The African Development Bank Group (AfDB) has approved the investment of $25 billion to develop agriculture in Nigeria and four other African countries. Specifically, the fund will help Nigeria transform from being a net importer of fertilizer to a fertilizer exporting nation. It was noted in total that AfDB is granting a facility of $510 […]
Small, micro, and medium enterprises known as SMEs are the backbone of any economy in a country. They are non-subsidiary, independent firms or organizations that are invested in employing a large populace of the labor force. Small firms usually have fewer than 50 employees, while micro-enterprises have at most 10, or in some cases 5, […]
The African Development Bank, the government of Nigeria and Microsoft on Monday launched the Digital Nigeria eLearning Platform, to provide marketable digital skills to the country’s youth. The Digital Nigeria eLearning Platform is a key component of the Digital Nigeria programme, which aims to empower innovators and entrepreneurs with the requisite skills to thrive in […]
President of African Development Bank (AfDB), Dr Akinwumi Adesina says 141 million people have benefitted from improved agricultural technologies to enhance food security in the last five years he assumed office. Adesina made this known during the opening of the bank’s Annual General Meeting (AGM) held virtually on Wednesday. He said about 18 million people […]
From a new digital marketplace to connect Africa’s creatives with global markets, to masterclasses to help designers share and learn, and webinars to inform and inspire: the African Development Bank’s (AfDB) flagship Fashionomics Africa initiative has taken great strides this year. The website and mobile app were unveiled at the Global Gender Summit in Kigali […]
The African Development Bank Group has joined the World Trade Organisation and other multilateral development banks to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic. In a press release, the institutions said they would prioritize their support to areas in the world where such support is needed most, particularly in […]
The Rural Electrification Agency (REA) has said arrangements are being concluded for the implementation of component two; ‘Productive Use Appliances and Equipment in Off-Grid Communities of the African Development Bank (AfDB) financed Nigeria Electrification Project. Being implemented with collaboration with the Power Africa Nigeria Power Support Programme, Managing Director/CEO of REA, Ahmad Salihijo Ahmad, who […]
