AfDB, EIB Plan $70m Investment in DBN The European Investment Bank (EIB) and the African Development Bank(AfDB) have agreed to support the creation of the new Development Bank of Nigeria(DBN) to strengthen lending for business and agriculture investment in the country. The European Investment Bank...

AfDB Approves $50m to Address Africa’s Trade Finance The Board of Directors, African Development Bank (AfDB) has approved $50 million (Fifty Million Dollars) unfunded Risk Participation Agreement for Commerzbank to address Africa’s trade finance market. The bank  made the announcement  in a statement signed by its...

President, African Development Bank (AfDB), Mr. Akinwumi Adesina has called for urgent action from stakeholders over the deepening crisis of global malnutrition. The President’s charge aligns with the AfDB’s High five (5) development priorities, in particular with the fifth goal to improve the quality of...

The African Development Bank (AfDB) is to invest $24 billion in agriculture over the next 10 years to help unlock its potential and assure food security in Africa. The President of the bank, Dr. Akinwumi Adesina, revealed at a side event of the ongoing Borlaug...

The African Development Bank ( AfDB ) and World Bank have earmarked 800 million dollars for the provision of agriculture technologies to farmers in Africa. AfDB President, Dr Akinwumi Adesina, made this known at the ongoing 2017 African Green Revolution Forum (AGRF) in Abidjan, made...

The Federal Government on Thursday extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest. The Ministry of Finance said in a statement that already, the Accountant-General...