UN Supports AfDB’s $10bn Power Initiative The United Nations (UN) has thrown its weight behind the quest of the African Development Bank (AfDB) to provide electricity to 250 million people in Africa through its ‘ Desert to Power’ electricity initiative. A statement made available to our...

AfDB, Sophia University, sign MOU to build capacity The African Development Bank (AfDB) and Sophia University in Japan, have signed a Memorandum of Understanding (MOU) to promote capacity development within the two institutions for their mutual benefit and the entire African continent. The agreement was signed...

Rwanda Gets €115m AfDB Loan The African Development Bank’s Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services. The funding would cover strategic cities and...

Report Forecasts Growth For Nigeria, Others In 2019 A recent report by the African Development Bank (AfDB) has predicted growth in 2019 for African economies. According to the report, growth was expected to reach 4.1 per cent, up from the initial 3.8 per cent growth in...

Nigeria, Others Get AfDB’s $40m Infrastructure Lifeline   A new lifeline for infrastructure funding has been lined up for Nigeria and the rest of the continent’s economies, under the Africa Infrastructure Investment Fund (AIIF), with $40m ready for disbursements. An initiative approved by the African Development Bank...

On 45 Deals, we Secured Investment Interest Worth $32bn, Says AfDB   Out of 61 transactions valued at $40.4bn tabled for discussions in boardroom sessions at the just concluded African Investment Forum in Sandton, South Africa, 45 deals worth over $32bn were secured, the African Development...