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.
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 […]
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.
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 more than 50 per cent of Nigeria’s revenue, the African Development Bank has said.
The African Development Bank says its level of investment in Nigeria stands at $4.5 billion as at March 2019.
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.
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 […]
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. […]
—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 […]