AFRICAN Development Bank (AfDB) officials have promised that the $430m Enugu to Bamenda highway linking Nigeria and Cameroon by road will be completed later this year opening up the economies of both countries to each other.
Despite being neighbours, transportation links between Nigeria and Cameroon are very poor, inhibiting...
FORMER president Chief Olusegun Obasanjo has mooted fielding the current head of the African Development bank (AfDB) Dr Akinwumi Adesina as presidential candidate in the 2023 Nigerian elections.
Dr Adesina, 61, who served as Nigeria's agriculture minister between 2011 and 2015, was elected as the AfDB president in 2015 and...
NIGERIA'S Presidential Economic Advisory Council (Peac) has revealed that the country needs at least $1.6trn worth of investment over the next 10 years to achieve its poverty reduction goals.
Currently the country with the highest number of people living in poverty worldwide, Nigeria has about 80m of its citizens surviving...
NIGERIA'S Debt Management Office (DMO) has warned that the federal government is storing up problems for the future with its increased borrowing from the Central Bank of Nigeria (CBN).
As of December 2020, Nigeria's public debt was N32.9trn ($86.3bn) according to the most recent official data available. Of this total, ...
PRESIDENT Muhammadu Buhari has approved the appointment of Nigerian Dr Mahmoud Isa-Dutse as an executive director on the board of the Islamic Development Bank (IsDB) based in the Saudi Arabian city of Jedda.
Dr Dutse is the immediate past permanent secretary of the Federal Ministry of Finance, Budget and National Planning....
EGYPT has stepped up its ongoing campaign to become Africa's largest solar energy producer by taking out a $27.2m loan from the African Development Bank (AfDB) to build a new power plant at Kom Ombo along the River Nile.
Last year, Egypt added 581MW to its national solar power capacity, representing an almost fourfold...
AFRICAN Development Bank (AfDB) president Dr Akinwunmi Adesina has warned that the continent desperately needs debt relief and fair access to one of the coronavirus vaccine if it is to overcome the economic fallout of the pandemic.
Since the outbreak if the Covid-19 pandemic just over a year ago, African economies have been...
CONTINENTAL lender the African Development Bank (AfDB) is partnering with several stakeholders to design a pan-African private equity fund for agriculture to be known as the Fund for Agricultural Finance in Africa (Fafina).
Currently Africa’s premier development finance institution, the AfDB comprises of 54 regional and 27...
CONTINENTAL lender the African Development Bank (AfDB) was been selected as the best issuer in the year in an online poll for coming up with the idea of a $3bn dollar-denominated Covid-19 social bond issued on March 27.
As a result of the global coronavirus pandemic, Africa has been hit hard as most of her countries have...
NIGERIA's former agriculture minister Dr Akinwunmi Adesina has been sworn-in for a second term in office as the president of the African Development Bank (AfDB) after recently being elected unopposed.
Dr Adesina was re-elected on August 27, after getting a 100% vote of all regional and non-regional members of the Bank. a...
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