March 07, 2023
Africa: World Bank President Nominee, Ajay Banga, Pledges to Partner With African Development Bank for Transformative Results
United States' nominee for World Bank Group President, Ajay Banga began his global tour on Monday, with his first stop in Abidjan, Cote d'Ivoire, where he met the African… Read more »
March 09, 2023
Africa: African Development Bank Debars Ogon-Asu Company Limited and Mr. William Tuku Ogon for 15 Months for Fraudulent and Obstructive Practices
The African Development Bank Group, on 9 March 2023, announces a 15-month debarment of Ogon-Asu Company Ltd. and its Chief Executive Officer, Mr. William Tuku Ogon, with effect… Read more »
February 10, 2023
Egypt: African Development Bank Appoints Abdourahmane Diaw As Country Manager for Egypt
The African Development Bank has appointed Abdourahmane Diaw as Country Manager for its Egypt Country Office, effective 1st November 2022. Read more »
Africa: African Development Bank Group Appoints Ahmed Rashad Attout As Acting Director of the Financial Sector Development Department
The African Development Bank has appointed Ahmed Rashad Attout as Acting Director, Financial Sector Development Department, effective 1st December 2022. Read more »
November 15, 2022
Africa: 'Natural Gas Is Not an Ideological Issue, It's a Pragmatic One,' Says AfDB's Adesina
The president of the African Development Bank shares his views on investment opportunities, financial management and the growing threat of climate insecurity. Read more »
October 27, 2022
Africa: African Development Bank Launches USD 2 Billion 5-Year 4.375 Percent Global Benchmark Due 3 November 2027
On Wednesday 26 October 2022, the African Development Bank, rated Aaa/AAA/AAA/AAA (Moody's / S&P / Fitch / Japan Credit Rating, all stable), launched and priced a new USD 2… Read more »
October 26, 2022
Africa: Q&A - Mobihealth CEO Funmi Adewara On What the Ustda Grant Means for the Company and Its Strategic Plans
The $67 million Mobihealth Telemedicine Project is an innovative digital health transaction involving the establishment of a fully integrated telemedicine proprietary platform. It… Read more »
October 14, 2022
Africa: African Development Bank Group Approves $50 Million Trade Finance Risk Participation Partnership With Natixis
The Board of Directors of the African Development Bank Group has approved a $50 million Risk Participation Agreement (RPA) for Natixis, a French Bank. The agreement will enable… Read more »
October 10, 2022
Africa: The African Development Bank Is Pleased to Announce the Appointment of Ms. Hassatou Diop N'sele As Vice-President for Finance & Chief Financial Officer, Effective 16th October 2022
Ms. Hassatou Diop N'Sele, a Senegalese national, is a seasoned professional with over 30 years of banking and finance experience. She joined the Bank in 1999 as Senior Treasury… Read more »
October 06, 2022
Africa: African Development Bank President Akinwumi Adesina Awarded Man of the Year (Africa) in 2022 By Exclusive Men of the Year Awards
African Development Bank President Dr. Akinwumi Adesina has been named 2022 Man of the Year (Africa) by Exclusive Men of the Year (EMY), for his visionary leadership as the… Read more »
September 29, 2022
Namibia: Namibia - African Development Bank Board Approves $134.9 Million Loan for Post-Covid-19 Economic Recovery Support Program Phase II
The Board of Directors of the African Development Bank has approved a loan of 2.3 billion South African rands ($134.9 million) in co-financing for the second phase of Namibia's… Read more »
September 16, 2022
Africa: Senegal - African Development Fund Replenishment Meeting - Delegates Visit Rice Fields and Interact With Beneficiaries of Projects Financed By the Fund
On Thursday, 15 September 2022, the farmers of the Baboulaye Valley in western Senegal welcomed special visitors. Delegates from the African Development Fund (ADF), the African… Read more »
Africa: External Consultation On the African Development Bank Group New Ten-Year Srategy 2023-2032
The African Development Bank is pleased to invite you to a virtual consultation workshop on its forthcoming new Ten-Year Strategy 2023-2032. Read more »
September 12, 2022
Africa: Meet the African Development Bank's New Executive Directors, Including Five Women
The African Development Bank has welcomed 12 new Executive Directors, including five women, for a three-year term. Read more »
September 09, 2022
Africa: African Development Bank Development Evaluation Week 2022
This edition of the biennial knowledge conference will explore ideas on how governments and development partners can use evaluation evidence to inform decisions aimed at building a… Read more »
September 05, 2022
Africa: African Development Bank and Portugal Sign Eur 400 Million Guarantee Agreement to Underpin Lusophone Compact
The African Development Bank and the Portuguese government have signed a guarantee agreement to be extended to the African Development Bank under the Lusophone Compact. The Compact… Read more »
August 28, 2022
Africa: Japan and the African Development Bank announce up to $5 billion in support for Africa's private sector
- The government of Japan and the African Development Bank have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for… Read more »
August 23, 2022
Nigeria: Nigeria - African Development Bank President Named Among Winners of 2021 Global Brand Award
African Development Bank Group President Dr. Akinwumi Adesina has been awarded Nigeria Global Brand Award of the Year 2021 by Blueprint Newspapers, a national daily print and… Read more »
August 18, 2022
Africa: Survey Announcement - Formulation of the African Development Bank Group's New Ten-Year Strategy
The African Development Bank Group has launched preparations for a new Ten-Year Strategy (TYS 2023-2032), which will supersede its current TYS (2013-2022). The next TYS is expected… Read more »
August 09, 2022
Africa: African Development Bank Appoints Dr. Alex Mubiru As Director General, Cabinet Office
The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group's President, with effect from 16 August 2022. Read more »
August 02, 2022
Africa: African Development Bank Group Appoints Marie-Laure Akin-Olugbade As Acting Vice President for Regional Development, Integration and Service Delivery
The African Development Bank has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business… Read more »
July 22, 2022
Africa: African Development Bank Approves Risk Participation Agreement With Crédit Agricole Cib to Stimulate Intra-African Trade
The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. Read more »
July 18, 2022
Africa: Fitch Ratings Affirms African Development Bank At 'Aaa' - Outlook Stable
On July 13, the global credit rating agency Fitch Ratings affirmed the African Development Bank's long-term credit rating: AAA with a Stable Outlook. This is a very strong… Read more »
July 13, 2022
Africa: African Development Bank Group Approves Euro 50 Million Trade Finance Risk Participation Partnership With Societe Generale to Support Local Banks and SMEs in Africa
The Board of Directors of the African Development Bank Group on Wednesday 13 July approved a €50 million unfunded risk-sharing facility partnership with Societe Generale to… Read more »
June 30, 2022
Africa: African Development Bank Appoints Acting Director of Human Resources
The African Development Bank Group has appointed Mr. Ifechukwude Emmanuel Ezinwa as Acting Director of the Human Resources Operations, Recruitment and Client Services Department,… Read more »