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Tag: AfDB

AfDB, FCMB to boost SMEs, women enterprisea with $50m
News

AfDB, FCMB to boost SMEs, women enterprisea with $50m

  The African Development Bank and First City Monument Bank has reached an agreement to boost small and medium-sized enterprises and women-empowered businesses with a $50 million Line of Credit Agreement. According to The Nation, the proceeds of the line of credit will be used by FCMB to finance SMEs and WEBs in Nigeria’s agribusiness, […]

AFDB approves €29 million infrastructural fund for Senegal 
News

AFDB approves €29 million infrastructural fund for Senegal 

The African Development Bank approved a total of €29 million for improvements to the road and transport network linking six Senegalese municipalities. As obtained via the official website of the organization, the loan, which was approved on the 20th of September, 2022, is meant to support the construction of 28 kilometres of urban roads in […]

Nigeria needs debt relief - AfDB
News

Nigeria needs debt relief – AfDB

The President of the African Development Bank, Akinwumi Adesina has said that given the current debt situation of Nigeria, the country needs debt relief. According to The PUNCH, Adesina stated this at the Nigeria International Economic Partnership Forum in New York on Thursday. He explained that financing was important to addressing Nigeria’s development problems. He […]

Food security: AfDB, Cameroon govt set up €115.05m fund
Foods

Food security: AfDB, Cameroon govt set up €115.05m fund

Adeleke Alade The African Development Bank and the Cameroonian government are in collaboration to set up a €115.05 million fund for the development of Agricultural Value Chains. With financing of €115.05 million, the Agricultural Value Chain Development Project is 77.6% financed by the AfDB Group, 21.5% by the State of Cameroon and 0.9% by beneficiaries. […]

Nigeria needs debt relief - AfDB
News

Nigerian govt most difficult client, AfDB official reveals

A senior official of the African development bank, Prof. Banji Oyelaran-Oyeyinka, Tuesday, described the Federal Government as the bank’s most difficult client. Oyelaran-Oyeyinka who is a Senior Special Adviser to the President of the African Development Bank said this while delivering a keynote address at the 2022, 3rd Biennial African Scientific Integration Network Conference hosted […]

Nigeria needs debt relief - AfDB
Economy

AfDB predicts energy, food price hikes in Nigeria, others

The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy prices, and rising costs of food baskets, could worsen in Africa in the coming months. He said this as a guest at the Atlantic Council’s Africa Center while answering questions from the Council’s Africa Center […]

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