AfDB funds Nigeria’s membership in African Insurance Agency

The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African […]

ATI: African Development Bank approves $14.12m for Nigeria

The African Development Bank Group (www.AfDB.org), through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other […]

African Development Bank maintains Triple-A ratings

Ahead of its maiden African Investment Forum next month, the African Development Bank continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings. The inaugural Forum takes place 7-9 November 2018 in Johannesburg, South Africa, offering a platform for sourcing funding […]

São Tomé and Principé: Adesina inspects AFDB projects

The International Center for Tropical Agriculture, established by the government to oversee phytosanitary inspections, received US $5 million in funding from the African Development Fund. African Development Bank President, Akinwumi Adesina, has  met with São Tomé and Príncipe President Evaristo Carvalho, just as the Bank’s Board of Directors in Abidjan approved the island nation’s new […]

Africa Industrialisation: UNIDO,AfDB Sign MOU

The African Development Bank (AfDB) (www.AFDB.org) and the United Nations Industrial Development Organization (UNIDO) (www.UNIDO.org) signed a Memorandum of Understanding (MoU) on Monday, May 21 to step up collaboration to boost Africa’s industrialization. “The Bank launched in 2016 its Industrialization Strategy for Africa 2016-2025, which was the outcome of collaborative work with UNIDO and the […]

African economies assesses: AfDB focuses on West Africa

The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports. The regional economic studies were released in Tunis (North Africa), Abidjan (West and Central Africa), Nairobi (Eastern Africa) and Pretoria (Southern Africa). Celestin Monga, Chief Economist and Vice President AfDB’s Economic Governance and Knowledge Management, said ‘By offering […]