SEC, AfDB advocate green finance to boost eco-friendly economy The Securities and Exchange Commission in collaboration with the African Development Bank, have called for a heightened embrace of green finance as a strategy to combat climate change and foster a sustainable economy in the country. The Director-General of the[Read More…]
AfDB to support Nigeria’s power sector reforms with $1bn loan The African Development Bank announced its plans to support Nigeria’s power sector with a $1 billion policy-based operation (PBO) fund to boost electricity access. Kevin Kariuki, AfDB vice-president, power, energy, climate change and green growth complex, revealed the[Read More…]
UBA secures $175 million facility from AfDB United Bank for Africa (UBA) has received a $175 million financial package from the Africa Development Bank (AfDB) Group for enhancing its support to the private sector and financing of Nigeria’s infrastructure development. This facility comprises a $100 million in long-term senior[Read More…]
AfDB, Afrexim, Others Pledge $3bn Funding For Africa’s Agro-industrial Growth The African Development Bank Group, Africa Export-Import Bank, Arise Integrated Industrial Platforms, the Islamic Development Bank Group and the United Nations Industrial Development Organisation have launched a new alliance to bridge the critical financing gap in agriculture on the[Read More…]
AfDB backs Tinubu over forex rate Unification African Development Bank (AfDB) yesterday in Abuja commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into the foreign exchange (forex) market. Its President, Dr Akinwumi Adesina, spoke in Abuja at the 2nd Edition[Read More…]
AFDB approves $11m to support SMEs The African Development Bank (AfDB) Group, at the weekend, approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances AfDB’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing,[Read More…]
