30 results
- 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…
- 6 Mar 2023
European Investment Bank Unveils Fibre Plan for 2.5m Africans
As efforts to close the gap on digital divide in Africa accelerate, European Investment Bank (EIB) has unveiled a bold plan to connect more than two million people in the Democratic Republic of the…
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 27 Jun 2018
European Investment Bank Plans €700m Investment in Nigeria
Ms Isabelle Grunderbeeck, the Regional Representative for West Africa of European Investment Bank (EIB), says the bank plans to invest 700 million euros in some identified projects in Nigeria.…
- 15 Feb 2010
European Bank Loans $330 Million to 3 Nigerian Banks
European Investment Bank (EIB) has granted a N240 million loan ($330 million) to three Nigerian banks for the development of infrastructural facilities in the country. The three banks that benefited…
- 23 Mar 2016
IFC, Ecobank, Other Partner to Boost SME Finance Across Africa
IFC, a member of the World Bank Group, the European Investment Bank (EIB) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and leading pan-African full-service…
- 6 Oct 2014
FG urges EU to Invest in Development Bank
Federal Government has urged the European Union to invest in the proposed Wholesale Development Bank through the union’s development financing outfit, the European Development Bank. A statement from…
- 8 Sept 2008
EIB Grants N2Bn Aid to ICT Firms
The European Investment Bank (EIB) has made available some $20 million investment facility to Adlevo Capital Africa LLC to support the growing number of Information and Communications Technology…
- 20 Mar 2026
African Tech Start-ups to Receive $46m of Speedinvest Africa Fund
African technology start-ups will receive a $46 million (€40 million) commitment from EIB Global, the development arm of the European Investment Bank (EIB). The funds will be deployed through the…
- 21 Nov 2016
AfDB, EIB Launch Initiative to boost Innovative Entrepreneurs Across Africa
Boost Africa Initiative, a unique partnership in support of innovation and entrepreneurship across Africa has been launched on Monday, in Abidjan by the European Investment Bank (EIB) and the African…
- 10 Jan 2024
EIB Global Invests $30M in Seedstars Africa Ventures I
Innovative businesses and start-ups across Africa will benefit from better access to risk capital thanks to a US$30 million equity investment by EIB Global in the Seedstars Africa Ventures I venture…
- 9 Nov 2024
African Fintech Sector Grows, Enhancing Access to Finance
A new European Investment Bank (EIB) research released yesterday shows the number of fintech companies in Africa has nearly tripled since 2020, boosting access to finance for people and businesses…
- 2 Oct 2013
AfDB Invests $70m n PTA Bank to Boost Trade in Africa
Board of Directors of the African Development Bank (AfDB) has approved a financial package consisting of $20 million in additional equity and a $50-million line of credit (LOC) to finance projects in…
- 19 Apr 2022
AfDB Earmarks €9.8m Equity Investment to Drive Tech
The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of €9.8-million to support venture capital investments in African start-ups, from seed to growth…
- 21 Mar 2022
IFC, African and European Partners Launch Alliance to Support SMEs in Africa
To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African, European, multilateral and bilateral partners today launched the…
- 16 Jul 2026
BOI Pledges to Drive Nigeria's Cocoa and Dairy Sectors with 70% of its €85m EIB Facility
Bank of Industry (BOI) has secured a €60 million credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and…
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…
- 21 Jun 2026
BoI's EIB-Backed Financing Accelerates Fidson's Pharmaceutical Manufacturing Growth
Fidson Healthcare Plc has commended the Bank of Industry (BoI) for its pivotal role in facilitating concessionary financing that is accelerating the growth of Nigeria's pharmaceutical manufacturing…
- 8 Dec 2024
Seedstars Africa Ventures I Announces $42m First Close
Seedstars Africa Ventures I, a venture capital fund making early-stage investments in highly scalable start-ups in Africa, has achieved a first close of $42 million, with participation from the…
- 27 Nov 2013
Convergence Partners Accelerates ICT Development via Infrastructure Fund
Convergence Partners - an investment management firm focused on the telecommunications, media and technology sector in Africa yesterday announced the launch of the Convergence Partners Communications…
- 29 Jul 2015
Convergence Partners Concludes Plans for $200m Pan-African ICT Infrastructure Fund
Convergence Partners, an investment management firm focused on the African telecommunications, media and technology sector, on Tuesday announced the successful final close of its Convergence Partners…
- 17 Apr 2022
NDPB Partners ID4D in Boosting National Economy
The Nigeria Data Protection Bureau (NDPB) as part of its efforts in making data privacy a cornerstone of sustainable digital economy in the country are collaborating with the Nigeria Digital…
- 25 Dec 2024
World Bank Raises Nigeria’s NIN Target to 180m
World Bank has raised Nigeria’s target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting…
- 25 Mar 2026
EU Pumps €290m into Nigeria’s Digital, Health, Agri Sectors
European Union has unveiled a €290 million investment package for Nigeria, targeting key sectors including digital infrastructure, healthcare manufacturing, agriculture, and migration management. The…
- 18 Jan 2024
NIMC, NCC Partner Security Agencies to Track Kidnappers- Odusote
National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) are currently working with security agencies to use the National Identity Numbers (NIN) and Subscribers…
- 13 Oct 2025
EU Grants Nigeria N320.5Bn to Boost Agriculture
European Union’s development cooperation with Nigeria has received a boost with a N320.5 billion (€190 million) credit line allocated to Nigerian commercial banks to broaden their lending to the…
- 27 Jul 2021
Convergence Partner Secures $120M Fund to Drive Digital Inclusion in Africa
Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital…
- 13 Jan 2017
FG Applies for Banking Licence for DBN
Federal government has formally applied for operational license for Development Bank of Nigeria (DBN) from the Central Bank of Nigeria (CBN). A statement from the Federal Ministry of Finance…
- 30 Mar 2017
CBN Grants National License to DBN
The Central bank of Nigeria (CBN) has granted a national license as a Wholesale Development Finance Institution to the Development Bank of Nigeria (DBN) Plc. As a wholesale bank, the DBN will lend…
- 8 Oct 2017
EU Seeks Youth Participation in Economic Transformation Through ICT
Participants at the European Union- Nigeria Business Forum have expressed optimisms in the potency of the information and communication industry to provide grounds for youths to thrive. The…