AFDB

Africa should be providing global solutions, says AfDB

President of African Development Bank (AfDB), Akinwumi Adesina has stated that Africa must be a solution for food to countries around the world. This was stated on Monday by Adesina at a meeting with journalists ahead of the bank’s 2022 annual meetings in Accra, Ghana. He said the bank was ready with plans to avert any […]

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Adesina reveals why UAE may be considered for membership of AfDB

President of the African Development Bank (AfDB), Akinwumi Adesina has stated that the outstanding support from the United Arab Emirates (UAE) is enough to consider welcoming the country as a member of the bank. The bank via a statement disclosed that Adesina ended a three-day visit to the UAE on Friday. During the visit to the […]

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AfDB secures $15.6bn for Lagos-Abidjan road project

African Development Bank (AfDB) has stated that it has secured $15.6 billion for the construction of the Lagos-Abidjan highway corridor to ease transportation across West Africa. This was disclosed on Thursday by Akinwumi Adesina, president of the AfDB during the 2021 Africa Investment Forum virtual boardroom closing session. In April 2020, the Bank had approved funding […]

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AfDB unveils $1bn plan to boost wheat production, avert food crisis in Africa

African Development Bank (AfDB) has stated that it is planning to raise $1 billion to boost wheat production in Africa to avert potential food shortages arising from Russia’s invasion of Ukraine. According to AfDB’s president, the fund would help 40 million African farmers utilise climate-resilient technologies and increase their output of heat-tolerant wheat varieties and other […]

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AfDB president speaks on restructuring, says each state should control its resources

President of the African Development Bank (AfDB), Akinwumi Adesina has stated that restructuring Nigeria should be focused on ensuring economic viability of states. This was stated on Wednesday by Adesina while delivering a lecture titled ‘Nigeria — A Country of Many Nations: A Quest for National Integration’, at an event to celebrate the 80th birthday of […]

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AfDB President: Buhari’s leadership crucial to Africa’s development

Akinwumi Adesina, President of the African Development Bank has asserted the importance of Nigeria’s leadership in developing the African continent. He added that achieving the desired development requires commitment and positive contribution of the most populous black nation. The former minister of Agriculture via a post on his Twitter page on Saturday noted that as the […]

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How Atiku Helped To Become AfDB President – Adesina

President of the African Development Bank (AfDB), Akinwumi Adesina, has revealed how former Vice President Atiku Abubakar helped him to emerge as the head of the continental finance institution. Recall that Adesina was elected as the eighth elected AfDB president on May 28, 2015, and then re-elected in August 2020. Speaking at the 12th commencement […]

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AfDB: Obasanjo Hails Buhari Over Adesina’s Re-Election

President Muhammadu Buhari greets AfDB President Akinwumi Adesina inside the Presidential Villa on Thursday… September 10. Former President Olusegun Obasanjo has commended President Muhammed Buhari’s led Federal Government for the support given at ensuring the successful re-election of the President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina. Obasanjo, in what appeared to be […]

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President receives, woos Adesina on infrastructure deficit

President Muhammadu Buhari (right) with President of African Development Bank (AfDB), Dr. Akinwumi Adesina, during a visit to the State House, Abuja… yesterday. • AU considers uniform currency, market for African nationsPresident Muhammadu Buhari, yesterday, received president of the African Development Bank (AfDB), Dr. Akinwumi Adesina, imploring him to lend support to his administration’s quest […]

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AfDB: Details of President Buhari’s meeting with Akinwumi Adesina emerge

President Muhammadu Buhari on Thursday received in audience at the State House, Abuja, the newly re-elected President of African Development Bank (AfDB), Dr Akinwumi Adesina. The President congratulated the AFDB boss on his second election, noting that ”Nothing succeeds like success.” Dr Adesina had overcome stiff opposition last month to win an unprecedented 100% votes […]

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Nigeria commits $9.4m in Shelter Afrique, becomes second-largest shareholder

The Federal Government has committed $9.4 million to pan African housing development financier, Shelter Afrique (SHAF), which is owned by 44 African governments, African Development Bank (AFDB) and Africa Re. The contribution moves Nigeria to the second largest in the organisation with 14.77 percent of the shareholding, behind Kenya with 14.87 percent and ahead of […]

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