Dangers of opaque loans tied to natural resources by Nigeria, others – AfDB chief
The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones…
Africa accounts for just 3% of the total US$ 25.3 trn global trade – Adesina
Dec. 6, 2023 The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa accounts for just 3 per cent of the total US$ 25.3 trillion global trade and…
Food insecurity in Africa should be overcome in five years – AfDB
September 23, 2023 Programs supported by the African Development Bank (AfDB) in over 30 African countries have helped produce some $12 billion worth of food, and the bank’s $25 billion…
How Tinubu can grow economy, unite the nation – AfDB President Adesina
Dr Akinwumi Adesina, President, African Development Bank, has urged President-elect Bola Tinubu to ensure inclusiveness, fairness, equity, and justice when he assumes office. . Adesina, who spoke at a Lecture …
Nigeria keeps borrowing for what shouldn’t be borrowed for, fuel subsidy killing Nigeria’s economy- Adesina
May 27, 2023 The President of the African Development Bank, Dr Akinwumi Adesina has decried the fuel subsidy regime by the Federal Government, saying it only benefits the rich. Channels…
Nigeria’s economy, other African countries to grow by 4.1% amid crises – AfDB projects
May 25, 2023 The African Development Bank (AfDB) says Nigeria and other economies of Africa is projected to grow by 4.1 per cent in 2023 and 4.3 per cent in…
African GDP growth to edge up in 2023 despite South Africa slide -AfDB
May 24, 2023 Africa’s economic growth is set to edge upwards in 2023 and 2024 amid tighter global monetary policy and the fallout from Russia’s invasion of Ukraine, but South…
Africa deserves right to use natural gas reserves – AfDB
Nov. 16, 2022 The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, African Development Bank (AfDB) president…
OSINBAJO, FORMER COLOMBIA PRESIDENT, AFDB LEAD NEW JOBS CREATION EFFORT WITH IMMINENT LAUNCH OF BILLION DOLLARS CARBON MARKET IN AFRICA
October 31, 2022 The Federal Government is now pioneering a voluntary billion dollars’ worth Carbon Market on the continent, a new and innovative Climate Change solution which will create, over…
Climate change: Britain, Norway, France, Denmark announced $55m in new contributions on Monday
September 6, 2022 …AfDB wants the world’s big polluters to step in African leaders on Monday called on their counterparts from richer, polluting nations to increase funding for projects to help…