Tinubu Tasks Dev’t Financiers on Investments In Agric, Infrastructure
Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of $2.1 billion as of April 2024
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Clean Cooking in Africa: IEA, AfDB Source $2.2bn funding
The International Energy Agency, the African Development Bank and many other global partners have mobilised $2.2 billion out of the $4 billion needed annually to provide clean cooking alternatives to populations in Africa. IEA reports detailed that polluting and unsafe cooking methods cause the premature deaths of approximately 600,000 women and children every year. The…
Indorama Eleme Secures $75m AfDB Loans for Expansions
▪︎Image: $75m loan agreement signing ceremony between AfDB and Indorama Eleme Fertiliser The African Development Bank has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited to increase its fertilizer production and develop a port terminal for exports. Ousmane Fall, the African Development Bank’s acting director for Industrial and Trade…