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AfDB News

AfDB, NIDCOM Partner To Empower Youth, Trafficking Survivors Through Agribusiness

The African Development Bank (AfDB) and the Nigerians in Diaspora Commission (NIDCOM) have pledged strategic collaboration to enhance access to finance and create agribusiness opportunities for Nigerian youth, women, and survivors of human trafficking. This resolution emerged during a high-level policy dialogue

August 6, 2025

News

Shettima, Adesina, Makinde Flag Off Ijaiye Agribusiness Hub in Oyo

The Vice President of Nigeria, Senator Kashim Shettima, President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, and Oyo State Governor, Seyi Makinde, on Saturday jointly launched the Ijaiye Agribusiness Industrial Hub in Oyo State under the Special Agro-Industrial Processing Zone

August 4, 2025

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 done by Nigeria’s Minister of Finance and Coordinating Minister of

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 Coordinating Minister of the Economy, Mr Wale Edun, revealed that

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 Mattei Plan for Africa. In a statement on its website,

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 2024. Akinwunmi Adesina, President of AfDB, made this announcement via

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 the 50th anniversary celebrations of the Islamic Development Bank in

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 initiative, announced during the World Bank’s Spring Meetings in Washington

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 loan aims to facilitate the expansion of Indorama’s fertilizer production

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 particularly its emphasis on the development of quality infrastructure, which

March 25, 2024

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AfDB News

AfDB, NIDCOM Partner To Empower Youth, Trafficking Survivors Through Agribusiness

Shettima, Adesina, Makinde Flag Off Ijaiye Agribusiness Hub in Oyo

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

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