Tag: African Development Bank
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...
President of the African Development Bank pledges to work with every shareholder
Dr. Akinwumi A. Adesina, President of the African Development Bank, says he will continue to work with every shareholder to ensure that the Bank...
African Natural Resources Centre unveils publication to advance land reforms
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
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...
Africans must work together to deal with COVID-19 challenges
African political leaders, entrepreneurs and civil society organizations have been asked to pull together to beat the flu-like coronavirus.
Participants...
Ireland’s membership of AfDB, AfDF marks enhanced partnership with Africa
The Irish government said on Tuesday that its membership of African Development Bank (AfDB) and African Development Fund (AfDF) marks its enhanced partnership with...
COVID-19: African Development Institute to hold macro-economic policy response seminar
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,...
AfDB announces US$10 billion financing package to boost Africa’s fight against COVID-19
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...
COVID-19: African Development Bank unveils $10 billion Response Facility
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...
COVID-19: African Development Bank raises $3billion Bond to support Africa economies
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 announces bold measures to deal with coronavirus
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 approves US$122 million framework to clear Somalia arrears
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.
...
African Union Executive Council endorses AfDB President for second term
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...