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...

Nigeria Signs MoU with African Risk Capacity The Government of the Federal Republic of Nigeria has  in Busan, South Korea, on the sidelines of the ongoing AfDB Annual Meetings, signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to serve as a...

Emir Sanusi Outlines Path to Africa’s Development Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank,...

AfDB Approves $100m To Expand Fertilizer Production   The African Development Bank (AfDB) has approved $100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8...

Africa loses $50bn to Illicit financial flow Annually– AfDB The African Development Bank (AfDB) says that Africa loses about $50 billion annually to illicit financial flow in the continent. Mr Ebrima Faal, Director, AfDB, Nigerian office disclosed this at workshop on the Role of Parliament in...