18 States Worse Hit By Poverty - AfDB   Poverty rate in more than half of the 36 states of the nation is above the national average of 69 per cent, the African Development Bank has said. The bank said this in its African Economic Outlook 2020...

AfDB Approves $22m For SMEs     The board of the African Development Bank on Wednesday approved a $22 million senior loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in...

Capital Market: AfDB Targets Larger Share Of $5trn ETFAs For Africa   President of African Development Bank (AFDB) Dr. Akinwumi Adesina has unveiled collaborative plans with the London Stock Exchange Group’s Africa Advisory Group (LAAG) with a view to attracting a bigger share of the $5...

AfDB Partner DFID To Provide $80m Infrastructure Support   The African Development Bank and the Department for International Development are partnering to provide $80m infrastructure support for African countries. In a statement, the President, AfDB, Dr Akinwumi Adesina, said this while delivering his speech during at the...

AfDB To Invest $250m On Water, Sanitation In FCT   The African Development Bank (AfDB) has revealed plans to invest $250 million in the Federal Capital Territory (FCT) water and sanitation integrated project to improve water supply and sanitation in the satellite towns. The Senior Director of...

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital International Fund II. The fund channels resources to renewable energy and resource-efficient infrastructure projects in Nigeria and other Sub-Saharan African countries. The...