AfDB

Development Bank of Nigeria Visits AFDB to Benchmark Sustainability And Resilience Into Financing

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A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing tools and best practices for … Read more

AfDB, USTDA Renew Pact to Boost African Infrastructure

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THE African Development Bank (AfDB) and the US Trade and Development Agency (USTDA) have renewed their strategic partnership, extending their Memorandum of Understanding (MOU) for another five years. The agreement, which highlights a shared commitment to advancing quality infrastructure across Africa, aims to strengthen national procurement systems and align them with international best practices. Signed … Read more

AfDB Unveils $850m Strategy to Drive Ghana’s Industrial Growth

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THE African Development Bank (AfDB) has approved a bold strategy for Ghana, aimed at fostering a resilient, inclusive economy driven by private sector-led industrialisation. The Country Strategy Paper (CSP) 2024-2029, which was approved by the Bank’s Board of Directors early November, prioritises two main goals: accelerating industrialisation through private sector development and establishing a sustainable transport … Read more

Power: AfDB, EU Mull Nigeria’s Inability To Connect 95m Rural Dwellers

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THE European Union (EU) and African Development Bank (AfDB) are in the process of redefining their financing grants to catalyse Nigeria’s electricity industry to bridge the supply gap that has left about 95 million people in darkness. Chief Adetayo Olowoniyi, the Chief Technical Adviser, Federal Ministry of Power, made this known in Lagos on Tuesday … Read more