The African Development Bank Group and the Debt Management Office have revealed that they are seeking to tackle Nigeria and the African continent’s debt challenges through the formation of a debt managers network. Debt sustainability has reached critical levels in…
The President, African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has been conferred with the prestigious Obafemi Awolowo Prize for Leadership. The Executive Director, Obafemi Awolowo Foundation, Amb. Tokunbo Awolowo-Dosumu, said this in a statement in Abuja. The News Agency …
The Public Finance Management Academy for Africa (PFMA), an initiative of the African Development Bank (AfDB), has graduated 51 participants in the first cohort of the capacity building for finance and debt management across the continent. The beneficiaries, drawn from…
The African Development Bank (AfDB) has approved a $175m funding to United Bank for Africa (UBA) Plc to boost trade financing and women-led businesses. This was announced at the weekend by the Pan African development institution having been approved by…
Africans must stand together to mobilise and efficiently manage the resources required to enhance productivity and create wealth in Africa for Africans. The African Development Bank’s (AfDB), Vice-President and Chief Economist, Kevin Urama, said this in Abuja. Urama spoke at…
By Sodiq Adelakun In a proactive move to combat illicit financial flows and corruption in Africa, the African Development Bank (AfDB) has initiated a training program for relevant stakeholders. The Public Financial Management Executive Training Education of the Public Financial…
The African Development Bank (AfDB) Group, has signed a declaration with the coalition of development finance institutions to promote green bond markets in Africa. AfDB’s Group Vice President and Chief Financial Officer, Ms Hassatou N’Sele, said this in a statement…
The African Development Bank (AfDB), has signed an additional $20 million Trade Finance Facility with FSDH to support Small and Medium Enterprises (SMEs) in Nigeria. Director-General, Nigeria Country Department, AfDB, Mr Lamin Barrow, said this during the signing ceremony, on…
By Sodiq Adelakun The African Development Bank (AfDB) has predicted slower economic growth amongst countries that are dependent on oil revenue. In its economic outlook for Africa, the AfDB noted that African economies largely dependent on tourism and oil sales…
The African Development Bank (AfDB) has reviewed downward its short- to medium-term macroeconomic forecast for Africa for 2023 and 2024. The bank which said this In a statement, said it reviewed the forecast to 3.4 and 3.8 per cent from…
