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...
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...
