AfDB Supports African Projects With $11.3bn In Seven Years

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 […]

AfDB Bans Nigerian Company Over Fraudulent Bids

The African Development Bank Group (AfDB) has announced the ban of ALG Global Concept Nigeria Limited from participating in Bank-financed projects for 36 months. The construction company registered in Nigeria, as well as its Managing Director, Mr. Abuharaira Labaran Gero, were slammed with the ban by the Office of Integrity and Anti-Corruption of the Bank. […]

Adesina Calls For Actions To Lift 1bn People Out Of Hunger

—Says World Not Winning War Against Hunger Tayo Olanipekun The African Development Bank (AfDB) has called on global partners for efforts to lift one billion people worldwide out of hunger. The Bank also announced that it was leading the way by investing $24bn in African agriculture over the next 10 years,according to a statement in […]