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Tag : AfDB

Business

Nigerian government to electrify five million homes in rural communities with N2.3 trillion

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The Federal Government has concluded arrangements to expend N2.3trillion on electrification of rural communities, targeting five million homes under the Economic Sustainability Plan, ESP. Minister...
Business

Nigerian government congratulates Akin Adesina on re-election as AfDB president

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The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank...
Business

Akin Adesina pledges quality deliverables to Africa through AfDB

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Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group, says he will build a much stronger and resilient bank to deliver greater quality impacts...
Business

Sub-Saharan Africa’s virus-induced slump may last three years – Ghanaian minister

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The economic slump in sub-Saharan Africa caused by the coronavirus outbreak could last well over three years, Ghana’s finance minister said on Tuesday. Much of...
Business

Akinwumi Adesina re-elected AfDB president

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Dr. Akinwunmi Adesina has been re-elected as the President of the Africa Development Bank. Adesina was re-elected by the Board of Governors of the Bank...
Business

AfDB blacklists five Nigerian firms over diversion, others

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The African Development Bank (AfDB) Group has debarred five Nigerian firms for diverting funds to other uses, among others. The latest debarring of Nigerian firms...
Business

Minister: $6.1 billion secured for power sector

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The Minister of Power, Engr. Sale Mamman, has marked one year in office citing remarkable achievements, including the securing of $6.150 billion to boost power...
Business

Akinwumi Adesina: Nigeria doubles voting rights ahead of AfDB election

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Nigeria has boosted its voting powers ahead of the African Development Bank election. The election is expected to hold during the virtual annual meeting scheduled...
Business

Embattled AfDB chief survives another probe into his conduct

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Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in...
Business

AfDB independent panel clears Akinwumi Adesina of wrongdoing

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African Development Bank/AfDB An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the President of the African Development Bank (AfDB)...