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African Development Bank Approves $288.5 Million For Nigeria COVID-19 Response Support Program

African Development Bank Approves $288.5 Million For Nigeria COVID-19 Response Support Program

The Board of Directors of the African Development Bank on Friday approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan will bolster the government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact on workers and businesses and strengthen […]

UN Agencies Unite In Support Of Africa’s Growth Agenda

UN Agencies Unite In Support Of Africa’s Growth Agenda

 “In a turbulent and unpredictable world where multilateralism is under threat, we need stronger collaboration in support of the 2030 and 2063 agendas,” said Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA) Ms. Songwe urged UN agencies to rally behind ongoing continental initiatives aimed at boosting intra-Africa integration and trade and others […]

Nigeria To Benefit From €2.6 Billion European Union Funds For Growth

Nigeria To Benefit From €2.6 Billion European Union Funds For Growth

Nigeria is among some African countries to benefit from the €2.6 billion European Fund for Sustainable Development (EFSD).The EFSD will contain two ‘blending’ facilities/ platforms, which will provide grants to improve the conditions under which public institutions and the private sector working with International Financial Institutions (IFIs) can borrow for investment purposes. Minister, Deputy Head […]

“Lights, Power, Action”: AfDB’s Adesina and Kofi Annan Urge Governments to Close Africa’s Energy Deficit

“Lights, Power, Action”: AfDB’s Adesina and Kofi Annan Urge Governments to Close Africa’s Energy Deficit

The Chair of the Africa Progress Panel and former UN Secretary-General, Kofi Annan, and the President of the African Development Bank, Akinwumi Adesina, have called on African governments and their partners to do everything possible to close the continent’s huge energy gap. They made the call on Monday, March 13, 2017 in Abidjan, Côte d’Ivoire, […]