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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…

Poultry: AfDB sponsored scheme unlocks Nigerian youths’ potential

Poultry: AfDB sponsored scheme unlocks Nigerian youths’ potential

As Nigeria continues in its stride to boost potential in agric value chain, a team of youth agripreneurs trained by the Empowering Novel Agribusinessled Employment (ENABLETAAT) programme recorded a gross profit of over ₦1 million—…

AfDB, EIB sign partnership to fast-track development

AfDB, EIB sign partnership to fast-track development

The African Development Bank (AfDB) and the European Investment Bank (EIB) yesterday signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and…

AfDB approves $7m for mini-grid projects in Nigeria, others

AfDB approves $7m for mini-grid projects in Nigeria, others

The Board of Directors of the African Development Bank (AfDB) has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to…

AfDB’s investments unlock continent’s economic potential

AfDB’s investments unlock continent’s economic potential

From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (AfDB) are paving the way to unlock Africa’s economic potential, according to the 2020 Annual Development Effectiveness…

AfDB, Microsoft boost Nigeria’s 25m job creation prospect

AfDB, Microsoft boost Nigeria’s 25m job creation prospect

As part of efforts to actualize the Digital Nigeria 25 million job creation, the Federal Government, African Development Bank, as well as Microsoft have launched the Digital Nigeria eLearning Platform, to provide marketable digital skills…

AfDB, others’ climate financing hit $61.6bn

AfDB, others’ climate financing hit $61.6bn

Climate financing by seven of the world’s largest multilateral development banks (MDBs), including African Development Bank (AfDB), totalled $61.6 billion in 2019, of which $41.5 billion (67 per cent) was in low-and middle-income economies, according…

AfDB: Coronavirus crisis may push 49.2m more Africans into poverty

AfDB: Coronavirus crisis may push 49.2m more Africans into poverty

…says 30m jobs may be lost The Coronavirus (Covid-19) pandemic could push as many as 49.2million more people on the African continent into extreme poverty in 2021 and as many as 30 million jobs may…