African deposit and investment funds have endorsed the African Development Bank Group initiative aimed at reforming the continent’s financial architecture and reducing dependence on external financing. The endorsement was made during a session of the African Forum of Deposit Funds held on the sidelines of the 2026 AfDB Annual Meetings in Brazzaville. The session examined…
The African Development Bank (AfDB) has called for stronger investment-led growth strategies to help African economies withstand rising global uncertainty and geopolitical tensions. The recommendation is contained in the 2026 African Economic Outlook presented at the AfDB Annual Meetings in Brazzaville on Tuesday. Prof. Kevin Urama, Chief Economists/Vice President for Economic Governance and Knowledge Management,…
The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings. Tah made the call at the official opening of the 2026 AfDB Annual Meetings in Brazzaville, Democratic Republic of Congo on Tuesday. While outlining Africa’s financing challenges and development…
The African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA) have agreed to inaugurate the sixth phase of the Enhanced Private Sector Assistance (EPSA6) initiative. The AfDB, in a statement on its website, said both organisations signed a Memorandum of Understanding (MoU) during the ongoing Ninth Tokyo International Conference on African Development (TICAD9)…
The African Development Bank (AFDB) says it has committed 1.2 million dollars grant to support the feasibility study of the Nigeria Battery Energy Storage System (BESS). The grant is under AfDB’s under Energy Transition Catalyst Programme Dr Abdul Kamra, Director-General, Nigeria Country Department, (AFDB) made this known at the Inaugural Workshop of the BESS Feasibility…
The Federal Government says it has secured a loan facility of 134 million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made this known at the unveiling of the 2024/2025 National Dry Season Farming in…
The UN Secretary-General, Antonio Guterres says the vision and programmes of Dr Akinwunmi Adesina, outgoing President of the Africa Development Bank (AfDB), has improved countless lives across Africa. Guterres said this at the ongoing Annual Meetings 2025 of the Bank in Abidjan. The News Agency of Nigeria (NAN) reports that a key highlight of the…
Dr Akinwunmi Adesina, President of the AfDB, has commended President Bola Tinubu for approving 500 million dollars replenishment of the Nigeria Trust Fund (NTF) for another 15 years. Adesina gave the commendation at tbe opening of the Africa Development Bank (AfDB) Annual Meetings on Tuesday in Abidjan. “To President Bola Tinubu for your support over…
Dr Akinwumi Adesina, outgoing President of the African Development Bank (AfDB) says hundreds of million lives were directly impacted during his 10-year stewardship of the regional development bank. Adesina disclosed this on Monday during a Media Welcome Breakfast that marked the beginning of the 2025 Annual Meetings of the Bank in Abidjan, Côte d’Ivoire. Specifically,…
No fewer than 6,000 delegates have converged on Abidjan for the African Development Bank (AfDB) Group’s 2025 Annual Meetings. The News Agency of Nigeria (NAN) reports that a key highlight of the meetings will be the election of a new AfDB President to succeed Dr Akinwumi Adesina, whose second five-year term ends on August 31….
