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African leaders approve establishment of $20 billion stability fund

African leaders have approved the establishment of a $20 billion continental financial stability fund. The decision taken by the African Union summit in the Ethiopian...

AfDB, Africa Energy Forum launch ‘African Utility of the Future’ competition

The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams...

Nigeria’s Adesina re-elected as President of the AfDB

Dr. Akinwumi A. Adesina has been re-elected to serve a second fiveyear term as President of the African Development Bank Group on Thursday, August...

AfDB: Adesina cleared again of corruption by independent panel

An independent panel probing the boss of the African Development Bank (AfDB) Akinwumi Adesina has cleared him of any corruption charges. Adesina who is seeking...

AfDB: Adesina’s troubles not over yet as he faces fresh probe

The African Development Bank (AfDB) has initiated a review of an internal investigation that took place against its president Akinwumi Adesina who is seeking...

AfDB wars: Targeting an African man or an African bank?

Dr Akinwumi Adesina was probably more known for working with rural agricultural communities than scandal. Now, as President of the African Development Bank (AfDB),...

AfDB chief accused of multiple violations, but denies charges

The head of the African Development Bank, Akinwumi Adesina, has been accused by bank staff of multiple abuses and breaches of the bank's code...

Africa’s debt stock now stands at $500 billion

Africa’s total debt stock, both external and domestic currently stands at $500 billion. The African Development Bank (AfDB) revealed this during Thursday’s public presentation of...

ECOWAS endorses Adesina for second term as AfDB President

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at...

Nigeria secures $210 mln loan from AfDB for power project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to...

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