Agric Financing Agriculture Foreign News

AfDB reaffirms $74m support for Sudan’s wheat production

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 […]

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Banking & Finance Economy Foreign News

$4trn new annual financial target to save SDG —  Adesina

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, […]

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Disasters Environment Foreign News

AfDB, ICRC sign MOU to advance sustainable solutions

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 […]

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Banking & Finance Economy Foreign News General

AfDB grants Egypt’s CIB $148m financial support

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 […]

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Agric Financing Agriculture Farming

FG targets 1.25 million tonnes of wheat cultivation

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 […]

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Shettima tasks governors on agric sector development

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 […]

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Agriculture Ecology

AfDB supports Komadugu-Yobe basin with N177.5m grant

African Development Bank (AfDB), has signed a €362,000 (N177,485,927.72) grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund. In a statement, the bank said the grant would prepare additional studies under the second-phase of developing a strategic plan for managing water resources in the Komadugu-Yobe Basin in northern Nigeria. “Specifically, the grant will support the […]

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