Sunday, April 19, 2026

African Development Bank

AFDB Releases ₦766.7bn to Boost Nigeria’s Electricity Sector

The African Development Bank (AFDB) has disbursed $500 million (₦766.7 billion) to support Nigeria’s power sector under its $1 billion Economic Governance and Energy Transition Support Programme. AFDB’s Nigeria Country Director, Dr. Abdul Kamara, revealed this at the launch of...

Africa Losing Up to $15bn Annually to Climate Change

President of the African Development Bank, Dr Akinwumi Adesina, says Africa is losing between $7 billion and $15 billion every year to climate change — a figure that could hit $50 billion by 2050 if urgent steps aren’t taken. Speaking...
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