The African Development Bank has decided to withdraw all its international staff from Ethiopia immediately. The office will remain open under an Officer-in-Charge. These measures will not affect nationally recruited staff from Ethiopia who will continue their work and remain in the full employment of the Bank. The Bank will …
Read More »Nigerian North West State Governors visit African Development Bank to boost cooperation
Seven newly elected Nigerian State Governors visited the African Development Bank Group in Abidjan to strengthen cooperation and unlock the country’s vast agricultural potential. The delegation, meeting with Bank President Dr Akinwumi Adesina, was led by Katsina State Governor Mallam Dikko Umar Radda, and included Governors Dr Nasiru Idris of …
Read More »Shettima arrives US for AfDB World Food Prize event
Nigeria’s Vice President Kashim Shettima, on Sunday, arrived in the United States for the African Development Bank’s World Food Prize. Shettima will participate in the AfDB World Food Prize-facilitated Norman E. Borlaug International Dialogue which will commence on October 24 in Iowa. This was contained in a statement by the …
Read More »West Africa: African Development Bank, Ecowas Bank for Investment and Development sign loan agreement for $50 million and €50 million to enhance regional food security
The African Development Bank Group and the ECOWAS Bank for Investment and Development (EBID) have signed an agreement for a dual currency line of credit comprising $50 million and €50 million to support local agricultural businesses in West Africa.Dr. George Agyekum Donkor, President and Chairman of the Board of Directors …
Read More »AfDB, Korea sign $28.6m pact to boost Africa’s development
The African Development Bank (AfDB) and the government of Korea have signed two agreements for financial support to boost Africa’s development agenda. The agreements were signed in Busan, South Korea last Wednesday, during the 7th Korea-Africa Economic Cooperation Ministerial Conference, which was co-hosted by the bank and Korea. The value …
Read More »Zambia to receive $150million Support from African Development Bank.
The African Development Bank Group has announced it will provide $150 million in budget support to Zambia. The support is part of the Bank’s commitment to help Zambia emerge from a successful $6.3 billion debt restructuring for bilateral debtors. Bank President, Dr. Akinwumi Adesina, made the announcement during a two-day …
Read More »Industrial Manufacturing can earn Nigeria ten times what it earns from oil dependence- Adesina
Nigeria needs to revolutionise its industrial sector to become an economic giant . Dr Akinwumi Adesina, President, African Development Bank made this declaration in his address to an audience gathered for Business Day Nigeria’s 2023 CEO Forum in Lagos recently. Akinwumi regretted that Nigeria is developing too slowly and far …
Read More »AfDB To Fund IPMAN’s Nationwide CNG Infrastructure Rollout
The projected mass rollout of Compressed Natural Gas (CNG) refilling outlets across all states of Nigeria is becoming a reality with seven banks ready to manage a revolving fund facility from the African Development Bank(AfDB), LEADERSHIP has reported. The National President of IPMAN , Elder Chinedu Okoronkwo confirmed to the …
Read More »African Devt Bank proposes ‘fast track’ compensation for Zimbabwe white ex-farmers
The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe’s government, the bank’s president said on Monday. Akinwumi Adesina’s announcement, which did not include details of the proposed instruments, comes …
Read More »Debt Clearance: Zimbabwe concludes meeting with Creditors and Development Partners
Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners. President Emmerson Mnangagwa of #Zimbabwe, Akinwumi Adesina, President of the African Development Bank, Joaquim A. Chissano, former President of #Mozambique, Constantino G. D. N. Chiwenga, Vice President of Zimbabwe, government ministers, development partners …
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