AFDB Archives - Page 2 of 5

AfDB Probe: Independent Panel Clears Adesina As Election Holds Aug

July 28, 2020 0

An independent panel of experts, headed by former Irish President Mary Robinson, has cleared the beleaguered leader of the African Bank of Development, Akinwumi Adesina, of corruption allegations, according to AFP.

President Buhari To AfDB President, Adesina: Nigeria Will Stand By You

June 2, 2020 0

President Muhammadu Buhari says Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank (AfDB).

AfDB Suspends Nigerian-Based Chinese Firm For Fraud

April 21, 2020 0

The African Development Bank Group says it has debarred a civil engineering company registered in Nigeria, China Zhonghao Nigeria Limited, for 18 months for fraudulent practices.

AfDB Approves N44.7bn For Water Supply In Ondo

December 14, 2019 0

Water Supply and Sanitation Project in Nigeria has received a boost as the Board of Directors of the African Development Bank (AfDB) on Thursday approved a N 44.7 billion ($ 124.2 million) loan to finance the Urban Water Sector Reform and Akure. The amount also includes an African Growing Together Fund (AGTF) loan of $20 million, to finance the project …

AfDB Advocates Unlocking Of $1.8tn AUM For Investment

October 21, 2019 0

The President of the Africa Development Bank (AfDB), Dr. Akinwunmi Adesina, has stressed the need to mobilise mutual funds and other Assets Under Management (AUM) in the continent put at $1.8 trillion, to drive Africa’s development.

Nigeria Nominates Adesina For Re-Election As AfDB President

October 7, 2019 0

President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB), the News Agency of Nigeria (NAN) reports.

Debt Servicing Gulps Over 50% Of Nigeria’s Revenue — AfDB

June 11, 2019 0

Debt servicing gulps more than 50 per cent of Nigeria’s revenue, the African Development Bank has said.

AfDB’s Investments In Nigeria Stands At $4.5bn — Official

April 25, 2019 0

The African Development Bank says its level of investment in Nigeria stands at $4.5 billion as at March 2019.

African Development Bank President Adesina Leads Delegation to IMF-World Bank Meetings

April 9, 2019 0

African Development Bank (www.AfDB.org) President Akinwumi Adesina has led a delegation to Washington DC, on Monday, to take part in the IMF/ World Bank Spring meetings from 9-12 April.

AfDB Supports African Projects With $11.3bn In Seven Years

February 27, 2019 0

About 370 transformative bank projects valued at $11.3bn were embarked upon between 2010 and 2017 by the African Development Bank in the African region. In 2018, the bank approved innovative financial instruments on 65 projects in fifteen countries valued at $2.8bn. This was disclosed when governors representing the African Development Bank West Africa region held consultative meetings with the institution’s …