Tag: AfDB
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How Fuel subsidy is killing Nigeria’s economy – AfDB president
Dr Akinwumi Adesina, the President African Development Bank (AfDB), says Fuel subsidy is killing Nigeria’s economy, costing it 10 billion dollars alone in 2022.
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Africa needs $2.7trn to finance climate change – Adesina
African Development Bank (AfDB) Group President, Akinwumi Adesina, said Africa will need about 2.7 trillion dollars by 2030 to finance climate change. Adesina said this at the on-going 2023 AfDB Annual Meetings in Sharm El Sheikh, Egypt on Monday.
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Africa will face 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 2030.
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AfDB: Gov. Adeleke creates desk for $618m tech fund
Gov. Ademola Adeleke of Osun has directed the establishment of a support desk for Osun tech innovators and entrepreneurs. This is to allow them access the recently launched 618 million dollars tech fund by the African Development Bank (AfDB).
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TNG Deal Breakers: AfDB’s US$520m Agriculture funding and Priorities of Export Processing Zones
The figures peddled by Nigeria’s export processing zones regulator are quite exciting. On the face of it, one could conclude that Nigeria has made landmark milestones on its economic development frontiers. However, the underlying ratios in terms of well-known Nigeria’s comparative advantages – or yet-to-be-developed advantages – do not give a picture of commensurate progress…
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Obasanjo commiserates with AfDB President Adesina over mother’s death
Former President Olusegun Obasanjo, has commiserated with Dr Akinwunmi Adesina, the President, African Development Bank (AfDB) over the death of his mother, Mrs Eunice Adesina. The former president in a letter addressed to Adesina, said late Eunice was a hardworking personality, who dedicated her life to her family and the church of Christ. He said…
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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 Continental Free Trade Area (AfCFTA). Mr Lamin Barrow, Director-General, Nigeria Country Department, AfDB, said this on the sideline of the release of the Africa Visa Openness Report in Balaclava, Mauritius.
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AfDB signs MoU with Egypt to host bank’s 2023 annual meetings
The Government of Egypt and the African Development Bank (AfDB) Group have signed a Memorandum of Understanding (MoU) to host the AfDB annual meetings in May 2023. This is contained in a statement issued by the Communication and External Relations Department of AfDB, which was made available tto newsmen on Tuesday in Abuja. The statement said…
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Insecurity: AfDB to develop Index Bond for Africa
The African Development Bank (AfDB) Group says it has obtained approval from its Board of Governors to develop a Security Index Investment Bond to address insecurity in Africa. Dr Akinwumi Adesina, the President of the AfDB Group, said this at a news conference to wrap up the 2022 Annual Meetings of the Bank in Accra,…
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APC insists on screening Emefiele, Jonathan
T he National Working Committee (NWC) of the All Progressives Congress (APC) has unfolded plans to screen former President Goodluck Jonathan, Minister of Labour and Employment Dr. Chris Ngige, Central Bank of Nigeria (CBN) Governor Godwin Emefiele and African Development Bank (AfDB) President Akinwunmi Adesina.