We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State
  • All (1)
Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State

The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State. The project addresses critical health system gaps in Sokoto, where key…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • L–R: Hon. Otumchere Oti, Abia State Commissioner for Works; Mr. Mahaman Mourtala Mamoudou Abdoussalam, Operations Team Leader, Economic Infrastructure, Islamic Development Bank; Dr. Abdul B. Kamara, Director General for Nigeria, African Development Bank Group; His Excellency Dr. Alex Otti, Governor of Abia State; and Dr. Oyebola Akande, Assistant Director, International Economic Relations Department, Federal Ministry of Finance, Nigeria
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank and Partners Launch a $263.8 Million Infrastructure Project to Transform Urban Development in Abia State

The project will rehabilitate more than 248 kilometers of roads in the cities of Umuahia and Aba

The African Development Bank (www.AfDB.org), in partnership with the Islamic Development Bank, Nigeria’s Federal Government and the Abia State, has launched the Abia State Integrated Infrastructure Development Project, a transformative $263.8 million initiative to modernize urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development over the next five years. The…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Curtain falls on African Development Bank Group 2025 Annual Meetings, New President Elected

On Thursday, governors of the Group’s 81 shareholders elected former finance minister Mauritanian Sidi Ould Tah as the new president of the continent’s premier development institution

Nigeria provides $500 million to extend the Nigeria Trust Fund for another 15 years  “It has been the greatest honour of my life to serve as president of the African Development Bank Group and to serve Africa “– Dr. Akinwumi Adesina  The African Development Bank Group’s 2025 Annual Meetings (www.AfDB.org)…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Development Bank of Nigeria visits African Development Bank to benchmark sustainability and resilience into financing

Through the African Financial Alliance on Climate Change (AFAC), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments

A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (2)
    • President Adesina (center in blue suit), Vice President Kashim Shettima (to his left in beige traditional attire) lay the foundation for the $538 million Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, marking a milestone in Nigeria’s journey to become a food export leader through agro-industrialization
    • Vice President Kashim Shettima, African Development Bank President Dr. Akinwumi Adesina, Governor Bassey Out, and other dignitaries unveil the plaque for the Special Agro-Industrial Processing Zone in Adiabo, Cross River State, on April 10, 2025, harnessing the state’s ports to boost global trade in cocoa and cassava
  • All (2)
Source: African Development Bank Group (AfDB) |

Nigeria’s Cross River State second to commence construction of its Special Agro-Industrial Processing Zone

The African Development Bank Group has committed $934 million to SAPZs in 11 African countries

Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina broke ground at the project site on Thursday 10 April. The SAPZ aims to tackle food insecurity, enhance…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Nigeria’s Agro-Revolution: Construction of Special Agro-Industrial Processing Zones (SAPZ) begins
  • All (1)
Source: African Development Bank Group (AfDB) |

Nigeria’s Agro-Revolution: Construction of Special Agro-Industrial Processing Zones (SAPZ) begins

African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states

Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank (www.AfDB.org), and the State government of Kaduna kickstart the construction of Phase 1 of the Special Agro-industrial Processing Zones (SAPZ) program.    The groundbreaking ceremony starts in Kaduna…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • A new renewable energy platform supported by the African Development Bank and partners will serve nearly 70,000 households
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank, PowerGen, and Partners Launch Transformative Renewable Energy Platform to Scale Clean Energy Access Across the Continent

With funding secured, PowerGen is well-positioned to serve the energy needs of more than 68,000 households and reduce the cost of power for 7,000 businesses

PowerGen Renewable Energy (PowerGen) has partnered with leading international investors to establish a scalable, distributed renewable energy platform targeting the deployment of 120 MW of renewable power, including battery energy storage solutions across Africa. The platform is a collaboration between PowerGen and the Private Infrastructure Development Group (PIDG), the Danish…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • West Africa: African Development Bank's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure
  • All (1)
Source: African Development Bank Group (AfDB) |

West Africa: African Development Bank Group's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

By investing in sustainable infrastructure and energy transition projects and emphasising innovation and first-of-a-kind developments, the Fund is expected to generate significant environmental, economic, and social benefits

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024
  • All (1)
Source: African Development Bank Group (AfDB) |

Nigeria’s Special Agro-industrial Processing Zones (SAPZ) Phase II, Boosted with a Whopping $2.2 billion Investment Interest at the Africa Investment Forum (AIF) 2024

SAPZ Nigeria Phase II is underway to expand to an additional 24 States in Nigeria in the next 3 years and will link Nigeria's agriculture to agro-industrialization to drive economic growth

The African Development Bank Group (www.AfDB.org) facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during the Africa Investment Forum. At a packed presidential boardroom on Wednesday 4th December, governors from Nigerian States, leaders from multilateral development organizations, the diplomatic corps as…