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10/07/2018 - Over the last decade, and despite impressive growth rates in most of the continent, Africa’s infrastructure needs remain huge with annual financing gap between US$ 130 and US$ 170 billion annually.

Categories: Nigeria


  • From: 10/07/2018
  • To: 10/07/2018
  • Location: African Development Bank Group, Central Business District, Abuja, Nigeria

The African Development Bank will on July 10, 2018 embark on a roadshow in Abuja, Nigeria, to mobilize key stakeholders towards putting together a pipeline of bankable projects ahead of the Africa Investment Forum (AIF). AIF−Africa's own investment marketplace for accelerated economic transformation – is scheduled for November 7-9 in Johannesburg, South Africa.

Categories: Nigeria


23/05/2018 - Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank, during his address at the 2018 Annual Meetings of the African Development Bank Group in Busan, Korea.

Categories: Korea, Nigeria


17/05/2018 - The African Development Bank has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.

Categories: Nigeria, Agriculture & Agro-industries, Industrialization


09/05/2018 - The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program. This approval reaffirms the underpinning principles of the Bank’s New Deal on Energy for Africa and its commitment to developing renewable energy and increasing energy access on the continent.

Categories: Nigeria, Sustainable Energy Fund for Africa, Energy & Power, Climate Change


09/05/2018 - The Board of Directors of the African Development Bank has approved a US $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian Government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program. This approval reaffirms the underpinning principles of the Bank’s New Deal on Energy for Africa and its commitment to developing renewable energy and increasing energy access on the continent.

Categories: Nigeria, Climate Change, Energy & Power, Sustainable Energy Fund for Africa


  • From: 24/04/2018
  • To: 26/04/2018
  • Location: Abuja, Nigeria

The African Development Bank will hold a Workshop on Strengthening the Role of Parliament in Combating Illicit Financial Flows from Africa (IFFs) from 24 to 26 April 2018 in Abuja.

Categories: Nigeria


19/04/2018 - The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank.

Categories: Nigeria, Private Sector


16/04/2018 - For the first time ever, the African Development Bank has released summaries of the African Economic Outlook (AEO), its main flagship report, in three African languages: Arabic, Hausa and Kiswahili. These three languages are among the most widely spoken by over 300 million Africans. Releasing the report in local languages aims to increase accessibility of the publication’s findings to a large segment of Africans and promote linguistic inclusiveness. This release is also the latest innovation for increasing the relevance and timeliness of the African Economic Outlook.

Categories: Niger, Mali, Benin, Morocco, Tunisia, Egypt, Algeria, Libya, Mauritania, Cameroon, Democratic Republic of Congo, Burundi, Burkina Faso, Côte d’Ivoire, Ghana, Nigeria, Sudan, Chad, Togo, Comoros, Kenya, Malawi, Mozambique, Uganda, Rwanda, Somalia, Tanzania


16/04/2018 - Lagos State, Nigeria’s largest healthcare market, lacks an adequate supply of quality secondary and tertiary healthcare facilities with only about 700 to 1,000 quality beds for a population of over 21 million people.

Categories: Nigeria, Health, Private Sector, Industrialization


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