AfDB to Grant Access Bank $230m Trade Finance Package The African Development Bank has announced plans to provide a $230m trade finance package for Access Bank Plc to support trade finance activities and ease foreign exchange liquidity constraints for small and medium-sized enterprises in Nigeria. This...

AfDB and Interpol Join Forces to Combat Financial Crime   The African Development Bank Group (AfDB) has joined forces with the International Criminal Police Organisation (Interpol) to intensify the fight against corruption and financial crime. In a statement on Friday, it was revealed that AfDB was the...

Nigeria to Benefit from $4.4bn Agro-industrial Processing Zone Investment President of the African Development Bank, Akinwumi Adesina, has revealed that Nigeria will gain significantly from a $4.4bn investment aimed at expanding the Special Agro-Industrial Processing Zones across all 36 states and the Federal Capital Territory. In...

AfDB Expresses Concern Over Slow Progress of Nigeria's $210m Agro-Industrial Project   The African Development Bank (AfDB) has expressed dissatisfaction over the slow progress of the first phase of Nigeria’s Special Agro-Industrial Processing Zones project, raising concerns about the disbursement of the $210m loan allocated for...

Nigeria Lands $1.1bn AfDB Deal to Power 5m People by 2026 Nigeria President Bola Tinubu has acknowledged securing a $1.1 billion fund from the African Development Bank (AfDB) for the provision of electricity for 5 million people by the end of 2026. Tinubu also stated that...

AfDB Partners PowerGen to Generate 120MW of Renewable Energy PowerGen Renewable Energy has partnered with the African Development Bank and other leading international investors to establish a scalable, distributed renewable energy platform. The platform targets deploying 120 megawatts of renewable power in Nigeria and other African...