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...

AfDB Launches $2bn in New Social Bond Issue The African Development Bank (AfDB) has announced the successful launch and pricing of a new $2bn five-year social benchmark bond, which is set to mature on September 18, 2029. A social benchmark bond is a type of bond...

Nigeria Secures $500m Loan To Support Energy Transition Programme The African Development Bank (AfDB) Group has approved a loan of $500 million to Nigeria to finance the first phase of the economic governance and energy transition support programme (EGET-SP). EGET-SP is an initiative aimed at accelerating...

Italy, AfDB Launch $300m Funds to Support Africa’s Economic Growth Italy and African Development Bank Group (AfDB) have formed a strategic alliance to launch a $300 million funding support for Africa’s economic growth. Prime Minister of Italy, Ms. Giorgia Meloni, and the President of the African...

AfDB Allocates $700 Million to STEM Education, Training African Youths The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has stated that the bank has allocated $700 million towards education and skills development. He said that the bank was also supporting 4,000 tertiary education...