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AfDB

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Africa Must End Food, Pharma Import Dependence – AfDB President

June 23, 2022 Newsdiaryonline Admin 0

Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said in Kigali, on the sidelines […]

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Taraba Govt., AfDB  present 239 youths with starter packs, tool kits

May 30, 2022 Newsdiaryonline Admin 0

The Taraba Government in collaboration with the African Development Bank (AFDB) on Monday presented 239 youths in state trained on various skills with tool kits […]

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AfDB targets wheat importation cut in Nigeria by 40% by 2023

May 27, 2022 Newsdiaryonline Admin 0

 The African Development Bank (AfDB) says the heat-tolerant wheat production, being supported by the Bank in Nigeria, will help reduce importation of the product by […]

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Africa needs annual investment of $40bn on energy for electricity – AfDB

May 26, 2022 Newsdiaryonline Admin 0

 The African Development Bank (AfDB) says Africa needs an annual investment of 32 to 40 billion dollars along the energy value chain to achieve universal […]

Buhari tasks World Bank, AfDB, others to activate $19bn fund for PAGGW’s activities

May 9, 2022 Newsdiaryonline Admin 0

By Ismaila Chafe President Muhammadu Buhari has urged the World Bank, African Development Bank (AfDB) and other partners to support the One Planet Summit initiative […]

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AfDB secures $15.6bn investment for construction of Lagos-Abidjan highway

May 6, 2022 Newsdiaryonline Admin 0

Dr Akinwumi Adesina, the president, African Development Bank (AfDB), says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. […]

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Buhari lauds AfDB for steps taken to avert food crisis

April 26, 2022 Newsdiaryonline Admin 0

 President Muhammadu Buhari has lauded the Africa Development Bank (AfDB) for planning ahead of whatever negative consequences may come from the Russia-Ukraine war in terms […]

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ADF @50: invests $45bn across 40 countries — AfDB

April 26, 2022 Newsdiaryonline Admin 0

The African Development Bank (AfDB), says the African Development Fund (ADF) has invested 45 billion dollars in 2,750 operations across 40 African countries. The Bank […]

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AfDB, AU sign agreement for institution capacity building project

April 12, 2022 Newsdiaryonline Admin 0

By Nana Musa The African Development Bank (AfDB) and African Union (AU) have signed a protocol of agreement for the AU’s institution capacity building project.This […]

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AfDB provides $14m grant to boost food security in South Sudan

January 10, 2022 Newsdiaryonline Admin 0

African Development Bank (AfDB) on Monday announced a 14 million U.S. dollar grant to boost food security, value addition and trade in South Sudan. Benedict […]

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Farmer-Herder clashes: AfDB to train herdsmen, others on ranching

December 16, 2021 Newsdiaryonline Admin 0

The African Development Bank (AfDB)is to train herdsmen and other Nigerians on livestock farming and ranching in the first phase of the initiative to create […]

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Ongoing AFDB projects in Bauchi State reach 85% completion

November 22, 2021 Newsdiaryonline Admin 0

The Management of the African Development Bank (AFDB) says the ongoing developmental projects it is executing in some parts of Bauchi State have reached 85 […]

AfDB, World Bank collaborate to enable remote monitoring, evaluation of projects –official

November 13, 2021 Newsdiaryonline Admin 0

The African Development Bank (AfDB) has collaborated with ICT initiative, Remote Appraisal, Supervision, Monitoring and Evaluation (RASME), to enable remote monitoring and evaluation of development […]

Green Climate Fund approves $150m support for AfDB ‘s Desert-to- Power Initiative

November 11, 2021 Newsdiaryonline Admin 0

Dr Akinwumi Adesina, the President African Development Bank (AfDB), has expressed appreciation for the Green Climate Fund’s approval of 150 million dollars to support its Desert-to-Power […]

AfDB pledges support for recharging of water to Lake Chad Basin

November 3, 2021 Newsdiaryonline Admin 0

Dr Akinwumi Adesina, the President, African Development Bank (AfDB), has pledged the Bank’s support for the recharging of water to the Lake Chad Basin. Adesina […]

AfDB, MTN sign $0.5m grant-agreement to study women’s access to financial-services

October 21, 2021 Newsdiaryonline Admin 0

The African Development Bank (AfDB) has signed a grant agreement worth $500,000 dollars with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN, for […]

Insurgency responsible for delay in AfDB North East assisted rural water supply — Minister

September 30, 2021 Newsdiaryonline Admin 0

The Minister of Water Resources, Mr Suleiman Adamu says insurgency in the North East is responsible for the delay in the African Development Bank (AfDB) […]

AfDB Legal support facility saves African countries $4bn

September 25, 2021 Newsdiaryonline Admin 0

Interventions by the African Legal Support Facility (ALSF) have saved African countries an estimated four billion dollars in the last three years. This is according […]

NPA MD says Nigeria poised to become Africa’s maritime hub

September 20, 2021 Newsdiaryonline Admin 0

Acting Managing Director of the Nigerian Ports Authority (NPA) Mohammed Bello-Koko says the organisation is poised to leverage Nigeria’s status as Africa’s biggest economy to […]

AfDB to spend $1m on modernising Africa’s aging hydropower stations

September 18, 2021 Newsdiaryonline Admin 0

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved a one-million-dollar grant for the modernisation of Africa’s aging hydropower […]

SEC begins implementation of risk-based supervision project

August 11, 2021 Newsdiaryonline Admin 0

The Securities and Exchange Commission (SEC) has begun the implementation of the regulatory capacity improvements under the risk-based supervision framework and capacity building project. The […]

AfDB to support tech-based MSMEs with $500m -Osinbajo

August 8, 2021 Newsdiaryonline Admin 0

Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to  support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million […]

World Bank, AFDB provide $550m support for off-grid solutions –REA

August 2, 2021 Newsdiaryonline Admin 0

The Rural Electrification Agency (REA) has announced the provision of $550m in funding by the World Bank (WB) and the African Development Bank (AfDB) to […]

AfDB to spend additional $2bn on AfCFTA related infrastructure 

June 25, 2021 Newsdiaryonline Admin 0

The African Development Bank (AfDB) has said it expects to spend an additional two billion dollars on African Continental Free Trade Area (AfCFTA) related infrastructure […]

Women empowerment: AfDB to provide $500m to businesses by end of 2021

June 25, 2021 Newsdiaryonline Admin 0

The African Development Bank (AfDB) has said it would provide 500 million dollars of lending to women-empowered businesses by the end of 2021, through its […]

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