30 results
- 18 Sept 2018
AfDB, MCB Group Launch African Domestic Bond Fund
The African Development Bank and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF). It is the first multijurisdictional fixed income Exchange Traded Fund (ETF)…
- 24 Feb 2025
AfDB, Standard Bank Unite to Support SMMEs and Boost Trade
The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade…
- 25 Nov 2015
AfDB, LAPO Microfinance Bank Sign Loan Agreement
The African Development Bank Group (AfDB) and LAPO Microfinance Bank Ltd. signed a loan agreement for Nigerian Naira 2.364 billion (approximately US $12 million) to support inclusive growth in…
- 23 Feb 2009
Intercontinental Bank Gets $100M Credit Line from AFDB
African Development Bank Group (AFDB) has approved the sum of $100million Line of Credit (LoC) to Intercontinental Bank Plc to finance small and medium sized enterprises (SMEs). The Company for…
- 9 May 2013
Nigeria Owes The World Bank, AfDB $5.3Bn
Nigeria is owing the World Bank Group and African Development Bank (AfDB) has reached $5.34billion, accounting for 80.19 per cent of the country’s total $6.67 billion external debt. The country’s…
- 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…
- 16 Jun 2024
AfDB Appoints Dr. Eric Kehinde Ogunleye as Director of African Development Institute
African Development Bank has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024. Ogunleye, a Nigerian national,…
- 17 Aug 2021
AfDB Debars Sargittarius Nigeria, Affiliates for 18 Months for Fraudulent Practices
The African Development Bank Group (AfDB) has announced the 18-month debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering Limited,…
- 5 Dec 2024
AfDB, Italian Insurance Group Sign $6bn Deal to Foster Investment in Africa
In a bid to provide credit protection to foster investment in Africa under the “Mattei Plan”, SACE, an Italian insurance-financial group and the African Development Bank Group (AfDB) have signed a…
- 9 Nov 2013
Kaberuka, AfDB President Named 2013 African of the Year
Donald Kaberuka, president , African Development Bank Group (AfDB) has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of…
- 4 Feb 2026
FG Partners World Bank, AfDB on Climate Action
The Federal Ministry of Livestock Development has announced its commitment to collaborate with the World Bank Group and the African Development Bank (AfDB) to address climate change challenges…
- 8 Apr 2020
AfDB Group Unveils $10Bn Response Facility to Curb COVID-19
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest…
- 26 Jul 2026
AfDB, Nigeria Urge African Control of Mineral Resources
Nigeria and the African Development Bank (AfDB), on Sunday, called for stronger African ownership of the continent’s vast mineral resources and advocated greater data sovereignty, regional…
- 27 Jun 2022
AfDB Board Approves Establishment of African Pharmaceutical Technology Foundation
The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance…
- 8 May 2026
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria
The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for…
- 5 Dec 2024
EBRD, AfDB Group to Strengthen Collaboration in Support of SMEs in Africa
The European Bank for Reconstruction and Development (EBRD) and the African Development Bank Group are strengthening their strategic partnership to support small and medium-sized enterprises (SMEs)…
- 20 Aug 2020
AFDB Debars 4 Nigerian Companies over Fraud
African Development Bank (AFDB) group yesterday announced it has debarred four Nigerian firms over fraudulent and collusive practices. The bank made its decision to debar them for 24 months in a…
- 27 Jun 2019
AfDB Blacklists Oceanic Construction, Nigerian Firm for Fraudulent Practices
The African Development Bank Group (AfDB) has blacklisted another Nigerian firm, Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for…
- 22 Oct 2018
AfDB Launches Landmark $500M Credit Insurance Deal with ATIA, UK Reinsurers
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s…
- 16 Jul 2019
AfDB Blacklists Nigerian Firm, Its MD for Alleged Fraudulent Practice
African Development Bank (AfDB) Group has announced the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and Mr. Bamidele Obiniyi (also known as Mr. Bamidele…
- 29 Mar 2016
AfDB Tasks African Ambassadors on Economic Diplomacy
Akinwumi Adesina, President of the African Development Bank Group, has urged African diplomats to work harder on promoting the development of the continent by exploring business opportunities that…
- 22 Aug 2025
AfDB, AfCFTA Unite to Unlock $3.4 Trillion Continental Market Through Strategic Infrastructure Development
The African Development Bank Group, the African Continental Free Trade Area (AfCFTA) Secretariat, and Africa50 have signed a Memorandum of Understanding to catalyse infrastructure development across…
- 1 Nov 2013
AfDB Approves $152.50m for Agric Transformation in Nigeria
The African Development Bank Group (AfDB), Africa's premier development finance institution has approved an African Development Fund (ADF) loan of $ 152.12 million and an ADF grant of $ 0.38 million…
- 30 Apr 2013
AfDB Group Approves a new 10-Year Strategy
The economic transformation of the African continent is the cornerstone of the African Development Bank Group’s new 10-year strategy, which has been approved by the Executive Directors of the Bank,…
- 18 Dec 2023
UBA Secures $175m Facility from AfDB to Support Private Sector, Infrastructure Development
United Bank for Africa(UBA) has received a $175 million financial package from Africa Development Bank (AfDB) Group, towards enhancing its support to the private sector and financing of…
- 19 Sept 2012
Donors Welcome the African Development Fund-12 Implementation
The mid-term review of the African Development Fund (ADF-12) implementation was concluded in Praia, Cape Verde recently with donors and stakeholders encouraging the African Development Bank (AfDB) to…
- 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…
- 23 Dec 2025
AfDB Group Mobilises Global Private Capital to Close Africa’s Financing Gap
Building on the successful conclusion of the 17th replenishment of the African Development Fund (ADF-17), which mobilised $11 billion for Africa’s most vulnerable countries, the African Development…
- 2 Jun 2023
AfDB Approves $20m Investment in Private Equity Fund
The Board of Directors of the African Development Bank Group (AfDB) has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I, in support of its target to…
- 3 Apr 2020
AfDB Celebrates Milestone with First Social Bond Listing on London Stock Exchange
The African Development Bank’s “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange on Friday 3 April 2020, and is now…