Tag: African Development Bank
AfDB commends Uganda on external debt management
The African Development Bank (AfDB) has hailed Uganda for being one of the few countries in Africa that have managed its external debt...
AfDB debars Nigerian firm for fraudulent practices
The African Development Bank (AfDB) announced Wednesday it has debarred a Nigerian firm and its affiliates for 36 months with effect from February 23,...
Botswana in talks with World Bank, AfDB for possible funding
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...
Africa’s recovery pathways offers enormous opportunities
Dr Akinwumi A. Adesina, President of the African Development Bank (AfDB), has reminded global audiences of the continent’s vast opportunities for green growth.
He sounded...
Biden Must Lead All-Out Effort to Vaccinate Africa From COVID-19
Dr. John Nkengasong, director of the Africa Centers for Disease Control (CDC), Dr. Nicaise Ndembi, senior science advisor for the Africa CDC, and Dr....
Africa’s growth prospects bullish despite pandemic constraints
Africa is expected to recover from its worst recession in half a century and reach 3.4 percent growth in 2021, the African Development Bank...
Akinwumi Adesina calls for global vaccine solidarity for Africa
Akinwumi Adesina, president of the African Development Bank (AfDB), has called for the COVID-19 vaccine justice for Africa.
In a statement sent...
AfDB named the World’s Best Multilateral Financial Institution 2021 by Global Finance
The African Development Bank has been named as the “Best Multilateral Financial Institution in the world for 2021,” by Global Finance, the...
AfDB offers grants to improve women’s access to digital finance
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...
Ghana to host 2021 AfDB AGM
The African Development Bank (AfDB) on Friday signed a Memorandum of Understanding with Ghana to host the 2021 AfDB Annual General Meeting (AGM) in...
Kofi Asmah appointed as African Union DAF Economic Counsellor
The African Union Diaspora African Forum (DAF) has appointed Attorney Kofi Asmah as its new Economic Counsellor with effect from 3rd September 2020.
This...
African Development Bank calls for prudent management of public funds in South Sudan
The African Development Bank (AfDB) on Tuesday said prudent management of non-oil revenues during the revitalized transitional period will spur the growth of the...
Dr Adesina President of the African Development Bank sworn in for second term
Dr. Akinwumi Adesina was formally sworn into office for a second term on Tuesday after a historic re-election last week.
The swearing-in ceremony, which took...
AU says COVID-19 exacerbates Africa’s already dire revenue situation
The African Union (AU) Commission on Friday said that the ongoing COVID-19 pandemic has exacerbated an already dire tax revenue situation across the...
Afrolynk 2020 Conference Goes Virtual
For the first time in its five-year history, the Afrolynk 2020 Conference will be taking place virtually this year – opening the event up...
African Development Bank renews commitment to economic resilience in Africa
The 55th Annual Meetings of the African Development Bank opened in Abidjan on Wednesday with renewed commitment to economic resilience in Africa.
...
African Development Bank 2020 Annual meetings: Building Africa back better after the COVID-19 pandemic
For the first time in the history of the African Development Bank, its Annual Meetings will be held virtually to comply with the...
AfDB supports Ghana’s COVID-19 response with US$69 million grant
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...
AIIB’s membership in Africa grows
The Asian Infrastructure Investment Bank (AIIB) now has 10 members and nine prospective members from Africa after its board of governors approved an application...
Fitch Affirms Triple A Rating of the African Development Bank
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...
Africa’s growth stands to rebound to 3 percent in 2021-AfDB
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...
Use of different currencies across Africa, barrier to trade -Grant
Mr Yoofi Grant, the Chief Executive Officer of Ghana Investment Promotion Centre, says the use of different currencies across Africa for trade is a...
African Development Bank ranks 4th on global index of transparency
Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index.
The Index is...
African countries efficiently tackling tax evasion and money laundering
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the...
Ultra-modern Business Advisory Centre inaugurated at West Gonja
An ultra-modern office complex for the Business Advisory Resource Centre designed to offer entrepreneurial skills training to the youth in the area to be...
African Development Bank gets S&P Global’s AAA rating, with stable outlook
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...
African Development Bank joins Nasdaq Sustainable Bond Network
Nasdaq on Wednesday announced the inclusion of the African Development Bank, one of the world’s largest issuers of social bonds, in the Nasdaq Sustainable...
Let’s invest in Africa’s future and prepare its workforce – AfDB President
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 approves US$288.5 million to support Nigeria’s COVID-19 response
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 loans Morocco US$290 million for COVID-19 response
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...