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...

REA Secures World Bank, AfDB Funds For Power Projects         The Rural Electrification Agency has secured funding from the World Bank and the African Development Bank for the development of power projects in universities and teaching hospitals. The Managing Director of REA, Ahmad Salihijo, disclosed this at...

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...

Bol, AfDB, IFAD Approve $2bn For Nigeria’s Agric Project         The Bank of Industry (BoI), African Development Bank (AfDB) and International Fund for Agricultural Development (IFAD) have okayed $2 billion loan to reduce poverty, end hunger and increase resilience to climate change in rural communities around...

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 Develops 3-year Project For Revenue Generation In Extractive Industry           The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual...