Economy

AfDB and DAL Group sign US$75mn deal in Sudan

AfdB DAL ATRThe African Development Bank (AfDB) has signed an agreement with Sudan’s DAL Group for the provision of up to US$75mn to improve the agribusiness sector, as well as leveraging private sector investments

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Abia State governor seeks AfDB partnership to build industrial hub

Governor of the Abia State and his delegation.jpgANigeria’s Abia State governor Okezie Ikpeazu met with African Development Bank (AfDB) president Akinwumi Adesina at the Bank’s headquarters in Abidjan, Cote d’Ivoire to discuss investment for Abia to help boost job creation and enhance livelihoods

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Nigerian Senate approves executive request for US$22.7bn loan

Buhari March 20The Nigerian Senate has approved a US$22.7bn external loan requested by President Muhammadu Buhari under the 2016-2108 medium-term external borrowing rolling plan

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Ghana looking to AfDB for investment in an integrated aluminium industry

Ghana AfDBThe African Development Bank’s (AfDB) support for Ghana has boosted its government’s efforts to consolidate the economy, according to the country’s vice-president Mahamudu Bawumia

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As expenditure grows, Nigeria pushes up tax collection even as it borrows

Nigeria nairaThe Federal Inland Revenue Service (IFRS) intends raising Nigeria’s tax ratio of six per cent of gross domestic product (GDP) to 17 per cent by 2023, according to Muhammad Nami, executive chairman at IFRS

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