AfDB Okays $500,000 Grant For NEAF   The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a new private equity fund developed by...

AfDB Signs Pact To Boost Fertilizer   The African Development Bank and the African Fertilizer and Agribusiness Partnership have signed two grant agreements for the implementation of fertilizer trade credit guarantee projects in Nigeria and Tanzania. The signing was held on the sidelines of the African Green...

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...