AfDB grants Kogi $100m loan to facilitate agric projects
Onome AmugeApril 28, 2021
Onome Amuge The African Development Bank (AfDB) has granted the Kogi State government $100 million loan to finance some Special Agro
AfDB board writes off Sudan’s $413m debt arrears as country, after 30-yr misrule, opening into global economic geopolitics
BEN EGUZOZIEApril 27, 2021
Ben Eguzozie, in Port Harcourt War-harried Sudan has had its debt arrears of $413 million owed the African Development
Egypt secures US$ 114 million financing package for largest solar plant
Wale AmeenApril 23, 2021
Funding comes from a consortium of lenders including European Bank for Reconstruction and Development, OPEC Fund for International
Commitment to regional integration imperative for Africa’s development, ARII report says
Wale AmeenApril 19, 2021
Latest edition of the ARII repot calls for concerted effort towards regional integration on the African continent. The report is a
Egypt secures €145 million loan from AfDB for upgrade of its national rail line
Wale AmeenApril 6, 2021
Funding to be used to enhance network capacity and operational safety of national rail line Passenger traffic expected by
Nigeria, other AfDB regional shareholders to benefit from CA$133 million Canada climate fund
Ben Eguzozie in Port HarcourtMarch 23, 2021
…Fund to be administered by AfDB …To finance climate change projects in AfDB’s regional member countries Ben Eguzozie, in Port
AfDB commits $530 million in funding to power transmission in Angola
Wale AmeenMarch 16, 2021
The project once operational in 2023 will mitigate the nation’s annual spending on 46.8 billion litres of diesel yearly in the
AfDB projects Nigeria’s GDP to grow by 1.5%, W/A by 2.8% and Africa by 3.4% in 2021 if modest fiscal stimulus is sustained
Charles AbuedeMarch 16, 2021
Says counterbalancing forces will keep inflation muted over the medium term as it moderates by 9% in 2021 Africa’s growth performance
Africa’s 2021 growth prospects bullish, despite COVID-19 constraints, debt burden – AfDB
Ben Eguzozie in Port HarcourtMarch 14, 2021
…Continent’s GDP to grow by 3.4% …But govts need $154bn to respond to Covid crisis …Recovery doesn’t remove poverty threat, with 39m
Stiglitz, Economics laureate urges global plan for African growth rebound
Ben Eguzozie in Port HarcourtMarch 14, 2021
…As continent’s debt climb 70% of GDP …We want comprehensive, quick restructuring; debt standstill not enough” – Stiglitz …Proposes