African Development Bank

Africa strains under heavy debt load as AfDB president, Adesina laments $824bn debt, opaque resource loans

Business a.m. Africa's immense economic potential is shackled by the shadows of non-transparent resource-backed loans, entangling debt resolutions and casting…

AfDB appoints Yacine Fal as new special representative for the Africa Investment Forum

Joy Agwunobi  Akinwumi Adesina, president of the African Development Bank (AfDB) Group, has appointed Yacine Fal as his special representative…

AFC,AfDB collaborate to drive $350m for African infrastructure

Onome Amuge Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, announced that it has signed a…

Global turbulence clouds AfDB’s outlook on Africa 

  Revises economic forecast to 3.4% in 2023 Onome Amuge   The African Development Bank (AfDB) has revised its short-…

AfDB, FSDH ink $20m deal to spur SME growth in Nigeria

The African Development Bank (AfDB) has signed a new $20 million trade finance facility with FSDH, a leading Nigerian non-bank…

AfDB’s outlook for Africa clouded by global turbulence

... Revises economic forecast to 3.4% in 2023 Onome Amuge The African Development Bank (AfDB) has revised its short- to…