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Tag: AfDB

Investment

North-East Nigeria tops AfDB’s projects while South-East lags behind

The North-East emerged as the biggest clearly identifiable regional beneficiary of African Development Bank-backed projects in Nigeria, while South-East infrastructure projects lagged in disbursement despite lean approvals. This is according to the AfDB’s 2025 Country Portfolio Performance Review for Nigeria, which assessed the bank’s project performance, disbursement trends and implementation challenges as of December 2025. […]

Appointments

AfDB appoints Keyamo as African champion for $7bn aviation programme

The African Development Bank has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as the African champion for its newly unveiled Integrated Aviation Transformation Programme for Africa, a $7bn initiative aimed at repositioning the continent’s aviation industry. Nairametrics reported that, according to the letter of appointment on Wednesday, the appointment follows what it […]

Opinion

Africa can save $299bn annually via better investment efficiency — AfDB

The African Development Bank has stated that African countries could save as much as $299 billion annually through improved public investment efficiency while unlocking trillions of dollars in development financing through stronger reforms and better domestic resource mobilisation. Nairametrics reported that the disclosure was contained in the 2026 African Economic Outlook report released during the […]

Business

AfDB approves $61m facility to support women-led MSMEs in Nigeria

The African Development Bank Group has approved a $61 million financing package for the Development Bank of Nigeria to boost access to affordable loans for women-owned and women-led micro, small and medium enterprises across Nigeria. The disclosure was contained in a statement published on the bank’s website on Friday. According to AfDB, the funding is […]

AfDB, ECOWAS sign $12m agreement to boost Rice production
Business

AfDB approves $5.52m grant to boost W’African tax systems

The African Development Bank Group has approved a $5.52 million grant to strengthen tax administration and boost domestic revenue mobilization in Nigeria and other West African countries. The announcement was made in a weekend statement confirming the signing of a grant agreement between the bank and the West African Tax Administration Forum. The initiative aims […]

Investment

AfDB approves $200m loan for Nigeria’s climate-smart agriculture boost

The African Development Bank Group has approved a $200 million loan to Nigeria to support climate-smart and technology-driven agriculture. The approval was disclosed in a statement by the Bank. The financing aims to strengthen food security, boost productivity, and improve agricultural value chains. The loan will fund the second phase of the Federal Government’s National […]

featured Finance

AfDB approves $500m loan for Nigeria energy transition support

The African Development Bank Group announced on Wednesday that it has approved a $500 million loan facility for Nigeria. This substantial funding is specifically designated to support the second phase of the country’s economic governance and energy transition support programme. This facility is designed to bolster Nigeria’s comprehensive efforts to modernize its electricity infrastructure, significantly […]

Business

AfDB approves $22.8m grant to boost Mozambique’s food security

Mozambique is set to receive a $22.8 million agricultural grant from the African Development Bank to tackle rising food insecurity and malnutrition amid increasing climate-related challenges. The East African nation, home to over 35 million people, currently produces only half of the rice it consumes annually, around 600,000 tons, making it heavily reliant on imports […]

FG signs €995m deal to boost Nigerian agriculture sector
Agribusiness

Nigeria secures AfDB funding for agricultural expansion

The Federal Government has secured an enhanced funding commitment from the African Development Bank to operationalize the second phase of the Special Agro-Industrial Processing Zones. This project aims to scale up climate-resilient infrastructure and inclusive agro-industrial growth across 24 states, expanding from the initial eight states and the Federal Capital Territory. The SAPZ Phase 2 […]

Appointments featured

Sidi Ould Tah sworn in as new AfDB president

The swearing-in ceremony of Dr. Sidi Ould Tah as the 9th President of the African Development Bank Group commenced on Monday morning at the Sofitel Abidjan Hôtel Ivoire in Abidjan, Côte d’Ivoire. The event marked a significant leadership transition for the Bank, ushering in a new chapter under Dr. Tah’s stewardship. According to AFDB on […]

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