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AFRICAN DEVELOPMENT BANK
Dr Akinwumi Adesina has said that Sub-Saharan Africa will need $425 billion by 2030 to support its recovery from the COVID-19 pandemic.
The AfDB has stated that the $430 million highway connecting Enugu to Bamenda in Cameroon will be completed before the end of the year.
The G7 DFIs have announced a commitment to invest $80 billion in Africa’s private sector to support sustainable economic recovery.
Nigeria has the highest number of tech startups with many of them operating within the fintech sector but the country tends to fall short in other metrics.
The AfDB has approved a new policy on water, prioritizing water security and the transformation of water assets.
The AfDB said that the diversification of the Nigerian economy had become important for it to respond favourably to the emerging challenges of the 21st century.
The AfDB has warned that an estimated 39 million Africans could possibly slip into extreme poverty this year.
The AfDB has signed a $400, 000 grant with Nigeria's SEC to strengthen securities market regulation.
Japan and the AfDB have signed a loan agreement to support the African Development Fund.
The AfDB has decried Africa's lack of access to electricity and says it will keep increasing due to the COVID-19.
Mr. Ifedayo Orimoloye has been appointed by the African Development Bank as Group Chief Risk Officer.
AfDB's AFAWA, African Guarantee Fund, partner to unlock $1.3 - $2 billion in loans to women entrepreneurs in Africa.