FIVE candidates are in the running to become the next president of the African Development Bank (AfDB), with voting set to take place Thursday during the lender’s annual meetings in Abidjan, Cote d’Ivoire. As reported by Reuters, the election comes at a critical moment for…
THE African Development Bank (www.AfDB.org) has approved a $304 million loan to Botswana to support the southern African country in managing mounting fiscal challenges and implementing key governance and economic reforms. The funding, approved by the Bank Group’s Board…
THE African Development Bank (AfDB) says it has approved $100 million for the establishment of the Nigerian Youth Entrepreneurship Investment Bank. Dr Akinwumi Adesina, President and Chairman, Board of Directors, AfDB, said this in Abuja on Friday, when he delivered…
AFRICAN leaders have approved the creation of a $20bn financial stability fund aimed at preventing debt crises before they take hold, according to the African Development Bank (AfDB). The African Financial Stability Mechanism (AFSM) will serve as a financial safeguard for economies…
President Bola Ahmed Tinubu will depart Abuja on Sunday for Dar es Salaam, Tanzania, to participate in the Africa Heads of State Energy Summit on January 27-28, 2025. Naija News reports that this was disclosed in a statement on Saturday by…
THE African Development Bank (AfDB) group is to launch the Debt Management Forum for Africa (DeMFA). DeMFA is a new platform aimed at promoting high-level dialogue on debt productivity and sustainability across the continent. A statement by the bank…
SENEGAL has officially launched the candidacy of Amadou Hott for the presidency of the African Development Bank (AfDB) Group. The announcement, made by the Ministry of African Integration and Foreign Affairs, underscores Senegal’s commitment to pan-African progress and development. A legacy of…
THE African Development Fund has approved a concessional loan worth $80.93 million to Senegal and Guinea for the construction of a new 240.71-kilometre interstate highway aimed at enhancing trade and integration in West Africa. The project, financed through the African…
THE Director-General, Nigerian Country Department of the African Development Bank (AfDB), Dr Abdul Kamara, has emphasised the need to boost agriculture production and value addition to transform the Nigerian economy. Kamara, in a statement said this at the Groundbreaking…
THE African Development Bank Group (AfDB) has invested $55bn over the past decade to strengthen regional connectivity across Africa, underscoring its commitment to continental integration and economic growth. Dr. Joy Kategekwa, Director of Regional Integration at the AfDB, shared this…
