The African Development Bank is working on giving Nigeria loan facilities of $4.1bn between now and next year for critical sectors of the economy. The loans include $1bn at a concessionary interest rate of 1.2 per cent for Nigeria to address the 2016 budget deficit...

The President, African Development Bank, Mr. Akinwumi Adesina, says huge capital is available in Africa. Adesina, therefore, urged the continent’s governments to boost tax revenue and steer clear of international borrowing as the region grappled with its worst economic slump in more than a decade. Adesina...

For African countries to continue to remain resilient, they must not get into a debt crisis, the President of the African Development Bank, (AfDB), Dr Akinwumi Adesina, has said. Speaking at the opening session of the annual meetings of the bank in Lusaka, Zambia,  Adesina...