AfDB approves $25 million to boost local currency hedging in Africa
The African Development Bank (AfDB) has approved a $25 million equity investment in The Currency Exchange Fund (TCX) to strengthen ...
Tag: AfDB
AfDB mobilizes $2.2billion with partners to expand agro-industrial zones in 24 Nigerian states
The African Development Bank (AfDB) and its partners have mobilized $2.2 billion (about N3.4 trillion) to implement the second phase ...
Abia Govt secures $263.8 million from AfDB, IsDB for road, erosion, and waste management projects
The Abia State Government has secured a $263.8 million financing package from the African Development Bank (AfDB), the Islamic Development ...
FG to concession major national projects to repay loans – Finance minister
The Federal Government says it is moving toward a self-financing infrastructure model that will see major national projects like ports, ...
AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments
The African Development Bank (AfDB) has flagged Nigeria’s rising debt costs, stating that the country is projected to spend 75% ...
AfDB projects $39.84 billion decline in foreign funding to Africa by 2025 amid aid cuts
The African Development Bank (AfDB) has projected a $39.84 billion decline in total foreign funding to Africa in 2025, largely ...
Presidency disputes AfDB President Adesina’s claim that Nigerians are worse off now than in 1960
The Presidency has rejected recent comments by the outgoing President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, who ...
Raw material exports keep Africa poor – AfDB president Adesina says
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African nations to put an end to ...
Africa receives only $33bn from $650bn IMF SDRs – AfDB president
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has criticised the disproportionate allocation of the International Monetary ...
AfDB committed over $8b to water, sanitation projects across Africa
The African Development Bank (AfDB) has invested more than $8 billion in water infrastructure projects across 40 African nations since ...
