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...
AfDB, Afreximbank Reports Reveal $5bn Capital Outflow In 2020
The African Trade Finance Survey report has revealed that there were massive capital outflows from Africa, exceeding $5bn in the first quarter of 2020.
The report by the African Export-Import Bank, in collaboration with the United Nations...
Africa’s Climate Change Impact Rises To $50bn Annually
The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...
