Dr Akinwumi Adesina, President of the African Development Bank (AfDB), has urged Nigeria to urgently transform its economy to become a developed country by 2050. Adesina made the call in a statement on Thursday, following his keynote address at Chapel Hill Denham’s 20th anniversary dinner. He said Nigeria must abandon …
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PRESIDENT of the African Development Bank (AfDB), Dr Akinwumi Adesina, has paid a courtesy visit to former President Muhammadu Buhari to express appreciation for his unwavering support during his tenure at the Bank. Adesina’s second term as AfDB President concludes in September. He said the visit was an opportunity to …
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THE African Development Bank (AfDB) has reiterated its commitment to boosting investments in Africa’s energy sector and scaling up climate financing through its newly launched, `Mission 300 initiative` ahead of COP30. AfDB Vice-President, Nnenna Nwabufo, made this known in a statement on the bank’s website at the 2025 Finance in …
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THE African Development Bank (AfDB) has officially shortlisted five candidates for its upcoming presidential election, scheduled for May 29, 2025. The selection, announced following a two-day meeting of the Board of Governors’ Steering Committee on February 11-12 in Abidjan, marks a crucial step in choosing the next leader of Africa’s …
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THE African Development Bank (AfDB) has contributed US$ 1 million from its Special Relief Fund to support emergency food response for flood-affected communities in Northeastern Nigeria especially those adversely affected by the devastating floods that hit Borno State in September 2024, A statement by the United Nations World Food Programme …
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THE Africa Investment Forum (AIF) 2024 secured $7.6 billion in investment interest for Nigeria. This was disclosed by Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), in a tweet following the conclusion of the event. “I am delighted the Africa Investment Forum 2024 mobilized $7.6 billion of investment …
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IN a significant move to tackle unemployment among young people in Côte d’Ivoire, the African Development Bank Group (AfDB) has approved loans totalling €139.68 million. This funding aims to foster youth entrepreneurship, boost job creation, and strengthen micro, small, and medium-sized enterprises (MSMEs) across key economic sectors. The package includes €126.32 million …
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THE African Development Bank (AfDB), has called for urgent structural reforms to tackle Africa’s deepening economic challenges that include currency depreciation, rising inflation and an escalating import bill. Its Vice-President for Economic Governance and Knowledge Management, Prof. Kevin Urama, told the News Agency of Nigeria (NAN) that global and local …
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CHINA Railway Construction Engineering Group has been slapped with a 12-month Conditional Non-Debarment penalty for ‘fraudulent’ practice in its tender for the first phase of the over £350 million Msalato International Airport (MSIA) project in Tanzania. The sanction, which was announced last week by the African Development Bank (AfDB), is …
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IN a significant boost to healthcare and education in Tanzania, the African Development Bank (AfDB) has approved a $75 million loan to fund the second phase of the Centre of Excellence for Skills and Tertiary Education in Biomedical Sciences. The project, aimed at building a leading institution for cardiovascular training …
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