The African Development Bank (AfDB) and the Coalition for Dialogue on Africa (CoDA) have officially launched a three-year support project to improve regional coherent and coordinated response to illicit financial flows. According to a press release, the project, known as the African Financial Integrity and Accountability Support Project (AFIAP), will help African stakeholders actively engaged […]
The African Development Bank (AfDB) has successfully launched an Australia Dollar (AUD) 50 million 15-year Kangaroo Green Bond due March 2038. According to a press release, the new issuance was arranged by RBC Capital Markets and sold to a single Japanese investor, Taiju Life Insurance Company. The statement said that this is the AfDB’s sophomore […]
Africa’s drive to transform its agriculture and become a food basket continues to receive strong global support, with development partners agreeing to commit more than $50 billion to the plan, barely two months after its launch. Development partners have agreed to commit more than $50 billion to Africa’s drive to transform its agricultural sector and […]
To help Africa’s Small and Medium-sized Enterprises (SMEs) in the agricultural sector, the African Development Bank Group and the Canadian Government recently established the Agri-food SME Catalytic Financing Mechanism. This new agricultural development was made known by the organisations at a press briefing during the Dakar 2 Africa Food Summit. The “Agri-food SME Catalytic Financing […]
President Muhammadu Buhari has welcomed the provision of $538.05 million by the African Development Bank, the Islamic Development Bank and the International Fund for Agricultural Development (IFAD) for the first phase of the Special Agro-Industrial Processing Zones (SAPZ) for Nigeria programme. Buhari made the disclosure yesterday in his goodwill message to the Feed Africa Summit […]
The African Development Bank Group (AfDB) and the African Union Commission (AUC) have concluded a technical session on how to conduct an upcoming joint study on driving development in Africa. According to a press release, the goal of the study, titled, “Key Actions to Drive Inclusive Growth and Sustainable Development in Africa”, is to identify […]
The President of African Development Bank (AfDB), Dr. Akinwunmi Adesina, yesterday called on African countries to improve access to quality education by adequately funding the sector to reduce youth unemployment in the continent. Adesina also warned that the high unemployment rate in Africa if not checked could worsen the social and political fragility of the […]
Africa’s economic growth will stabilise at 4% over the next two years, and inflation will slow as the continent rebounds from a pandemic-induced slump and external shocks including the Ukraine war, according to the African Development Bank (AfDB). While Africa avoided some of the worst health impacts of COVID-19, many countries were hit hard by […]
The African Development Bank (AfDB) President, Akinwumi Adesina, has highlighted the importance of Africans in the diaspora to the continent’s economic growth. Adesina, who spoke at the Global Community of Practice (G-COP) policy dialogue hosted by the bank in Abidjan, said: “The value of remittances from the African diaspora doubled from $37 billion in 2010 […]
The total portfolio of African Development Bank (AfDB) in Nigeria netted $4.5 billion in 53 operations. The figure is made up of 30 sovereign operations with networthof $2.7billionrepresenting 60 per cent total commitments. In addition, the bank has 22 non-sovereign operations valued at $1.8 billion. In terms of mapping the bank’s high five strategic priorities […]