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...
FG Okays N2.373trn For Power Sector Reform
The Federal Government has set aside the $6.15 billion (about N2.373 trillion) secured from the World Bank, the African Development Bank (AfDB), Siemens and others for the reformation of the power sector.
The Minister of Power, Sale Mamman, who...
AfDB Grants $5m To AU For AfCFTA Permanent Secretariat
The African Development Bank Group (AfDB), said it provided a $5 million institutional support grant to the African Union (AU), to establish the African Continental Free Trade Area (AfCFTA) Secretariat, in Accra, Ghana.
The Bank’s Vice-President, Private...
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...
