The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of EUR 118.63 million to Benin to implement the Drinking Water Supply for Resilience in Rural Areas Programme in Abidjan with the aim of supplying drinking water to an additional 965,000 people in the West African country. The African Development Bank … Read more
The chair of FBN Holdings and majority owner of Geregu Power, Femi Otedola, has joined the circle of prominent Nigerians mustering support for Africa’s most affluent man Aliko Dangote, who has been in conflict with authorities over his new refinery business. Mr Otedola, the strongman of Nigeria’s financial and capital markets, recounted the contributions and … Read more
The African Development Bank (www.AfDB.org) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The loan will enable Indorama to increase its fertiliser production and develop a port terminal for exports, supporting food production and food security across regional and international markets while fostering job creation in Nigeria. The … Read more
