30 results
- 16 Jul 2024
Nigeria’s food importation policy could destroy country’s agriculture, warns Akinwumi Adesina
Dr. Akinwumi Adesina, President of the African Development Bank Group has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture. Dr.…
- 13 Jul 2023
Akinwumi Adesina, AfDB Chief says Nigeria Must Unleash an Industrial Revolution
Dr. Akinwumi Adesina, the President of the African Development Bank has said Nigeria urgently needs to revolutionise its industrial sector to become an economic giant. When it does, this will…
- 27 May 2020
Adesina Denies Stepping Down as AfDB President
Dr. Akinwumi Adesina, president, African Development Bank (AfDB) has denied stepping down from office. Dr. Akinwumi Adesina Adesina, in a statement, said “the bank’s institutional framework is solid…
- 10 May 2024
Dr. Adesina, AfDB Group President Calls for Media Transformation to Uplift Africa’s Global Narrative
Dr Akinwumi Adesina, the President of the African Development Bank Group, delivered an impassioned plea for more balanced media coverage of Africa and its development, noting it was critical for…
- 12 Apr 2020
Adesina, AfDB Boss Faces Allegations Ahead of Re-election Bid
African Development Bank (AfDB) is battling internal wrangles after some employees accused Dr Akinwumi Adesina, its president, of multiple abuses and breaches of the bank’s code of ethics. Dr…
- 8 Feb 2018
AfDB Achieved Highest Annual Disbursement in 2017 – Adesina
Dr Akinwumi Adesina, President of African Development Bank (AfDB), said that the Bank, 2017, achieved its highest annual disbursement ever of 7.67 billion dollars on supports. Adesina said this in a…
- 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…
- 1 Apr 2024
Adesina, AfDB President Advocates Renaming Nigeria to "United States of Nigeria"
Dr. Akinwumi Adesina, president, African Development Bank Group (AfDB)has proposed a significant overhaul in the nomenclature of Nigeria, advocating for the adoption of "The United States of Nigeria"…
- 29 Aug 2021
Adesina Commend Singapore’s Investment in Africa at ASBF
Dr. Akinwumi Adesina the President of the Africa Development Bank, has commended Singapore for its huge investment in Africa. Adesina who spoke at a panel discussion at this year virtual edition of…
- 3 Jun 2015
AfDB Presidency: Brand South Africa Congratulates Nigeria
Brand South Africa congratulates Nigeria on the appointment of Dr. Akinwumi Adesina as President of the African Development Bank (AfDB). In a statement signed by Ms. Alice Puoane, acting chief…
- 2 Apr 2024
How Nigerian University of Technology and Management, AfDB are Pioneering Youth Skilling in Africa
President of the African Development Bank Group Dr Akinwumi Adesina and the leadership of the Nigerian University of Technology and Management (NUTM) say equipping Africa’s youth with quality…
- 3 Sept 2019
AfDB Appoints Chinelo Anohu to Head Africa Investment Forum
Dr. Akinwumi Adesina, President of the African Development Bank Group, has announced the appointment of Mrs. Chinelo Anohu, a highly accomplished international corporate lawyer, as head and senior…
- 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…
- 26 Sept 2016
AfDB to Invest $10Bn in Nigeria by 2019
The African Development Bank (AfDB) says it will increase its investment in Nigeria by $4.1 billion between 2016 and 2017 and raise it up to $10 billion by 2019. Dr Akinwumi Adesina, Bank’s…
- 18 Mar 2022
AfDB Secures $15.6bn for Lagos-Abidjan Highway
Dr Akinwumi Adesina, the President of the African Development Bank, announces that the bank has secured $15.6bn for the construction of the Lagos-Abidjan highway corridor, which would ease…
- 4 May 2025
FG Faults AfDB's Adesina on Nigeria's GDP Per Capita Figures
The Presidency has faulted claim of Akinwumi Adesina, president, African Development Bank (AfDB), on the current Nigeria’s Gross Domestic Product (GDP) per capita figures versus the level it was in…
- 29 May 2015
Adesina Wins AfDB Presidency
Akinwumi Adesina yesterday became the eighth President of the Africa Development Bank (AfDB) after winning in a tight race. Cape Verde’s Cristina Duarte, the first woman to seek the post, Chad’s…
- 7 May 2020
AfDB Committee Clears Adesina of Allegations of Private Gains, Others
The Ethics Committee of the Board of Directors of the African Development Bank (AfDB), charged with investigating charges brought by a group of employees of the institution against Akinwunmi Adesina,…
- 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,…
- 4 Sept 2013
AFEX, Ministry of Agric Pioneer National Warehousing Project
African Exchange Holdings (AFEX), a pan-African holding company founded by Tony O. Elumelu, chairman of Heirs Holdings, Nicolas Berggruen, chairman of Berggruen Holdings, and Jendayi Frazer,…
- 27 Jan 2025
AfDB, World Bank Collaborate to Transform Africa’s Energy Access, Connect 300 million by 2030
Connecting 300 million Africans to electricity within the next five years is within reach through collaborative effort and commitment to implementation, participants at the Africa Energy Summit in…
- 27 Mar 2023
Osun to Tap into AfDB $618m Tech Fund
Osun State Governor, Ademola Adeleke, had expressed readiness of his administration to collaborate with the African Development Bank and tap into opportunities provided by the organisation through…
- 22 Jan 2020
AfDB says $1.8trn Available for Investments in Africa
The African Development Bank (AfDB) has said the total assets under management alone by pension funds, sovereign wealth funds and the insurance sector in Africa is about $1.8 trillion; monies that…
- 14 Jul 2016
AfDB, ASEA Join Forces to Deepen Africa’s Capital Markets
The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) have signed, a five-year Memorandum of Understanding (MoU) to amplify the impact of their strategically…
- 4 Jul 2014
FG Says There is No GMO Foods in Nigeria
Federal government has denied the presence of Genetically Modified Organism (GMO) foods in Nigeria, allaying the fears of positive effects of using atomic energy to ensure food security and…
- 7 Jul 2024
AfDB Appoints Dr Babatunde Samson Omotosho as Director of Statistics Department
African Development Bank has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024. Dr Babatunde Samson Omotosho Dr…
- 29 Aug 2019
AfDB Spends $2Bn to Train African Scientists
African Development Bank (AfDB) has said it has committed $2 billion to the education and training of six million science students in Africa from 2005 to date. A statement by the bank’s Communication…
- 28 Jun 2017
AfDB Seeks MSMEs Lending in Africa to be Increased to $135Bn
The African Development Bank (AfDB) has called on financial credit providers to increase lending to Micro, Small and Medium Enterprises (MSMEs) in Africa to 135 billion U.S. dollars. A statement…
- 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.…
- 6 Nov 2022
Africa Investment Forum 2022 Draws $31 billion in Investor Interest
This year’s just concluded Africa Investment Forum Market Days—the continent’s premier investment platform—has drawn $31 billion in investment interest from African and global investors. Combined…