AfDB
I never said I’ll be running for president in 2027, says Akinwumi Adesina
Akinwumi Adesina, president of the African Development Bank (AfDB), has clarified recent remarks pertaining to Nigeria. In an interview on Arise Television three days ago, Adesina said he is available for national service after his tenure at the bank elapses. He added that he is willing to serve in any capacity, globally, in Africa, or […]
AfDB, others to mobilize $15 billion for ECOWAS’ Lagos-Abidjan highway project – Akinwunmi Adeshina
The President of the African Development Bank (AfDB), Akinwunmi Adesina, has confirmed that his institution, in collaboration with others, will mobilize $15 billion for the construction of the Lagos-Abidjan Highway project. Adesina made this announcement on Friday in Abuja during the 90th birthday celebration of former Head of State, General Yakubu Gowon. The Lagos-Abidjan Highway […]
Unfair criticism of Dangote creating bad waves for Nigeria, says AFDB President, Adesina
Akinwumi Adesina, President of the African Development Bank (AfDB), has expressed shock over the Dangote Refinery issue involving Nigerian government agencies, stating that it is generating negative global perceptions of Nigeria. Recently, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority, Farouk Ahmed, said the diesel produced by the $20bn Dangote refinery is […]
AfDB announces $1.44bn investment in Nigeria
The African Development Bank, AfDB has announced an investment of $1.44 billion to facilitate the development of energy, power, transport, water, and sanitation infrastructure in Nigeria. The financial institution’s President, Akinwunmi Adeshina, disclosed this in a recent statement at the Nasarawa Investment Summit 2024. Adeshina, represented by Lamin Barrow, the Director-General of the AfDB’sAfDB’s Nigeria […]
AfDB begins disbursement of $540 million Agro-Industrial Funds nationwide
African Development Bank (ADfB) has commenced the first phase of the disbursement of $540 million Agro-Industrial Funds for the development of Special Agro-Industrial Processing Zones (SAPZs) in the country. The Senior Special Adviser on Industrialization to the AfDB President, Prof. Banji Oyelaran-Oyeyinka disclosed this on Monday when a delegation of the bank and that of […]
AfDB approves capital investment of $10.5 million to support sub-Saharan African businesses
The Board of Directors of the African Development Bank (AfDB) has approved a capital investment of $10.5 million in a venture capital fund to support innovative African businesses displaying strong growth potential. AfDB is to contribute $7 million from its ordinary resources and $3.5 million from the European Union Boost Africa program. Nairametrics learns that the funding […]