AFDB

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The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa. This was disclosed during the signing ceremony for the Letter of Agreement…

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The African Development Bank (AfDB), has signed a 362,000 Euros grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund. The bank in a statement said the grant would prepare additional studies under the second-phase of…

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The African Development Bank has issued a two billion dollar five-year Global Benchmark bond due March 14, 2028. The continental bank revealed this in a statement, describing the bond as its first of the year. The bond was issued on…

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The African Development Bank has drawn $31 billion in investment interest from African and global investors. AfDB President, Dr Akinwumi Adesina, made the disclosure at the 2022 Africa Investment Forum Market Days, which ended at the…

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Oyo State Governor, Seyi Makinde, has expressed the state government's delight at the prospects and potentials of the African Development Bank (AFDB)'s special agro-processing zone project sited in the state. Makinde made this known…

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President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has called on Japanese businesses to invest more in Africa, noting that investment opportunities and returns in Africa were among the highest in the world. Adesina…

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The African Development Bank (AfDB) has revealed that the bank had invested $1 billion in special agro-industrial processing zones to prevent food losses. AfDB also announced that it is designing youth entrepreneurship investment banks…

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The President of the African Development Bank Group, Akinwumi Adesina, has said that Africa faces an infrastructure gap of between $68bn to $108bn annually. According to him, the bank had committed over $44bn to infrastructure across the…

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The African Development Bank (AfDB) has announced plans to spend over $1.5 billion dollars to avert food crisis sparked by the war in Ukraine. The AfDB Acting Chief Economist and Vice President, Professor Kevin Urama, who spoke during a…