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AfDB approves Malawi’s economic strategy

The African Development Bank has approved its Country Strategy Paper for Malawi for 2018-2022 to boost economic diversification, reduce dependency on rain-fed agriculture and build resilience for growth in the southern African nation.
Continue reading AfDB approves Malawi’s economic strategy at Vanguard News. …

ABUAD to honour AfDB boss, Channels TV CEO

THE Afe Babalola University, Ado Ekiti, ABUAD, is to confer Doctor of Letters (LLD) honourary degree on the former Minister of Agriculture and President African Development Bank, AfDB, Dr. Akinwumi Adesina and the Chief Executive Officer of Channels Television, Mr. John Momoh to appreciate their contributions to nation building.
Continue reading ABUAD to honour AfDB boss, Channels TV CEO at Vanguard News. …

AfDB invests $24b in African agriculture to reduce world hunger

AfDB invests $24b in African agriculture to reduce world hunger

The African Development Bank will be investing $24 billion in the African agriculture sector over the next 10 years to lift one billion people out of hunger globally. Dr Akinwumi Adesina, AfDB President, who disclosed this on Wednesday at an agriculture conference at Purdue University, Indianapolis, challenged global partners to join hands to lift one […] …

AfDB boosts jobs with $2m for youths

AfDB boosts jobs with $2m for youths

The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly  $2 million to its Jobs for Youth in Africa initiative. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance theRead More …

AfDB releases new tool to assess resilience, fragility in countries

AfDB releases new tool to assess resilience, fragility in countries

African 1Development Bank (AfDB) has created a  tool to tackle fragility in countries, taking into account their capacities and pressure. The tool, known as Country Resilience and Fragility Assessment (CRFA), uses seven key criteria: political inclusiveness, safety and security, justice, the economy, social cohesion, the regional contagion effect, and climate change. “The creation of theRead More
The post AfDB releases new tool to assess resilience, fragility in countries appeared first on The Nation Nigeria. …

AfDB approves policy on Non-sovereign Operations

AfDB approves policy on Non-sovereign Operations

The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility requirements on non-concessional terms.
Continue reading AfDB approves policy on Non-sovereign Operations at Vanguard News. …

AfDB approves $15m equity fund for SMEs

AfDB approves $15m equity fund for SMEs

The Board of Directors of the African Development Bank has approved a $15 million equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in Anglophone West Africa including Nigeria, Ghana, Liberia, Sierra Leone and the Gambia. The Fund’s investments will be inRead More
The post AfDB approves $15m equity fund for SMEs appeared first on The Nation Nigeria. …

AfDB unveils $58m off-grid energy access fund

African Development Bank (AfDB) has unveiled its $58 million Off-Grid Energy Access Fund (OGEF), targeted at funding projects initiated by Nordic Development Fund, Global Environment Facility, Calvert Impact Capital and All On.
Continue reading AfDB unveils $58m off-grid energy access fund at Vanguard News. …

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