AfDB, Japan Earmarks $3.5bn For Nigeria, Others   Japan and the African Development Bank have announced a joint target of $3.5bn under the Enhanced Private Sector Assistance for Africa initiative. Both Japan and the AfDB have set a target of $1.75bn each, from 2020-2022, to enhance the...

AfDB Gets $20m Investment For Energy Inclusion African Development Bank says it has received $20m investment from the Clean Technology Fund for the Facility for Energy Inclusion. The bank, in a statement on Wednesday, said the Facility for Energy Inclusion was sponsored by the AfDB to...

AfCFTA: AU,AfDB Sign $4.8m Grant The African Development Bank Group has signed a $4.8m institutional support grant to the African Union for implementation of the African Continental Free Trade Area agreement. The grant, approved by the Group’s Board of Directors in April, forms part of a...

Nigeria, Others Advised To Unlock $1.34trn Revenue Via Policies Implementation   The African Development Bank Group(AfDB) has urged Nigeria and other African countries to implement the World Trade Organisation (WTO) Trade Facilitation Agreement and four other trade policies. The multilateral agency stressed that doing so could bring...

Fraud: Nigerian firm, Lutoyilex, Barred From Bidding For AfDB, W/Bank Contracts Lutoyilex Construct Limited, a construction company registered in Nigeria, has joined the list of firms debarred for fraudulent practices by the African Development Bank Group and other international bodies. The AfDB, on Tuesday, announced the...

AfDB Okays New Financing Programme For Energy Providers For Off-grid Power   The Board of Directors of the African Development Bank Group has approved an innovative multinational financing program for Distributed Energy Service Companies (DESCOs), which would see 900,000 households in sub-Saharan Africa – about 4.5...