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Tag "AFDB"

Akinwumi Adesina: Africa loses $15bn annually to climate change

    Akinwumi Adesina: Africa loses $15bn annually to climate change

Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa loses between $7 billion to $15 billion dollars annually due to climate change. According to NAN, on Friday, Adesina

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AfDB upgrades West Africa’s 2024 economic growth forecast from 4% to 4.2%

    AfDB upgrades West Africa’s 2024 economic growth forecast from 4% to 4.2%

The African Development Bank (AfDB) has reviewed its 2024 economic growth forecast for Nigeria and other West African countries to 4.2 percent. The forecast is an upgrade from the 4

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AfDB to support Nigeria’s power sector reforms with $1bn loan

    AfDB to support Nigeria’s power sector reforms with $1bn loan

The African Development Bank (AfDB) says it plans to support Nigeria’s power sector with a $1 billion policy-based operation (PBO) fund to boost electricity. Policy-based lending provides countries with flexible,

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AfDB, World Bank… 10 multilateral banks launch co-financing platform to improve development impact

    AfDB, World Bank… 10 multilateral banks launch co-financing platform to improve development impact

A coalition of ten multilateral development banks (MDBs) has launched a new co-financing platform to enable them to channel additional capital for development scale and impact. The financial institutions are

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‘$30bn required’ as World, AfDB partner to provide 300m Africans with access to electricity

  ‘$30bn required’ as World, AfDB partner to provide 300m Africans with access to electricity

The World Bank and African Development Bank (AfDB) have struck a partnership arrangement to boost access to electricity in Africa.

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AfDB: Financing remains major constraint of speedy transformation in Africa

  AfDB: Financing remains major constraint of speedy transformation in Africa

The African Development Bank (AfDB) says financing has remained one of the major constraints of accelerated transformation in Africa. Kevin

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AfDB approves $50m loan to support climate resilience, food security in Yobe

  AfDB approves $50m loan to support climate resilience, food security in Yobe

The African Development Bank (AfDB) has approved a $50 million loan facility to support climate change resilience, improve livelihoods and

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Akinwumi Adesina: AfDB supporting Nigeria with $134m to cultivate rice, maize, wheat

  Akinwumi Adesina: AfDB supporting Nigeria with $134m to cultivate rice, maize, wheat

The African Development Bank (AfDB) says it is supporting Nigeria with $134 million for the cultivation of rice, maize, cassava

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AfDB to mobilise finance to rehabilitate Lake Chad Basin

  AfDB to mobilise finance to rehabilitate Lake Chad Basin

The African Development Bank (AfDB) and the Lake Chad Basin Commission have signed a memorandum of understanding (MoU) to rehabilitate

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Nigeria absent as AfDB projects ‘strong economic performance’ for 11 African countries

  Nigeria absent as AfDB projects ‘strong economic performance’ for 11 African countries

The African Development Bank (AfDB) has projected that Nigeria’s economy will grow to 2.9 percent in 2024 and rise to

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