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Osinbajo launches AfDB-funded $258m northeast recovery intervention

Osinbajo launches AfDB-funded $258m northeast recovery intervention

The African Development Bank and the Federal Government have launched the Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme – a $258million comprehensive multisectoral intervention aimed at bolstering rehabilitation efforts in north-eastern Nigeria. According to a statement by the AfDB, Nigeria’s Vice President Yemi Osinbajo launched the program at the bank’s premises in Abuja. The […] …

AfDB approves $7.24bn for 2019 borrowing programme

AfDB approves $7.24bn for 2019 borrowing programme

The Board of the African Development Bank (AfDB) has approved $7.24 billion for institution’s 2019 borrowing programme to be raised from the capital markets. The bank’s Treasurer, Hassatou N’Sele, said the continental bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances […]
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Africa50, EFI launch report on Africa natural gas

Uche Usim, Abuja The Africa50, an infrastructure investment platform founded by the African Development Bank and African States, in partnership with Energy Futures Initiative (EFI), has announced the United States launch of the gas report on “Investing in Natural Gas for Africans: Doing Good and Doing Well” at a ceremony held recently at the Atlantic […]
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Nigeria quits 90 foreign groups over economic agenda

Nigeria quits 90 foreign groups over economic agenda

Isaac Anumihe, Abuja Federal Government has announced that it has disengaged from the membership of over  90 organisations that are not relevant to the economic policy of the President Muhammadu Buhari administration. Speaking at a workshop organised by the African Trade Insurance (ATI) agency in Abuja, the Minister of Finance, Ms Zainab Ahmed, said the government came to […]
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China, Nigeria, 33 others sign bilateral agreements

China, Nigeria, 33 others sign bilateral agreements

China has signed bilateral agreement with Nigeria and 33 other countries regarding the promotion and protection of investments, the Director-General, Regional Procurement, African Development Bank (AfDB), Baba Imora Abdullahi, has said. Abdullahi, who stated this yesterday at the African Economic Merit Award in Abuja, said  China’s support to Africa’s development through the AfDB was being […] …

SMEs financing: Fidelity Bank gets $50m lifeline from AFDB

SMEs financing: Fidelity Bank gets $50m lifeline from AFDB

The African Development Bank (AfDB), has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium enterprises financing. READ ALSO: Banks that stay focused on core business’ll remain profitable –Okonkwo, Fidelity Bank boss The money is also meant to support women-owned enterprises in selected transformative sectors, including close to […]
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AfDB partners Afreximbank to support SMEs in Nigeria

AfDB partners Afreximbank to support SMEs in Nigeria

Ayo Alonge The African Development Bank (AfDB) has pledged to provide a $500,000 grant under its African Private Sector Assistance (FAPA) programme. The grant will tilt towards supporting small and medium businesses in Africa. The bank signed an agreement to formalise the proposed grant during the recently concluded Annual General Meetings (AGMs) and 25th anniversary […]
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Don’t ignore Africa, AfDB warns

Don’t ignore Africa, AfDB warns

NAN The African Development Bank (AfDB) has warned that Africa cannot be ignored in the world, given the size of its markets, growth, and huge potential across multiple sectors. President of AfDB, Dr. Akinwumi Adesina, delivered the message at a public and private sector investor roundtable in Calgary, Canada, where he said: “We want to […]
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