Nigeria: African Development Bank approves $25 million Trade Finance Facility for FSDH Merchant Bank for local SMEs

The Board of Directors of the African Development Bank Group has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank in Nigeria. FSDH will use the line of credit to provide loans to local enterprises in Nigeria.

Benin: African Development Fund to provide partial credit guarantee to facilitate resource mobilization for Sustainable Development Goals

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Benin’s mobilization of financing to meet United Nations Sustainable Development Goals (SDGs) targets.

Speech by Dr. Akinwumi A. Adesina, President, African Development Bank Group, at the 2022 Civil Society Forum, Abidjan, Cote d’Ivoire, 6 October 2022

Your Excellencies, Ambassadors
Your Excellencies, Honorable Ministers
Executive Directors of the African Development Bank
Senior Management and Staff of the Bank
Leaders and members of Civil Society Organizations
Distinguished ladies and gentlemen
Good morning, everyone!
 
I am delighted to welcome you to the 2022 Civil Society Forum.

African Development Bank president Akinwumi Adesina awarded Man of the Year (Africa) in 2022 by Exclusive Men of the Year Awards

African Development Bank President Dr. Akinwumi Adesina has been named 2022 Man of the Year (Africa) by Exclusive Men of the Year (EMY), for his visionary leadership as the president of the African Development Bank Group and for his outstanding contribution to Africa during his period as agriculture minister of Nigeria.

Côte d'Ivoire: African Development Fund to release $10.53 million to secure electricity access for approximately 500,000 inhabitants in 739...

The Board of Directors of the African Development Fund, the concessional financing window of the African Development Bank Group has approved $10.53 million in financial support to Côte d'Ivoire. The funds, to be disbursed to the Ivorian government, will be used to connect 739 rural localities to clean, affordable...