ADF seeks additional $4 billion to boost climate resilience in Africa
The African Development Fund (ADF), the concessional arm of the African Development Bank (AfDB) Group, plans to mobilize $4 billion this year to strengthen...
Borrowing won’t fix growth, IMF warns as Nigeria’s debt mounts
Countries must prioritize structural reforms and fiscal discipline to boost long-term growth rather than relying on borrowing, Kristalina Georgieva, Managing Director of the International...
Nigeria joins BRICS as a “partner country”. Here’s what that means
Nigeria has officially become the ninth “partner country” of BRICS, the influential group of emerging economies comprising Brazil, Russia, India, China, and South Africa.
The...
Climate tech innovation in Africa gets $10 million boost from AfDB
Things are looking up in the climate tech innovation in Sub-Sahara Africa, courtesy of an investment of $10 million by the African Development Bank...
Punishing cost of living crisis deepens as Nigeria’s inflation rises again
Nigeria’s annual inflation rate rose to 34.8% in December 2024 from 34.6% in November, according to data released by the National Bureau of Statistics...