AfDB Archives - The Glitters Online

Africa Can Raise $469bn Without Tax Hikes – AfDB

Kazeem Tunde — Thu, 04 Jun 2026 05:20:55 +0000

Africa Can Raise $469bn Without Tax Hikes – AfDB Africa can unlock more than $469bn in additional annual revenue without raising statutory tax rates, according to the African Development Bank. Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank, Prof Kevin Urama, said this in an interview […]

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70% Of Nigerian Firms Depend On Generators – AfDB

Kazeem Tunde — Sun, 31 May 2026 20:07:38 +0000

70% Of Nigerian Firms Depend On Generators – AfDB The African Development Bank has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent electricity shortages, with power outages costing businesses about three per cent of their annual sales. The bank disclosed this in its 2026 African Economic Outlook […]

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Nigeria’s Economic Growth May Weaken In 2027- AfDB

Kazeem Tunde — Fri, 29 May 2026 11:25:37 +0000

Nigeria’s Economic Growth May Weaken In 2027- AfDB The African Development Bank Group has projected that Nigeria’s economic growth will slow to 3.7 per cent in 2027 as easing global oil prices reduce external revenue inflows, despite a modest improvement expected in 2026. The projection was contained in the bank’s recently published African Economic […]

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AfDB Approves $46m Loan For Major Healthcare Transformation In Sokoto

Kazeem Tunde — Fri, 01 Aug 2025 10:54:02 +0000

AfDB Approves $46m Loan For Major Healthcare Transformation In Sokoto The African Development Bank has approved a $46 million loan to support a large-scale health infrastructure overhaul in Sokoto State. According to a statement from the Bank, the Board of the bank approved the loan to address long-standing gaps in access and quality of […]

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AfDB Projects 6% Naira Depreciation In 2025 Amid Global Uncertainty

Kazeem Tunde — Fri, 30 May 2025 05:43:20 +0000

AfDB Projects 6% Naira Depreciation In 2025 Amid Global Uncertainty At the backdrop of growing global financial market volatility, the African Development Bank (AfDB) has projected that the naira will depreciate by at least 6% between 2025 and 2026. The projection was revealed in the African Economic Outlook 2025 published by the bank, highlighting the […]

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AfDB Launches $650m Yearly Economic Support For Nigeria

Kazeem Tunde — Fri, 02 May 2025 15:19:00 +0000

AfDB Launches $650m Yearly Economic Support For Nigeria The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity. The Bank disclosed this in a statement published on its website on Thursday, […]

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Five Candidates Cleared For AfDB Presidency Race – Committee

Kazeem Tunde — Sat, 22 Feb 2025 12:39:49 +0000

Five Candidates Cleared For AfDB Presidency Race – Committee The race to lead the African Development Bank (AfDB) has officially begun with the release of the list of candidates vying for the prestigious role of president. AfDB, in a statement, said this was the outcome of a two-day meeting held at the bank’s headquarters […]

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AfDB, Interpol Partner To Combat $90bn Illicit Financial Flows In Africa

Kazeem Tunde — Fri, 21 Feb 2025 11:42:41 +0000

AfDB, Interpol Partner To Combat $90bn Illicit Financial Flows In Africa The African Development Bank Group has taken a major step in combating financial crime and corruption in Africa by signing a Letter of Intent with the International Criminal Police Organisation. The historic agreement, the first of its kind between a multilateral development bank […]

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FG Secures $1.1bn AfDB Loan To Power 5m People By 2026- Tinubu

Kazeem Tunde — Thu, 30 Jan 2025 05:24:16 +0000

FG Secures $1.1bn AfDB Loan To Power 5m People By 2026- Tinubu The Federal Government has secured a $1.1 billion loan from African Development Bank, AfDB, to provide electricity for 5 million people by the end of 2026. Special Adviser to the President, (Information & Strategy), bayo Onanuga, who disclosed this in a statement, […]

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AfDB, IFC, DFC Invest $45m To Boost Vaccine Production In Africa

Kazeem Tunde — Wed, 18 Dec 2024 12:02:50 +0000

AfDB, IFC, DFC Invest $45m To Boost Vaccine Production In Africa The African Development Bank, International Finance Corporation, and a U S international Development Finance Corporation have partnered to invest $45m into vaccine production in Africa. Indeed, the African continent is still heavily dependent on vaccine imports, producing only about 1 per cent of […]

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