Most Recent News

President Buhari Launches $19Billion Climate Fund Project, Solicits Support

On Monday, Nigeria’s President, Muhammadu Buhari, actuated a $19 Billion Fund to be channelled towards ecosystem restoration, tree planting, climate-resilient infrastructure, and climate-smart agriculture, amongst others. The president called on.

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AfDB Approves $5.5bn Fund for Desert to Power Energy Project

Development finance institution the African Development Bank’s (AfDB) concessional African Development Fund (ADF) has approved a $5.5-million technical assistance grant to kickstart the roll-out of the flagship Desert to Power.

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African Development Bank to provide $7.2 billion for developing the Capital Market in Africa.

The growth of Africa’s economic landscape is made up of different sectors. While the recent increase in commodity sales, increase request for services and increased demand for manufacturing all serve.

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African Development Bank funds $410m power transmission expansion projects

The African Development Bank is funding four critical electricity transmission lines under the Nigeria Transmission Expansion Programme with a total sum of $410m. According to the Transmission Company of Nigeria,.

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AfDB, Big Win Philanthropy, Dangote Foundation launch plan to improve child nutrition across Africa

Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that aims at raising investments towards reducing stunting by.

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AfDB Approves U.S.$40 Million for Africa Infrastructure Investment Fund

The Board of Directors of the African Development Bank (AfDB) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund.

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AfDB and European Bank for Reconstruction and Development invest €150 million in Tunisia

The president of the African Development Bank (AfDB) Akinwumi Adesina, and the president of the European Bank for Reconstruction and Development Suma Chakrabarti met during the Africa Investment Forum (AIF).

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AfDB approves $50 million partnership with Natixis to expand trade in Africa

The Board of Directors of the African Development Bank Group has approved a $ 50 million Risk Participation Agreement (RPA) for Natixis. This risk-sharing program (50/50), able to cover a.

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Green Climate Fund Board approves three AfDB Green Climate Projects totaling $ 110 million

The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totalling over $110 million. The approvals were granted at the GCF’s.

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AfDB launches $500m credit insurance deal with ATI, UK reinsurers

The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the.

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