International lenders and partners this week committed another $8 billion in financing to a $48-billion project by the World Bank and African Development Bank (AfDB) to connect a total of 300 million people in Nigeria and the other African countries to electricity by 2030. AfDB Group and the World Bank Group plan to allocate $48…
Vice President Kashim Shettima urged global investors to harness the immense opportunities in Nigeria and across Africa, emphasizing that the continent is poised for economic transformation. He spoke during a forum entitled: “Roadmap to Co-create Investment Opportunities for Africa’s Frontier Markets,” at the ongoing annual meeting of the 2025 World Economic Forum (WEF) in Davos,…
The Government of Senegal, through the Ministry of African Integration and Foreign Affairs, proudly announces the official launch of the candidacy of Mr. Amadou Hott for the presidency of the African Development Bank (AfDB) Group. This official launch ceremony, which marks a major milestone for Senegal’s commitment to pan-African development, will be held on Thursday,…
The United States (U.S.) government, through the U.S. Commercial Service Liaison Office to the African Development Bank (AfDB) and U.S. Commercial Service in Nigeria, in partnership with the American Business Council (ABC) and the AfDB’s Nigeria Country Department, has hosted the Discover AfDB workshop, focusing on the Bank’s recent investments in the digital space. This…
The African Development Bank (AfDB) has approved $350million loan for the construction of a rail line between Kano-Maradi. Declaring the National Assembly’s position after an oversight tour of the Nigerian Railway Corporation (NRC’s) Lagos-Ibadan standard gauge system, yesterday, the Chairman of the Senate Committee on Land Transport, Senator Adamu Aliero, said the Senate remained committed…
Foreign investment worth millions of dollars are expected into the economy this week as the Bank of Industry (BoI), African Development Bank (AfDB), International Fund for Agricultural Development (IFAD) and Islamic Development Bank (ISB) mobilise investors to support the agricultural sector. BoI, AfDB, IFAD and ISB have okayed $800 million to reduce poverty, end hunger…
