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AFRICAN DEVELOPMENT BANK
The Federal Government has secured a renewed funding commitment from the African Development Bank (AfDB) to scale up the second phase of the Special Agro-Industrial Processing Zones (SAPZ).
African financial powerhouses have unveiled plans to mobilise more than $100 billion for green initiatives across the continent, in a bold push to drive sustainable economic growth and reposition Africa in the global climate economy.
Japan and the African Development Bank (AfDB) have announced a $5.5 billion financing framework to accelerate sustainable growth and infrastructure development across Africa, leveraging the Japan International Cooperation Agency’s (JICA) private sector investment finance as a catalyst.
I am writing to share four critical insights from my analysis of AfDB’s financial statements from 2005 to 2024 and to offer constructive suggestions for improvement.
The African Development Bank (AfDB) has said that the continent is losing more than $580 billion every year through corruption and illicit capital outflows, a loss that continues to undermine the continent’s economic progress and deepen its debt woes.
The African Development Bank (AfDB) has committed $1.2 million to fund a feasibility study on Nigeria’s Battery Energy Storage System (BESS), a project aimed at strengthening the national grid and accelerating the country’s transition to cleaner energy.
African Development Bank (AfDB) Group President Dr. Akinwumi Adesina has unveiled plans for a groundbreaking $500 million facility...
The African Development Bank (AfDB) has invested more than $8 billion in water infrastructure projects across 40 African...
The race to lead the African Development Bank (AfDB) has officially commenced with the release of the list of candidates vying for the prestigious role of president.
Nigerian President Bola Ahmed Tinubu has expressed strong support for the newly-launched African Credit Rating Agency (AfCRA), noting that it will provide fairer and more transparent credit assessments for African economies.
Africa50, a pan-African infrastructure investment platform, is set to launch the first region-wide investment vehicle dedicated to off-grid power companies, with plans to establish a $500 million fund to support climate-friendly projects across the continent, Bloomberg reported.
The African Development Bank (AfDB) and the U.S. Trade and Development Agency (USTDA) have extended their strategic partnership...