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To tackle poverty, Africa needs welfarist policies and people-centred development, says AfDB President Adesina

Governments should not transfer their responsibility to citizens; African and global leaders fete Adesina as he receives the Obafemi Awolowo Leadership Prize for his...

Africa dominates list of the world’s 20 fastest-growing economies in 2024—AfDB says in macroeconomic report

The latest report is calling for cautious optimism given the challenges posed by global and regional risks. These risks include rising geopolitical tensions, increased regional...

Trade-COP28: Africa could lose $25 billion per year as new EU carbon tax comes into effect, AfDB’s Adesina warns

With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will be forced to export raw commodities...

AfDB, IDB, others’ $1bn donor funds to boost agric sector, create 5,000 jobs

Yesterday brought a glimmer of hope for the Special Agro-Industrial Processing Zones (SAPZ) project, as the funds for its implementation have increased to $1.52...

AfDB, partners to invest additional $1bn in Nigeria

The African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development hinted on Thursday that they have voted $1 billion to...

VP Shettima arrives in US ahead of AfDB World Food prize

Vice President Kashim Shettima has arrived in the United States of America to participate in the African Development Bank (AfDB) World Food Prize-facilitated Norman Borlaug, International...

AfDB launches country-by-country reports on Africa’s climate change, green growth financing needs ahead of COP28

The new Country Focus Reports (CFRs) provide analysis and policy recommendations to strengthen countries' active participation at COP 28 ABIDJAN, Ivory Coast, October 2, 2023/...

AfDB, Google collaborate on digital transformation in Africa

The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure, and refine talent and skills in the continent NEW YORK, United...

AfDB to make US$11 million equity investment in BluePeak Private Capital Fund

By investing in BluePeak, the African Development Bank will support an indigenous fund manager with a strong knowledge of African markets to invest in...

AfDB 2023 Annual Meetings: Dearth of climate finance flows “choking” Africa, says Adesina

Adesina calls out developed nations for not honoring $100 billion-a-year pledge A lack of adequate financing for tackling climate change in Africa has become dire...
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