AfDB Announces Largest Capital Increase Of $208bn   The African Development Bank on Thursday announced the largest capital increase in its history, with an almost 125 per cent jump from $93 billion to $208 billion. AfDB President, Akinwumi Adesina, hailed “a historic day” for the bank and...

Africa Not in Debt Crisis – AfDB As insinuations mount that China is heaping Africa with debt, Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has denied the alleged debt crisis in African countries. He spoke on the sidelines of the Forum on China-Africa...

Africa50 Mobilises Funds For $108b Yearly Infrastructure Gap Africa50 has emerged a key player in driving infrastructure investments with commercial rates of return in the region, in effort to bridge the continent’s infrastructure financing gap estimated at $108 billion, after two years operations. The infrastructure investment...

AfDB Approves $15m equity deal in AFSF The African Development Bank (AfDB) Board has approved a $15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa. It is also in line with its...

Nigeria Signs MoU with African Risk Capacity The Government of the Federal Republic of Nigeria has  in Busan, South Korea, on the sidelines of the ongoing AfDB Annual Meetings, signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to serve as a...

Emir Sanusi Outlines Path to Africa’s Development Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank,...