Nigeria and five other countries in Africa are expected to benefit from the rehabilitation and restoration of Lake Chad Basin that would improve the development and management of their water resources. According to a statement obtained from the African Development Bank (AfDB), the multilateral institution has signed a Memorandum of Understanding (MoU) to rehabilitate […]
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The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities. The AfDB gave the warning in its macroeconomic performance and outlook for 2024 wherein it projected the continent’s economy to grow higher than the 3.2 per cent recorded in […]
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The United States of America has committed a new grant of $9.5 million to support the Africa Development Bank’s (AfDB’s) Technologies for African Agricultural Transformation (TAAT) initiative (TAAT). According to a statement from AfDB, the grant is a part of the larger US Government’s “Feed the Future” global hunger initiative that would be used for […]
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