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Corruption: AfDB blacklists 40 Nigerian firms, individuals in four years

  About 40 Nigerian firms and individuals have been blacklisted by the African Development Bank (AfDB) for engaging in corrupt practices, fraud and collusive practices...

AfDB to incorporate AfCFTA in its country, regional integration strategies –...

  The African Development Bank (AfDB) has said it would incorporate the African Continental Free Trade Area Agreement (AfCFTA) into its country and regional integration...

AfDB to design, implement bonds to tackle insecurity

  As a move towards tackling the growing insecurity in the continent, the African Development Bank (AfDB) says it is ready to assist Nigeria and...

AfDB to invest $1 million on revamping Africa’s old hydropower stations

  The sum of one million dollars has been approved by the African Development Bank’s Sustainable Energy Fund for Africa (SEFA) for the revamping of...

AfDB unveils $2.75bn Global Benchmark bond

 The African Development Bank (AfDB) has launched and priced a $2.75 billion 5-year Global Benchmark bond due 22 July 2026, making it the second...

AfDB’s cumulative raised fund totals $274m since 2011

  A cumulative total capital of 274 million US dollars was raised by the African Development Bank (AfDB) since 2011. The Vice President Power, Energy, Climate...

Diversity will ensure Nigeria’s economic prosperity — AfDB President

President of the African Development Bank, Akinwunmi Adesina, said Nigeria needs to diversity to achieve greatness and economic development. Delivering a keynote address at the...

AfDB shareholders pledge support in Africa’s fight against COVID-19

  The fight against COVID-19 is set to get a boost as the African Development Bank (AfDB) Group’s shareholders have shown strong support for the...

AfDB unveils $600 million Kangaroo Social Bond

  A $600 million (US$463.9 million) 5.5 year Kangaroo bond has been launched by the African Development Bank (AfDB), marking its return to the Australian...

Africa’s pharmaeutical industry to get AfDB’s $3bn

  Africa's pharmaceutical industry is set to get a boost as the African Development Bank (AfDB) has said it will invest $3bn over the next...

Covid: WHO declares new strain ‘Omicron’ variant of concern

The World Health Organisation today assigned the Greek letter Omicron to a newly identified Covid variant in South Africa. The U.N. health agency recognized the...
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