Loans & Grants
13/03/2012 - The Board of Directors of the African Development Bank (AfDB) approved on February 15, 2012 a USD 200 million line of credit (LOC) in favour of the Africa Finance Corporation (AFC), a multinational financial institution based in Lagos, Nigeria, with the mandate to catalyse investments and create partnerships to help bridge Africa’s infrastructure gap.
Categories: Nigeria, Infrastructure, Private Sector Development
16/02/2012 - The African Development Bank (AfDB) has approved a loan of USD 100 million to improve water and sanitation in the city of Zaria in northern Nigeria through the African Development Fund, its concessional or ‘soft loan’ arm.
Categories: Nigeria, Water Supply & Sanitation
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 500 million, to the Bank of Industry (BOI) for financing domestic-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through BOI by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
30/05/2011 - On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 200 million, to the Nigerian Export-Import Bank (NEXIM) for financing export-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through NEXIM by way of a multi-tranche Line of Credit.
Categories: Nigeria, Private Sector Development
10/03/2011 - The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 9 March 2011 in Tunis, a UA 21.8-million (USD 34.3 million) loan to Nigeria to finance capacity building for Public-Private Partnerships (PPP) in infrastructure sectors, particularly in power and transport.
Categories: Nigeria, Infrastructure
23/06/2010 - The Board of Directors of the African Development Bank (AfDB) on Wednesday, 23 June 2010 in Tunis approved a USD 100-million line of credit to Nigeria’s Guaranty Trust Bank (GTB) for project funding in various sectors of the Nigerian economy.
Categories: Nigeria, Private Sector Development
04/11/2009 - Executive directors of the African Development Bank (AfDB) Group approved near to USD 441 million in three loans for the implementation of projects in Botswana, Nigeria and Cape Verde, at their regular weekly session on Wednesday, 28 October 2009, in Tunis.
Categories: Nigeria, Botswana, Cape Verde, Energy & Power
07/09/2009 - Japan and the African Development Bank (AfDB) have approved a grant of US$ 1,000,000 to AB Microfinance Bank of Nigeria (ABN) from the Fund for African Private Sector Assistance (FAPA).
Categories: Nigeria
07/09/2009 - he Board of Directors of the African Development Bank Group has approved a US$ 30 million loan to finance the Helios Shared Telecom Infrastructure Project in Nigeria.
Categories: Nigeria, Information & Communication Technology
03/09/2009 - The African Development Bank (AfDB) Group Board of Directors has approved a loan of US$ 78 million, (50 million UA*), from the African Development Fund (ADF), to finance an Urban Water Supply and Sanitation Project (UWSSP) for Oyo and Taraba States.
Categories: Nigeria, Water Supply & Sanitation
