (AfDB) attracted $78.8 billion investments into Africa in two years, its President Dr. Akinwunmi Adesina, has said. The continental bank was able to mobilise this investments “through the innovative and groundbreaking Africa Investment Forum...