AfDB to support tech-based MSMEs with $500m – Osinbajo
Aug. 9, 2021 Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises (MSMEs), especially technology-based ones with 500 million dollars…
COVID-19: Focus on vaccine production, access – Akinwumi urges African leaders
June 23, 2021 Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) has again urged regional leaders to focus on vaccine production and access for the African continent as…
Enugu-Cameroon highway project to be completed this year, constructuon of Abidjan-Lagos corridor to begin in 24 months – AfDB
June 21, 2021 The African Development Bank (AfDB) says the 430 million dollars highway project linking Enugu to Bamenda in Cameroon will be completed this year. The bank, in a…
Covid-19: African countries win the race against time with testing laboratories, increased daily testing capacity
June 19, 2021 In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread…
Agric/Infrastructure: Senate Approves $1.5bn, €995m External Loans For FG, States
April 21, 2021 The Senate has approved the sums of $1.5billion and €995million external loans for the Federal and State Governments. The Red Chambers gave the approval after considering the…
AfDB working with global, African stakeholders to articulate 2030 vision for Africa’s Pharmaceutical IndustryÂ
April 16, 2021 As African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscoring the need to increase local production of…
African presidents and global leaders support bold action on climate change adaptation for Africa
In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize…
Increase debt suspension arrangements to offer low-income, middle-income countries fiscal space – Heads of state
Several heads of state and government, the United Nations and heads of multilateral development finance institutions on Monday called for expansion of the Debt Service Suspension Initiative, under which low-income…
Lagos accounts for 12.15% of debt stock as FG, States’ debt profile rise to N32.92trn in Q4, 2020 – NBS
The National Bureau of Statistics (NBS) says Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion. This was contained in its Nigerian Domestic and Foreign…
Africa set to recover from worst economic recession in half a century
Africa is set to recover from its worst recession in half a century. Real GDP is projected to grow by 3.4% in 2021 after contracting by an estimated 2.1% in…