Citizens provide electricity, road, security, water, among others, for themselves. President of the African Development Bank (AfDB), Akinwumi Adesina, has frowned on the situation where basic infrastructures are not provided for Nigerians despite paying huge taxes. Nigerians do not have basic infrastructure despite paying taxes. The AfDB spoke on Thursday at the first national tax Read more
“If women can participate in the continent’s economic growth and transform their livelihoods, Africa’s economies will be transformed” Under the theme “Development Banks as Actors for Change towards Gender Equality,” the African Development Bank’s Director for Gender, Women and Civil Society, Vanessa Moungar, joined high-level representatives from global financial institutions, the Green Climate Fund (GCF) Read more
AFRICA The African Union Development Agency (AUDA-NEPAD) and the African Development Bank have released recommendations of a baseline study that looked into the development of a continental energy grid and market. The study, supported by the European Union, is the first step in an ambitious project to create an efficient, competitive energy sector that helps Read more
BUSINESS The 36th annual African Union for Housing Finance (AUHF) Virtual Conference & AGM | 02-06 November 2020) will connect hundreds of senior African and international investors, financiers and developers online under the theme, “Investing in the SDGs: Finding a market opportunity in affordable housing, says its organiser and host Kecia Rust, of the AUHF Secretariat and Read more
Participants at a webinar to present the African Development Bank’s (AfDB) African Economic Outlook Supplement to Asian audiences on Monday have endorsed the report as critical for post-COVID-19 Africa. The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of COVID–19 on Africa’s socio-economic landscape. It recommends policy Read more
ABIDJAN, Ivory Coast, September 9, 2020/ — The African Development Bank’s Board of Directors on Wednesday approved $27.33 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic. The approval follows a meeting of the extended Bureau of the Conference of Heads of State and Read more
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The President of African Development Bank (AfDB), Dr Akinwumi Adesina, has been re-elected to serve for a second term of five years. According to News Agency of Nigeria (NAN), the election took place electronically during the closing ceremony of the virtual Annual General Meeting (AGM) of the bank on Thursday. It was gathered that all Read more
Opinion By Khaled Sherif The COVID-19 pandemic and its health and economic impacts has forced a global rethink of the current multilateral framework and what it means for the future. For Africa, COVID-19 has served as a wake-up call in many ways. The mitigation measures that were put in place by most countries, globally, to Read more
Press Release The Bureau of the Board of Governors of the African Development Bank (AfDB) has responded to the report of the High-Level Panel appointed to further investigate the allegations of misconduct levelled against Bank President, Akinwumi Adesina. The Panel had in its report concurred with the bank’s Ethics Committee in its findings in respect of all allegations against Read more
News A much awaited report by an Independent Review Panel has completely exonerated the President of the African Development Bank, Akinwumi Adesina of any ethical wrongdoings. The Independent Review Panel was set up by the Bureau of Governors of the Bank, following a complaint by the United States, to review the process by which two Read more
