AEO 2020: Africa’s growth decline partly due to the moderate expansion of the continent’s “big five” – Report
For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and…
‘AfDB’s annual private sector investment lending jumps to $2bn in 10 years’
The African Development Bank (AfDB) Group says its annual private sector investment lending has increased from about 300 million dollars to two billion dollars in ten years. The bank’s Communication…
AfDB has $20bn investments’ portfolio in ECOWAS region – Adesina
The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released…
Tony Elumelu Entrepreneurship Programme gets $5m scale up grant approval from AfDB
The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its…
AfDB, Microsoft launch online tool to provide digital skills for African youths
The African Development Bank (AfDB) and Microsoft have inaugurated the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent. A…
AfDB approves $210m for Nigeria Transmission Expansion Project
The Board of Directors of the African Development Bank (AfDB) Group has approved 210 million dollars financing package for the Nigeria Transmission Expansion Project (NTEP1). The bank in a statement…
Border Closure: As long as Benin allow dumping of goods there will always be problem with Nigeria- Obasanjo
Former President, Chief Olusegun Obasanjo, has urged Nigeria’s west coast neighbour, Benin Republic, to change its ways for a harmonious bilateral relationship between the two countries. Obasanjo made the…
AfDB Group becomes a shareholder in AFC with $50m in equity
Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has announced that the African Development Bank Group, AfDB, Africa’s highest investment-grade rated (AAA with stable outlook)…
Africa sees improvements in visa openness – report
Africa has seen great improvements in visa openness as Africans can travel to more countries visa-free, according to the 2019 Africa Visa Openness Index released on Monday. For the first…
AfDB approves record capital boost of 125% to $208 billion to meet funding needs
AfDB President Akinwumi Adesina The African Development Bank’s board approved a 125 per cent capital increase to $208 billion on Thursday, the largest in the lender’s history, AfDB President…