THE African Development Bank (AfDB) announced on Thursday the approval of a $1bn loan to Transnet, South Africa’s state-owned rail and ports company. This loan is fully guaranteed by the South African government and will finance the initial phase of…
THE African Development Bank (www.AfDB.org) has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024. Dr Omotosho, a Nigerian national, has more than 21 years experience in developing data strategies…
THE African Development Bank (www.AfDB.org) has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute (apo-opa.co/4cjzZUN), effective June 1, 2024. Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and development economics,…
IN a packed auditorium at Chatham House, African Development Bank President Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and media, emphasising Africa’s untapped potential and abundant opportunities. During his presentation on…
THE African Development Bank (www.AfDB.org) has appointed Chioma Angela Onukogu as the Director of Board Affairs and Proceedings in the Office of the Secretary General and the General Secretariat, effective 16th April 2024. Onukogu, a Nigerian national, brings over 25…
THE African Development Bank (AfDB) and technology giant Intel have formalised their cooperation to revolutionise the African digital ecosystem. This partnership aims to equip 3 million Africans and 30,000 government officials with artificial intelligence (AI) skills. The agreement was sealed…
THE Board of Governors of the African Development Bank (AfDB) Group, has approved a capital increase of 117 billion dollars to further support Nigeria and other countries on the continent. The AfDB President, Dr Akinwumi Adesina, said this at the…
THE city of Nairobi is bustling as it plays host to the prestigious Annual Meetings of the African Development Bank (AfDB) Group. The News Agency of Nigeria (NAN) reports that the event marks the 59th Annual Assembly of the AfDB…
THE African Development Bank (AfDB), says its 209.17 Euro Kenol—Sagana—Marua Highway Project in Kenya will be completed in December. Mr Richard Malinga, AfDB’s Transport Engineer and Desk Manager of the project said this when he briefed newsmen in Nairobi on…
THE African Development Bank, AfDB has announced an investment of $1.44 billion to facilitate the development of energy, power, transport, water, and sanitation infrastructure in Nigeria. The financial institution’s President, Akinwunmi Adeshina, disclosed this in a recent statement at the…
