afdb Archives - Freedom Online

AfDB: Boosting public finance management through capacity building

Gbemi Banks — Tue, 19 Dec 2023 15:22:10 +0000

Public financial management implies the elements of budget cycles built around auditing, accounting and reporting, budget formulation, execution and performance. Its main focus is economic and governance reform programs for developing economies emphasizing transparency, accountability, fiscal discipline, predictability with the purpose of strengthening public finances. Experts say that for a continent grappling with poor infrastructure […]

The post AfDB: Boosting public finance management through capacity building appeared first on Freedom Online.

AfDB reviews Africa’s economic forecast for 2023, 2024

Gbemi Banks — Thu, 30 Nov 2023 08:26:13 +0000

The African Development Bank (AfDB) has reviewed downward its short- to medium-term macroeconomic forecast for Africa for 2023 and 2024. The bank which said this In a statement, said it reviewed the forecast to 3.4 and 3.8 per cent from 4.0 per cent and 4.3 per cent, respectively. According to the statement, the updated data […]

The post AfDB reviews Africa’s economic forecast for 2023, 2024 appeared first on Freedom Online.

FG inaugurates wheat cultivation, targets 1.25 million tones yield

Gbemi Banks — Sat, 25 Nov 2023 18:34:30 +0000

The Federal Government on Saturday inaugurated the National Wheat Cultivation scheme in Auyo Local Government Area of Jigawa, targeting 1,250,000 tones of yields. This was disclosed by Minister of Agriculture and Food Security, Abubakar Kyari at the inauguration of the 2023 dry season wheat development project under the National Agricultural Growth Scheme (NAGS-AP) in Auyo. […]

The post FG inaugurates wheat cultivation, targets 1.25 million tones yield appeared first on Freedom Online.

Barrow highlights Nigeria’s top-notch projects at AIF

Gbemi Banks — Mon, 13 Nov 2023 12:53:04 +0000

The African Development Bank’s (AfDB) Nigeria Country Director-General, Lamin Barrow, has highlighted some key projects that Nigeria sought to promote at the just concluded African Investment Forum(AIF). Barrow, in an interview, said Nigeria had a very strong participation at the 2023 AIF in Marrakesh, Morocco. He said Nigeria presented not less than six projects on […]

The post Barrow highlights Nigeria’s top-notch projects at AIF appeared first on Freedom Online.

African Investment Forum 2023 secures $34.82bn Investment interest- AfDB

Gbemi Banks — Sat, 11 Nov 2023 07:23:26 +0000

The 2023 African Investment Forum (AIF) Market Days boardrooms have secured 34.82 billion dollars in investment interest during its three days session in Morocco. The figure is higher than the 31 billion dollars investment interest secured in 2022. Dr Akinwumi Adesina, African Development Bank (AfDB) Group President announced this after the 2023 AIF Market Days […]

The post African Investment Forum 2023 secures $34.82bn Investment interest- AfDB appeared first on Freedom Online.

Abidjan-Lagos highway corridor secures $15.5bn in AIF 2023- Adesina

Gbemi Banks — Wed, 08 Nov 2023 13:49:31 +0000

Dr Akinwumi Adesina , President of African Development Bank (AfDB) said that the Abidjan-Lagos highway corridor has secured a 15.5 billion dollars investment interest. Adesina said this while welcoming participants at the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco on Wednesday. The event has as its theme,” Unlocking Africa’s Value Chains”. Adesina […]

The post Abidjan-Lagos highway corridor secures $15.5bn in AIF 2023- Adesina appeared first on Freedom Online.

AfDB approves new loan to finance construction of Namibia’s railway

Gbemi Banks — Wed, 01 Nov 2023 17:04:08 +0000

African Development Bank (AfDB) on Wednesday said it has approved 196.43 million dollars loan for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP). The bank said in a statement that the loan, which was approved Tuesday, represents 51.8 per cent of the project’s total cost, while the Namibian government will […]

The post AfDB approves new loan to finance construction of Namibia’s railway appeared first on Freedom Online.

Tinubu seeks Senate approval of 2022-2024 external borrowing plan of $7.8bn, €100m

Gbemi Banks — Wed, 01 Nov 2023 15:31:18 +0000

President Bola Tinubu has sought the approval of Senate for the 2022-2024 external borrowing plan of 7.8 billion dollars and 100 million euros. Tinubu’s request was contained in a letter addressed to President of Senate, Godswill Akpabio and read at plenary on Wednesday. Tinubu in the letter said the past administration had approved the 2022-2024 […]

The post Tinubu seeks Senate approval of 2022-2024 external borrowing plan of $7.8bn, €100m appeared first on Freedom Online.

AfDB, partners inject $1bn to fund Nigeria’s SAPZs in 24 states

Gbemi Banks — Sat, 28 Oct 2023 12:51:41 +0000

African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development have voted $1billion to deliver special agro-industrial processing zones in 24 States of Nigeria. This is in addition to an initial $520 million voted by the development partners for the development of eight special agro-industrial processing zones in the country. […]

The post AfDB, partners inject $1bn to fund Nigeria’s SAPZs in 24 states appeared first on Freedom Online.

Shettima to participate in AfDB world food dialogue in U.S.

Gbemi Banks — Sun, 22 Oct 2023 12:37:02 +0000

Vice President Kashim Shettima has arrived in the United States of America to participate at the African Development Bank (AfDB) World Food Prize-facilitated Norman Borlaug, International Dialogue slated for Iowa. Mr Stanley Nkwocha, Senior Special Assistant to the President, Media and Communications, Office Of The Vice President, disclosed this known in a statement on Sunday […]

The post Shettima to participate in AfDB world food dialogue in U.S. appeared first on Freedom Online.

AfDB imposes 12-month conditional non-debarment on Unik coy for corrupt practice

Gbemi Banks — Sun, 15 Oct 2023 16:11:03 +0000

The African Development Bank (AfDB) Group, has announced its conclusion of a negotiated settlement agreement with Unik Construction Engineering (Pty) Limited. The AfDB in a statement on its website, said this would put an end to sanctions proceedings for a corrupt practice against the company. ”Pursuant to the negotiated settlement agreement, Unik Construction Engineering (Pty) […]

The post AfDB imposes 12-month conditional non-debarment on Unik coy for corrupt practice appeared first on Freedom Online.

AfDB, NGO inaugurate project to boost small enterprises

Gbemi Banks — Wed, 11 Oct 2023 10:55:16 +0000

The African Development Bank(AfDB) Group’s country office in Guinea and the Non-Governmental Organisation Dare to Innovate (DTI) have inaugurated a project to boost small enterprises. The bank, in a statement on its website, said the “Project to Build the Resilience of Small and Medium-Sized Enterprises” would grow businesses in Guinea, Ghana and Benin. “This project, […]

The post AfDB, NGO inaugurate project to boost small enterprises appeared first on Freedom Online.

Interpeace collaborate to promote peace in Africa

Gbemi Banks — Wed, 04 Oct 2023 14:06:32 +0000

The African Development Bank (AfDB) and Inter-peace, an international organisation for peace building based in Switzerland have agreed to promote peace in Africa. The organizations in a statement on AfDB’s website, signed a Memorandum of Understanding (MoU) to jointly promote economic investment and social development that positively impacts peace. The signing took place during the […]

The post Interpeace collaborate to promote peace in Africa appeared first on Freedom Online.

ADF grants Mozambique $6.73m to strengthen private sector, manage public finances

Gbemi Banks — Sun, 17 Sep 2023 15:05:14 +0000

The Board of Directors, African Development Fund (ADF) has approved 6.73 million dollars grant to Mozambique to support implementation of the Institutional Support Project for Business Environment and Governance. The African Development Bank (AfDB) in a statement on its website said the aim of the project was to increase resilience through institutional capacity building. According […]

The post ADF grants Mozambique $6.73m to strengthen private sector, manage public finances appeared first on Freedom Online.

Italy contributes €5.5m to AfDB’s youth trust fund for economic growth

Gbemi Banks — Sat, 01 Jul 2023 19:54:31 +0000

The African Development Bank (AfDB), has welcomed a contribution of 5.5 million Euros from Italy for its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. A statement on AfDB’s website, said Italian officials announced the new financing during the Fund’s mid-year Oversight Committee Meeting held virtually on June 26. The team was led by Marco Rusconi, […]

The post Italy contributes €5.5m to AfDB’s youth trust fund for economic growth appeared first on Freedom Online.