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JUST-IN: Shettima Arrives In US To Participate In AfDB Dialogue

JUST-IN: Shettima Arrives In US To Participate In AfDB Dialogue

Vice President Kashim Shettima has arrived in Iowa, United States (US) to participate in the African Development Bank (AfDB) World Food Prize events organized by the Norman E. Borlaug International Dialogue. The Vice President arrived…

AfDB, CoDA launch $5.9m project to tackle illicit financial flows

AfDB, CoDA launch $5.9m project to tackle illicit financial flows

The African Development Bank (AfDB) and the Coalition for Dialogue on Africa (CoDA) have officially launched a three-year support project to improve regional coherent and coordinated response to illicit financial flows. According to a press…

AfDB issues AUD50m 15-year Kangaroo Green Bond

AfDB issues AUD50m 15-year Kangaroo Green Bond

The African Development Bank (AfDB) has successfully launched an Australia Dollar (AUD) 50 million 15-year Kangaroo Green Bond due March 2038. According to a press release, the new issuance was arranged by RBC Capital Markets…

Africa gets $50bn int’l support to transform agriculture – AfDB

Africa gets $50bn int’l support to transform agriculture – AfDB

Africa’s drive to transform its agriculture and become a food basket continues to receive strong global support, with development partners agreeing to commit more than $50 billion to the plan, barely two months after its…

AfDB, Canada launch agri-food SME catalytic financing mechanism

AfDB, Canada launch agri-food SME catalytic financing mechanism

To help Africa’s Small and Medium-sized Enterprises (SMEs) in the agricultural sector, the African Development Bank Group and the Canadian Government recently established the Agri-food SME Catalytic Financing Mechanism. This new agricultural development was made…

Buhari hails $538.05m provision to Nigeria for special agro-processing zones by AfDB, others

Buhari hails $538.05m provision to Nigeria for special agro-processing zones by AfDB, others

President Muhammadu Buhari has welcomed the provision of $538.05 million by the African Development Bank, the Islamic Development Bank and the International Fund for Agricultural Development (IFAD) for the first phase of the Special Agro-Industrial…

AfDB, African Union Commission hold session on driving devt

AfDB, African Union Commission hold session on driving devt

The African Development Bank Group (AfDB) and the African Union Commission (AUC) have concluded a technical session on how to conduct an upcoming joint study on driving development in Africa. According to a press release,…

Unemployment could worsen Africa’s social, political fragility – AfDB warns

Unemployment could worsen Africa’s social, political fragility – AfDB warns

The President of African Development Bank (AfDB), Dr. Akinwunmi Adesina, yesterday called on African countries to improve access to quality education by adequately funding the sector to reduce youth unemployment in the continent. Adesina also…

AfDB expects Africa’s economic growth to stabilise

AfDB expects Africa’s economic growth to stabilise

Africa’s economic growth will stabilise at 4% over the next two years, and inflation will slow as the continent rebounds from a pandemic-induced slump and external shocks including the Ukraine war, according to the African…

Nigeria, other African nations got $95.6bn Diaspora remittances in 2021–AfDB

Nigeria, other African nations got $95.6bn Diaspora remittances in 2021–AfDB

The African Development Bank (AfDB) President, Akinwumi Adesina, has highlighted the importance of Africans in the diaspora to the continent’s economic growth. Adesina, who spoke at the Global Community of Practice (G-COP) policy dialogue hosted…