Business Economy Oil & Gas Top Story

Akinwumi Adesina calls Dangote refinery ‘game-changing initiative’

Reading Time: 2 minutes Image Credits: AfDB. The African Development Bank President (AfDB), Dr. Akinwumi Adesina, has described the $19.5 billion Dangote oil refinery and petrochemical plant projects as a “game-changing initiative” that will spur Africa’s development and deepen regional integration, while on a tour on Saturday of the partially bank-funded project. The complex will create 38,000 jobs during Read More…

Business Oil & Gas Top Story

COP 26: Akinwumi Adesina advocates gas for stable power supply

Reading Time: 2 minutes Image Credits: Getty Images/Ron and Patty Thomas, Eric Roset/Africa Progress Panel. Says even if Africa triples gas consumption, only 0.67% of global gas will be emitted African Development Bank President Akinwumi Adesina said on Thursday that gas remained critical for African economies despite the global push to end investments in fossil fuels as the world Read More…

Business Power

African Development Bank COVID-19 Platform closing in on $20 million sustainable energy investment

Reading Time: 2 minutes Image Credits: Eric Roset/Africa Progress Panel. The African Development Bank (AfDB) has announced that it has reached financial close on financing agreements for a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP). In a statement it released on Saturday, AfDB said the 5-year, $50 Read More…

Couture Entertainment Top Story

AfDB launches ‘Fashionomics Africa’ contest to promote innovative circular fashion

Reading Time: 3 minutes Image Credits: Emmanuel Oyeleke, ThisDay/Kunle Ogunfuyi. The African Development Bank’s Fashionomics Africa initiative is launching a competition to support designers of sustainable and circular fashion. The first Fashionomics Africa online contest will invite African fashion brands pursuing environmentally friendly measures, sustainability and circular economy actions to participate. The designer submitting the “best sustainable design” will Read More…

Economy Featured

FG congratulates Adesina on re-election as AfDB president

Reading Time: 2 minutes Image Credits: CHANNELSTV. The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank for a second term.  The congratulatory message was delivered by Mrs Zainab Ahmed, Governor of Nigeria to AfDB, and Minister of Finance, Budget and National Planning on Read More…

Agriculture Business Featured

141m Africans gain from better agric tech to boost food security – Adesina

Reading Time: 2 minutes Image Credits: REUTERS/Njeri Mwangi, Eric Roset/Africa Progress Panel. The President of African Development Bank (AfDB), Dr Akinwumi Adesina says  141 million people have benefitted from improved agricultural technologies to enhance food security in the last five years he assumed office. Adesina made this known during the opening of the bank’s Annual General Meeting (AGM) held Read More…