AfDB Warns of Disaster if US Tariffs Spark Retaliatiry Measures President of the African Development Bank Group (AfDB), Akinwummi Adesina, has warned African countries not to impose retaliatory tariffs against the United States’ Government, as such an action could only bring disaster to their economy. Adesina...

AfDB and Interpol Join Forces to Combat Financial Crime   The African Development Bank Group (AfDB) has joined forces with the International Criminal Police Organisation (Interpol) to intensify the fight against corruption and financial crime. In a statement on Friday, it was revealed that AfDB was the...

Nigeria to Benefit from $4.4bn Agro-industrial Processing Zone Investment President of the African Development Bank, Akinwumi Adesina, has revealed that Nigeria will gain significantly from a $4.4bn investment aimed at expanding the Special Agro-Industrial Processing Zones across all 36 states and the Federal Capital Territory. In...

AfDB Expresses Concern Over Slow Progress of Nigeria's $210m Agro-Industrial Project   The African Development Bank (AfDB) has expressed dissatisfaction over the slow progress of the first phase of Nigeria’s Special Agro-Industrial Processing Zones project, raising concerns about the disbursement of the $210m loan allocated for...

Nigeria Attracts $7.6bn Investments at Africa Forum Nigeria has secured $7.6bn in investment interests at the Africa Investment Forum 2024, which took place in Rabat, Morocco, from December 4 to 6, 2024. The announcement was made by the President of the African Development Bank (AfDB), Akinwumi...

Housing Demand in Africa will Create $1.4trn Investment Opportunity by 2050 – AfDB President of African Development Bank (AfDB), Akinwumi Adesina, says Africa presents a unique investment opportunity that cannot be ignored. Adesina spoke at the opening ceremony of the 2024 Africa Investment Forum (AIF) Market...