COVID-19: AfDB’s postpones annual forum to 2021

The Board of Directors of the African Development Bank (AfDB) Group and the Africa Investment Forum (AIF) founding partners have approved the postponement of the 2020 AIF to 2021.According to a statement from the AfDB on Wednesday, the postponement is due to the ongoing COVID-19 pandemic.The annual three-day investment marketplace was initially scheduled for November[...]

Read More

AfDB president, others task Nigerians in Diaspora on national development

Dr Akinwumi Adesina, President of the African Development Bank (AfDB) and some notable Nigerians have urged their compatriots in the Diaspora to key into government efforts for national development.Some of the notable Nigerians include Mr Innocent Chukwuma, CEO of Innoson Group, and Nigeria’s High Commissioner to Canada, Amb. Adeyinka Asekun.They called on Nigerians in Diaspora[...]

Read More

COVID-19: AfDB approves $27.33m for AU’s response initiative

The African Development Bank (AfDB) has approved 27.33 million dollars in grants to boost the African Union’s efforts to mobilise a continental response to curb the COVID-19 pandemic.According to a statement from the AfDB, the approval is made by the organisation’s Board of Directors on Wednesday.The approval followed a meeting of the extended Bureau of[...]

Read More

Adesina: Nigeria doubles voting rights ahead of AfDB election

Nigeria has boosted its voting powers ahead of the African Development Bank election.The election is expected to hold during the virtual annual meeting scheduled between August 25 and August 27.According to a report by Bloomberg, Nigeria has almost doubled its voting rights in the AfDB to 16.8 per cent.By doubling its right, Nigeria reaffirms its[...]

Read More

Probe: Ex-Liberian president Sirleaf ‘rejoices’ over Adesina’s exoneration

Encomiums keep pouring in for Nigerian-born President of the African Development Bank, Akinwumi Adesina, on his vindication by an independent panel which investigated corruption allegations levelled against him.Continental and regional blocs including the African Union and the Economic Community of West African States as well as notable leaders around the world have since congratulated the[...]

Read More

AfDB: Investigative panel declares Adesina innocent of all charges

An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Bank of Development (AfDB) of corruption, according to a report obtained by AFP. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB[...]

Read More

COVID-19: 49m Africans at risk of extreme poverty — AfDB

The African Development Bank, AfDB, has said an additional 49 million Africans are at risk of extreme poverty due to the COVID-19 pandemic and its aftermath, with West and Central Africa to be the worst hit. This was contained in AfDB’s comprehensive socio-economic assessment of the COVID-19 pandemic’s impact released on Tuesday in Abidjan, Côte[...]

Read More

Ireland’s ex-president, Mary Robinson, to lead probe into AfDB Chief

Ireland’s former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whistleblowers of corruption, the bank said. Akinwumi Adesina, 60, a charismatic speaker known for his elegant suits and bow ties, became the first Nigerian to helm the AfDB in 2015 — but a 15-page[...]

Read More

AfDB: I wrote African leaders to support Adesina – Buhari

The President, Major General Muhammadu Buhari (retd.), has said he wrote African leaders to garner support for the embattled President of the African Development Bank, Akinwumi Adesina.Buhari said he wrote the leaders in 2015 as a President-elect to support Adesina’s first term bid and stressed that he is doing the same for his reelection as[...]

Read More

Ecowas endorses Adesina for Second term as AfDB President

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of Akinwumi Adesina, the president of African Development Bank (AfDB), for a second term. The decision was announced in a communique signed by Jean-Claude Kassi, the commission’s president, at the end of the 56th ordinary session of the Authority of Heads of State[...]

Read More

Agriculture in Africa is about to receive a 25billion AfDB Contribution

The African Development Bank (AfDB), says it is currently investing 25 billion dollars to help make agriculture and agribusiness Africa’s biggest industry. The statement by the bank’s Communication and External Relations Department on Thursday, said the AfDB’s president, Dr. Akinwumi Adesina made the disclosure at the ongoing Tokyo International Conference of African Development (TICAD) in[...]

Read More

AfDB supports northeast recovery funds with $258m grant

Vice President Yemi Osinbajo yesterday unveiled $258 million donation by the African Development Bank (AfDB) to support recovery efforts in the northeast. The fund, in collaboration with Presidential Committee on the North East Initiative is titled: “Inclusive Basic Service Delivery and Livelihood Empowerment Integrated Project (IBSIP). Osinbajo said: “It has been gratifying to note how[...]

Read More

Egypt to host Africa 2018 Forum

The organisers of the Africa 2018 Forum have announced that nine heads of state have confirmed their participation as well as some of Africa’s leading industrialists. They had over 4,000 requests for registration with nearly 2,000 expected delegates that would attend the forum holding from December 8 to December 9 in Sharm El Sheikh, Egypt.[...]

Read More