At World Environment Day, DBN Commits to Environmental Sustainability
The Development Bank of Nigeria (DBN) has reiterated its commitment to sustainability with a pledge to entrench positive environmental practices in its operations and amongst its stakeholders. The bank made this known at an event to...
AfDB, European Bank To Bridge $2.5tn Africa’s Financing Gap
The African Development Bank Group and the European Bank for Reconstruction and Development on Monday signed a Memorandum of Understanding to promote sustainable private sector development in Africa.
In a statement issued by its Communication and External...
AfDB To Invest $3bn In Africa’s Pharmaceutical Industry
The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years.
President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common...
AfDB, Afreximbank Reports Reveal $5bn Capital Outflow In 2020
The African Trade Finance Survey report has revealed that there were massive capital outflows from Africa, exceeding $5bn in the first quarter of 2020.
The report by the African Export-Import Bank, in collaboration with the United Nations...
DBN Appoints new Executive Director, Non-Executive Director.
The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointments of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively on the board of the...
Africa’s Climate Change Impact Rises To $50bn Annually
The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...
