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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...

President of the African Development Bank pledges to work with every shareholder

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Dr. Akinwumi A. Adesina, President of the African Development Bank, says he will continue to work with every shareholder to ensure that the Bank...
Afdb African Development Bank X

African Natural Resources Centre unveils publication to advance land reforms

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In response to challenges across Africa on land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching...

2020 Ibrahim Leadership Fellows announced

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The Mo Ibrahim Foundation has announced the selection of the 2020 intake of Ibrahim Leadership Fellows, who make up the programme’s ninth cohort. The incoming...
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...
Afdb African Development Bank X

COVID-19: African Development Institute to hold macro-economic policy response seminar

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The African Development Institute (ADI) will on Wednesday host a virtual seminar on macro-economic policy response for Africa in the wake of COVID-19. The seminar,...
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

COVID-19: African Development Bank unveils $10 billion Response Facility

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The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility...
Afdb African Development Bank X

COVID-19: African Development Bank raises $3billion Bond to support Africa economies

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The African Development Bank has raised $3 billion in a three-year bond to help alleviate the economic and social impact of the Covid-19 pandemic...
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. ...
Akinwumi Adesina

African Union Executive Council endorses AfDB President for second term

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The Executive Council of the African Union has supported Dr. Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank. The...