Tag: AfDB
600m people lack access to electricity in Africa – Adesina
Abuja, Aug. 7, 2025 (NAN) Dr Akinwumi Adesina has said that Africa has some of the largest renewable energy sources, yet 600 million people...
Dangote Refinery signals Africa’s business viability – AfDB
Abuja, Aug. 7, 2025 (NAN) Dr Akinwumi Adesina has said that the 24 billion dollars Dangote Petrochemicals Complex in Lagos signalled Africa’s potential to...
Nigeria’s Electric Vehicle Revolution Gains Momentum: SAGLEV Hosts High-Profile Visits
In a significant boost to Nigeria's green industrialization efforts, SAGLEV Electromobility Company Limited, the country's pioneering electric vehicle (EV) assembler and manufacturer, is set...
AfDB to assist 30 SMEs scale up circular economy initiatives
The African Development Bank (AfDB)-supported AfriCircular Innovators Programme has selected 30 Small and Medium Enterprises (SMEs) to receive financing and technical assistance to scale...
SEC partners AfDB to boost Nigeria’s green finance leadership
The Securities and Exchange Commission (SEC), in collaboration with the African Development Bank (AfDB), is enhancing Nigeria’s role as Africa’s foremost hub for green...
Africa loses $15bn annually due to climate change — AfDB president
Dr Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa loses between seven billion dollars and 15 billion dollars annually due to...
AfDB approves increased capital of $117bn to support Nigeria, others
The Board of Governors of the African Development Bank (AfDB) Group, has approved a capital increase of 117 billion dollars to further support Nigeria...
Africa needs $402.2bn annually to boost structural transformation by 2030- AfDB
Africa needs to close a financing gap of about 402.2 billion dollars annually by 2030 to fast-track its structural transformation.
Dr Akinwumi Adesina, the president...
Africa loses $7bn to $15bn yearly to climate change- Adesina
Dr Akinwunmi Adesina, the Group President, African Development Bank (AfDB), said Africa is losing about seven to 15 billion dollars annually to the ravages...
AfDB invests $1.44bn in nigeria’s infrastructure
The African Development Bank (AfDB) has invested $1.44 billion in Nigeria to support the development of key infrastructure sectors including energy and power, transport,...
AfDB, American Bank Support IMF’s Groundbreaking Decision
The International Monetary Fund's (IMF) Executive Board has given its approval for the inclusion of hybrid capital as an eligible instrument to channel Special...
AfDB strengthens collaboration with CSOs
The African Development Bank (AfDB) says it is solidifying its partnership with civil society organizations (CSOs) in West Africa.
The AfDB, in a statement issued...
Japanese minister commends AfDB President Adesina, pledges support to Africa’s development
The Japanese Vice Minister of Finance, International Affairs, Masato Kanda, has reiterated the continued commitment of his country to partnering with the African Development...
Nigeria Excluded from Top 11 African Growth Projections for 2024: AfDB...
Addis Ababa, Ethiopia, February 19, 2024: Nigeria, Africa's most populous nation and largest economy, is conspicuously absent from the list of 11 African countries...
AfDB boss commends Nigerian govs on regional devt. approach
Addis-Ababa (Ethiopia) Nov. 18, 2023 (NAN) Seven newly elected Nigerian Governors visited the African Development Bank (AfDB) Group President, Akinwumi Adesina, in Abidjan to...
2023: Women group urges AfDB’s President Adesina to run for presidency
A group of women activists, under the aegis of “Women for Secured Nation”, has urged
the president of the African Development Bank (AfDB), Dr. Akinwumi...
AfDB provides $14m grant to boost food security in South Sudan
African Development Bank (AfDB) on Monday announced a 14 million U.S. dollar grant to boost food security, value addition and trade in South Sudan.
Benedict...
