Nigeria Gets $1.1B AfDB Loan for Electricity Expansion
Nigeria has secured a $1.1 billion loan from the African Development Bank, AfDB, to provide electricity to 5 million residents by 2026. President Bola Tinubu, who announced this in a speech at the just concluded Mission 300 Africa Energy Summit in Tanzania, also said the AfDB’s $200 million in the Nigeria Electrification Project will provide […]
African Nations to Connect 300 Million People to Power by 2030
Several African nations converged for an energy summit in Tanzania and committed to open up their electricity sectors to attract investors and light up homes of 300 million people in the next six years. Launched by the World Bank and the African Development Bank, the plan dubbed “Mission 300” aims to unlock at least $90 […]
AfDB warns rising Cost Of Living may lead to Social Unrest
The African Development Bank has raised an alarm that RISING PRICES of fuel and other commodities could lead to SOCIAL UNREST in Nigeria, Ethiopia, Angola and Kenya. The bank sounded the warning in its macroeconomic performance and outlook for 2024, in which it projected Africa’s economy to grow higher than the 3.2 per cent recorded in 2023, but projected that growth will […]
