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…
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…
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….
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…