News & Events
22/07/2009 - The Board of Directors of the African Development Bank (AfDB) Group approved on Wednesday in Tunis, a senior loan of US$ 50 million to Zenith Bank Plc of Nigeria. This loan is aimed at revamping Zenith’s liquidity to cushion the effects of the financial crisis and lessen potential funding disruptions to vital ongoing projects in the infrastructure and industrial sectors.
Categories: Nigeria, Financial Crisis, Economic & Financial Governance
- Date: 14/07/2009
- Location: Abuja, Nigeria
There is a continued international focus on the economic and financial crisis. Assessment that the slowdown is more severe and recovery will be slower than initially expected.
Categories: Nigeria, Financial Crisis
13/05/2009 - Dr. Mandla S.V. Gantsho, Vice President in charge of Infrastructure, Private Sector and Regional Integration of the African Development Bank Group (AfDB) and Dr. Ersatus Akingbola, CEO of Intercontinental Bank Plc.(ICB) signed today a loan agreement for a Line of Credit (LoC) of USD 100 million to support the Intercontinental Bank Plc. of Nigeria to finance small and medium sized enterprises (SMEs).
Categories: Nigeria, Economic & Financial Governance
18/02/2009 - In its 18 February 2009 meeting, the AfDB Board of Directors approved a US$ 30 million line of credit and US$ 7.5 million equity investment in Shelter-Afrique.
18/02/2009 - The Board of Directors of the African Development Bank Group (AfDB) approved a US$ 100-million Line of Credit (LoC) to support Nigeria’s Intercontinental Bank Plc. in financing small and medium-sized enterprises (SMEs).
Categories: Nigeria, Economic & Financial Governance, Private Sector Development
16/02/2009 - The African Development Bank (AfDB) Group’s Nigeria field office on January 30, 2009, kicked-off the launching of the 2009 monthly meeting of Heads of Development Partners (HDPs).
Categories: Nigeria
09/02/2009 - CRMU and the Negotiation and Conflict Management Group (a Lagos-based mediation center) organized a national workshop on 9 February 2009 in Lagos, Nigeria. The workshop brought together 38 participant NGOs from thirteen states in Nigeria- Lagos, Akwa Ibom, Ekiti, Abuja, Ebonyi, Kwara, Osun, Gombe, Plateau, Zamfara, Rivers, Enugu and Delta State-and specialized on governance, environment, gender, accountability, citizens rights and community development.
Categories: Nigeria, Independent Review Mechanism
24/09/2008 - The governments and businesses in five African Countries – Djibouti, Nigeria, Zambia, Mali and Malawi – will benefit from a combined multi-purpose funding of US$ 187 million approved by the Board of Directors of the African Development Bank (AfDB) Group today in Tunis.
Categories: Djibouti, Nigeria, Zambia, Mali, Malawi, Private Sector Development, Economic & Financial Governance
11/07/2008 - A Validation Workshop Follow-up on the recommendations of the EU-Africa Business Forum Working Group on Trade Issues is scheduled to take place at the Sheraton Hotel in Abuja, Nigeria, July 23 and 24, 2008.
Categories: Nigeria, Private Sector Development
22/01/2007 - The Bank has successfully launched its first bond issue denominated in Nigerian Naira (NGN). The issue, launched early last week, has a maturity of one year, a face value of NGN 127.80 million (the NGN equivalent of USD 100 million) and a fixed coupon of 9.25%.
Categories: Nigeria, Economic & Financial Governance
