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...

AfDB Vice-president, Resigns   The Vice President for Agriculture, Human and Social Development at the African Development Bank, Dr Jennifer Blanke, has resigned her position. The AfDB disclosed this on Wednesday in a statement, saying Blanke’s resignation would take effect July 4, 2020. She was quoted as saying,...

AFDB Injects $10bn To Cushion COVID-19 Impact On Agriculture     The African Development Bank (AFDB), has provided about $10billion to implement strategic roadmap of projects and programmes of immediate and longer term measures to tackle nutrition and food crisis situation in the Continent. This is part of...

AfDB Supports Nigeria’s COVID-19 Response Program With $288m Loan   The Board of Directors of the African Development Bank (AfDB) has approved a $288.5 million loan for Nigeria to tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan, according to the bank,...

AfDB Governors Authorize Independent Review of Allegation Against Adesina   The Bureau of the Boards of Governors of the African Development Bank (AfDB) Group has said that based on the views of some Governors on the whistle-blowers' complaint against Dr. Akinwumi Adesina, and the need to...