Nigeria Attracts $7.6bn Investments at Africa Forum Nigeria has secured $7.6bn in investment interests at the Africa Investment Forum 2024, which took place in Rabat, Morocco, from December 4 to 6, 2024. The announcement was made by the President of the African Development Bank (AfDB), Akinwumi...

Maimbo Champions Investment-Driven Growth for Africa's Development Dr. Samuel Munzele Maimbo, a leading candidate for the African Development Bank (AfDB) Presidency has laid out his vision for a “Future-Ready Africa”. He unveiled the vision at a forum tagged: “Conversations on Africa’s Development”, which was organized by...

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...