The African Development Bank (AfDB) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private…
The African Development Bank Group is pleased to announce the appointment of Mr. Gauthier Boulard as Director and Special Advisor in the Office of the President, effective 1 January 2021. In his new role, Gauthier…
By Our Reporter …The bond issue is part of a suite of interventions the Bank has rolled out to strengthen African countries’ responses to the health and economic impacts of the COVID-19 pandemic. The African…
By Frankie Ifop The African Development Bank (AfDB) has said it is giving three million dollars ($3,000,000) loan to one hundred and fifty thousand (150,000) smallholder farmers in Togo. According to the Bank, the funds…
By Haruna Gideon The President of African Development Bank (AfDB), Akinwumi Adesina, will be stepping down as the Bank has agreed to probe him for the second time. The probe, PARADISE NEWS learnt is followed…
By Dike Nnaemeka Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra, IPOB, has written a letter to the International Monetary Fund (IMF), World Bank and Africa Development Bank (AfDB), to stop lending money…
By Our Reporters The debarment renders China Zhonghao Nigeria Limited and its affiliates ineligible to participate in Bank-financed projects during the debarment period The African Development Bank Group on 14 April 2020, announced the debarment…
By Akinwumi A. Adesina …The African Development Bank estimates that Covid-19 could cost Africa a GDP loss between $22.1 billion and $88.3 billion in the worst case scenario These are very difficult days, as the world…
By Our Reporters … Landmark transaction, largest Social bond transaction to date in capital markets The African Development Bank (AfDB) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic…
By Our Reporters …The Bank has already taken several other steps to counter an escalation of the virus, including a 14-day self-quarantine for employees returning from high-risk countries The African Development Bank on Wednesday announced…
By Our Reporters …The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal energy access by 2030 The African Development Bank and the…
By Our Reporters Dr Hala El Said, Egypt’s Minister of Planning and Economic Development, gave the award on 5 February in a ceremony organized under auspices of the Egyptian Prime Minister The Director of Macroeconomic…