Africa

Ololade Omosan-Agie Access Bank Plc has announced the acquisition of 78.15 per cent stake in African Banking Corporation of Botswana Limited. In a statement released to the Nigerian Exchange Limited and investing public signed by its company secretary, Sunday Ekwochi, the bank said the acquisition would form part of the …

Ololade Omosan-Agie The African Development Bank said it will support the Federal Government efforts, being led by Vice President Yemi Osinbajo, on the Digital Nigeria, stating that it is preparing investment in Digital and Creative Enterprises (I-DICE) program,with the sum of $600m The investment, according to the Bank, will be …

Ebuka Daniel African Development Bank President, Dr Akinwumi Adesina has named debt service cost and poor foreign exchange policies as the major setback to the country’s economic growth. He said these underlying issues call for the need to fix the country’s economic structure. The AfDB President said these on Monday …

Ebuka Daniel The African Development Bank President Dr Akinwumi Adesina has said that a concerted effort to change the narrative on Africa in the United States is necessary to attract increased investments into the continent. He said the need for advocacy in the United States made having an African Development …

Oluwasina Phillip The African Development Bank is pleased to announce the appointment of Dr. Souley Amadou as General Counsel and Director of the Legal Service Department, effective 1st November 2021. A transactional lawyer, Dr. Souley Amadou has over 25 years of substantive legal work experience, including over 20 years spent …

Oluwasina Phillip The President of the African Development Bank, Dr Akinwumi Adesina, says Africa needs $425bn in additional gross financing by 2030. He said this in a statement announcing that the Africa Investment Forum was set to host its 2021 Market Days in Abidjan, Côte d’Ivoire. Adesina said, “We look …

Ebuka Daniel The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction …

oluwasina Phillip The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, has received the Leadership Person of the Year award from the Leadership Newspaper Group in Nigeria. The award was given “in recognition of his impeccable public service record and extra-ordinary accomplishments in driving the growth and development of the …

The African Development Bank has disclosed plans to spend the sum of $700 million to support livestock development projects across African countries. President of African Development Bank, (AfDB), Akinwunmi Adesina, made this known, on Tuesday, in Uyo, Akwa Ibom State, where the Executive Secretary of the Tertiary Education Trust Fund …

Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group. This is the first investment made by FEDA, a development impact-oriented subsidiary of Afreximbank, which provides equity and quasi-equity …