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AfDB News - Page 5

Africa·Business·Finance & Economy·News·World News

Korea Pledges $28.6 Million Boost to Africa’s Development

In a move hailed as a testament to the enduring partnership between Korea and Africa, the African Development Bank and the Government of Korea have inked two groundbreaking agreements worth a combined $28.6 million. The signings took place during the 7th Korea-Africa

September 16, 2023

AfDB Urges Action As Nigeria, African Nations Face $74bn Debt Burden

Africa·Business·News·World News

AfDB Commits $1 Billion In African Youth For Climate Solutions

The African Development Bank (AfDB) has unveiled a $1 billion fund aimed at supercharging climate financing for youth-driven businesses across Africa. This new initiative, dubbed YouthAdapt, is set to transform the continent’s fight against climate change. AfDB President, Akinwumi Adesina, made the

September 7, 2023

Africa Banker Awards 2023: Full Nominees List

Africa·Business·News

Africa Needs Robust ‘Green Growth’ Financing To Avert 12% GDP Loss – AfDB

There are concerns over the potentiality of Africa losing 12 per cent of its Gross Domestic Product (GDP) by the year 2100 unless it mobilizes special and robust private financing to support Climate and Green growth on the continent. The African Development

April 20, 2023

Africa·Business·News

AfDB, EU, France Invest $300 million In Tanzania’s Hydropower Project

The government of Tanzania, the African Development Bank (AfDB), and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region

April 16, 2023

Agro-Economy

Buhari Lauds $538.05m Agric Intervention Funds In Africa By AfDB, IsDB, IFAD

Nigeria’s President, Muhammadu Buhari, has applauded the provision of $538.05 million by the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the International Fund for Agricultural Development (IFAD) for the first phase of the Special Agro-Industrial Processing Zones (SAPZ) for

January 26, 2023

Business·News

MCB Capital Markets Lists ‘ADBF’ On Botswana Stock Exchange

MCB Capital Markets, on Thursday, announced the secondary listing of the African Domestic Bond Fund (ADBF), a USD-denominated Exchange Traded Fund, on the Botswana Stock Exchange. The fund’s primary purpose is to promote the development of local currency capital markets in Africa

October 20, 2022

Business

Buhari’s Minister, Zainab Ahmed, AfDB’s Adesina Clash Over Nigeria’s Debt Problem

The Minister of Finance, Zainab Ahmed, and the President of the Africa Development Bank (AfDB), Akinwumi Adesina, both disagreed over Nigeria’s debt situation. Both Ahmed and Adesina spoke about Nigeria’s over N42 trillion debt at the Nigeria International Economic Partnership Forum in

September 23, 2022

Business

Investing In Nigeria Is Like Roses With Thorns – AfDB’s Akinwumi Adesina Says

President of the African Development Bank (AfDB), Akinwumi Adesina, said investing in Nigeria is risky, but investors shouldn’t let that discourage them from conducting business in the country. Adesina, however, said for investors to be encouraged, change must occur in the country,

September 23, 2022

News

African Devt Fund Approves $5.4m Grant For Food Security In Somalia

In response to crisis faced by millions of people in Somalia, the African Development Fund has approved $5.4 million as grant to support the building of urgently needed food security. The grant constitutes additional financing to the multinational Program to Build Resilience

July 24, 2022

Africa·Business

Zimbabwean Gov’t Turns To Nigerian Economist, AfDB’s Akinwumi Adesina To Revive Economy

Zimbabwean government will meet with Nigerian economist and African Development Bank (AfDB) Group president, Akinwumi Adesina, to discuss solutions to its economy downturn and debt problem. The problem with Zimbabwe? The country has been struggling with soaring inflation rate of 191%, that

July 12, 2022

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AfDB News - Page 5

Korea Pledges $28.6 Million Boost to Africa’s Development

AfDB Commits $1 Billion In African Youth For Climate Solutions

Africa Needs Robust ‘Green Growth’ Financing To Avert 12% GDP Loss – AfDB

AfDB, EU, France Invest $300 million In Tanzania’s Hydropower Project

Buhari Lauds $538.05m Agric Intervention Funds In Africa By AfDB, IsDB, IFAD

MCB Capital Markets Lists ‘ADBF’ On Botswana Stock Exchange

Buhari’s Minister, Zainab Ahmed, AfDB’s Adesina Clash Over Nigeria’s Debt Problem

Investing In Nigeria Is Like Roses With Thorns – AfDB’s Akinwumi Adesina Says

African Devt Fund Approves $5.4m Grant For Food Security In Somalia

Zimbabwean Gov’t Turns To Nigerian Economist, AfDB’s Akinwumi Adesina To Revive Economy

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