The African Development Bank (AfDB) has approved $27.4 million in grants to boost the African Union’s (AU) efforts to mobilize continental response to curb the COVID-19 pandemic. The approval comes on the heels of...
The African Development Bank (AfDB) has approved a concessional loan of $97.675 million to Rwanda to strengthen its national budget as it works to mitigate impacts of the COVID-19 pandemic. The funding will take...
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 to the agency, “the ‘AAA’ rating of the 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 Bank, released on Tuesday. In a comprehensive socio-economic assessment of...
For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution. The...
According to several informed sources in and outside of Africa’s premier development institution, this was and always has been an insidious attempt by the United States to remove Akinwumi Adesina, a Nigerian, as President...
The embattled president of the African Development Bank (AfDB) Akinwumi Adesina has issued a press statement this week dismissing allegations of corruption and favouritism leveled against him by the US. The US holds the...
The President of the African Development Bank (AfDB), Akinwumi Adesina, has dismissed the 16 allegations against him as unsubstantiated in a detailed response (dated April 8, 2020) addressing the allegations against him as published...
Japan and the African Development Bank has announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD...
