Press Release ABUJA, Nigeria, July 12, 2020/ — Growth in West Africa, poised to expand by 4.0 percent in 2020, now projected to contract by -2.0 percent in 2020; Demand for science, technology, engineering and mathematics increasing, though school enrolment, retention rates poor. West Africa’s burgeoning youth population offers a strategic workforce which can be harnessed Read more
African countries, with the experience of having fought off Ebola, are working to adapt to this new threat and looking to the Bank for an effective, multilateral response to the crisis. Press Release The African Development Bank (AfDB) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s Read more
ABIDJAN, Ivory Coast, June 10, 2020/ — The African Development Bank (AfDB) has announced that Dr. Jennifer Blanke, Vice President for Agriculture, Human and Social Development, will be leaving the Bank effective July 4, 2020. Blanke joined the Bank in early 2017 and has overseen a number of the Bank’s key programs. “I thank President Read more
AFRICA ABIDJAN, Ivory Coast, June 8, 2020/ — The African Development Bank (AfDB) has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures. The Feed Africa Response to COVID-19 (FAREC) paves the Read more
The African Development Bank (AfDB) has finally succumbed to the demand of the U.S. government as it agreed to a private probe of its president, Akinwumi Adesina, even after an internal review found no evidence of misconduct. The decision of the AfDB comes as the outcome of a meeting by its Bureau of Board of Read more
The Board of Directors of the African Development Bank (AfDB) on Friday approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan will bolster the government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact on workers and businesses and Read more
The Board of Directors of the African Development Bank (AfDB) on Friday approved a loan of 88 million euros to Senegal, hit hard by the novel coronavirus pandemic, in support of the costs of its national COVID-19 Economic and Social Resilience Program. The financing, which falls under the Bank’s COVID-19 Rapid Response Facility, will provide the Read more
The former emir of Kano, Alhaji Muhammadu Sanusi II, has urged Africans and friends of the continent to stand up to ensure that laid-down rules are respected in the African Development Bank (AfDB) Group, The Cable NG reports. Sanusi, also a former governor of the Central Bank of Nigeria (CBN), stated this following calls by Read more
Nigerian former President Olusegun Obasanjo has alleged the United States of plotting to hijack the African Development Bank (AfDB). This is made known in his reaction to the call by the US Treasury Secretary, Steven Mnuchin, for a new probe of the AfDB’s president, Akinwumi Adesina. Obasanjo said this in a letter he addressed to Read more
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Update The board of the African Development Bank (AfDB) has succumbed to the US government’s demand for an independent investigation of Akinwumi Adesina, its president. This is coming after the US treasury secretary, Steven Mnuchin, rejected the investigation and report of the bank’s ethics board which exonerated Adesina of allegations of favouritism. Bloomberg reports that Read more
