Nigeria has signed a partnership agreement with the African Development Bank (AfDB) to modernise aviation infrastructure, improve regional connectivity and strengthen airline competitiveness across Africa. The agreement was signed on the sidelines of the 2026 Annual Meetings of the African Development Bank (AfDB) Group in Brazzaville on Thursday. Speaking at …
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African leaders have called for greater investment in energy, infrastructure, industrialisation and climate finance to accelerate the continent’s development and economic transformation. The leaders made the call during a presidential dialogue held at the 2026 Annual Meetings of the African Development Bank (AfDB) Group in Brazzaville. They emphasised the need …
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The Transmission Company of Nigeria (TCN), in collaboration with the African Development Bank (AfDB), has commenced the second phase of compensation for Alaoji–Onitsha transmission line project. The project is under the Resettlement Action Plan (RAP) and Livelihood Restoration Programme. Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs in a statement …
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The African Development Bank (AfDB) Group has approved a 200 million dollar financing facility for the Bank of Industry (BoI). The intervention is designed to support Nigeria’s industrial growth and strengthen private sector productivity across strategic sectors. The bank disclosed this in a statement issued on Friday in Abuja. Newsextra24 …
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THE African Development Bank (AfDB) has committed 40 million dollars to the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD), anchoring the Fund’s first close of 118 million dollars. AfDB Vice President for Private Sector, Infrastructure and Industrialisation, Mr Solomon Quaynor, made this announcement in a statement on …
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The African Development Bank (AfDB) is actively courting major Asian firms to establish mineral-processing operations across Africa—an initiative designed to keep more economic value on the continent, officials have confirmed. Solomon Quaynor, the AfDB’s Vice President for the Private Sector, Infrastructure and Industrialisation, disclosed the news while speaking on the sidelines …
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THE United Nations (UN) Secretary-General António Guterres has praised African Development Bank (AfDB) Group President Dr Akinwumi Adesina, for his efforts in ensuring the economic transformation of Africa. The bank said in a statement on Thursday, that Guterres relayed the message at the Bank’s 2025 Annual Meetings in Abidjan, Côte …
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PRESIDENT Bola Tinubu has hailed the election of Dr Sidi Tah as the ninth president of the African Development Bank (AfDB) Group. Tinubu congratulated President Mohamed El Ghazouani of Mauritania following Tah’s election at the AfDB’s Annual Meetings in Abidjan, Côte d’Ivoire, in a telephone conversation on Thursday. Mr Bayo …
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THE newly elected President of the African Development Bank (AfDB), Mr Sidi Ould Tah, has pledged to serve the continent with humility and a deep sense of duty. Tah said this in his acceptance speech delivered before African finance ministers, governors of the Bank, and dignitaries at the AfDB Annual …
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Dr Akinwumi Adesina, outgoing President of the African Development Bank (AfDB) says hundreds of million lives were directly impacted during his 10-year stewardship of the regional development bank. Adesina disclosed this on Monday during a Media Welcome Breakfast that marked the beginning of the 2025 Annual Meetings of the Bank …
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