Tag: AfDB
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AfDB doles out $134m to support Nigeria
The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production.
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AfDB report puts Africa’s GDP at 3.8% in 2024
The real Gross Domestic Product (GDP) growth for Africa is expected to average 3.8 per cent and 4.2 per cent in 2024 and 2025. The African Development Bank (AfDB) said this in its latest Macroeconomic Performance and Outlook (MEO) report.
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AfDB reviews Africa’s economic forecast for 2023, 2024
The African Development Bank (AfDB) has reviewed downward its short- to medium-term macroeconomic forecast for Africa for 2023 and 2024. The bank which said this In a statement, said it reviewed the forecast to 3.4 and 3.8 per
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How Africa can earn respect globally – AfDB president, Adesina
Africa will not earn respect globally until we end poverty at scale, says Dr Akinwumi Adesina, President, African Development Bank(AfDB). Adesina stated this on Tuesday, in Lagos at the 40th Anniversary
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Corruption not an African issue – AfDB President, Adesina
The African Development Bank (AfDB) President, Dr Akinwuni Adesina, says corruption is not an African issue. Adesina said this in a statement made available in Abuja on Saturday.
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Africa leading market frontier with huge untapped potential – Adesina
African Development Bank (AfDB) President, Akinwumi Adesina has called on Korean investors to seize untapped investment opportunities in Africa, especially in the energy and agriculture sectors. Adesina, in a statement on the Bank’s website said the Africa continent could not be ignored by investors.
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AfDB to insure farmers against effects of climate change
The African Development Bank(AfDB) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) to insulate countries against catastrophic weather-related events. The AfDB’s President, Dr Akinwumi Adesina
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No business can survive in Nigeria without generators – AfDB
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina has disclosed lack of electricity, among other factors, limits industrial manufacturing in Nigeria.
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AfDB approves $7.88m grant to boost renewable energy in Africa
The African Development Bank (AfDB) Group’s Board of Directors has approved a 7.88 million dollars grant from the Sustainable Energy Fund for Africa (SEFA) for the Africa Energy Transition Catalyst (AETC) Programme. The bank in a statement, said the programme is aimed at increasing renewable energy generation across the continent. The AETC consolidates the bank’s…
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AfDB approves $20m equity investment to boost infrastructure
The Board of Directors of the African Development Bank (AfDB) Group, has approved an equity investment of US$ 20 million to mobilise private capital for infrastructure development across the continent. The bank, in a statement on its website, said that the fund was part of Africa’s 50 Infrastructure