African Development Bank

COVID-19 crisis is pushing us to refocus priorities, says Bank Vice President Quaynor in Global Infrastructure Forum event on infrastructure project preparation

“Never waste a crisis, advised VP Quaynor. “One of the potential positive impacts of this crisis is it’s pushing all of us to really focus priorities. And also make sure that we build quality infrastructure that maximizes the positive impacts to the economy and we also build it to withstand natural disasters, pandemics and epidemics going forward.”

The bow tie is back – Adesina keeps the helm of the African Development Bank.

Adesina, the former agriculture minister of Nigeria, has been a passionate proponent of economic development since he took the job five years ago and has been seen by many on the continent as a breath of fresh air in often musty world of development finance. He grew up, the son of a farmer, near Ibadan 128 km north east of Lagos in Oyo State.

“Africa has lost a decade of growth” – Akinwumi Adesina on COVID-19

A speech by Akinwumi Adesina as he stood for a second term as President of the African...

OPINION: Regional Integration as a Tool for Wealth Creation in Africa

So, what is to be done? Simply put, there is a need to focus on fundamentals: producing more of what Africa consumes, and consuming more of what Africa produces. This does not mean cutting Africa off from the outside world.

African Development Bank approves 5 bln rand loan to South Africa

JOHANNESBURG (Reuters) - The African Development Bank (AfDB) has approved a roughly 5 billion rand ($300 million) loan to the South African...

South Africa has not committed to fund SAA rescue plan, finance minister says

In a document sent to trade unions over the weekend giving the rationale for the planned job cuts, the administrators said SAA had made a net loss of 5.5 billion rand in the year to end-March, with further losses incurred since.

COMMENT: A New Deal on Energy for Africa

The strategy was grounded in the recognition that partnerships are central to its success. In collaboration with African countries, the Bank’s interventions have ranged from setting up the right enabling policy environment, supporting utilities, to increasing the number of bankable energy projects.

S&P gives AfDB AAA Rating.

“The stable outlook reflects our expectation that, over the next two years, AfDB will prudently manage its capital while maintaining solid levels of high-quality liquidity assets and robust funding,” S&P Global said in a statement.

African Development Bank board stands by embattled President Adesina

The African Development Bank’s (AfDB) board on Thursday said it stood by an internal investigation that had cleared its president of improper conduct, but it would carry out an independent review of the report in the interest of due process.

Nigeria’s president backs embattled African Development Bank chief

ABUJA (Reuters) - Nigerian President Muhammadu Buhari on Tuesday gave his backing to the head of the African Development Bank (AfDB), Akinwumi...

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