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

Statement by Dr. Akinwumi A. Adesina, President, African Development Bank

While I am deeply honored, humbled and grateful for all the incredible goodwill, kindness, and confidence, my current responsibilities at this time do not allow me to accept to be considered

Statement by Dr. Akinwumi A. Adesina, President, African Development Bank (www.AfDB.org): I have been extremely humbled by several calls from Nigerians at home and abroad that I should consider running for the office of the President of the Federal Republic of Nigeria. I am very touched by all who have…

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    • Nigerian President Muhammadu Buhari (right) commended the African Development Bank for the plan to “swiftly and boldly” mitigate the impact of the Russia-Ukraine war on food supplies
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Source: African Development Bank Group (AfDB) |

Nigeria top priority under African Development Bank Africa Emergency Food Plan

The initiative will support the country’s 5 million smallholder farmers during the wet season of 2022

The head of the African Development Bank (www.AfDB.org), Dr. Akinwumi Adesina, met with Nigerian President Muhammadu Buhari in Abuja on Tuesday to discuss the impact of the Russia-Ukraine war and the Bank’s strategy to avoid a food crisis in Africa. Adesina informed President Buhari that the African Development Bank has designed…

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    • Digital financial solutions are key to reducing the gender access-to-finance gap in Africa
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Source: African Development Bank Group (AfDB) |

We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses

The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs

The Women Entrepreneurs Finance Initiative (We-Fi)  has announced a new round of funding under which the African Development Bank’s (www.AfDB.org) Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This…

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    • African Development Bank Group signs Memorandum of Understanding with ECOWAS for $3.56 million grant to develop West Africa pharmaceutical industry
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Source: African Development Bank Group (AfDB) |

African Development Bank Group signs Memorandum of Understanding with ECOWAS for $3.56 million grant to develop West Africa Pharmaceutical Industry

The project's total cost is $3.77 million, to which the ECOWAS Commission will provide $200,000 in cash and $400,000 in-kind

The African Development Bank (www.AfDB.org) and the Commission of the Economic Community of West African States (ECOWAS) have signed a memorandum of understanding for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. Lamin Barrow, Managing Director of the Bank for Nigeria and Mamadou…

Source: African Development Bank Group (AfDB) |

Niger: African Development Bank Group approves $127 million package to open up eastern agricultural areas

The approved package comprises a loan of $71 million and a grant of $56.8 million

On Wednesday in Abidjan, the African Development Bank Group (www.AfDB.org) approved funding of $127.8 million to Niger. The funds approved by the Board of Directors of the African Development Fund, the Group's concessional arm, will be used for a project to open up access to farming and pastoral lands in the…

Source: African Development Bank Group (AfDB) |

Multimedia group Silverbird names African Development Bank’s Akinwumi Adesina 2021 ‘Extraordinary Personality of the Year’

‘It’s time to support the youth to propel the future’ - Adesina says in keynote speech

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina, has received the ‘Extraordinary Personality of the Year’ award for 2021, conferred by Lagos-based Silverbird Group, a multimedia and entertainment business serving different areas of sub-Saharan Africa. A spokesperson for the Silverbird Group said the award recognized Dr. Adesina’s commitment…

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Acceptance Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group Award of Honorary Doctorate Federal University of Technology Minna, February 2, 2022

Minna is a town that produces great and eminent leaders

PROTOCOLS Your Excellency former Head of State, General Abdulsalami Abubakar The Chancellor Mr. Vice Chancellor Members of the University Council and the Senate Faculty members, management, and staff of the University Great students of the Federal University of Technology, Minna The Graduating Class of 2022 Royal fathers, the Emirs Parents,…

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    • African Development Bank President, Akinwumi Adesina awarded honorary doctoral degree at Federal University of Technology Minna
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Source: African Development Bank Group (AfDB) |

African Development Bank President, Akinwumi Adesina awarded honorary doctoral degree at Federal University of Technology Minna

Calls on graduating class to create a new, greater and dynamic Nigeria

The Federal University of Technology Minna has awarded the President of the African Development Bank (www.AfDB.org), Dr Akinwumi Adesina an honorary doctorate. The honor was conferred at the institution’s 38th Founders’ Day and 30th Convocation ceremony of the University, in Minna today. Adesina joined three others honorary doctoral awardees, namely…

Source: African Development Bank Group (AfDB) |

African Development Bank Board approves $170 million for investment in Nigeria’s digital and creative start-ups

The investment in Digital and Creative Enterprises Program (i-DICE) is a Federal Government of Nigeria initiative promoting investment in digital and creative industries

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of $170 million to finance a digital and creative enterprises program in Nigeria. The investment in Digital and Creative Enterprises Program (i-DICE) is a Federal Government of Nigeria initiative promoting investment in digital and creative industries.…

Source: African Development Bank Group (AfDB) |

African Development Bank loans Nigeria $210 million for Special Agro-Industrial Processing Zones

African Development Bank financing for this program represents one of the Bank’s most ambitious operations in terms of scale and scope to date

A $210 million loan approved by the African Development Bank’s Board of Directors (www.AfDB.org) on Monday could impact the lives of millions of people in Africa’s most populous country. The loan will co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Program. The program will help to unlock Nigeria’s…