AfDB, Others Agree on Insurance platform The African Development Bank (AfDB), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) , African Trade Insurance Agency (ATI) and GuarantCo, have entered into a Memorandum of Understanding for a Co-Guarantee Platform (CGP). This initiative, on Wednesday...

AfDB Advocates Bridging Of Africa’s Capital, Bankable Projects   The Africa Development Bank (AfDB) says there is the need to bridge the gap between Africa’s available capital and bankable projects since it requires between 600 and billion dollars annually for development. AfDB’s “African Economic Outlook 2018’’, financing...

Nigerian foreign debt hits N6.76trn in Q2 –NBS The National Bureau of Statistics (NBS) has said Nigeria’s foreign debt stood at N6.76trillion ($22.08 billion) as at second quarter ended June 30, 2018. The apex statistical agency in its latest report said ‘Nigerian domestic and foreign debt’...

AfDB, Others Price Landmark $1 Billion Impact Securitization The African Development Bank (AfDB) and other international Portfolio managers have announced the pricing of Room2Run, a US $1 billion synthetic securitization corresponding to a portfolio of seasoned pan-African credit risk. Room2Run is the first-ever portfolio synthetic securitization...

AfDB Disburses $7.81bn To African countries, Highest Ever   The African Development Bank, under the leadership of its president, Akinwumi Adesina, has increased disbursements to support the structural transformation of countries in Africa, according to its annual report, released during the Annual Meetings in Busan, Korea. Bank...

AfDB, GGGI Partner to Promote African Green Growth  The African Development Bank (AfDB) and the Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, to promote programs, projects, joint...