Nigeria Secures $210m AfDB Loan To Boost Agriculture   The African Development Bank’s Board of Directors announced on Tuesday the approval of a $210m loan for Nigeria’s Special Agro-Industrial Processing Zones, which it said would boost the agricultural sector. The AfDB said in a statement, “A $210m...

AfDB Appoints New Communication Director       The African Development Bank Group has appointed Mr Solomon Mugera as Director, Communication and External Relations, effective October 1, 2021. The bank said in a statement that Mugera, a Kenyan national, would contribute to building financial and political support for the...

AfDB, European Bank To Bridge $2.5tn Africa’s Financing Gap       The African Development Bank Group and the European Bank for Reconstruction and Development on Monday signed a Memorandum of Understanding to promote sustainable private sector development in Africa. In a statement issued by its Communication and External...

InfraCredit Completes Drawdown Of AfDB’s $10m Loan Agreement     InfraCredit, an ‘AAA’ rated specialised infrastructure credit guarantee institution, says it has completed the drawdown of $10m subordinated unsecured 10-year facility under the subordinated loan agreement with the African Development Bank, an international financial institution and multilateral...

Ekiti Solicits AfDB’s Support For Road Construction, Others   The Ekiti State government says the African Development Bank has expressed its readiness to provide technical and financial support to the state to upgrade its infrastructure, including fixing the Ado Ekiti-Akure Road, which is currently in a...