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S&P Affirms AfDB’s AAA Rating With Stable Outlook

S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank (AfDB)  with a stable outlook. The ratings agency said...

BREAKING! Dr. Akinwunmi Adesina re-elected as President African Development Bank

Nigeria's Dr. Akinwunmi Adesina has been re-elected as President of the African Development Bank. He was re-elected for another term of five years this morning...

Ebonyi Secures Afdb Us$70m Loan For Road Devt

The African Development Bank Group says it has approved a US$70 million loan for a road project in Ebonyi State. The Bank will provide US$40...

AfDB, Dangote Move to Fight Stunted Growth in African Children

Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank (www.AfDB.org) has unveiled a new Multi-Sectoral Nutrition Action Plan that aims...

UNESCO, AfDB Collaborate With Nigeria

The United Nations Educational, Scientific and Cultural Organisation (UNESCO)  and the  African Development Bank (AfDB) have begun a  training programme for environmental experts from...

About N120million Nigerians Live on Less Than $2 Per Day, Says...

About 152 million Nigerians live on less than $2 a day, representing about 80 per cent of the country’s estimated 190 million population, the...

UBA Gets $150 million AfDB Loan

United Bank for Africa (UBA) has secured a $150 million loan deal with the African Development Bank (AfDB) to support infrastructure projects in Africa’s...

Nigeria to Get $1billion AfDB Loan

Nigeria is in talks with the African Development Bank (AfDB) for a $1 billion dollar loan to help cover its 2016 budget deficit, the...

AfDB Approves $150million Line of Credit for UBA

The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150-million line of credit (LOC) for...

GE Leads Creation of Joint Venture with Mara Group, Atlas Merchant...

*The joint venture will seek to invest in infrastructure equity projects in selected countries throughout Africa General Electric (GE) together with the Mara Group and Atlas...
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