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AfDB and SEC sign deal to enhance risk-based supervision for capital market

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The African Development Bank Group and the Securities and Exchange Commission (SEC) have signed a $400,000 grant agreement to develop a risk-based supervisory solution...
AfDB

AfDB commends Uganda on external debt management

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The African Development Bank (AfDB) has hailed Uganda for being one of the few countries in Africa that have managed its external debt...
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Botswana in talks with World Bank, AfDB for possible funding

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Botswana is in talks with the World Bank and the African Development Bank (AfDB) for possible funding of its economic recovery strategy. Wilfred Madlebe, the...
Akinwumi Adesina

Akinwumi Adesina calls for global vaccine solidarity for Africa

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Akinwumi Adesina, president of the African Development Bank (AfDB), has called for the COVID-19 vaccine justice for Africa. In a statement sent...
AfDB

AfDB named the World’s Best Multilateral Financial Institution 2021 by Global Finance

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The African Development Bank has been named as the “Best Multilateral Financial Institution in the world for 2021,” by Global Finance, the...
AfDB

AfDB offers grants to improve women’s access to digital finance

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The African Development Bank (AfDB) has approved two grants of 1.3 million U.S. dollars for research aimed to increase African women's access to a...
dollars

AfDB supports Ghana’s COVID-19 response with US$69 million grant

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The African Development Fund (ADF) approved on Friday, a 69 million U.S. dollars financing support for Ghana's response to the outbreak of the new...
AfDB

Fitch Affirms Triple A Rating of the African Development Bank

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Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’, with stable outlook. According...
AfDB

Africa’s growth stands to rebound to 3 percent in 2021-AfDB

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Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African Development...
Afdb

African Development Bank gets S&P Global’s AAA rating, with stable outlook

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Rating agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook The...

Let’s invest in Africa’s future and prepare its workforce – AfDB President

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African Development Bank (AfDB) Group President Dr Akinwumi Adesina says collective action involving governments, households, international donors and the private sector will be required...
Afdb

AfDB approves US$288.5 million to support Nigeria’s COVID-19 response

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The African Development Bank (AfDB) on Saturday said it has approved 288.5 million U.S. dollar loan to help Nigeria tackle the COVID-19 pandemic and...
AfDB

AfDB mobilizes €264 million to support Morocco

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The Board of Directors of the African Development Bank (AfDB) approved Wednesday in Abidjan, financing of €264 million (more than 172 billion CFA francs)...
Afdb

AfDB loans Morocco US$290 million for COVID-19 response

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The African Development Bank (AfDB) said on Wednesday it has approved a loan of 264 million euros (290 million U.S. dollars) to help Morocco...
Covid

Africans must work together to deal with COVID-19 challenges

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African political leaders, entrepreneurs and civil society organizations have been asked to pull together to beat the flu-like coronavirus. Participants...
AfDB

Ireland’s membership of AfDB, AfDF marks enhanced partnership with Africa

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The Irish government said on Tuesday that its membership of African Development Bank (AfDB) and African Development Fund (AfDF) marks its enhanced partnership with...
Akinwumi Adesina

AfDB announces US$10 billion financing package to boost Africa’s fight against COVID-19

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Regional multilateral lender the African Development Bank (AfDB) Group announced on Wednesday the creation of a 10 billion U.S.dollars facility to aid Africa's...
Afdb

AfDB secures US$3 billion in bonds for Africa’s COVID-19 response

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The continental lending institution Africa Development Bank (AfDB) said it had secured a total of 3.0 billion U.S. dollars through a three-year bond to...
AfDB

AfDB announces bold measures to deal with coronavirus

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The African Development Bank has announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a...
Afdb

AfDB approves US$122 million framework to clear Somalia arrears

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The African Development Bank (AfDB) and the African Development Fund on Wednesday approved a framework for 122.55 million U.S. dollars to clear Somalia's arrears. ...
AfDB

AfDB blueprint on addressing human capital gap lauded at AU event

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Speakers at a side event of the 33rd African Union (AU) summit in Ethiopia's capital Addis Ababa have lauded the latest report of the...
President of African Development Bank Akinwumi Adesina (R) shakes hands with Bank of Industry of Nigeria Chief Executive Officer Olukayode Pitan during the launch of the Global Gender Summit in Kigali, capital of Rwanda, Nov. 25, 2019. The AfDB launched an initiative officially on Monday to bridge the 42-billion-U.S.-dollar financing gap facing women entrepreneurs in Africa. (Xinhua/Cyril Ndegeya)

58.5 million children in Africa suffering from stunting – Akinwumi Adesina

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Around 58.5 million children in Africa are suffering from stunting, creating an adverse impact on the continent's economic potential, the Africa Development Bank (AfDB)...

Finance Ministry, AfDB sign loan agreement for Eastern Corridor roads

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The Ministry of Finance, on Wednesday, signed a loan agreement of $81.67 million with the African Development Bank (AfDB) to roll out...
AfDB

AfDB sponsored Off-Grid Energy Access Fund reaches final equity close

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The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital...
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AfDB urges Zimbabwe to continue with economic reforms

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The African Development Bank (AfDB) on Thursday urged Zimbabwe to continue implementing reforms to ensure macro-economic stability in the country. "We urge...
Regus Offers Ghana Workers Free Flexible Workspace to Lessen the Environmental Impact of Long Commutes

Why African investors need to venture into the fast-growing flexible workspace industry

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Francis Kariuki, recently a former Head of Operations at a flexible workspace (also known as a coworking space) in Kenya sits across from me...
Africa-China

Africa benefits from Chinese engagement in replicating China’s socioeconomic successes

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Ethiopia and fellow African countries have benefited a lot from Chinese engagement amid their crucial need to replicate China's success across socioeconomic development arenas,...
AfDB

AfDB approves US$455 million loan to Tanzania for new airport in capital city

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The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a new airport and ring...
Afdb African Development Bank X

AfDB approves US$455 million loan to Tanzania for new airport in capital city

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The African Development Bank (AfDB) has approved a 455 million U.S. dollars loan to Tanzania for the construction of a new airport and ring...

Investing in Portuguese-Speaking Africa: The moment is now

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Economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area - are making...