Tags : afdb

Business Latest News

Osinbajo Launches AfDB-Funded $258m Northeast Recovery Intervention.

The African Development Bank and the Federal Government have launched the Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme – a $258million comprehensive multisectoral intervention aimed at bolstering rehabilitation efforts in north-eastern Nigeria. According to a statement by the AfDB, Nigeria’s Vice President Yemi Osinbajo launched the program at the bank’s premises in Abuja. The […]Read More

Business Featured Latest News

Nigeria, Others Get AfDB’s $40m Infrastructure Lifeline.

A new lifeline for infrastructure funding has been lined up for Nigeria and the rest of the continent’s economies, under the Africa Infrastructure Investment Fund (AIIF3), with $40 million ready for disbursements. An initiative approved by the African Development Bank (AfDB) and the third in a series of equity investments, is a closed-ended pan-African infrastructure […]Read More

Business Latest News

African infrastructure rises by 22%.

The Infrastructure Consortium for Africa (ICA) has unveiled the 2017 infrastructure development in Africa which it said rose by 22 per cent. It published the outlook on the first day of the Africa Investment Forum, holding in South Africa. The ICA’s Infrastructure Financing Trends in Africa 2017 report shows that commitments to develop Africa’s infrastructure […]Read More

Business Featured Latest News

AfDB to invest $500m in new city wide sanitation projects

The African Development Bank on Tuesday announced a new initiative to promote innovation and citywide inclusive sanitation services for sub-Saharan Africa’s urban inhabitants with an investment of $500m. A statement issued by the bank said that its Africa Urban Sanitation Investment Fund Programme, with support from the Bill & Melinda Gates Foundation, would fund the […]Read More