Press Release

AfDB: In West Africa, harnessing youth workforce could speed economic recovery post-COVID-19 era

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
Africa Press Release

AfDB COVID-19 response: moving from commitment to action

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


Vice-President Jennifer Blanke bids farewell to African Development Bank

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 News

AfDB unveils strategy roadmap to safeguard food security against impacts of COVID-19

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
National News

AfDB approves $288.5m for Nigeria COVID-19 Response Program

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
Africa Featured

AfDB approves 88 million euros emergency budget support for COVID-19 response

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

US Govt seeks probe of AfDB President Adesina in treasury request letter [FULL TEXT] -
Featured News

AfDB succumbs to US demand, set for independent probe of Adesina

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