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AfDB boss bags U.S. National Bar Association award

AfDB boss bags U.S. National Bar Association award

African Development Bank (AfDB) Group President, Dr. Akinwumi Adesina, has been honored with the distinguished Ronald Harmon Brown Award of International Distinction, by the National Bar Association, in the United States. The award is named…

AfDB to double Africa’s climate finance to $25bn

AfDB to double Africa’s climate finance to $25bn

The African Development Bank (AfDB) says it will within the next five years double the climate change finance of Africa to 25 billion dollars. AfDB Vice-President for Power, Energy, Climate and Green Growth, Dr Kevin…

AfDB: TAAT aims to raise Africa’s food production by 100mmt yearly

AfDB: TAAT aims to raise Africa’s food production by 100mmt yearly

Technologies for African Agricultural Transformation (TAAT), a flagship programme from the African Development Bank (AfDB), has hosted its maiden edition of TAAT investors forum in African agriculture, targeted at boosting food production and sufficiency in…

AfDB approves $7.3m for jobs, skills

AfDB approves $7.3m for jobs, skills

The African Development Bank (AfDB) has said that the eight approved project proposals for its “Jobs for Youth in Africa Strategy,” will receive grant funding of more than $7.3 million to operationalize their activities, creating…

AfDB to invest $3bn in Africa’s healthcare sector

AfDB to invest $3bn in Africa’s healthcare sector

The African Development Bank (AfDB) will invest up to $3 billion over the next 30 years to advance the manufacture of pharmaceuticals and the development of healthcare infrastructure across the continent, the bank’s Group Vice…

Entrepreneurship is critical to Africa’s transformation –AfDB

Entrepreneurship is critical to Africa’s transformation –AfDB

Bank (AfDB) has said entrepreneurship must be at the heart of efforts to transform Africa’s economic prospects. The statement is contained in the Bank’s White Paper for June 2021 titled: “Entrepreneurship and Free Trade: Africa’s…

AfDB wants $5bn mobilised to tackle youth unemployment

AfDB wants $5bn mobilised to tackle youth unemployment

African Development Bank (AfDB) has called for the support of African public development banks towards the Affirmative Finance Action for Women in Africa (AFAWA) as well as tackling youth unemployment on the continent. President of…

Startups: FG seeks AfDB’s support for $500m innovation fund

Startups: FG seeks AfDB’s support for $500m innovation fund

The Federal Government has said it is currently engaging with the African Development Bank (AfDB) to set up a $500 million Innovation Fund. This, government said, would provide support for the tech startup ecosystem across…

Alleged fraud: AfDB bars Nigerian firm for 3 years

Alleged fraud: AfDB bars Nigerian firm for 3 years

The African Development Bank Group (AfDB) yesterday announced the debarment of a Nigerian consulting organisation, Maxicare Nig. Ltd, for three years over alleged fraud in a road project to connect the north-west region of Cameroon…

AfDB launches second phase of WACMI project

AfDB launches second phase of WACMI project

The African Development Bank (AfDB) has launched the second phase of West African Capital Markets Integration (WACMI) Project to establish a common securities listing and trading platform across West African bourses, according to a statement…