BREAKING: Adesina Re-elected As AfDB President     Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank President for a second five-year term. The election took place electronically on Thursday at the virtual annual general meeting of the bank. Adesina’s reappointment on Thursday at...

AfDB To Partner FG On Agro Industrial Zones Development   The African Development Bank has resolved to partner the Federal Ministry of Agriculture and Rural Development to promote the special agro-industrial processing zones targeted at increasing food production capacity and promoting local, regional and international trade. This...

AfDB Seals $250m Deal For Region’s Trade Financing   African Development Bank (AfDB), in its push, to facilitate inter and intra Africa trade, and reduction of trade financing gap on the continent sealed a new deal worth $250-million. Tagged: “Risk Participation Agreement (RPA) facility, the continent’s largest...

Africa Imports $50bn Food Yearly   African countries import nearly $50bn net of food annually despite the continent holding 60 per cent of the world’s arable land, the African Development Bank (AfDB) has said. The bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, stated...

AfDB Solicits More Chinese Agric Investments In Africa The African Development Bank has met a private sector consortium from China in a bid to attract investment through partnerships in the development of Special Agro-Industrial Processing Zones across Africa. A statement from the ADB on Thursday further...

AfDB Identifies 14 Sites For Agro-industrial Processing Zones In Nigeria The African Development Bank (AfDB) has said that it has identified 14 sites for the proposed Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. Prof. Banji Oyelaran-Oyeyinka, Special Adviser on Industrialisation to AfDB’s President, Dr Akinwumi Adesina,...