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

African Development Bank Group awards $16.6 million grant to International Institute of Tropical Agriculture (IITA) to scale agricultural technologies in Africa

The agreement, signed on 18 February 2026 in Abuja, bolsters a shared commitment to modernise African agriculture by scaling proven technologies, strengthening seed systems, and expanding partnerships

The African Development Bank Group (AfDB) (www.AfDB.org) and the International Institute of Tropical Agriculture (IITA) have signed a $16.61 million grant agreement to launch the third phase of the Technologies for African Agricultural Transformation Program (TAAT-III), aimed at scaling climate-resilient food production across the continent. The agreement, signed on 18…

African Development Bank Group (AfDB)

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    • ECOWAS and African Development Bank Group delegations met in Abidjan on 19- 20 February 2026 for an orientation session marking the induction of the Board of Directors of the Abidjan-Lagos Corridor Management Authority (1)
    • ECOWAS and African Development Bank Group delegations met in Abidjan on 19- 20 February 2026 for an orientation session marking the induction of the Board of Directors of the Abidjan-Lagos Corridor Management Authority (2)
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Source: African Development Bank Group (AfDB) |

Mega Abidjan-Lagos Corridor Project Enters Operational Phase with Launch of Governing Board

Stretching 1,028 kilometres, the Abidjan-Lagos Corridor Highway is envisioned as a transformative regional infrastructure linking five West African economies and serving as a key industrial and trade driver by 2030

The Economic Community of West African States (ECOWAS) and the African Development Bank Group (www.AfDB.org) held a two-day orientation and information session in Abidjan to induct the 10- member Board of Directors of the Abidjan-Lagos Corridor Management Authority (ALCoMA). The session, held on 19 and 20 February 2026, forms part…

African Development Bank Group (AfDB)

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    • The African Development Bank Group is providing USD 500 million in budget support to the Federal Republic of Nigeria to help improve the country's non-oil revenues and to expand fiscal space
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank Group loans $500 million to support economic governance and energy transition

Benefits will also accrue to private businesses in the form of improved investment climate and opportunities in the energy sector at the level of individual states of the Federation, and from the creation of an environment more conducive to public-private partnerships

The Board of Directors of the African Development Bank Group (www.AfDB.org), meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is for fiscal years 2024…

African Development Bank Group (AfDB)

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    • Dignitaries at the launch of the joint report “Investing in Innovative Food Systems Solutions in Challenging Contexts” in Abuja, including representatives from AfDB, WFP, IFPRI, Olam, and the Governors of Kano and Katsina States
    • L–R: Dr. Abdul Kamara, Director General for Nigeria, African Development Bank; Senator Abubakar Kyari, Minister of Agriculture and Food Security; His Royal Highness Muhammadu Sanusi II, Emir of Kano; Mr. David Stevenson, Country Director and Representative, WFP Nigeria; Dr. Steven Were Omamo, Executive Director, IFPRI; and Mr. Ade Adefeko, Vice President, Olam, during a high-level panel session at the launch of the joint AfDB–WFP–IFPRI report “Investing in Innovative Food Systems Solutions in Challenging Contexts.”
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Source: African Development Bank Group (AfDB) |

Rebuilding the breadbasket: African Development Bank, United Nations World Food Programme (WFP) and International Food Policy Research Institute (IFPRI) launch report on innovative investment in food systems in Northern Nigeria

“Investing in Innovative Food Systems Solutions in Challenging Contexts,” provides a roadmap for revitalizing northern Nigeria’s food systems

The African Development Bank (https://AfDB.org), in partnership with the United Nations World Food Programme (WFP) and the International Food Policy Research Institute (IFPRI), has released a new study urging coordinated and innovative investments to strengthen food security and unlock the agricultural potential of northern Nigeria. Launched on the margins of…

African Development Bank Group (AfDB)

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    • Abdul Kamara, Director General of the AfDB's Nigeria Country Department (ninth from left), and ADI Director Eric Ogunleye (seventh from left), with senior Bank officials, Nigerian Economic Society Council members, and delegates from Africa's transition states
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Source: African Development Bank Group (AfDB) |

African Experts Urge Governance Reforms, Domestic Resource Mobilization, and Stronger Partnerships to Drive Economic Transformation in Transition States

Africa’s transition states are the continent’s most vulnerable economies, facing a wide range of political, economic, security and environmental challenges, and striving for greater stability and resilience

African economists and development leaders have called for sweeping governance reforms, stronger domestic resource mobilization, and innovative partnerships to accelerate economic transformation across the continent’s transition states.  The call came at a high-level Policy Dialogue organized by the African Development Institute (ADI) of the African Development Bank Group (AfDB) during…

African Development Bank Group (AfDB)

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    • African Development Institute Director Eric Ogunleye (fifth from left) and Nigerian Economic Society Council Members, including their President, Prof. Adeola Adenikinju (sixth from right), at the opening session of the 66th NES Annual Conference
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Source: African Development Bank Group (AfDB) |

African leaders, African Development Bank (AfDB) push for governance reforms, regional integration for Africa’s transformation at Nigerian Economic Society Conference

The 2025 NES conference has drawn more than 2,500 delegates from 22 African countries, including economists, policymakers, academics, and international partners

African leaders, experts, the African Development Bank (www.AfDB.org) and development partners have called for urgent reforms to strengthen governance, deepen regional integration, and drive inclusive growth across the continent. Opening the Nigerian Economic Society’s (NES) 66th Annual Conference in Abuja on Tuesday, Nigeria’s Vice President Kashim Shettima stated that Nigeria’s…

African Development Bank Group (AfDB)

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    • Aerial view of houses submerged in Maiduguri during floods. Sept 2024 [Audu Marte/AFP]
    • Front Row (L–R): Jean-François Yao, Senior Policy Advisor, International Committee of the Red Cross (ICRC); Babarinde Segun Mukaila, Director of Water Supply and Support Services, Federal Ministry of Water Resources and Sanitation; Dr. Abdul Kamara, Director General, African Development Bank Nigeria Country Department; Mallam Bukar Tijani, Secretary to the State Government of Borno; and Doris El Doueihy, Head of Delegation, ICRC Nigeria
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Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank and International Committee of the Red Cross (ICRC) partner to support inclusive, resilient water services in Maiduguri

Between 2006 and 2021, Maiduguri’s population more than doubled and is projected to exceed 2.5 million by 2030, placing immense pressure on water infrastructure

The Government of Borno State, in collaboration with the African Development Bank (www.AfDB.org) and the International Committee of the Red Cross (ICRC), have convened a partnership roundtable to accelerate access to safe, sustainable, and inclusive water services in Maiduguri. The event held on Tuesday 10 September, coincided with the first…

African Development Bank Group (AfDB)

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    • AfDB President Akinwumi Adesina, and his wife, Grace Yemisi Adesina, AfDB Vice President for Private Sector, Infrastructure and Industrialization, Solomon Quaynor (extreme left), AfDB Director General, Nigeria Country Department, Dr. Abdul Kamara (2nd from left), and Saglev Chairman and CEO, Dr. Sam Faleye, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • AfDB President Akinwumi Adesina with Saglev EV automobile technicians, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • AfDB President Akinwumi Adesina and Saglev Chairman and CEO, Dr. Sam Faleye with staff of the company, during Adesina’s visit to the Saglev assembly plant in Lagos, Nigeria, 31 July 2025
    • Saglev Chairman and CEO, Dr. Sam Faleye, and AfDB President Akinwumi Adesina, at the Saglev EV assembly plant in Lagos, Nigeria, 31 July 2025
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Source: African Development Bank Group (AfDB) |

‘Our role as a Bank is to champion African entrepreneurs’ – Adesina

During the tour, Adesina engaged in discussions on the key challenges facing Nigeria’s automotive sector, including fiscal policy, logistics, access to finance, and the lack of local manufacturing capacity for critical components

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, has reaffirmed the Bank’s strong commitment to supporting African entrepreneurs and industrial innovation. He was speaking during a visit to Saglev, a Nigerian electric vehicle assembly and distribution company in Lagos.  “Our role as a bank, and my…

African Development Bank Group (AfDB)

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    • Afdb President Akinwumi Adesina steps onstage to deliver the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina delivering the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina and his wife, Mrs Grace Yemisi Adesina, with Sunil Kaushal (2nd from left) and Roberto Hoornweg (right), Standard Chartered’s Co-Heads of Corporate & Investment Banking, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • L-R: Mrs Grace Yemisi Adesina; Roberto Hoornweg, Standard Chartered’s Co-Head of Corporate & Investment Banking; Dr. Jumoke Oduwole, Nigeria’s Minister of Trade and Investment; Sunil Kaushal, Standard Chartered’s Co-Head of Corporate & Investment Banking, and other attendees, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
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Source: African Development Bank Group (AfDB) |

CORRECTION: Adesina reaffirms commitment to Africa’s development as his presidency of the African Development Bank nears end

Adesina urged global financial institutions to partner more strategically with the African Development Bank and other multilateral development banks, to scale up capital flows to Africa

Dr Akinwumi Adesina says his passion to mobilize global capital for Africa’s development will continue way beyond his presidency of the African Development Bank (www.AfDB.org), which ends on 1st September 2025. In a keynote speech titled “Tilting Global Capital for Unlocking Investment Opportunities in Africa”, delivered at the Standard Chartered…

African Development Bank Group (AfDB)

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    • Afdb President Akinwumi Adesina steps onstage to deliver the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina delivering the keynote speech at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • Afdb President Akinwumi Adesina and his wife, Mrs Grace Yemisi Adesina, with Sunil Kaushal (2nd from left) and Roberto Hoornweg (right), Standard Chartered’s Co-Heads of Corporate & Investment Banking, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
    • L-R: Mrs Grace Yemisi Adesina; Roberto Hoornweg, Standard Chartered’s Co-Head of Corporate & Investment Banking; Dr. Jumoke Oduwole, Nigeria’s Minister of Trade and Investment; Sunil Kaushal, Standard Chartered’s Co-Head of Corporate & Investment Banking, and other attendees, at the Standard Chartered Africa Summit in Lagos, Nigeria, July 31, 2025
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Source: African Development Bank Group (AfDB) |

Adesina reaffirms commitment to Africa’s development as his presidency of the African Development Bank nears end

Adesina urged global financial institutions to partner more strategically with the African Development Bank and other multilateral development banks, to scale up capital flows to Africa

Dr Akinwumi Adesina says his passion to mobilize global capital for Africa’s development will continue way beyond his presidency of the African Development Bank (www.AfDB.org), which ends on 1st September 2025. In a keynote speech titled “Tilting Global Capital for Unlocking Investment Opportunities in Africa”, delivered at the Standard Chartered…