Ololade Omosan-Agie A former President of the Republic of Ghana, John Mahama will be opening the 3rd annual edition of the African Economic Congress scheduled to hold virtually from 1st -3rd November 2021. The Founder/ Convener of the African Economic Congress, Nancy Nnaji said that the 2021 edition of the …
Read More »Access Bank acquires 78.15% stake in Botswana’s fifth largest bank
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 …
Read More »AfDB To Invest $600m In Digital Enterprises In Nigeria
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 …
Read More »AfDB President Urges FG TO Tackle Nigeria’s Debt Problem
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 …
Read More »Akinwumi Puts AfDB Infrastructure Investment At $40bn
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 …
Read More »AfDB Appoints Amadou As General Consul
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 …
Read More »Sub-Saharan Africa needs $425bn financing by 2030 – Adesina
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 …
Read More »AfDB Approves $50m Multinational Trade Agreement For Standard Chartered Bank
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 …
Read More »AfDB President Conferred With Leadership Person Of The Year Award 2020
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 …
Read More »AfDB to spend $700m on livestock development projects
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 …
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