30 results
- 23 Nov 2016
World Bank, AfDB Launch Website for Aid Transparency Data
The African Development Bank (AfDB) took a step toward increased transparency with the release of AfDB data on AidFlows (www.aidflows.org), a website that visualizes global development aid. The new…
- 12 Mar 2023
AfDB Bans Nigerian CEO, Company for 15 Months over Alleged Fraud
For the next 15 months, Ogun-Asu Company Limited, a Nigerian construction firm, and William Ogon, its CEO, will not participate in any project financed by the Africa Development Bank (AfDB). AfDB…
- 27 Nov 2025
AfDB Approves $500m Budget Support Loan for Nigeria
African Development Bank (AfDB) Group has approved a loan of $500 million to Nigeria’s Federal Government to strengthen non-oil revenues and expand fiscal space. AfDB The bank, in a statement, said…
- 10 Feb 2020
Tony Elumelu Foundation Disburses First $5m Partnership Commitment from AfDB
Tony O. Elumelu, has congratulated the African Development Bank (AfDB), and Akinwumi Adesina, AfDB President on their commitment to African entrepreneurship, with the disbursement of $2.5million seed…
- 24 Jul 2013
AfDB Inks $50m Agreement with Citibank for Finance in Africa
Board of Directors of the African Development Bank (AfDB) has approved an unfunded $50-million Risk Participation Agreement (RPA) between the AfDB and Citibank NA (Citi) to support trade transactions…
- 23 May 2013
AfDB Approves $100m Agreement with Commerzbank AG for Trade Finance in Africa
Board of Directors of the African Development Bank (AfDB) has approved $100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will…
- 16 Nov 2015
AfDB Reiterates Commitment to Infrastructure Development in Africa
The African Development Bank (AfDB) reiterating its commitment to supporting efforts seeking to address the continent's infrastructure needs. Moono Mupotola, AfDB's director for NEPAD, Regional…
- 29 Dec 2024
AfDB to Release $2.2Bn Nigerian Agro-Industrial Fund from 2025
African Development Bank (AfDB) is set to start releasing a $2.2bn fund for the development of Special Agro-Industrial Process Zones in Nigeria (SAPZ). Abdul Kamara, director general, AfDB Nigeria…
- 9 Feb 2023
AfDB to Assist African Countries Improve their Data Management, Dissemination
African Development Bank (AfDB), says it will assist African countries to improve their data management and dissemination through the provision of Open Data Platforms. According to AfDB, it will…
- 27 May 2025
Nigeria Approves $500m for AfDB’s Trust Fund Replenishment over Next 15 Years
Nigeria has approved a fresh $500 million replenishment of the Nigeria Trust Fund (NTF) at the African Development Bank (AfDB), extending the facility for another 15 years. President of the AfDB, Dr.…
- 2 Nov 2021
AfDB Blacklists 40 Nigerian Firms, Individuals for Fraud, Others
The African Development Bank (AfDB) has blacklisted at least 40 Nigerian firms and individuals for engaging in corrupt practices, fraud and collusive practices between 2017 and 2021, according to…
- 12 Nov 2013
AfDB Launches e-Consultation on its New Governance Strategy
The African Development Bank (AfDB) has launched a Web consultation on its new Governance Strategy for 2014-2018 aimed at receiving feedback from all its stakeholders on their expectations on the…
- 28 Jul 2020
AfDB President, Adesina Cleared of Ethical Wrongdoing
An Independent Review Panel has completely exonerated Akinwumi Adesina, president of the African Development Bank (AfDB), of any ethical wrongdoings. Dr Akinwumi Adesina, President, AfDB The panel…
- 23 Jun 2019
Ekiti, AfDB to Partner for Infrastructural Development
The African Development Bank (AfDB) has expressed its readiness to provide technical and financial support for Ekiti State Government to upgrade its infrastructure, including fixing the Ado…
- 21 Dec 2009
AfDB, UBA Sign Landmark USD 150 million Loan
African Development Bank (AfDB) and the United Bank for Africa Plc (UBA) has signed a two- loan agreement for a total of USD 150 million. Aloysius Uche Ordu, vice president, Regional and…
- 24 Dec 2023
FSDH Merchant Bank Signs N20m Facility with AfDB to Boost Business in Nigeria
FSDH Merchant Bank has signed $20 million Trade Finance Facility Agreement with the African Development Bank (AfDB), aimed at significantly impacting trade financing across emerging sectors in…
- 19 Jun 2013
AfDB, UN University Ink MOU on Sustainable Development in Africa
Dr. Donald Kaberuka, President of the African Development Bank (AfDB), and Prof. David Malone, rector of United Nations University (UNU), signed a Memorandum of Understanding (MOU) to foster research…
- 3 Feb 2017
AfDB , AFI Sign MoU to Enhance Financial Services
African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) signed a Memorandum of Understanding (MoU) to enhance access to quality financial services on the continent. The…
- 25 Mar 2013
New AfDB Report Says Trade Integration, Key to Macroeconomic Convergence
A new policy paper by the African Development Bank (AfDB) carries the importance of trade integration to macroeconomic convergence. Published this March, the report titled "Supporting…
- 3 Oct 2013
AfDB Doles Out $4.3Bn to Finance Clean Energy Projects in Africa
Between 2011 and 2012, the African Development Bank (AfDB) increased by a staggering 92% its investment in clean energy in Africa, according to a new report by Bloomberg New Energy Finance. The…
- 26 Jan 2024
AfDB Deepens Partnership with Enugu Govt on Investment
The African Development Bank (AfDB) has reiterated its commitment to partnering with the Enugu State Government in the areas of investment, infrastructure, and other projects that would attract…
- 14 Jul 2017
AfDB Inaugurates N1Bn Support for SMEs Development Through Fortis bank
The African Development Bank (AfDB) has inaugurated N1 billion loan through Fortis Microfinance Bank Plc to help boost Small and Medium Enterprises (SMEs) development in the country. Mr Ilan Wolkov,…
- 20 Jan 2021
AfDB, European Investment Bank Sign Joint Partnership Action Plan to Fast-track Development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities…
- 17 May 2026
AfDB Approves $200m for BoI to Support MSMEs
The African Development Bank Group (AfDB) has approved a $200 million financing facility for the Bank of Industry (BoI) to expand access to long-term funding for businesses operating in key sectors…
- 31 Jan 2013
AfDB Dangles $700m Credit on Local SMEs
African Development Bank (AfDB) has signed an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of $700 million to support export-oriented small and medium enterprise…
- 21 Jul 2013
Africa Endorse AfDB’s Africa50 Fund to Support Infrastructure
In a joint declaration issued in Tunis, Tunisia, on 19 July 2013, African institutions endorsed the AfDB’s Africa50 Fund as Africa’s vehicle to facilitate large-scale mobilization of resources and to…
- 18 May 2023
AfDB Approves $15m to Close Infrastructure Gap in Nigeria
The board of African Development Bank (AfDB) has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help…
- 23 Jan 2015
AfDB, MasterCard Financial Inclusion Plan Targets 3 Key Areas
The African Development Bank (AfDB) and MasterCard on Thursday announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration, Nigeria…
- 18 Jan 2018
AfDB Plans $8b Investments in Nigeria
Dr. Akinwumi Adesina, president, African Development Bank, (AfDB) has said that the bank would increase its investments in Nigeria to $8 billion by next year. He disclosed this at the opening of the…
- 6 Feb 2013
AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria
African Development Bank (AfDB) yesterday signed an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively $500 million to Bank of Industry (BOI) and…