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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...
AfDB

AfDB debars Nigerian firm for fraudulent practices

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The African Development Bank (AfDB) announced Wednesday it has debarred a Nigerian firm and its affiliates for 36 months with effect from February 23,...
Gaborone-Botswana-Africa-keyimage

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...
African growth

Africa’s recovery pathways offers enormous opportunities

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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...
A health worker at a local health centre in Kinshasa, Democratic Republic of the Congo, prepares a vaccine injection. (Courtesy UNICEF/Sibylle Desjardins)

Biden Must Lead All-Out Effort to Vaccinate Africa From COVID-19

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Dr. John Nkengasong, director of the Africa Centers for Disease Control (CDC), Dr. Nicaise Ndembi, senior science advisor for the Africa CDC, and Dr....
African growth

Africa’s growth prospects bullish despite pandemic constraints

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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

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...
Afdb Agm

Ghana to host 2021 AfDB AGM

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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

Kofi Asmah appointed as African Union DAF Economic Counsellor

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The African Union Diaspora African Forum (DAF) has appointed Attorney Kofi Asmah as its new Economic Counsellor with effect from 3rd September 2020. This...
AfDB

African Development Bank calls for prudent management of public funds in South Sudan

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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...
Akinwumi Adesina

Dr Adesina President of the African Development Bank sworn in for second term

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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...
African Union

AU says COVID-19 exacerbates Africa’s already dire revenue situation

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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 Conference

Afrolynk 2020 Conference Goes Virtual

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For the first time in its five-year history, the Afrolynk 2020 Conference will be taking place virtually this year – opening the event up...
AfDB

African Development Bank renews commitment to economic resilience in Africa

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The 55th Annual Meetings of the African Development Bank opened in Abidjan on Wednesday with renewed commitment to economic resilience in Africa. ...
Afdb African Development Bank X

African Development Bank 2020 Annual meetings: Building Africa back better after the COVID-19 pandemic

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For the first time in the history of the African Development Bank, its Annual Meetings will be held virtually to comply with the...
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...
Photo taken shows the stone monument in front of the headquarters building of the Asian Infrastructure Investment Bank (AIIB) in downtown Beijing, capital of China. The establishment of the bank is believed to replenish the current international financial order and create new energy for global governance in the 21st century. With more countries applied to join the bank, it has expanded its membership to 77. (Photo by Xinhua News Agency)

AIIB’s membership in Africa grows

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The Asian Infrastructure Investment Bank (AIIB) now has 10 members and nine prospective members from Africa after its board of governors approved an application...
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...
Yoofi Grant

Use of different currencies across Africa, barrier to trade -Grant

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Mr Yoofi Grant, the Chief Executive Officer of Ghana Investment Promotion Centre, says the use of different currencies across Africa for trade is a...
AfDB

African Development Bank ranks 4th on global index of transparency

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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...
tax

African countries efficiently tackling tax evasion and money laundering

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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

Ultra-modern Business Advisory Centre inaugurated at West Gonja

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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...
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...
The African Development Bank

African Development Bank joins Nasdaq Sustainable Bond Network

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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

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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 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...