AFDB – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 28 Feb 2026 10:59:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png AFDB – InfoStride News https://www.theinfostride.com 32 32 AfDB Group Mobilises Private Capital to Bridge Africa’s Financing Gap https://www.theinfostride.com/afdb-group-mobilises-private-capital-to-bridge-africas-financing-gap/ https://www.theinfostride.com/afdb-group-mobilises-private-capital-to-bridge-africas-financing-gap/#respond Sat, 28 Feb 2026 11:00:25 +0000 https://www.theinfostride.com/?p=474341 The African Development Bank Group has intensified efforts to mobilise private capital as part of a broader strategy to close Africa’s widening financing gap and accelerate sustainable economic development across the continent. The multilateral lender said leveraging private sector resources has become increasingly critical as public finances across many African countries come under pressure from [...]

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]]> https://www.theinfostride.com/afdb-group-mobilises-private-capital-to-bridge-africas-financing-gap/feed/ 0 Federal Government, AfDB Plan $100m Youth Bank to Empower Young Entrepreneurs https://www.theinfostride.com/federal-government-afdb-plan-100m-youth-bank-to-empower-young-entrepreneurs/ https://www.theinfostride.com/federal-government-afdb-plan-100m-youth-bank-to-empower-young-entrepreneurs/#respond Wed, 25 Feb 2026 11:06:07 +0000 https://www.theinfostride.com/?p=465825 The Federal Government of Nigeria, in collaboration with the African Development Bank (AfDB), has announced plans to establish a $100 million youth investment bank aimed at providing financial support and resources for young entrepreneurs across the country. The initiative is part of ongoing efforts to tackle unemployment and boost economic growth by nurturing youth-led businesses [...]

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]]> https://www.theinfostride.com/federal-government-afdb-plan-100m-youth-bank-to-empower-young-entrepreneurs/feed/ 0 FG, AfDB Join Forces with Saglev to Boost Electric Vehicle Production in Nigeria https://www.theinfostride.com/fg-afdb-join-forces-with-saglev-to-boost-electric-vehicle-production-in-nigeria/ https://www.theinfostride.com/fg-afdb-join-forces-with-saglev-to-boost-electric-vehicle-production-in-nigeria/#respond Wed, 28 Jan 2026 12:00:35 +0000 https://www.theinfostride.com/?p=463452 The Federal Government of Nigeria has partnered with the African Development Bank (AfDB) and indigenous electric vehicle company, Saglev Electromobility Nigeria Limited, to accelerate electric vehicle (EV) manufacturing and clean transportation infrastructure across the country. This collaboration is seen as a major step toward reducing carbon emissions, promoting sustainable mobility, and enhancing Nigeria’s local industrial [...]

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]]> https://www.theinfostride.com/fg-afdb-join-forces-with-saglev-to-boost-electric-vehicle-production-in-nigeria/feed/ 0 AfDB Commits $1.2 Million Grant to Strengthen Nigeria’s National Grid Stability https://www.theinfostride.com/afdb-commits-1-2-million-grant-to-strengthen-nigerias-national-grid-stability/ https://www.theinfostride.com/afdb-commits-1-2-million-grant-to-strengthen-nigerias-national-grid-stability/#respond Wed, 24 Dec 2025 09:20:49 +0000 https://www.theinfostride.com/?p=463610 The African Development Bank (AfDB) has pledged a $1.2 million grant to bolster the stability and resilience of Nigeria’s national electricity grid—a critical step toward reducing outages, improving distribution efficiency, and supporting long-term grid reliability. The grant, announced by AfDB officials and Nigeria’s Power Ministry, is earmarked for targeted interventions in grid monitoring, operational coordination, [...]

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]]> https://www.theinfostride.com/afdb-commits-1-2-million-grant-to-strengthen-nigerias-national-grid-stability/feed/ 0 AfDB Calls for Greater Donor Commitment to Strengthen Africa’s Climate Resilience https://www.theinfostride.com/afdb-calls-for-greater-donor-commitment-to-strengthen-africas-climate-resilience/ https://www.theinfostride.com/afdb-calls-for-greater-donor-commitment-to-strengthen-africas-climate-resilience/#respond Thu, 02 Oct 2025 13:21:38 +0000 https://www.theinfostride.com/?p=468079 The African Development Bank (AfDB) has renewed calls for stronger donor support to accelerate climate resilience initiatives across Africa, stressing that the continent remains disproportionately vulnerable to the impacts of climate change despite contributing the least to global greenhouse gas emissions. The appeal was made against the backdrop of escalating climate-induced challenges that threaten food [...]

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]]> https://www.theinfostride.com/afdb-calls-for-greater-donor-commitment-to-strengthen-africas-climate-resilience/feed/ 0 AfDB Invests $25m in TCX to Boost African Finance https://www.theinfostride.com/afdb-invests-25m-in-tcx-to-boost-african-finance/ https://www.theinfostride.com/afdb-invests-25m-in-tcx-to-boost-african-finance/#respond Sat, 20 Sep 2025 14:34:12 +0000 https://www.theinfostride.com/?p=466922 The African Development Bank (AfDB) has announced a $25 million equity investment into The Currency Exchange Fund (TCX), a global development finance initiative designed to provide local currency hedging solutions for emerging and frontier markets. This latest move is aimed at boosting Africa’s financial stability, reducing foreign exchange risks, and supporting sustainable development projects across [...]

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]]> https://www.theinfostride.com/afdb-invests-25m-in-tcx-to-boost-african-finance/feed/ 0 Mauritanian Tah elected AfDB’s ninth president https://www.theinfostride.com/mauritanian-tah-elected-afdbs-ninth-president/ https://www.theinfostride.com/mauritanian-tah-elected-afdbs-ninth-president/#respond Fri, 30 May 2025 14:22:38 +0000 https://www.theinfostride.com/?p=438266 Sidi Ould Tah of Mauritania has been elected as the ninth President of the African Development Bank (AfDB), marking a significant milestone for the continent’s leading financial institution. Tah’s election, which took place at the AfDB’s Annual Meetings in Abidjan, Côte d’Ivoire, saw him secure an overwhelming 76.18% of the vote in the third round [...]

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]]> https://www.theinfostride.com/mauritanian-tah-elected-afdbs-ninth-president/feed/ 0 AfDB Plans $230M Trade Finance Package for Access Bank https://www.theinfostride.com/afdb-plans-230m-trade-finance-package-for-access-bank/ https://www.theinfostride.com/afdb-plans-230m-trade-finance-package-for-access-bank/#respond Thu, 06 Mar 2025 23:13:48 +0000 https://www.theinfostride.com/?p=404688 The African Development Bank (AfDB) has announced plans to provide a $230 million trade finance package to Access Bank, aimed at boosting trade activities and supporting small and medium-sized enterprises (SMEs) in Nigeria. The funding is expected to enhance Access Bank’s capacity to provide trade finance solutions, particularly for businesses engaged in import and export [...]

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]]> https://www.theinfostride.com/afdb-plans-230m-trade-finance-package-for-access-bank/feed/ 0 Nigeria and Other African Countries Lose $1.6bn Daily to Illicit Financial Flows – AfDB https://www.theinfostride.com/nigeria-and-other-african-countries-lose-1-6bn-daily-to-illicit-financial-flows-afdb/ https://www.theinfostride.com/nigeria-and-other-african-countries-lose-1-6bn-daily-to-illicit-financial-flows-afdb/#respond Mon, 30 Dec 2024 17:43:06 +0000 https://www.theinfostride.com/?p=399238 The African Development Bank (AfDB) has revealed that African countries, including Nigeria, are losing an estimated $1.6 billion daily due to illicit financial flows (IFFs). These outflows, which include illegal tax evasion, corrupt practices, and the movement of illicit funds across borders, have detrimental effects on the continent’s economic stability, development prospects, and efforts to [...]

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]]> https://www.theinfostride.com/nigeria-and-other-african-countries-lose-1-6bn-daily-to-illicit-financial-flows-afdb/feed/ 0 AfDB Approves $30 Million for Solar Power Plants and Infrastructure Development https://www.theinfostride.com/afdb-approves-30-million-for-solar-power-plants-and-infrastructure-development/ https://www.theinfostride.com/afdb-approves-30-million-for-solar-power-plants-and-infrastructure-development/#respond Sun, 15 Dec 2024 22:27:04 +0000 https://www.theinfostride.com/?p=397751 The African Development Bank (AfDB) has approved a $30 million funding package to support the development of solar power plants and other critical infrastructure projects across Africa. The initiative is part of AfDB’s broader commitment to advancing renewable energy and sustainable development on the continent, addressing energy deficits while fostering economic growth. Boosting Renewable Energy [...]

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]]> https://www.theinfostride.com/afdb-approves-30-million-for-solar-power-plants-and-infrastructure-development/feed/ 0 AfDB’s Bold Move: $2 Billion for a Decade to Fuel Clean Cooking Across Africa https://www.theinfostride.com/afdbs-bold-move-2-billion-for-a-decade-to-fuel-clean-cooking-across-africa/ https://www.theinfostride.com/afdbs-bold-move-2-billion-for-a-decade-to-fuel-clean-cooking-across-africa/#respond Thu, 16 May 2024 20:06:53 +0000 https://www.theinfostride.com/?p=378145 The African Development Bank (AfDB) has made a significant commitment of $2 billion to promote clean cooking, with a particular focus on benefiting women and children throughout Africa. AfDB President, Akinwumi Adesina, announced this pledge during an International Energy Agency conference on clean cooking in Paris, France. Adesina highlighted that this pledge represents 20% of [...]

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]]> https://www.theinfostride.com/afdbs-bold-move-2-billion-for-a-decade-to-fuel-clean-cooking-across-africa/feed/ 0 World bank, AfDB eye $30 billion for electricity provision to 300 million Africans https://www.theinfostride.com/world-bank-afdb-eye-30-billion-for-electricity-provision-to-300-million-africans/ https://www.theinfostride.com/world-bank-afdb-eye-30-billion-for-electricity-provision-to-300-million-africans/#respond Sat, 20 Apr 2024 17:57:22 +0000 https://www.theinfostride.com/?p=376185 The World Bank and the African Development Bank (AfDB) have announced plans to partner to provide access to energy for 300 million Africans by 2030. The plan will cost around $30 billion and is to be funded by the World Bank through the International Development Association (IDA) and the AfDB together with governments across the [...]

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]]> https://www.theinfostride.com/world-bank-afdb-eye-30-billion-for-electricity-provision-to-300-million-africans/feed/ 0 Indorama to get $75 million from AfDB to boost fertiliser production https://www.theinfostride.com/indorama-to-get-75-million-from-afdb-to-boost-fertiliser-production/ https://www.theinfostride.com/indorama-to-get-75-million-from-afdb-to-boost-fertiliser-production/#respond Sat, 30 Mar 2024 12:27:49 +0000 https://www.theinfostride.com/?p=374484 The African Development Bank (AfDB) has reached a $75 million loan agreement with Indorama Eleme Fertilizer and Chemicals Limited, marking a significant investment to amplify Nigeria’s fertiliser production capacity and boost its export potential.  According to a statement from the AfDB, the strategic deployment of funds is earmarked for the expansion of Indorama’s fertiliser production [...]

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]]> https://www.theinfostride.com/indorama-to-get-75-million-from-afdb-to-boost-fertiliser-production/feed/ 0 Nigeria Missing as AfDB Projects Strong Growth for African Countries https://www.theinfostride.com/nigeria-missing-as-afdb-projects-strong-growth-for-african-countries/ https://www.theinfostride.com/nigeria-missing-as-afdb-projects-strong-growth-for-african-countries/#respond Tue, 20 Feb 2024 22:51:00 +0000 https://www.theinfostride.com/?p=371207 The African Development Bank (AfDB) has projected strong economic growth for several African countries; however, Nigeria is notably absent from the list. This omission raises questions about the economic trajectory and challenges faced by Nigeria compared to other African nations. The AfDB’s positive growth projections for selected African countries may be influenced by factors such [...]

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]]> https://www.theinfostride.com/nigeria-missing-as-afdb-projects-strong-growth-for-african-countries/feed/ 0 AfDB to Partner with Enugu State Government on Investment Drive https://www.theinfostride.com/afdb-to-partner-with-enugu-state-government-on-investment-drive/ https://www.theinfostride.com/afdb-to-partner-with-enugu-state-government-on-investment-drive/#respond Fri, 26 Jan 2024 21:26:47 +0000 https://www.theinfostride.com/?p=368774 The African Development Bank (AfDB) has announced plans to collaborate with the Enugu State Government in a strategic partnership aimed at driving investment in the region. This partnership signals a commitment to fostering economic development, attracting investments, and promoting sustainable growth in Enugu State. The collaboration between the AfDB and the Enugu State Government is [...]

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]]> https://www.theinfostride.com/afdb-to-partner-with-enugu-state-government-on-investment-drive/feed/ 0 AfDB Approves $80 Million for Ekiti Knowledge Zone Project https://www.theinfostride.com/afdb-approves-80-million-for-ekiti-knowledge-zone-project/ https://www.theinfostride.com/afdb-approves-80-million-for-ekiti-knowledge-zone-project/#respond Wed, 24 Jan 2024 18:29:16 +0000 https://www.theinfostride.com/?p=368438 The African Development Bank (AfDB) has greenlit an $80 million funding package for the Ekiti Knowledge Zone Project, signaling a significant boost for innovation, education, and economic development in the state. Here’s a closer look at key aspects of this noteworthy initiative: 1. Project Overview: The Ekiti Knowledge Zone Project is a strategic undertaking aimed [...]

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]]> https://www.theinfostride.com/afdb-approves-80-million-for-ekiti-knowledge-zone-project/feed/ 0 AfDB Warns: Lagos’ Lavish Capital Spending Fails to Reach Poorest Residents https://www.theinfostride.com/afdb-warns-lagos-lavish-capital-spending-fails-to-reach-poorest-residents/ https://www.theinfostride.com/afdb-warns-lagos-lavish-capital-spending-fails-to-reach-poorest-residents/#respond Mon, 20 Nov 2023 16:23:20 +0000 https://www.theinfostride.com/?p=361318 The African Development Bank (AfDB) has recently highlighted concerns regarding the allocation of high capital spending in Lagos and its impact on the city’s poorest residents. This revelation is part of a comprehensive report titled ‘From Millions to Billions: Financing the Development of African Cities,’ obtained by Infostride News. In the 2023/24 fiscal year, Lagos [...]

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]]> https://www.theinfostride.com/afdb-warns-lagos-lavish-capital-spending-fails-to-reach-poorest-residents/feed/ 0 AfDB Unleashes $618M Boost for Nigeria’s Digital and Creative Ventures https://www.theinfostride.com/afdb-unleashes-618m-boost-for-nigerias-digital-and-creative-ventures/ https://www.theinfostride.com/afdb-unleashes-618m-boost-for-nigerias-digital-and-creative-ventures/#respond Tue, 14 Nov 2023 18:17:46 +0000 https://www.theinfostride.com/?p=360520 The African Development Bank (AfDB) has successfully concluded negotiations for the allocation of a substantial $618 million to Nigeria under the Investment in Digital and Creative Enterprise (i-DICE) initiative. This noteworthy development was disclosed by Mr. Lamin Barrow, the Country Director-General for Nigeria at the AfDB, during discussions with the News Agency of Nigeria (NAN) [...]

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]]> https://www.theinfostride.com/afdb-unleashes-618m-boost-for-nigerias-digital-and-creative-ventures/feed/ 0 AfDB’s $1.5 Billion Boost: Adeshina Unveils Initiative to Propel African Agro-Exports https://www.theinfostride.com/afdbs-1-5-billion-boost-adeshina-unveils-initiative-to-propel-african-agro-exports/ https://www.theinfostride.com/afdbs-1-5-billion-boost-adeshina-unveils-initiative-to-propel-african-agro-exports/#respond Fri, 10 Nov 2023 16:40:33 +0000 https://www.theinfostride.com/?p=360126 Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), announced a substantial contribution of $1.5 billion at the 2023 Africa Investment Forum (AIF) Market Place in Marrakesh. This financial support is directed towards advancing the export of value-added agricultural products through the Special Agro-Industrial Processing Zones (SAPZs) initiative. Addressing the audience at the forum [...]

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]]> https://www.theinfostride.com/afdbs-1-5-billion-boost-adeshina-unveils-initiative-to-propel-african-agro-exports/feed/ 0 Africa’s Agribusiness: A $1 Trillion Opportunity by 2030 – Akinwunmi Adesina https://www.theinfostride.com/africas-agribusiness-a-1-trillion-opportunity-by-2030-akinwunmi-adesina/ https://www.theinfostride.com/africas-agribusiness-a-1-trillion-opportunity-by-2030-akinwunmi-adesina/#respond Mon, 06 Nov 2023 19:15:27 +0000 https://www.theinfostride.com/?p=359623 Dr. Akinwunmi Adesina, the President of the Africa Development Bank (AfDB), recently shed light on a remarkable economic milestone for the African continent. Speaking at the Norman E. Borlaug Dialogue, an event organized by the World Food Prize Foundation in Des Moines, Iowa, Adesina revealed that Africa’s food and agricultural industry is poised to become [...]

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]]> https://www.theinfostride.com/africas-agribusiness-a-1-trillion-opportunity-by-2030-akinwunmi-adesina/feed/ 0 Nigeria Receives Unprecedented $4.4 Billion from AfDB, Tops African Funding https://www.theinfostride.com/nigeria-receives-unprecedented-4-4-billion-from-afdb-tops-african-funding/ https://www.theinfostride.com/nigeria-receives-unprecedented-4-4-billion-from-afdb-tops-african-funding/#respond Sat, 28 Oct 2023 21:03:06 +0000 https://www.theinfostride.com/?p=358622 The African Development Bank (AfDB) has revealed that its commitment to funding development projects in Nigeria stands at a substantial $4.4 billion, making it the largest funding allocation in the African region. This announcement was made by Mr. Lamin Barrow, the Country Director of AfDB, during a recent Joint Country Portfolio Performance Review meeting held [...]

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]]> https://www.theinfostride.com/nigeria-receives-unprecedented-4-4-billion-from-afdb-tops-african-funding/feed/ 0 AfDB’s AFAWA: Pledging $5 billion for Women-Led African Ventures by 2026 https://www.theinfostride.com/afdbs-afawa-pledging-5-billion-for-women-led-african-ventures-by-2026/ https://www.theinfostride.com/afdbs-afawa-pledging-5-billion-for-women-led-african-ventures-by-2026/#respond Wed, 18 Oct 2023 22:45:47 +0000 https://www.theinfostride.com/?p=357526 Affirmative Finance Action for Women in Africa (AFAWA), a continental initiative led by the African Development Bank, is resolutely committed to a transformative mission. Its vision is to harness financial resources, empower women, and catalyze economic growth across the African continent. At the core of AFAWA’s ambition lies the aspiration to mobilize a staggering $5 [...]

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]]> https://www.theinfostride.com/afdbs-afawa-pledging-5-billion-for-women-led-african-ventures-by-2026/feed/ 0 AfDB says Nigeria needs help to tackle debt burden https://www.theinfostride.com/afdb-says-nigeria-needs-help-to-tackle-debt-burden/ https://www.theinfostride.com/afdb-says-nigeria-needs-help-to-tackle-debt-burden/#respond Sat, 24 Sep 2022 19:21:07 +0000 https://www.theinfostride.com/?p=333022 The president of the African Development Bank (AfDB), Akinwumi Adesina, has said Nigeria needs help from international institutions in tackling its debt burden. The statement is coming barely 24 hours after President Muhammadu Buhari called for debt cancellation for developing countries that are facing fiscal and liquidity challenges at the 77th session of the United Nations [...]

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]]> https://www.theinfostride.com/afdb-says-nigeria-needs-help-to-tackle-debt-burden/feed/ 0 AfDB requests $58 billion for Lagos-Cotonou-Lome-Abidjan highway, others https://www.theinfostride.com/afdb-requests-58-billion-for-lagos-cotonou-lome-abidjan-highway-others/ https://www.theinfostride.com/afdb-requests-58-billion-for-lagos-cotonou-lome-abidjan-highway-others/#respond Thu, 17 Mar 2022 14:42:49 +0000 https://www.theinfostride.com/?p=320742 The African Development Bank (AfDB) Group will today disclosed the outcome of $58 billion deal offers for 42 critical projects in Africa, including the proposed highway connecting Lagos to Abidjan through Cotonou, Lome and Accra as well as the Nigerian film academy. The deals were curated by AfDB and opened to investors since Tuesday at [...]

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]]> https://www.theinfostride.com/afdb-requests-58-billion-for-lagos-cotonou-lome-abidjan-highway-others/feed/ 0 AfDB signed $544 million in loan financing for Nigeria in 2021 https://www.theinfostride.com/afdb-signed-544-million-in-loan-financing-for-nigeria-in-2021/ https://www.theinfostride.com/afdb-signed-544-million-in-loan-financing-for-nigeria-in-2021/#respond Tue, 08 Mar 2022 22:36:21 +0000 https://www.theinfostride.com/?p=320023 Lamin Barrow, the Director-General, Nigeria Country Department of the African Development Bank (AfDB) has established that the bank signed $544 million in loan financing for five operations in Nigeria in 2021. Mr Barrow made this known on Thursday in Abuja at the opening of the 2022 Country Portfolio Performance Review (CPPR) workshop. He said the [...]

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]]> https://www.theinfostride.com/afdb-signed-544-million-in-loan-financing-for-nigeria-in-2021/feed/ 0 $484 billion needed to address economic impact of Covid-19 – Adesina https://www.theinfostride.com/484-billion-needed-to-address-economic-impact-of-covid-19-adesina/ https://www.theinfostride.com/484-billion-needed-to-address-economic-impact-of-covid-19-adesina/#respond Tue, 08 Feb 2022 06:57:35 +0000 https://www.theinfostride.com/?p=318089 Africa needs $484 billion over the next three years to address the socio-economic impacts of the Covid-19 pandemic and support economic recovery. This was made known by Dr Akinwumi Adesina, African Development Bank Group President at the opening of the 35th African Union Assembly in the Ethiopian capital. He stated that investing in health is [...]

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]]> https://www.theinfostride.com/484-billion-needed-to-address-economic-impact-of-covid-19-adesina/feed/ 0 African Development Bank confirms $60m financing for homes loan assistance programme https://www.theinfostride.com/african-development-bank-confirms-60m-financing-for-homes-loan-assistance-programme/ https://www.theinfostride.com/african-development-bank-confirms-60m-financing-for-homes-loan-assistance-programme/#respond Fri, 19 Nov 2021 19:57:08 +0000 https://www.theinfostride.com/?p=313093 The growth, which was largely driven by the non-oil sector, having contributed 92.51% to the aggregate GDP for the period, leaving the remaining 7.49% to the oil sector. According to the report, the growth recorded in the non-oil sector was driven by growth in the trade sector, ICT, financial, manufacturing, agriculture, and transportation. The African [...]

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]]> https://www.theinfostride.com/african-development-bank-confirms-60m-financing-for-homes-loan-assistance-programme/feed/ 0 AfDB, AfCFTA secretariat team up to stimulate industries to compete on larger scale https://www.theinfostride.com/afdb-afcfta-secretariat-team-up-to-stimulate-industries-to-compete-on-larger-scale/ https://www.theinfostride.com/afdb-afcfta-secretariat-team-up-to-stimulate-industries-to-compete-on-larger-scale/#respond Sun, 31 Oct 2021 15:11:44 +0000 https://www.theinfostride.com/?p=311648 The African Development Bank has collaborated with the African Continental Free Trade Area (AfCFTA) to stimulate industries across the continent. This disclosure was made by the African Development Bank Group President, Dr. Akinwumi A. Adesina, in Abidjan, Cote d’voire on Friday. According to him, the bank will mainstream the AfCFTA’s into its country and regional [...]

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]]> https://www.theinfostride.com/afdb-afcfta-secretariat-team-up-to-stimulate-industries-to-compete-on-larger-scale/feed/ 0 We will create 25 million new jobs in 2025 – AFDB https://www.theinfostride.com/we-will-create-25-million-new-jobs-in-2025-afdb/ https://www.theinfostride.com/we-will-create-25-million-new-jobs-in-2025-afdb/#respond Fri, 29 Oct 2021 22:23:13 +0000 https://www.theinfostride.com/?p=311519 The African Development Bank (AfDB) disclosed that the bank has set a goal of creating 25 million new jobs by 2025. This is as the financial institution is set to invest in Nigeria’s Digital technology and creative spaces in collaboration with other partners to help create sustainable jobs and make Nigeria global powerhouse in these [...]

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]]> https://www.theinfostride.com/we-will-create-25-million-new-jobs-in-2025-afdb/feed/ 0 Lack of electricity deteriorating Nigerian industries – Dr akinwumi adesina https://www.theinfostride.com/lack-of-electricity-deteriorating-nigerian-industries-dr-akinwumi-adesina/ https://www.theinfostride.com/lack-of-electricity-deteriorating-nigerian-industries-dr-akinwumi-adesina/#respond Wed, 27 Oct 2021 22:09:46 +0000 https://www.theinfostride.com/?p=311373 President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, yesterday emphasized that the severe lack of energy was negatively affecting the growth of Nigerian industries. Adesina mentioned while speaking at a meeting organised by the Manufacturers Association of Nigeria (MAN) in Abuja.   He said: “Today, no business can survive in Nigeria without [...]

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]]> https://www.theinfostride.com/lack-of-electricity-deteriorating-nigerian-industries-dr-akinwumi-adesina/feed/ 0 We will help raise funds to fight insecurity in Nigeria – AFDB https://www.theinfostride.com/we-will-help-raise-funds-to-fight-insecurity-in-nigeria-afdb/ https://www.theinfostride.com/we-will-help-raise-funds-to-fight-insecurity-in-nigeria-afdb/#respond Tue, 12 Oct 2021 18:51:29 +0000 https://www.theinfostride.com/?p=310209 The African Development Bank (AfDB) has offered its assistance to Nigeria in the design and implementation of “Security-Indexed Investment Bonds” to raise more funds to sort out its security challenges. The sale of these bonds will help raise funds from the global capital markets to support countries to upgrade their security architecture, rebuild damaged infrastructure [...]

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]]> https://www.theinfostride.com/we-will-help-raise-funds-to-fight-insecurity-in-nigeria-afdb/feed/ 0 Reasons Africa must be independent on healthcare support – AfDB President https://www.theinfostride.com/reasons-africa-must-be-independent-on-healthcare-support-afdb-president/ https://www.theinfostride.com/reasons-africa-must-be-independent-on-healthcare-support-afdb-president/#respond Fri, 24 Sep 2021 20:08:46 +0000 https://www.theinfostride.com/?p=308754 It is paramount for African nations to not depend solely on foreign countries for healthcare support, as the continent cannot outsource its health to other parts of the world. This was disclosed by the President of the African Development Bank (AfDB), Akinwumi Adesina, at the 76th General Assembly of the United Nations. Adesina spoke at [...]

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]]> https://www.theinfostride.com/reasons-africa-must-be-independent-on-healthcare-support-afdb-president/feed/ 0 AfDB’s plan to upgrade Africa’s old hydropower will cost $1million stations https://www.theinfostride.com/afdbs-plan-to-upgrade-africas-old-hydropower-will-cost-1million-stations/ https://www.theinfostride.com/afdbs-plan-to-upgrade-africas-old-hydropower-will-cost-1million-stations/#respond Sat, 18 Sep 2021 21:05:34 +0000 https://www.theinfostride.com/?p=308340 The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has approved a one-million-dollar grant for the modernization of Africa’s aging hydropower fleet. According to an AfDB statement, modernizing hydropower stations provides a chance to boost generation capacity at a low cost, with short lead times and minimal environmental impact. The grant would also be [...]

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]]> https://www.theinfostride.com/afdbs-plan-to-upgrade-africas-old-hydropower-will-cost-1million-stations/feed/ 0 SEC secures AfDB grant to boost investor protection, regulation https://www.theinfostride.com/sec-secures-afdb-grant-to-boost-investor-protection-regulation/ https://www.theinfostride.com/sec-secures-afdb-grant-to-boost-investor-protection-regulation/#respond Fri, 13 Aug 2021 19:10:35 +0000 https://www.theinfostride.com/?p=303743 …Investors’ wealth rises by N163b in three trading days The Securities and Exchange Commission (SEC) has received financing from the African Development Bank (AFDB) to strengthen its regulatory capacity, especially in the areas of investor protection and minimising systemic risk. The grant from the AfDB Group/Capital Markets Development Trust Fund is to finance risk-based supervision [...]

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]]> https://www.theinfostride.com/sec-secures-afdb-grant-to-boost-investor-protection-regulation/feed/ 0 AfDB to support tech-based MSMEs with $500m -Osinbajo https://www.theinfostride.com/afdb-to-support-tech-based-msmes-with-500m-osinbajo/ https://www.theinfostride.com/afdb-to-support-tech-based-msmes-with-500m-osinbajo/#respond Mon, 09 Aug 2021 18:01:13 +0000 https://www.theinfostride.com/?p=303357 Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered by Oluseyi Oduyoye, Professor [...]

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]]> https://www.theinfostride.com/afdb-to-support-tech-based-msmes-with-500m-osinbajo/feed/ 0 Seven African exchanges inch towards shared trading https://www.theinfostride.com/seven-african-exchanges-inch-towards-shared-trading/ https://www.theinfostride.com/seven-african-exchanges-inch-towards-shared-trading/#respond Mon, 02 Aug 2021 22:13:56 +0000 https://www.theinfostride.com/?p=302761 Cross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has signed a contract to roll out an African Exchanges Linkage Project (AELP) link technology platform for routing orders and trade confirmations among stockbrokers on NGX and six exchanges. Seven of Africa’s leading securities exchanges are working together under the AELP [...]

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]]> https://www.theinfostride.com/seven-african-exchanges-inch-towards-shared-trading/feed/ 0 AfDB approves $50 million loan to support Nigerian women businesses https://www.theinfostride.com/afdb-approves-50-million-loan-to-support-nigerian-women-businesses/ https://www.theinfostride.com/afdb-approves-50-million-loan-to-support-nigerian-women-businesses/#respond Thu, 08 Jul 2021 21:38:49 +0000 https://www.theinfostride.com/?p=300086 The African Development Bank (AfDB) has approved a $50 million loan to First City Monument Bank (FCMB) to support local enterprises and women-led businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. In a recent statement by AfDB on Wednesday, the bank said 30 percent of the funds, intended to mitigate effects of the [...]

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]]> https://www.theinfostride.com/afdb-approves-50-million-loan-to-support-nigerian-women-businesses/feed/ 0 AfDB appoints new director-general for Nigeria https://www.theinfostride.com/afdb-appoints-new-director-general-for-nigeria/ https://www.theinfostride.com/afdb-appoints-new-director-general-for-nigeria/#respond Wed, 07 Jul 2021 00:20:47 +0000 https://www.theinfostride.com/?p=299833 The African Development Bank Group has appointed Mr Lamin Barrow as the director-general of its Nigeria office. According to a statement issued by the bank on Tuesday, before his appointment, Barrow was Acting Senior Director, Nigeria Country Office, in the Regional Development, Integration & Business Development Vice Presidency. Commenting on the appointment, President, AfDB, Dr [...]

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]]> https://www.theinfostride.com/afdb-appoints-new-director-general-for-nigeria/feed/ 0 Risk of debt defaults in Africa has increased – AfDB https://www.theinfostride.com/risk-of-debt-defaults-in-africa-has-increased-afdb/ https://www.theinfostride.com/risk-of-debt-defaults-in-africa-has-increased-afdb/#respond Sat, 03 Jul 2021 22:58:47 +0000 https://www.theinfostride.com/?p=299431 The African Development Bank has stated that the risk of debt defaults is increasing among African countries. This statement was contained in the Strategy for Economic Governance in Africa, which was launched on Friday by AFDB. The economic strategic document stated that countries have developed debt vulnerabilities due to decline in economic output, which was [...]

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]]> https://www.theinfostride.com/risk-of-debt-defaults-in-africa-has-increased-afdb/feed/ 0 AfDB launches $464 million Kangaroo social bond https://www.theinfostride.com/afdb-launches-464-million-kangaroo-social-bond/ https://www.theinfostride.com/afdb-launches-464-million-kangaroo-social-bond/#respond Tue, 15 Jun 2021 23:55:22 +0000 https://www.theinfostride.com/?p=297395 The African Development Bank said on Monday it is returning to the Australian capital market with the launch of a 5.5-year $464 million Kangaroo social bond. The development bank said the deal was led by Nomura and RBC Capital Markets. It added that the second social bond, following a $3.1 billion 3-year issue launched last [...]

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]]> https://www.theinfostride.com/afdb-launches-464-million-kangaroo-social-bond/feed/ 0 African Development Bank Commemorates World Toilet Day https://www.theinfostride.com/african-development-bank-commemorates-world-toilet-day/ https://www.theinfostride.com/african-development-bank-commemorates-world-toilet-day/#respond Fri, 20 Nov 2020 13:15:17 +0000 https://www.theinfostride.com/?p=275076 In commemoration of this year’s World Toilet Day, the African Development Bank is creating awareness about the health benefits of a good toilet hygiene across Africa. The African Development Bank noted that regular handwashing with soap is effective and preventive against the disease. Subsistent sanitation, handwashing facilities, clean water helps to protect the health and [...]

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]]> https://www.theinfostride.com/african-development-bank-commemorates-world-toilet-day/feed/ 0 African Development Bank Appoints Acting Evaluator General https://www.theinfostride.com/african-development-bank-appoints-acting-evaluator-general/ https://www.theinfostride.com/african-development-bank-appoints-acting-evaluator-general/#respond Tue, 10 Nov 2020 18:11:04 +0000 https://www.theinfostride.com/?p=274093 The African Development Bank has appointed Karen ROT-MÜNSTERMANN as the Acting Evaluator General for the Independent Evaluation Development Department of the African Development Bank. According to the African Development Bank, Mrs. Karen ROT-MÜNSTERMANN, is a Dutch citizen, and currently the Manager of the Knowledge Management, Outreach, and Capacity Development Division of the Independent Evaluation Development [...]

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]]> https://www.theinfostride.com/african-development-bank-appoints-acting-evaluator-general/feed/ 0 AFDB Funds Urban Poor Sanitation In Uganda https://www.theinfostride.com/afdb-funds-urban-poor-sanitation-in-uganda/ https://www.theinfostride.com/afdb-funds-urban-poor-sanitation-in-uganda/#respond Wed, 21 Oct 2020 08:34:36 +0000 https://www.theinfostride.com/?p=272103 The African Development Bank has invested $1.3 million in urban poor sanitation improvement in Uganda. As a result of this there has been an improvement in the decline of Typhoid fever and Diarrhoea significantly in the Ugandan capital, Kampala. Kawempe being a subdivision of Kampala has developed rapidly over the years, but water and sanitation [...]

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]]> https://www.theinfostride.com/afdb-funds-urban-poor-sanitation-in-uganda/feed/ 0 #Nigeria > Nigeria’s Ex-president Jonathan Proud Of Adesina, Oteh’s Appointments, Says It Shows He Had A Word Class Team https://www.theinfostride.com/nigeria-ex-president-jonathan-proud-of-adesina-otehs-appointments-says-it-shows-he-had-a-word-class-team/ Mon, 07 Sep 2015 11:30:56 +0000 http://www.theinfostride.com/2015/09/nigeria-ex-president-jonathan-proud-of-adesina-otehs-appointments-says-it-shows-he-had-a-word-class-team/ Former President, Dr. Goodluck Jonathan, has congratulated Dr. Akinwumi Adesina and Ms. Arunma Oteh who were recently appointed into high positions at the African Development Bank (AfDB) and the World Bank respectively. He boasted that the development testifies to the fact that his administration had a good economic team that managed the affairs of the [...]

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]]> Ex-Minister Akinwumi Adesina Resumes As AfDB President | #News https://www.theinfostride.com/adesina-resumes-as-afdb-president-news/ Wed, 02 Sep 2015 11:30:07 +0000 http://www.theinfostride.com/2015/09/adesina-resumes-as-afdb-president-news/ Former Agriculture Minister Akinwumi Adesina has formally assumed office as the 8th elected President of the African Development Bank Group (AfDB). At a ceremony in Abidjan, Côte d’Ivoire on Tuesday, attended by Vice President Yemi Osinbajo, Adesina took the oath of office administered by Zambia’s Finance Minister and Chair of the Board of Governors, Alexander [...]

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]]> Africa’s Future Billionaires Will Be Farmers – Adesina https://www.theinfostride.com/africas-future-billionaires-will-be-farmers-adesina/ Sun, 08 Mar 2015 05:15:09 +0000 http://www.theinfostride.com/2015/03/africas-future-billionaires-will-be-farmers-adesina/ The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina says Africa’s future millionaires and billionaires will make their money from agriculture as the governments marshal out plans to unlock wealth from the soil. Adesina made his prediction on Friday in Abuja as the African Development Bank (AfDB), the Federal Ministry of Agriculture and Rural [...]

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]]> AfDB Board approves US120 million financing for Nairobi’s outer ring road https://www.theinfostride.com/afdb-board-approves-us120-million-financing-for-nairobis-outer-ring-road/ Tue, 19 Nov 2013 07:19:00 +0000 http://www.theinfostride.com/apr/2013/11/19/afdb-board-approves-us120-million-financing-for-nairobis-outer-ring-road/ NAIROBI, Kenya, November 19, 2013/African Press Organization (APO)/ — The Board of the African Development Bank (http://www.afdb.org) on Wednesday November 13th approved US$120 million financing for the Nairobi Outer Ring road project which involves the improvement of the existing single carriageway road to a 2-lane dual carriageway complete with service roads, grade separated intersections, pedestrians–foot-over [...]

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