AfDB Okays $15m To Support Infrastructure Financing In Nigeria The Board of the African Development Bank has approved a $15m investment package for the Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital market in Nigeria. A statement from the bank,...

AfDB Approves $20m Equity Investment In Growth Fund The African Development Bank (AfDB) has approved a $20m equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners Limited, a private equity firm, focused on high growth middle market businesses across West...

W'Bank, AfDB Promise Nigeria, Others $47.5bn To Tackle Climate Change The World Bank and the African Development Bank said on Thursday that they would together commit $47.5bn by 2025 to help African countries tackle the effects of climate change. Despite contributing four per cent of the...

In Seven Years, AfDB Supports African Projects With $11.3bn   About 370 transformative bank projects valued at $11.3bn were embarked upon between 2010 and 2017 by the African Development Bank in the African region. In 2018, the bank approved innovative financial instruments on 65 projects in fifteen...

AfDB Okays $25m Equity Investment For Renewable Energy Projects The Board of Directors of the African Development Bank Group has approved an equity investment of up to $25m in ARCH Africa Renewable Power Fund, a $250m private equity fund for renewable energy projects in Nigeria...

AfDB Okays $14.12m To Support Nigeria’s ATI Membership The African Development Bank Group says it has approved a $14.12m facility to support Nigeria’s membership in the African Trade Insurance agency. In a statement made available to our correspondent in Abuja on Tuesday, the AfDB said Nigeria’s...