African Development Bank Group and the World Bank, have spearheaded a $75 billion multilateral Climate Investment Fund to catalyse the realisation of climate targets on net-zero emissions. The investment is in partnership with the United Kingdom’s government. They launched the fund, a capital market mechanism, on Tuesday in Baku, Azerbaijan. It is billed for listing […]
By Abdulfatah Babatunde Young African entrepreneurs have asked the African Development Bank (AfDB) to expand its support to female entrepreneurs, young innovators and business creators. Such expansion will reduce poverty and tackle the dearth of jobs in Africa. TheNewsZenith reports that the African youth business representatives were speaking at a panel discussion titled: “Our World, […]
From Our Correspondent Renowned climate scientist and environmental consultant, Prof. Jimmy Adegoke, says Nigerians in Diaspora can help the country navigate its developmental challenges. Adegoke made these remarks in a media chat at a send-off dinner organised by a team of diaspora scholars and associates, in his honour in Lagos. TheNewsZenith reports that the Climate […]
By Abdulfatah Babatunde The African Development Bank (AfDB) has appointed Dr Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024. Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and development economics, capacity development and public governance. The new director has experience in regulatory […]
The African Development Bank (AfDB) has reassured Sudan of its continued support in providing humanitarian and economic assistance while addressing other priority needs amid the country’s ongoing civil conflict. In a statement on Thursday in Abidjan, the Bank approved $74 million for the Sudan Emergency Wheat Production project. TheNewsZenith reports that the World Food Programme […]
By Abdulfatah Babatunde President of the African Development Bank (AfDB) Dr Akinwumi Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). TheNewsZenith reports that Adesina spoke at the Islamic Development Bank (IsDB)’s 50th-anniversary celebrations in Riyadh. He highlighted a growing annual financial shortfall of $4 trillion. This, […]
By Abdulfatah Babatunde The African Development Bank and the International Committee of the Red Cross (ICRC), on Thursday in Geneva, Switzerland, signed a memorandum of understanding to jointly address humanitarian and development challenges in Africa. The MOU further elevates a partnership between the two institutions. The signing took place on the sidelines of the Global […]
By Abdulfatah Babatunde African Development Bank (AfDB) has granted $148 million in financial support to the Commercial International Bank (CIB) of Egypt to prop up small and medium-sized enterprises (SMEs) and trade. In a statement received by TheNewsZenith on Friday, AfDB said the financial package “comes amid a shortage of foreign currency in Egypt due […]
From Our Correspondent The Federal Government hopes to boost wheat production to 1.25 million tonnes of yield as it launched the National Wheat Cultivation Scheme, on Saturday. Abubakar Kyari, Agriculture and Food Security Minister gave the projection at the launching of the 2023 dry season wheat development project in Auyo LGA of Jigawa State. TheNewsZenith […]
From Our Correspondent Vice-President Kashim Shettima has implored governors to revamp Nigeria’s agricultural sector so as to reduce dependence on food imports and attain food self-sufficiency. Shettima made the call during the 137th meeting of the National Economic Council (NEC), on Thursday, in Abuja. The Vice-President is Chairman of the NEC, a statutory body with […]