African Development Bank

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 at the recent African Development Bank’s Annual Meetings in Nairobi, Kenya. The initiative will develop … Read more

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 and the 50th meeting of the African Development Fund (ADF). NAN reports that the meeting … Read more

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 Sunday shortly after inspecting various projects. “The work started in October 2020 and has advanced, … Read more

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 Nasarawa Investment Summit 2024. Adeshina, represented by Lamin Barrow, the Director-General of the AfDB’sAfDB’s Nigeria … Read more

THE African Development Bank (AfDB) and InterAmerican Development Bank (IDB) have welcomed International Monetary Fund’s (IMF) Executive Board’s approval of the use of Special Drawing Rights (SDRs) for Hybrid Capital Instruments. The AfDB, in a statement, said the IMF approval allowed countries to channel SDRs through multilateral development banks. It said the AfDB-IDB financial instruments … Read more

Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d’Affaires to Cote d’Ivoire, recently paid a courtesy visit to Mr. Rufus N. Darkortey, Executive Director for Sudan at the African Development Bank (www.AfDB.org). The meeting, held on April 4, 2024, at the African Development Bank’s headquarters in Abidjan, focused on collaborative efforts by the Bank to address … Read more

THE African Development Bank (AfDB) says it will partner with Bayero University Kano (BUK), on entrepreneurship and climate adaptation towards addressing food security in Northern Nigeria. Dr Beth Dunford, the AfDB Vice President of Agriculture, Human and Social Development, made this known on Wednesday when she visited the University Centre for Dry Land Agriculture in … Read more

ENGIE Energy Access (EEA) Head of Funding Marie Testard will discuss unlocking clean energy finance at the Invest in African Energy (IAE) forum, taking place in Paris this May. EEA represents the leading mini-grid and off-grid Pay-As-You-Go solar energy company in Africa, committed to raising electrification rates across the continent. In Nigeria, the company is … Read more

THE African Development Bank’s (www.AfDB.org) Japan Africa Dream Scholarship program invests in promising African students from Bank member countries at partner universities in Africa and Japan, financing their tuition, travel, and upkeep for post-graduate studies. The program aligns with the goal of the Bank’s Skills for Employability and Productivity in Africa, which is to increase innovation … Read more