AfDB Discuss Banks zplan for 2025 The Programme is expected to target 7 states The African Development Bank (AfDB) has announced a $2.2 billion funding package to develop Special Agro-Industrial Processing Zones (SAPZ) across Nigeria, aimed at transforming the nation’s agriculture sector and addressing food insecurity. Eko Hot Blog reports that Abdul Kamara, the Director … Read more
Lagos State Ministry of Physical Planning and Urban Development recently held a meeting with the Ministry of Health and representatives from the African Development Bank (AfDB) to explore ways of enhancing the sustainability of health systems project preparation in the state. Dr. Oluyinka Olumide, Commissioner for Physical Planning and Urban Development, emphasized the importance of … Read more
Eko Hot Blog reports that the Canada–African Development Bank Climate Fund (CACF), established to support gender-affirmative climate change projects in Africa, has approved $36.3 million to two private sector operations to advance climate adaptation on the African continent. In a statement issued by CACF on Tuesday, the body disclosed that the amount, in the form … Read more
Eko Hot Blog reports that Geregu Power Plc’s Chairman, Mr. Femi Otedola, has unveiled an ambitious plan to collaborate with the Lagos state government in developing a pioneering power transmission project. Otedola, a prominent billionaire investor with diverse business interests, announced the development following a meeting with Lagos State Governor, Babajide Sanwo-Olu and the President … Read more
EKO HOT BLOG reports that the Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. According to a report by the News Agency of Nigeria (NAN), this is contained in a statement issued by the Nigeria Country … Read more
• Diaspora: NiDCOM partners AfDB on Trust Fund, Investment, training, others • Nigerian Diaspora all over the world are amongst the greatest professionals , and has again this year , recorded the highest remittances in sub-Saharan – NiDCOM Boss EDITOR’S PICK JUST IN: Nnamdi Kanu Sends Strong Message To Unknown Gunmen [VIDEO] BREAKING: Federal High … Read more
Momodu accused Tinubu’s media handlers of “fumbling” through cheap campaigns… EKO HOT BLOG reports that Dele Momodu, a presidential aspirant, on Saturday, denied endorsing Bola Tinubu, National Leader of the All Progressives Congress (APC) for the 2023 presidency. Momodu accused Tinubu’s media handlers of “fumbling” through cheap campaigns. He was reacting to the circulation of … Read more
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum until further. EKO HOT BLOG reports that AfDB made the postponement over rising global travel restrictions due to the COVID-19 Omicron variant. The event was initially billed to hold between December 1 – 3, 2021, in Abidjan, Côte d’Ivoire. Solomon Mugera, AfDB’s director, … Read more
As part of the African Development Bank’s effort to improve infrastructure in Nigeria, Kano State is set to get $110 million of $563 million the bank is providing. EKO HOT BLOG reports that the $563 million funds would be spent on developing rural roads, transport infrastructure, water, sanitation, and agricultural productivity in the country. AfDB … Read more
Interventions by the African Legal Support Facility (ALSF) have saved African countries an estimated four billion dollars in the last three years says AfDB EkoHotBlog reports that a virtual high-level conference was held on Wednesday to commemorate the extension of the term of the ALSF and review the facility’s achievements over the last decade. The … Read more
The winners of the award were announced by political economist, Prof Pat Utomi, on Thursday. EKOHOTBLOG reports that the Governor of Lagos State, Babajide Sanwo-Olu; President of the African Development Bank Group (AfDB), Akinwunmi Adesina; former Secretary to the Government of the Federation, Anyim Pius Anyim, and Group Managing Director of the Nigerian National Petroleum … Read more
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has opined that the restructuring of Nigeria should be driven by economic and financial viability, which he noted are necessary for political viability. Adesina stated this while delivering a public lecture in Akure, the Ondo State capital. The public lecture titled ‘Toward a New … Read more
AfDB The African Development Bank (AfDB) says Africa accounted for only six per cent of global energy demand, a little more than three per cent of electricity demand. Mr Kevin Kariuki, Vice President, Power, Energy and Green Growth of AfDB made the assertions at the second webinar series of the Africa Investment Roundtable (AIR) entitled: … Read more
AfDB, Forum 2021 The Board of Directors of the African Development Bank (AfDB) Group and the Africa Investment Forum (AIF) founding partners have approved the postponement of the 2020 AIF to 2021. According to a statement from the AfDB on Wednesday, the postponement is due to the ongoing COVID-19 pandemic. Read Also: Time To Vote, … Read more
The immediate past Nigerian President, Goodluck Jonathan has joined other African leaders and financial experts to congratulate the President of the African Development Bank (AfDB), Akinwumi Adesina on his re-election and eventual swearing-in. The ex-President, who joined virtually, during Adesina’s swearing-in ceremony on Tuesday, said he is confident the AfDB President will not disappoint Africa … Read more
Nigeria’s Akinwumi Adesina has described his re-election as the President of the African Development Bank (AfDB) as historic and another call for selfless service to Africa. Dr Adesina spoke about his re-election during the closing session of the 55th Annual Meetings of the bank which held virtually on Thursday. While expressing delight on his victory, … Read more
President Muhammadu Buhari has felicitated with President of African Development Bank (AfDB), Dr Akinwumi Adesina, on his re-election for a second term in office. News of the victory came during the Council of State meeting, which was attended by former heads of state, Senate President, governors, some Ministers, and senior government officials. As Secretary to … Read more
The President of the African Development Bank, Akinwumi Adesina, appealed on Wednesday for a second term in office after a months-long storm over alleged corruption and poor governance that ended after he was cleared in an independent probe. In a speech at the AfDB’s annual meetings, Adesina formally requested a second term as president, declaring … Read more
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 between August 25 and August 27. According to a report by Bloomberg, Nigeria has almost doubled its voting rights in the AfDB to 16.8 per cent. Read Also: Press Release … Read more
– An independent panel of experts have exonerated the President of African Development Bank, Adesina Akinwumi – Base on the outcome of the investigation, Adesina is now cleared to recontest for the office. An independent panel of experts, headed by former Irish President Mary Robinson, has cleared the beleaguered leader of the African Bank of … Read more