Nigeria Receives AfDB Financing For Rural Electrification Project     The Federal Government has received financing from the African Development Bank (AfDB), for the Nigeria Electrification Project (NEP), a nationwide initiative aimed at delivering energy access to underserved communities in the country. According to AfDB, the project supports...

AfDB Okays $27m To Boost AU’s COVID-19 Response Initiative     The African Development Bank (AfDB), has approved about $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic. The approval came on the heels of a...

AfDB: Finally, Review Panel Clears Adesina     The coast appears finally clear for African Development Bank President, Dr. Akinwumi Adesina to be inaugurated for a second term in the office as the independent review panel cleared him of all allegations against him by the United States...

COVID-19’ll Cost Nigeria, Others $236.7bn GDP – AfDB     The outbreak of coronavirus in Africa could cost Nigeria, Togo and other countries on the continent $236.7bn in their cumulative Gross Domestic Product, the African Development Bank said on Tuesday. It said this in its report on African...

FG Parleys AfDB Team On $410m Transmission Projects   The Minister of Power, Engr. Sale Mamman, yesterday met with the African Development Bank’s (AfDB’s) officials on the implementation of $410 million power transmission expansion projects. At a virtual meeting he held with the bank’s officials, the minister...

COVID-19: AfDB Forecast $88.3bn Drop In Africa’s GDP     The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross Domestic Product (GDP) to drop by between $22.1billion and $88.3billion. According to the Bank, before the advent of...