Tag Archives: AFDB

AfDB says African economies through the worst of downturn .Economies are resilient, growth seen accelerating: Adesina

September 22, 2016 0

  AfDB says African economies through the worst of downturn .Economies are resilient, growth seen accelerating: Adesina African economies are probably through the worst of their downturns and growth should accelerate next year, driven by investments in infrastructure and attempts to diversify from commodities, according to the African Development Bank. The continent’s growth rate may be around 3.5 percent this …

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AfDB approves $9m equity investment for SME’s in Nigeria

August 10, 2016 0

The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a press statement issued by the bank on Monday and published on its web: www.afdb.org. According to (NAN) the statement said that FAFIN is a first-generation private …

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