Thursday, March 5, 2026
Egypt secures €145 million loan from AfDB for upgrade of its national rail line
Funding to be used to enhance network capacity and operational safety of national rail line Passenger traffic expected by...
Read moreDetailsNigeria, other AfDB regional shareholders to benefit from CA$133 million Canada climate fund
…Fund to be administered by AfDB …To finance climate change projects in AfDB’s regional member countries Ben Eguzozie, in...
Read moreDetailsAfDB commits $530 million in funding to power transmission in Angola
The project once operational in 2023 will mitigate the nation's annual spending on 46.8 billion litres of diesel yearly in...
Read moreDetailsAfDB 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
Says counterbalancing forces will keep inflation muted over the medium term as it moderates by 9% in 2021 Africa’s growth...
Read moreDetailsAfrica’s 2021 growth prospects bullish, despite COVID-19 constraints, debt burden – AfDB
…Continent’s GDP to grow by 3.4% …But govts need $154bn to respond to Covid crisis …Recovery doesn’t remove poverty threat,...
Read moreDetailsStiglitz, Economics laureate urges global plan for African growth rebound
…As continent’s debt climb 70% of GDP …We want comprehensive, quick restructuring; debt standstill not enough” – Stiglitz …Proposes international debt...
Read moreDetailsAfDB announced as 2021 World’s Best Multilateral Financial Institution
As rating agency S&P Global confirms the banks's AAA/A-1+ foreign issuer credit rating with a stable outlook. Wale Ameen ...
Read moreDetailsAfDB rolls out AFAWA Guarantee for Growth programme targeting women
* introduces first beneficiaries Wale Ameen The African Development Bank in collaboration with the African Guarantee Fund has...
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