News
20 April 2018

EIB and AfDB back new Development Bank of Nigeria

Region:
Middle East & Africa

The European Investment Bank and the African Development Bank (AfDB) have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The EIB has finalized a $20 million equity stake in the new lender, alongside $50 million equity participation from the African Development Bank.

You might also like


Interview
07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on...

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD)...

Perspective
17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as...