Nigeria, Africa's Debt Servicing Costs Hit $74bn – AfDB   Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity, the Vice President and Chief Economist, Economic Governance and Knowledge Management, African Development Bank Group, Prof...

Can PIDA Tackle Africa's $170bn Infrastructure Gap? By Mohammed Dahiru-Lawal An African dream is unfolding—one defined by an ambitious blueprint aimed at connecting people and infrastructure to eradicate poverty and accelerate development across the continent. This vision emerges against the backdrop of Africa's staggering infrastructure deficit. With...

Housing Demand in Africa will Create $1.4trn Investment Opportunity by 2050 – AfDB President of African Development Bank (AfDB), Akinwumi Adesina, says Africa presents a unique investment opportunity that cannot be ignored. Adesina spoke at the opening ceremony of the 2024 Africa Investment Forum (AIF) Market...

African Countries Pay 500% More on Global Debt – AfDB African nations are grappling with a staggering 500 per cent increase in debt servicing costs when borrowing from global markets. The African Development Bank’s Vice President and Chief Economist, Prof Kevin Urama, said this at the...

AfDB to Produce 120m tonnes of Additional Food by 2025 The African Development Bank (AfDB) has revealed plans to produce an additional 120 million tonnes of food by 2025. This announcement was made by the Director General of the AfDB Nigeria Country Department, Abdul Kamara, during...

Multilateral Banks’ Climate Financing Now $125bn – AfDB   Multilateral development banks, including the African Development Bank, have reported that their combined financing for climate action reached a record $125bn in 2023. In a statement issued on Monday, AfDB said the findings were from the Joint Multilateral...