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Africa

Nigeria, AfDB Sign Agreement To Replenish $500m Trust Fund

Nigeria and the African Development Bank (AfDB) have signed an agreement to replenish the Nigeria Trust Fund (NTF) with $500 million and extend its operation to 2040. The agreement signing ceremony was

Victor Ezeja

May 30, 2025

Nigerian Govt Reaffirms Commitment To Special Agro industrial Processing Zones (SAPZ ) Implementation

Agro-Economy·News

Nigerian Govt Reaffirms Commitment To Special Agro-industrial Processing Zones Implementation

The Nigerian government has organised a workshop at the African Development Bank (AfDB) Country Office, Abuja to Fastrack the implementation of the Special Agro-industrial Processing Zones (SAPZ-1) Programme. Minister of Finance and

Victor Ezeja

October 10, 2024

AfDB Pledges Support To Lagos Health Sector, Aims To Curb Nigeria’s $1bn Monthly Medical Tourism Loss

Africa·Business·News

AfDB To Match Italy’s $150m Funding For African Development

The African Development Bank (AfDB) has announced plans to match the $150 million in concessional loans and grants committed by Italy. This funding, aims to support development projects across Africa under Italy’s

Emmanuel Ochayi

June 18, 2024

AfDB Announces $1.44 Billion Investment In Nigeria's Infrastructure

Africa·Business·News

AfDB Announces $1.44 Billion Investment To Support Nigeria’s Infrastructure Development

The African Development Bank (AfDB) has committed $1.44 billion to boost Nigeria’s infrastructure. This investment will target the energy, power, transport, water, and sanitation sectors, as announced at the Nasarawa Investment Summit

Emmanuel Ochayi

May 25, 2024

President of the African Development Bank AfDB Akinwunmi Adesina

Africa·Business·News

$4tn Needed Annually To Achieve SDGs By 2030- Adesina

Dr. Akinwumi Adesina, President of the African Development Bank Group, has underlined that to accomplish the Sustainable Development Goals (SDGs) by 2030, a sizeable yearly expenditure of $4 trillion is needed. At

Emmanuel Ochayi

April 30, 2024

Africa·Business·News·World News

World Bank, AfDB Partner To Provide Electricity For 300 Million Africans By 2030

The World Bank and the African Development Bank (AfDB) have joined forces with a mission: to light up Africa. They aim to ensure electricity access for 300 million Africans by 2030. This

Emmanuel Ochayi

April 18, 2024

Africa·Business·News

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

The African Development Bank (AfDB) has injected a financial boost into Nigeria’s agricultural sector through a $75 million loan agreement with Indorama Eleme Fertilizer and Chemicals Limited, as announced on Thursday. The

Emmanuel Ochayi

April 5, 2024

AMA News

Africa Development Bank, US Govt Strengthen Strategic Partnership

ABIDJAN, Côte d’Ivoire, 25 March 2024, /African Media Agency/ – President of the African Development Bank Group, Dr. Akinwumi Adesina, has praised US President Joe Biden’s administration for its approach towards Africa

Prime Business Africa

March 25, 2024

Unlocking Africa's Timber Potential: AfDB's Second Webinar Shines Spotlight On Trade Flows And Trends

Events & Opportunities

Unlocking Africa’s Timber Potential: AfDB’s Second Webinar Shines Spotlight On Trade Flows, Trends

In a concerted effort to unlock the untapped potential within Africa's forestry sector, the African Development Bank (AfDB) is gearing up for its highly anticipated Second Webinar

Euphemia Ojukwu

March 12, 2024

Africa·Business·News

AfDB: Nigeria, Ghana Witnessing Slowest Economic Growth As West Africa Grapple With Sluggish Growth In 2024

The economic outlook for West Africa in 2024 presents a mixed bag of fortunes, with Ghana and Nigeria facing the brunt of sluggish growth compared to their regional counterparts. According to the

Emmanuel Ochayi

February 20, 2024

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Nigeria, AfDB Sign Agreement To Replenish $500m Trust Fund

Nigerian Govt Reaffirms Commitment To Special Agro-industrial Processing Zones Implementation

AfDB To Match Italy’s $150m Funding For African Development

AfDB Announces $1.44 Billion Investment To Support Nigeria’s Infrastructure Development

$4tn Needed Annually To Achieve SDGs By 2030- Adesina

World Bank, AfDB Partner To Provide Electricity For 300 Million Africans By 2030

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

Africa Development Bank, US Govt Strengthen Strategic Partnership

Unlocking Africa’s Timber Potential: AfDB’s Second Webinar Shines Spotlight On Trade Flows, Trends

AfDB: Nigeria, Ghana Witnessing Slowest Economic Growth As West Africa Grapple With Sluggish Growth In 2024

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