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

Africa Investment Forum 2019: Nigeria expected to be major player

The African Development Bank’s innovative investment marketplace set up to accelerate investment into the continent, will convene for its second meeting from 11-13 November

Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event held in the capital Abuja. Following the hugely successful inaugural edition held last year, the African Development Bank’s innovative investment marketplace…

African Development Bank Group (AfDB)

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Source: African Development Bank Group (AfDB) |

Niger: African Development Bank President attends historic African Union summit, decries child marriage

Whilst in Niamey, Adesina also participated in a high-level panel on combatting child marriage, organized on the sidelines of the summit

The president of the African Development Bank (https://www.AfDB.org), Akinwumi Adesina joined continental leaders in Niger for an African Union summit which saw the official launch of the African Continental Free Trade Area agreement – the world’s largest free trade area since the formation of the World Trade Organization. The agreement,…

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

African Development Bank to meet Nigerian businesses leaders next week ahead of African Investment Forum

African Investment Forum (AIF) − the continent’s biggest investment marketplace for accelerated economic transformation - is slated for 11-13 November 2019 in Johannesburg, South Africa

WHO: African Development Bank, Africa Finance Corporation WHAT: African Investment Forum Roadshow WHERE: Transcorp Hilton, Abuja, Nigeria WHEN: July 9, 2019 at 8.30 am The African Development Bank Group (https://www.AfDB.org), and the Africa Finance Corporation, will meet industry and business leaders in Abuja, Nigeria on Monday, 09 July 2019 as…

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

Nigeria and the Continental Free Trade Area Agreement

The Bank's understanding is that the Nigeria government is consulting with the private sector

The attention of the African Development Bank (www.AfDB.org/en/) has been drawn to a story published by Sahara Reporters on June 16  quoting our  Director of  Industrial and Trade Development, Abdu Mukhtar, who is alleged to have said that the Nigerian government does not understand the African Continental Free Trade Agreement. We want…

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

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

‘Boost Africa’ was launched in partnership with the African Development Bank and the European Investment Bank to enhance entrepreneurship and innovation across Africa

The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank (www.AfDB.org) on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for…

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

Japan and Austria to support private sector climate change investments on the continent

The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally…

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

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

“This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women entrepreneurs across the continent” - Vanessa Moung

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s (https://www.AfDB.org/en/) Affirmative Finance Action for Women in Africa (AFAWA) (https://bit.ly/2Q1fF1L) program. We-Fi (https://We-Fi.org/) is a partnership among 14 donor governments, eight multilateral development banks, and other public and…

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

Nigeria: Investors say African Development Bank’s Special Agro-Industrial Processing Zones will drive agricultural revolution

SAPZs are designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and competitiveness

Senior Nigerian government officials and key investors have endorsed the African Development Bank’s (www.AfDB.org) Special Agro-Industrial Processing Zones (SAPZ) initiative, describing it as a pathway to Africa’s agricultural revolution. SAPZs are designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and competitiveness. The…

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

Nigeria: African Development Bank approves US$70 million loan for Ebonyi State road

The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million

The African Development Bank Group (www.AfDB.org), on Wednesday 24 April 2019 approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also…

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

Malawi: African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change

The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and internally displaced persons impacted by the cyclone

Malawi’s recovery and reconstruction plans in the aftermath of Cyclone Idai has received a boost from the African Development Bank (www.AfDB.org), which is supporting the country with an emergency relief package and measures to combat the effect of climate change in the Southern African region. Mateus Magala, the Bank’s Vice…