Tags: AfDB

“Corruption does not invest in the future, it kills the future” – Akinwumi Adesina, at World Peace Summit of Global leaders

“We are working hard with governments to improve transparency, governance, accountability and project delivery across the continent. Corruption does not invest in the future, it kills the future,” Akinwumi Adesina,   President of the African Development Bank (www.AfDB.org) said at the World Peace Summit of Global Leaders. According to the World Economic Forum, an estimated…

AFDB approves US$14.12m to support Nigeria’s membership in African Trade Insurance Agency

………Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to over US$ 5 billion by 2020 The African Development Bank Group (www.AfDB.org), through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s…

African Development Bank Lauds Egypt’s Economic Rebound, Partnerships, at Africa 2018 Forum

Egypt is the Bank’s second largest regional shareholder and third client in terms of cumulative historical approvals, making it the Bank’s strong partner African Development Bank (www.AfDB.org) President Akinwumi Adesina has saluted Egypt’s strong macroeconomic performance, its improved ranking in the ‘Doing Business Index,’ and the success of major projects in which the Bank is…

AFDB to play bigger role in African economies through investing in infrastructure private equity

  The Bank’s investment will also ensure the highest environmental and social standards are applied to Africa Infrastructure Investment Fund (AIIF3) The Board of Directors of the African Development Bank (www.AfDB.org) has approved its third equity investment of US$40 million in Africa Infrastructure Investment Fund (AIIF3), a closed-ended pan-African infrastructure fund managed by South Africa-based…

African Development Bank launches Africa Energy Portal

The African Development Bank has launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg “Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The…

African Development Bank Boosts Jobs for Youth in Africa Strategy with close to $2 Million

Fund for African Private Sector Assistance (FAPA), of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab (eLab) programs ABIDJAN, Ivory Coast, September 25, 2018/ — The…