News & Events
20/05/2013 - The Electricity Authority of Benin–Nigerian Electric Power Authority power interconnection project, jointly financed by the African Development Bank, the West African Development Bank, and the Economic Community of West African States, is one of the sparkling flagship projects for regional integration and cooperation in West Africa. Financed under the West Africa Power Pool program, the project connects Benin’s power grid (CEB) to that of Nigeria (NEPA). Since its completion in 2007, like a beacon, the project has broken dawn, lighting up vast areas of rural communities that were once in economic darkness.
Categories: Benin, Nigeria, Infrastructure, Energy & Power, Regional Integration, Structural Transformation
08/05/2013 - Water is the most critical resource in any nation. It is the principal measure of the health of a country and how its people live. In Tunisia, as in a number of North African countries, the saying to ‘share someone’s water’ means much more than offering someone a cup of water. It means showing an edifying and inspiring love, communicating and building trustworthy relationships.
Categories: Nigeria, Water Supply & Sanitation
29/04/2013 - In a move to strengthen its relationships with its partners on the ground the African Development Bank (AfDB) Resident Representative, Ousmane Dore, paid a courtesy call on the Plateau State Governor, Jonah David Jang, on April 12, 2012 in Kuru. Discussions between Jang and Dore revolved around the development of Nigeria in general and the Plateau region in central Nigeria.
Categories: Nigeria, Partnerships
13/03/2013 - The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia, Malawi, Morocco, Mozambique, Namibia, Nigeria, Ghana, Rwanda, Republic of Congo, Senegal, South Africa, South Sudan, Tanzania, Tunisia, Zambia and Zimbabwe
Categories: Tunisia, Morocco, Algeria, Cameroon, Congo, Democratic Republic of Congo, Zimbabwe, Zambia, Mozambique, Angola, Rwanda, Ethiopia, Senegal, Nigeria, Cape Verde, Côte d’Ivoire, Malawi, Namibia, Ghana, South Sudan, South Africa, Tanzania, Economic & Financial Governance
28/02/2013 - The African Development Bank Group, on Wednesday, February 27, 2013, held the first meeting of its Board of Directors in Abidjan since the Bank’s relocation to Tunisia in 2003, signalling the first steps of the Bank’s return to Côte d’Ivoire, AfDB President Donald Kaberuka said at the meeting’s opening.
Categories: Côte d’Ivoire, Nigeria
28/02/2013 - The Board of Directors of the African Development Bank Group approved Wednesday in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.
Categories: Côte d’Ivoire, Nigeria, Economic & Financial Governance, Transport
22/02/2013 - The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial intermediation for renewable energy and energy efficiency through local banks, as part of the country’s national Investment Plan endorsed by the CIF in 2010. The money, being provided under the CIF’s Clean Technology Fund (CTF), is designated to stimulate alternative and efficient ways to generate electricity and to reduce dependence on energy sources which contribute significantly to greenhouse gas emissions.
Categories: Nigeria, Infrastructure, Energy & Power, Environment, Climate Change, Climate Investment Funds (CIF)
22/02/2013 - The Climate Investment Funds (CIF) has approved a grant of US $950,000 to help Nigeria prepare for a proposed project to revamp Abuja’s mass transit system. The request for the project preparation money was submitted to the CIF by the Government of Nigeria and the African Development Bank (AfDB). This is the first time the CIF has approved a sustainable transport project preparation grant within Africa, and marks the way forward for the transport sector as part of the AfDB and CIF work to help Africa move toward low-carbon and climate-resilient development.
Categories: Nigeria, Transport, Infrastructure, Environment, Climate Change, Climate Investment Funds (CIF)
21/02/2013 - The African Development Bank Group is committed to supporting its regional member countries in their quest to increase sustainable access to safe water and basic sanitation in urban and rural areas. In line with this commitment, AfDB Vice-President Gilbert Mbesherubusa led the Bank’s participation at the just-concluded Nigerian Presidential Summit on innovative funding of the water sector held in Abuja.
Categories: Nigeria, Water Supply & Sanitation
05/02/2013 - The African Development Bank (AfDB) signed on Tuesday, January 29, 2013 an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively US $500 million to Bank of Industry (BOI) and of US $200 million to Nigerian Export-Import Bank (NEXIM) in order to support the modernization and expansion of export-oriented small and medium enterprises (SMEs). The LoCs will allow local SMEs to be more competitive, scale up their operations and ultimately create more jobs in Nigeria.
Categories: Nigeria, Youth, Human Capital Development, Private Sector Development
