AfDB: ECOWAS Endorses Adesina For Second Term   The Economic Community of West African States has endorsed the candidacy of African Development Bank President, Akinwumi Adesina, for a second term in office. The decision was taken at the 56th ordinary session of the Authority of Heads of...

AfDB’s Active Portfolio In Nigeria Now $4.8bn   The African Development Bank (AfDB)’s active portfolio in Nigeria rose to $4.8 billion as at December 13, 2019, the bank disclosed in a statement at the weekend. With AfDB President, Dr. Akinwumi Adesina, telling Nigerian journalists in April that...

Tony Elumelu Entrepreneurship Programme Receives $5m Grant From AfDB The board of directors of the African Development Bank has approved a grant of $5m to enable the Tony Elumelu Foundation entrepreneurship programme to scale up its outreach and impact to 1,000 select youth entrepreneurs. The grant...

AfDB Okays $210m For Nigeria’s Power Transmission Projects   The board of the African Development Bank has approved $210m (N64.26bn at the official exchange rate of N306 to $1) for power projects across the country being handled by the Transmission Company of Nigeria. The TCN said on...

AfDB, Investors Working To Close $67bn Deals     Investors and partners of the African Investment Forum are working on closing investment transactions worth $67bn at the second edition of the forum, which kicked off on Monday in Johannesburg. The President, African Development Bank, Dr Akinwumi Adesina, disclosed...

AfDB Governors Convert Energy Fund To Concessional Finance Facility   The African Development Bank’s Board of Governors has approved the conversion of the bank-administered Sustainable Energy Fund for Africa into a ‘special fund’, to amplify its development impact by allowing it to access a wider range...