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…
The African Development Bank Group (AfDB), a multilateral development finance institution, has approved an $80 million loan to finance the Ekiti Knowledge Zone project in Nigeria. “The Ekiti Knowledge Zone Project design responds to the requirements of technology firms and…
The African Development Bank (AfDB), on Sunday urged Africa governments to own and ensure the sustainability of their macroeconomic policy models. The Division Manager of the Macroeconomic Policy, Sustainability, and Forecasting Division of the research department of AfDB, Anthony Simpasa,…
