The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans undermine the economic growth of Nigeria and other African countries. According to a statement from the bank on Wednesday, Adesina said this at the Semafor Africa Summit on the sidelines of the International Monetary Fund and World Bank 2024 Spring […]
World Bank, AfDB partner to connect 300 million Africans to electricity by 2030
The bank said 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation The post World Bank, AfDB partner to connect 300 million Africans to electricity by 2030 appeared first on Premium Times Nigeria. Powered by WPeMatico
African Development Bank signs $75 million loan agreement to boost Indorama’s fertiliser export
Nigeria, AFDB to partner on Trans-Sahara Highways
The federal government has begun bilateral discussions with the African Development Bank (AFDB) on how best to increase the economic opportunities of the nation and to enhance the transnational investment process as part of the Renewed Hope administration of President Bola Tinubu. Minister of Works, Engr. David Umahi, who opened the round table discussion with […]
Tinubu congratulates Adesina on award of Obafemi Awolowo Prize for Leadership
Hardship: Unrest imminent in Nigeria, three other African countries – AfDB
The African Development Bank says rising fuel and other commodities prices may lead to social unrest in Nigeria, Ethiopia, Angola and Kenya. The AfDB raised this alarm in its macroeconomic performance and outlook for 2024. Meanwhile, the leading Continental Development Bank projected that Africa’s economy is expected to grow higher than the 3.2 per cent […]
AfDB report puts Africa’s GDP at 3.8% in 2024
AfDB to disburse $540m SAPZs Fund in Nigeria
The African Development Bank, AfDB, has perfected plans to disburse $540 million to the first phase of states in Nigeria for developing Special Agro-Industrial Processing Zones, SAPZs. Stanley Nkwocha, Senior Special Assistant on Media to Vice President Kasim Shetima, disclosed this in a statement on Monday. According to him, the Senior Special Adviser on Industrialization […]