AFRICA Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, announced that it has signed a US$350 million long-term line of credit with the African Development Bank (AfDB). The agreement, which was signed during the ongoing 28th Conference of the Parties (COP 28), supports urgently needed financing for …
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THE Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an alternative source of long-term funding for infrastructure and the real sector in East Africa. Dhamana will be domiciled …
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THE Director-General, Nigeria’s Country Department, African Development Bank, Mr Lamin Barrow, on Friday, said the bank’s portfolio investments in Nigeria is one of the largest among the Regional Member Countries, with a total commitment value of $ 4.4bn. He stated this at the 2023 Country Portfolio Performance Review Workshop in …
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THE African Development Bank has said that phase two of the Special Agro-Industrial Processing Zones will revolutionize agricultural practices and shift Nigeria from an agrarian economy to an industrial society that is based on agribusiness. A statement made available to The PUNCH on Tuesday, and signed by AfDB said it …
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AFRICAN Securities Exchange Association aims at achieving $ 1.3 trillion Market capitalization through collaboration with African Development Bank. In a statement recently by AfDB, the collaboration would see Africa’s exchange linkage programme, AELP, expand from seven to 15. It said the funds would come from the Korea African Economic Cooperation …
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THE African Development Bank has drawn $31 billion in investment interest from African and global investors. In a statement issued by the Communication and External Relations unit of the AfDB, AfDB President, Dr Akinwumi Adesina, said this at the 2022 Africa Investment Forum Market Days, which ended on Friday. Adesina …
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THE African Development Bank, Islamic Development Bank, and the French Development Agency are investing $618 million in digital programmes in Nigeria. The programme, which is coined Digital and Creative Enterprises Program in Nigeria, will support the creation of 225 creative start-ups and create 6.1 million jobs. The AfDB president, Akinwumi …
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The African Development Bank (AfDB) Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. The Bank said the deal will enable African banks and their small and medium-sized enterprise (SME) clients to participate more in regional and international trade, aims at supporting …
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The African Development Bank (AfDB) has stated that its board of directors has approved the establishment of the African Pharmaceutical Technology Foundation. This was contained in a statement released on Monday by the African Development Bank (AfDB). The bank stated the new institution would significantly enhance Africa’s access to the …
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