Tag
AFDB
The African Development Bank (AfDB) and FSDH have recently inked a new $20 million Trade Finance Facility to bolster Small and Medium Enterprises (SMEs) in Nigeria.
The African Development Bank (AfDB) has slashed down growth projection from 4.3% to 3.8% for the African economy in 2024 in its revised economic outlook for the period.
The federal government through the Ministry of Agriculture has stated that it hopes to produce around 31 million metric tonnes of grains in 2024 as part of efforts to combat food inflation across the country and address President Tinubu’s food security emergency.
AfDB has collaborated with the US Commercial Service to boost technological innovation on the continent.
The African Development Bank (AfDB) Group has approved an $80 million loan to fund the Ekiti Knowledge Zone project in the country. This is according to a statement on the bank’s website.
AfDB is set to become the first multilateral lender to issue a hybrid note. This is according to the bank’s acting treasurer, Omar Sefiani in an interview with Reuters.
AfDB has said that high capital spending in Lagos does not always benefit the city’s poorest people.
AfDB has finalized the agreement to allocate $618M to Nigeria through the Investment in Digital and Creative Enterprise (i-DICE) initiative.
The 2023 AIF Market Days boardrooms secured $34.82 billion in investment interest during its three-day session in Morocco.
Dr Akinwumi Adesina says his bank has provided the impressive sum of $1.5 billion to promote the export of value-added agricultural products.
AfDB has stated that its funding for development projects in Nigeria is worth around $4.4 billion which is the highest in Africa.
AfDB, IDB and IFAD says that they have voted $1 billion to further deliver special agro-industrial processing zones in 24 States of Nigeria.