We’re developing investment banks for youth-owned businesses — AfDB
30/05/2022African Development Bank (AfDB) says it is designing financial institutions that will invest in businesses owned by youths. Akinwumi Adesina, President, AfDB,.
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Business & Economy
COVID-19 Stories
Recent Stories
Africa risks stagflation due to pandemic, Ukraine war – AfDB
26/05/2022Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of.
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Politics & Policy
Recent Stories
Why I will not run for Nigerian presidency – Adesina
18/05/2022The African Development Bank (AfDB) president has turned down calls to contest the upcoming Nigerian elections, arguing that his hands are full..
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Economy
Peace and Security
Recent Stories
Africa unveils new platform to cushion countries from Ukraine crisis shocks
12/05/2022African countries will be able to jointly procure essential commodities, whose supply has been affected by the Ukraine crisis, following the African.
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Business & Economy
Recent Stories
President Buhari Launches $19Billion Climate Fund Project, Solicits Support
11/05/2022On Monday, Nigeria’s President, Muhammadu Buhari, actuated a $19 Billion Fund to be channelled towards ecosystem restoration, tree planting, climate-resilient infrastructure, and.
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Development Stories
Energy
Recent Stories
AfDB Approves $5.5bn Fund for Desert to Power Energy Project
14/04/2022Development finance institution the African Development Bank’s (AfDB) concessional African Development Fund (ADF) has approved a $5.5-million technical assistance grant to kickstart.
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Money & Markets
African Development Bank to provide $7.2 billion for developing the Capital Market in Africa.
05/01/2019The growth of Africa’s economic landscape is made up of different sectors. While the recent increase in commodity sales, increase request for.
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Business & Economy
African Development Bank funds $410m power transmission expansion projects
16/12/2018The African Development Bank is funding four critical electricity transmission lines under the Nigeria Transmission Expansion Programme with a total sum of.
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Business & Economy
AfDB, Big Win Philanthropy, Dangote Foundation launch plan to improve child nutrition across Africa
05/12/2018Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that.
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Business & Economy
AfDB Approves U.S.$40 Million for Africa Infrastructure Investment Fund
17/11/2018The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of US$40 million in Africa Infrastructure.
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