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...
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...
