AfDB’s Richard Malinga, Desk Manager, Kenol—Sagana—Marua Highway Project addressing newsmen in Kenya.

By Lucy Ogalue The African Development Bank (AfDB) says its 209.17 Euros Kenol—Sagana—Marua Highway Project in Kenya will be completed in December. Mr Richard Malinga, AfDB’s Transport Engineer and Desk Manager of the project said this when he briefed newsmen in Nairobi on Sunday shortly after inspecting various projects. “TheContinue Reading

President of African Development Bank (AfDB), Dr Akinwumi Adesina

By Lucy Ogalue The African Development Bank (AfDB) and InterAmerican Development Bank (IDB) have welcomed International Monetary Fund’s (IMF) Executive Board’s approval of the use of Special Drawing Rights (SDRs) for Hybrid Capital Instruments. The AfDB in a statement, said the IMF approval allowed countries to channel SDRs through multilateralContinue Reading

By Grace Alegba The First Bank of Nigeria Ltd, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades. The News Agency of Nigeria (NAN) reports that start-up kits distributed included: grinding machines, plumbing kits, deepContinue Reading

  By Grace Alegba Wema Bank on Thursday marked a joint celebration of its 79th anniversary and seventh year of its fully digital bank, ALAT. Its Managing Director/Chief Executive Officer, Mr Moruf Oseni, disclosed this in a statement in Lagos. Oseni said the significant celebration commemorated nearly eight decades ofContinue Reading