Tag Archives: African Development Bank

By Pastor Isaac Ademoroti Christianity is 2000 years old. The whole faith began when Jesus Christ, the Son of the living God, gave His life as a ransom for mankind’s salvation. It was for the restoration of the relationship between Man and God. You will probably recall that the relationship between God and humans went sour in the Garden of …

African Development Bank approves a $50 million Trade Finance Risk facility for Standard Chartered Bank

The Board of Directors of the  African Development Bank has approved a grant of $11.26 million to the Government of Chad to finance the Girls’ Education and Women’s Literacy Project– the first Bank grant exclusively targeting women and girls.

Nigeria’s Akinwumi Adesina has been re-elected as the President of the African Development Bank for a second five-year term.

The African Development Bank Group (www.AfDB.org), has announced a decision by its Sanctions Appeals Board imposing a 13-month debarment on Entreprise de Travaux et d’Etudes de Projets (ETEP) SA, a civil engineering company registered in Tunisia, for engaging in sanctionable practices.

Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, said as he unveiled the Bank’s flagship economic report on Thursday.

 The Board of Directors of the African Development Bank Group has approved a $210 million  financing package to the Federal Republic of Nigeria, for the Nigeria Transmission Expansion Project (NTEP1), which seeks to rehabilitate and upgrade the nation’s power lines and improve distribution and supply.

For President Adesina, Anthony’s story is one of hope. Three years ago, Anthony, then 11, showed signs of stunted growth as observed by African Development Bank President Akinwumi Adesina during a visit to Madagascar’s Bas Mangoky region.