AfDB Board Okays Over $1bn For Emergency Food Production Plan   The African Development Bank (AfDB) Group’s Board of Directors has approved 24, fast-track programmes to help the continent mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19...

Nigeria’s Economy To Grow By Average Of 3.2% By 2023 - AfDB African Development Bank (AfDB) has predicted that the Nigerian economy will grow by an average of 3.2 per cent between 2022 and 2023 amid low oil production and rising insecurity. AfBD explained this in...

W/Bank, AfDB Approved $2.83bn For Nigeria In 2021   The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021. However, the financing is not limited to the Nigerian government, as it also covers Nigerian agencies and firms. This was according...

AfDB Blacklists 40 Nigerian Firms, Individuals In Four Years   The African Development Bank has blacklisted at least 40 Nigerian firms and individuals for engaging in corrupt practices, fraud and collusive practices between 2017 and 2021, according to data obtained from the bank’s website. The AfDB said...

AfDB, Partners Mobilise $520m For Agro-industrial Zones In Nigeria       The Director-General of African Development Bank’s Nigeria Country Department, Lamin Barrow, has said the bank and its development partners are mobilising $520m to co-finance the first phase of Special Agro-industrial Processing Zones in Nigeria. According to a...

39 Million Africans May Fall Into Poverty This Year - AfDB President       President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has warned that another 39 million people in the continent could fall into poverty at the end of this year. Adesina stated this at...