AfDB Receives $668.1m As Concessional Loans From Japan       The Japan International Cooperation Agency and the African Development Fund, the concessional arm of the African Development Bank Group, have signed a loan agreement of $668.1m to support the 15th replenishment of the ADF (ADF-15). During a virtual...

AfDB Approves $7m For Mini-grid Programme         The African Development Bank (AfDB) has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA) for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid...

Africa Needs $108bn For Infrastructure Financing – Adesina         The President of the African Development Bank, Dr Akinwumi Adesina, has urged African leaders to tackle infrastructural challenges as an annual estimate of between $64 and $108bn is required to finance the infrastructural gap. According to a statement...

Africa’s Economy To Decline By 3.4% – AfDB       The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said Africa’s economy will decline by 3.4 percent this year. Adesina said this in his remarks after he was conferred with the fellow of the Chartered...

AfDB Approves $25bn For Agric Development In Nigeria, 4 Other African Countries         The African Development Bank Group (AfDB) has approved the investment of $25 billion to develop agriculture in Nigeria and four other African countries. President, AfDB, Dr. Akinwumi Adesina, disclosed this at a virtual conference...

AfDB Offers Nigeria, Others $10bn Facility     The African Development Bank Group on Wednesday said it had created a COVID-19 response facility up to $10bn to assist regional member countries in fighting the pandemic. It said the facility was the latest measure taken by the bank to...