Tag: #AfDB
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NIGERIA PARTNERS AFDB ON AVIATION INFRASTRUCTURE, FLEET MODERNISATION
Nigeria has signed a partnership agreement with the African Development Bank (AfDB) to modernise aviation infrastructure, improve regional connectivity and strengthen airline competitiveness across Africa. The agreement was signed on the side-lines of the 2026 Annual Meetings of the African Development Bank( AfDB) Group in Brazzaville on Thursday May 28. Speaking at the ceremony, Mike…
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AFDB SEEKS URGENT REFORMS TO UNLOCK AFRICA’S $4 TRILLION SAVINGS
The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings. Tah made the call at the official opening of the 2026 AfDB Annual Meetings in Brazzaville, Democratic Republic of Congo on Tuesday. According to him, Africa’s challenge is not…
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OVER 3,000 DELEGATES SET FOR AFDB MEETINGS IN CONGO AS AFRICA FACES $400BN FINANCING GAP
The African Development Bank (AfDB) says more than 3,000 delegates will gather in Brazzaville, Republic of Congo, for its 2026 Annual Meetings. The meeting, scheduled for May 25 to 29, will focus on addressing Africa’s widening development financing gap, estimated at $400 billion annually. Key discussions will cover infrastructure, energy, food security, climate adaptation and…
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FEDERAL GOVT THROUGH ATASP-1 TO MOP UP EXCESS FOOD, PREVENT POST-HARVEST LOSSES IN NIGERIA
The Agricultural Transformation Agenda Support Program Phase-One (ATASP-1), funded by the African Development Bank, announced plans to purchase and store excess food in strategic reserves to curb post-harvest losses. Dr Romanus Egba, Zonal Programme Coordinator at ATASP-1 in Adani-Omor, Enugu, reassured that there is no cause for alarm despite recent food price crashes. Egba explained…
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AFDB, PRIVATE SECTOR VOW TO DEEPEN PARTNERSHIP FOR AFRICA’S GROWTH
AfDB and business leaders commit to boosting investment, job creation, and economic transformation. African Development Bank President Dr. Sidi Ould Tah and top private sector reps from West, Central, and North Africa vowed stronger collaboration to accelerate the continent’s development. Speaking in Abidjan at the CGECI event, Tah emphasized the private sector’s central role in…
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AFDB CALLS ON AFRICA TO SEIZE TRADE DISRUPTION AS OPPORTUNITY
AfDB urges Africa to boost local industries, job creation, and climate-resilient growth. Dr. Sidi Ould Tah of the African Development Bank urged African nations at the CGECI Academy in Abidjan to turn global trade disruptions into a chance for economic transformation. He stressed stronger regional value chains, local raw material processing, and green industrialisation led…
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AfDB PRESIDENT DR SIDİ OULD TAH SETS REFORM-FORWARD AGENDA FOR FIRST 100 DAYS
New AfDB chief pledges rapid reforms, stronger partnerships, and youth & women empowerment to unlock Africa’s potential. Dr Sidi Ould Tah, AfDB’s new president, outlined urgent priorities in his inaugural speech: listening deeply to stakeholders, fast-tracking reforms, boosting partnerships, and accelerating inclusive growth solutions. With a focus on operational efficiency and bridging divides, Tah commits…
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FEC APPROVES $125M ISLAMIC BANK LOAN TO BOOST ABIA’S INFRASTRUCTURE DRIVE
The Federal Executive Council has approved a $125 million Islamic Development Bank (IsDB) loan for Abia State’s Integrated Infrastructure Development Project, a key part of a $263.8 million co-financing plan including funds from AfDB and Canada–Africa Development Bank. The project will upgrade over 160km of roads in Aba and Umuahia, tackle erosion issues, and create…
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ADESINA: AFRICA HAS HUGE RENEWABLE ENERGY POTENTIAL BUT 600 MILLION LACK ELECTRICITY
Dr. Akinwumi Adesina, outgoing AfDB President, spotlighted Africa’s massive renewable energy resources—solar, hydro, wind, and geothermal—during the 2025 Standard Chartered Bank Africa Summit in Lagos. Yet, 600 million Africans remain without electricity. He urged massive investments to close this gap and fuel industrial growth. Adesina revealed the AfDB-World Bank’s Mission 300 aims to connect 300…
