• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

ADF invests $45bn in 40 countries – AfDB

AfDB

The Matters Press by The Matters Press
April 26, 2022
Reading Time: 2 mins read
0
Nigeria gets AfDB’s $14m as member of ATI

AfDB

The African Development Bank (AfDB), says the African Development Fund (ADF) has invested 45 billion dollars in 2,750 operations across 40 African countries.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The Bank in a brochure titled ‘50 Voices, 50 Stories: Celebrating the impact of the African Development Fund over five decades, said this on its website on Tuesday.

AfDB said that since the creation of the fund in 1972, it had been an important source of concessionary resources and technical support to low-income African countries.

The Bank said the fund had in the past five years, helped to connect 15.5 million people to electricity, supported 74 million Africans with improved agriculture and food security.

AfDB said the fund had also built or rehabilitated 8,700 kilometres of roads, enabled 50 million people to gain access to transport and 42 million people to access better water and sanitation.

“Fifty years ago, the ADF was founded on one fundamental principle.

“It is to promote economic and social development in the lives of people in low-income and fragile African countries.

“Today, the fund remains a staunch partner of these countries, touching the lives of millions of people across the continent.

“A people-first approach remains at the core of the fund’s priorities.

“As it celebrates its 50th anniversary this year, the AfDB Group is launching 50 Voices, 50 Stories: a series which highlights the fund’s life-changing impact in 37 beneficiary countries,’’ the Bank said.

AfDB said that the fund supported its benefitting countries through the 2008 and 2009 global financial crisis and the 2014 Ebola outbreak in West Africa.

It said the fund’s support came to the countries during frequent and intense droughts, floods and other natural disasters.

It noted that during the COVID-19 pandemic, the fund demonstrated its ability to respond rapidly, reprioritising its operations and targeted programmes to mitigate impacts of the pandemic through the COVID-19 Response Facility.

The Bank said the fund was investing in building up a deep understanding of the drivers of conflict and fragility across Africa to address the root causes of poverty and conflicts.

AfDB in the brochure assured benefitting countries that the fund would continue to play a fundamental role in their lives.

“As the beneficiary countries continue to bear the brunt of the most devastating impacts of COVID-19, rising debt, climate change, and more recently the prospect of a food crisis triggered by the conflict in Ukraine, the fund will continue to play a fundamental role in the lives of people in these countries”.

The ADF is the concessional window of the AfDB Group, established in 1972 but became operational in 1974.

Tags: ADFAfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
Nigeria disburses N56bn to MSMEs

NASME seeks stronger synergy to promote entrepreneurship in Africa

Nigeria’s N225bn bonds oversubscribed

Nigeria’s N225bn bonds oversubscribed

Recommended Stories

EFCC hits BDCs to save the Naira

TMSG dissociates self from pro-Yahaya Bello social media post, backs EFCC anti-graft initiatives

September 19, 2024
5G network for launch 2020

Nigeria makes $68b investment from telecom

July 12, 2019
Strike puts Nigeria in darkness

Nigeria, EU, AFD sign €25m deal to strengthen Northwest electricity

September 15, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us