AfDB

The African Development Bank (AfDB) has deepened the retention capacity of CICA Re with the investment of €10 million in the firm. The investment will give the bank a 6.56-billion FCFA stake (approximately €10 million) in CICA-Re and…

The African Development Bank and United Cities and Local Governments, a global umbrella group for local and metropolitan governments, have announced the launch of a new program to build the capacity of municipal chief financial officers…

The African Development Bank Group is progressing with financial reforms that have helped it become stronger, more resilient, and better equipped in the wake of the Covid-19 crisis, the institution’s Senior Vice President Bajabulile Swazi…

Akinwumi Adesina, president, African Development Bank (AfDB), says the bank will support women-led businesses with $500 million this year. Adesina in a statement he posted on his verified Twitter handle, @akin_adesina, added that with the…

African Development Bank (AfDB) president, Akinwumi Adesina says about 250 million Africans including children, women and men live on empty stomach on a daily basis. This revelation was disclosed in an opinion piece titled, ‘It’s time to…

Nigeria's debt overhang is set to increase with the approval Thursday by the Senate of fresh $8,325,526,537.00 and Euro 490million being part of the 2018 – 2020 external borrowing (rolling) plan of the Federal Government. The request of…

The president of the African Development Bank(AfDB), President Akinwumi A. Adesina has made a clarion call for the need to invest massively in youth on the continent, saying they are in need of urgent attention. According to Adesina,…

The African Development Bank Group Wednesday announced the 36-month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021 for fraudulent practices. The debarment is the outcome of an investigation conducted by…

Nigeria government has entered into a partnership with the African Development Bank (AfDB) to roll out a Special-Agro Industrial Processing Zones (SAPZ) Programme aimed at concentrating agro-processing activities in demarcated areas to…

The African Development Bank(AfDB) has kicked-off the second phase of the West African Capital Markets Integration (WACMI) project to establish a common securities listing and trading platform across the sub-region bourses. The AfDB in…