Tag: AfDB
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AfDB to build new headquarters in Abidjan
The African Development Bank Group (AfDB) says it will construct a new state-of-the-art headquarters building in Abidjan, Côte d’Ivoire.
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FG secures loan facility of $134m from AfDB
The Federal Government has secured a loan facility of 134million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country.
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64 years after independence, Nigeria’s underdevelopment disappointing – Adesina
Mr Akinwumi Adesina, President African Development Bank Group (AfDB) has decried the state at which Nigeria still remaining stagnant in so many areas of development.
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How lack of electricity is killing businesses in Nigeria – Adesina
Mr Akinwumi Adesina, President, African Development Bank Group (AfDB), says Nigeria is losing about 29 billion dollars annually due to a lack of reliable power supply.
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AfDB invests $10.9 bn in Nigeria
The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars.
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AfDB chief warns food importation policy could harm Nigeria’s Agriculture
Dr. Akinwumi Adesina, President of the African Development Bank Group, has expressed concerns that
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US supports AfDB’s $117bn capital increase
The United States (US) has joined shareholders in endorsing a general callable capital increase (GCCI) of up to 117 billion dollars (about N175.5 trillion at N1,500 per dollar) for the African Development Bank( AfDB) Group. The AfDB in a statement said the US recognised the bank and its African counterparts as key partners in fostering
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Conflict of interest hinders implementation of AfDB’s anti-corruption fund – Adesina
The African Development Bank (AfDB) President, Akinwumi Adesina, says conflict of interest is hindering implementation of the bank’s anti-corruption fund. Adesina, in an interview, said the bank established an anti-corruption fund of about 55 million
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GDP not enough to measure economic growth – AfDB
Akinwumi Adesina, the President, African Development Bank (AfDB), says an increase in the Gross Domestic Product (GDP) must translate to job creation for youths to ensure growth on the continent.
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Debt for growth is not bad – AfDB
The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry any negative connotation.