Africa: AfDB okays $20b for transport infrastructure

adesina Yamoussoukro afdb

The African Development Bank (AfDB) has invested over $20 billion in transport infrastructure on the continent in the last one decade. The continental lender said more than $1 billion of the $20 billion was invested in the aviation sector. Its Chief Aviation Officer, Romain Ekoto made this known in an online interview. Ekoto said for many years, AfDB has supported […]

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Africa: AfDB identifies 14 sites for Agro-industrial Processing Zones in Nigeria

adesina Yamoussoukro afdb

The African Development Bank (AfDB), says it has identified 14 sites for the proposed Special Agro-Industrial Processing Zones (SAPZs) in Nigeria. Prof. Banji Oyelaran-Oyeyinka, Special Adviser on Industrialisation to AfDB’s President, Dr Akinwumi Adesina disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday. NAN reports that the bank had met with investors in […]

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Africa: AFDB do not fund acquisition of planes – Chief Aviation Officer

AFDB

The African development Bank (AFDB) has clarified its role in the financing and support of Africa aviation industry. The bank is engaged in several projects on the continent of which tourism and aviation is widely featured in its budgets and spending. But speaking on the session “Funding and Financing for Development: pragmatic measures to build a transparent, stable and predictable […]

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Aviation: AfDB, Afreximbank Earmark $20bn for Establishment of Leasing Company, MRO in Nigeria

adesina Yamoussoukro afdb

African Development Bank (AfDB) and African Export, Import Bank (Afreximbank) have agreed to raise capital base of about $20 billion for the actualisation of federal government’s plan to establish aircraft leasing company and Maintenance, Repair and Overhaul (MRO) facility. This is in line with the two financial institutions’ objective to support aviation development in Africa in order to expand and […]

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Aviation: Many old, inefficient aircraft flying in Africa – AfDB

Mid Nigeria afdb plane transport travel pilgrims

The African Development Bank(AFDB), on Tuesday declared that too many old and inefficient airplanes were flying around the continent. According to the bank, Africa is the riskiest of skies to fly in, as the continent accounts for only 3.4 per cent of all flight departures, represents over nine per cent of all air accidents, and 37 per cent of total […]

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Africa: Nigeria to implement Visa Issuance within 48 hours on application to Investors

Africa: Nigeria to implement Visa Issuance within 48 hours on application to Investors The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, Tuesday said the federal government has directed all its foreign missions abroad to commence a 48- hour visa issuance programme to those willing to do business in Nigeria. He said by the latest directive, bottlenecks associated with […]

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Africa: FG to complete Cameroun, Nigeria border highway

FG to complete Cameroun, Nigeria border highway The Federal government has reiterated its commitment to the completion of Nigeria-Cameroun border highway and also to ensure that bridges on its highways across the country receive necessary attention. The Nigeria – Cameroon Multinational Highway and Transport Facilitation Programme for the Bamenda – Enugu Road Corridor was conceived as far back as 2002 […]

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Aviation: African Development Bank provides $159 million loan to Ethiopian Airlines

Ethiopian Madagascar airlines

African Development Bank provides $159 million loan to Ethiopian Airlines The Board of Directors of the African Development Bank (AfDB) has approved a financing package of $159 million to partly finance Ethiopian Airlines’ expansion plan and fleet modernization program. The package comprises two tranches, with the first tranche (85% of the financing) being covered by African Trade Insurance, Africa’s export […]

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African Trade: China battles Japan for investment in Africa

China-Africa trade in 2015 amounted to about $180 billion, which was nearly 7.5 times more than Japan-Africa trade. If these numbers grow because of the “race to Africa,” Africa will benefit. The Sixth Tokyo International Conference on African Development (TICAD) was hosted in Nairobi, Kenya in August. There is some strong symbolism in its presence in Kenya, as it was […]

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Africa: Kenya Immigration identify and Target Nigerians for Immigration offenses with twitter

visa

More than 25 Nigerians have been arrested in Kenya for staying in the East African country longer than their visas permitted, the Kenya Immigration office has said. In a series of tweet to alert Kenyans on Nigerians flouting the immigration laws, the Kenyan immigration office said any foreigner seeking accommodation in the country must show valid documentations to be admitted. […]

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