AfDB News – Page 7 of 7 – Prime Business Africa

AFDB Moves To Support Africa Continental Free Trade Area Initiative

FOLLOWING the quest to deepen intra-African economic cooperation through trading, African Development Bank (AFDB) and the Secretariat of African Continental Free Trade Area (AfCFTA) have resolved to collaborate to facilitate long term growth of the content.

November 1, 2021

LCC: Lagos Obtained Approval For Loan Conversion Not Takeover

THE Lagos State Government has denied rumours that its House of Assembly approved the take over of Lekki Concession Company (LCC).

August 12, 2021

News

AfDB Extends $2.5m In Grant To Support Electricity Market

AFRICAN development bank has approved $2.5 million grant to promote intra-regional harmonization of electricity regulations and drive cross border trading among African countries. The Board of the African Bank Group will be sourcing the grants from the African Development Fund, Common Market

August 7, 2021

Agro-Economy·Entrepreneurship·News

AfDB bolsters women-empowered businesses with $50m loan to FCMB

The African Development Bank (AfDB) has announced the approval of a $50 million loan to Nigeria’s First City Monument Bank (FCMB) by its Board of Directors for local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. AfDB

July 8, 2021

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Agro-Economy·News

Africa’s Agribusinesses Face $100bn Annual Financing Gap

Agriculture is considered one of the critical sectors in a country’s economy. According to a 2020 World Bank report, the sector in 2018 accounted for 4 per cent of global Gross Domestic Product (GDP) and can also account for more than 25%

July 4, 2021

Agro-Economy·Events·News

Africa’s agribusiness to be worth $1trillion by 2025 – AfDB

Given Africa’s growing population (estimated to double in 30 years time), demanding that more healthy foods be produced to meet the consumption needs of the people, experts are increasingly emphasizing the need to scale up agricultural production, as there are seemingly massive

June 30, 2021

President of the African Development Bank AfDB Akinwunmi Adesina

News

Africa loses $1bn yearly to medical tourism – Adesina

Failing to develop Africa’s healthcare system but embarking on medical tourism to advanced countries, Africa’s leaders are costing the continent $1billion yearly. This assertion was made by the President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, at the virtual Annual

June 25, 2021

Events·Finance & Economy·News

COVID-19: African economies now more vulnerable to debt traps

Vaccine equity will help solve Africa’s rising debt issue – AfDB On the back of the COVID-19 pandemic, many African countries are now more vulnerable to debt traps than ever. This was the position canvassed by the Director-General of the World Trade

June 23, 2021

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AfDB News - Page 7

AFDB Moves To Support Africa Continental Free Trade Area Initiative

LCC: Lagos Obtained Approval For Loan Conversion Not Takeover

AfDB Extends $2.5m In Grant To Support Electricity Market

AfDB bolsters women-empowered businesses with $50m loan to FCMB

Africa’s Agribusinesses Face $100bn Annual Financing Gap

Africa’s agribusiness to be worth $1trillion by 2025 – AfDB

Africa loses $1bn yearly to medical tourism – Adesina

COVID-19: African economies now more vulnerable to debt traps

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