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AfDB approves increased capital of $117bn to support Nigeria, others

The Board of Governors of the African Development Bank (AfDB) Group, has approved a capital increase of 117 billion dollars…

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AfDB set to begin disbursement of $540m SAPZs Fund

By Cross Udo, Abuja All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million…

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AfDB set to tackle illicit financial flows, corruption in Africa – Official

In its efforts to tackle illicit financial flows and corruption in Africa, the African Development Bank (AfDB)  has begun the…

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AfDB’s investments in Nigeria hits $4bn, says official

The African Development Bank(AfDB) says its portfolio in Nigeria is one of the largest among the Regional Member Countries (RMCs),…

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AfDB, Korea sign $28.6m grant agreement to support Africa’s development

The African Development Bank (AfDB) and the Government of Korea have signed a $28.6 million dollars grant to boost Africa’s…

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AfDB to rich nations: Channel IMF’s reserve funds to projects on climate change

The African Development Bank (AfDB) has urged rich nations to channel their International Monetary Fund (IMF) special drawing rights through…

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Africa faces annual GDP shortfall of $127.2bn by 2030 – AfDB

African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by…

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Open your borders to encourage trade, AfDB tells African countries

The bank said it was important for Africa to hasten the free trade of goods and services within the continent.…

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AfDB urges open borders to encourage free trade

The African Development Bank (AfDB) has urged African countries to open their borders to encourage the promotion of the African…

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Cost of bread now beyond the reach of many Africans — Adesina

The African Development Bank (AfDB) says the cost of bread is now beyond the reach of many households in Africa…

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