The fund is to support ETC Group Ltd., food production expansion plans across 10 countries in Africa.
Mr Buhari will be attending the inauguration of the second Intra-African Trade Fair (IATF) 2021.
The country’s debt status has continued to rise following the president’s decision to keep servicing the country’s ballooning budget with loans from foreign countries.
“This summit is aimed at bringing together key actors in the global agribusiness space to showcase their potential for agribusiness investments.”
AfDB says it is ready to assist Nigeria in designing and implementing ‘Security-Indexed Investment Bonds’ to raise more resources to tackle its security challenges.
Angola will invest $600 million to increase the electricity capacity in the southern region next year, Angola’s Minister of Energy and Water Joao Baptista Borges has announced.
The debarment qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Enforcement of Debarment Decisions.
Sustainable Energy Fund for Africa has extended a $1 million-dollar grant to African countries for the transition to flexible green grids.
“The impact of COVID-19 on government resources is huge, and we need to mobilise more private resources to help African countries build back stronger.”
The AfDB had approved its ‘Job for Youth in Africa Strategy’ to help create 25 million direct and indirect jobs and empower 50 million youth over 10 years.
