14 results
- 30 Jun 2023
AfDB Approves $115m Loan to Abia State for Road Rehabilitation, Solid Waste Management
The Board of Directors of the African Development Bank Group has approved a loan of $115 million to support a major road rehabilitation project in Nigeria’s Abia State. The project will see the…
- 16 Dec 2021
AfDB Board Approves $170M for Investment in Nigeria’s Digital and Creative Start-ups
The Board of Directors of the African Development Bank has approved a loan of $170 million to finance a digital and creative enterprises program in Nigeria. The investment in Digital and Creative…
- 2 May 2022
AfDB Mulls Partnership with MFBs to Boost MSMEs
African Development Bank has said that it will work with microfinance banks to expand support for micro small, medium enterprises, MSMEs and deepen financial inclusion in Nigeria through increased…
- 18 Jul 2022
AfDB grants SEC $460,000 Facility to Boost Automation Project
In an effort to modernise Nigeria’s capital markets and support its economic transformation driven by private sector investment, the African Development Bank (AfDB) Group has signed a grant valued at…
- 5 Oct 2022
AfDB Approves $25m Facility for FSDH Merchant Bank for Local SMEs
The Board of Directors of the African Development Bank Group (AfDB) has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank in Nigeria to…
- 7 Nov 2022
AfDB, FCMB Sign $50m Agreement to Boost Access to Finance for Women-Owned Businesses
The African Development Bank (AfDB) has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and medium-sized and…
- 2 May 2023
AfDB, Africa Fintech Network sign $525,000 Grant to Strengthen Fintech in Africa
The African Development Bank, has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for…
- 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…
- 13 Nov 2023
AfDB to Disburse $618m to Nigeria for Startup Funding
The African Development Bank (AfDB) said it has finalised arrangements to disburse the sum of $618 million for the implementation of Nigeria’s investment in the digital and creative enterprise…
- 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…
- 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…
- 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…
- 5 Mar 2021
AfDB Group Provides $400,000 Grant for Securities and Exchange Commission of Nigeria
The African Development Bank Group yesterday signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market…
- 2 Feb 2024
FG, AfDB Set to Roll out $617M IDICE Fund for Digital Technology, Creative Industry
The Federal Government in collaboration with the African Development Bank (AfDB) has concluded plans to roll out a $617 million IDICE Fund for the digital technology and creative industry. The hint…