30 results
- 22 Jun 2020
S&P Global Affirms African Development Bank’s AAA Rating, with Stable Outlook
Ratings agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively…
- 14 Aug 2015
Fitch Affirms African Development Bank at 'AAA'
Fitch Ratings has affirmed the African Development Bank (AfDB)'s Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'. A full list of…
- 2 Sept 2015
African Development Bank Expands its African Bond Index
The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/ AFMISM Bloomberg® African Bond Index (ABABI) in February 2015. Calculated by Bloomberg…
- 14 Jul 2017
AfDB Inaugurates N1Bn Support for SMEs Development Through Fortis bank
The African Development Bank (AfDB) has inaugurated N1 billion loan through Fortis Microfinance Bank Plc to help boost Small and Medium Enterprises (SMEs) development in the country. Mr Ilan Wolkov,…
- 20 Jan 2021
AfDB, European Investment Bank Sign Joint Partnership Action Plan to Fast-track Development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities…
- 2 Feb 2021
S&P Global Affirms African Development Bank’s AAA rating with Stable Outlook
Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency said its outlook reflected…
- 23 Aug 2020
Nigeria Doubles African Development Bank Voting Rights
Nigeria has almost doubled its voting rights in the African Development Bank to 16.8% before the lender’s annual meetings next week, as one of its own seeks re-election at the helm of the lender…
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 9 May 2013
Nigeria Owes The World Bank, AfDB $5.3Bn
Nigeria is owing the World Bank Group and African Development Bank (AfDB) has reached $5.34billion, accounting for 80.19 per cent of the country’s total $6.67 billion external debt. The country’s…
- 23 Nov 2016
World Bank, AfDB Launch Website for Aid Transparency Data
The African Development Bank (AfDB) took a step toward increased transparency with the release of AfDB data on AidFlows (www.aidflows.org), a website that visualizes global development aid. The new…
- 16 Jun 2024
AfDB Appoints Dr. Eric Kehinde Ogunleye as Director of African Development Institute
African Development Bank has appointed Dr. Eric Kehinde Ogunleye, a seasoned macroeconomist, as Director of the African Development Institute, effective June 1, 2024. Ogunleye, a Nigerian national,…
- 26 Jul 2026
AfDB, Nigeria Urge African Control of Mineral Resources
Nigeria and the African Development Bank (AfDB), on Sunday, called for stronger African ownership of the continent’s vast mineral resources and advocated greater data sovereignty, regional…
- 16 Dec 2018
AfDB Board Approves Bank’s Borrowing Program for 2019
The Board of the African Development Bank has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion to be raised from the capital markets. The African Development Bank…
- 27 Jun 2022
AfDB Board Approves Establishment of African Pharmaceutical Technology Foundation
The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance…
- 26 Jun 2013
AfDB Supports Development of ECOWAS Common Migration Policy
The African Development Bank (AfDB) has said that any migration policy that will be meaningful to the lives of West Africans needs to have a West African outlook. The bank spoke at a brainstorming…
- 12 Sept 2025
African Leaders, AfDB Push for Governance Reforms, Regional Integration for Africa’s Transformation
African leaders, experts, the African Development Bank and development partners have called for urgent reforms to strengthen governance, deepen regional integration, and drive inclusive growth across…
- 22 Nov 2020
AfDB Seeks Faster Industrialization of African Economies
The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies. At the forefront of promoting smart…
- 22 Oct 2018
AfDB Launches Landmark $500M Credit Insurance Deal with ATIA, UK Reinsurers
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s…
- 9 Feb 2023
AfDB to Assist African Countries Improve their Data Management, Dissemination
African Development Bank (AfDB), says it will assist African countries to improve their data management and dissemination through the provision of Open Data Platforms. According to AfDB, it will…
- 29 Aug 2019
AfDB Spends $2Bn to Train African Scientists
African Development Bank (AfDB) has said it has committed $2 billion to the education and training of six million science students in Africa from 2005 to date. A statement by the bank’s Communication…
- 25 Nov 2015
AfDB, LAPO Microfinance Bank Sign Loan Agreement
The African Development Bank Group (AfDB) and LAPO Microfinance Bank Ltd. signed a loan agreement for Nigerian Naira 2.364 billion (approximately US $12 million) to support inclusive growth in…
- 18 Sept 2018
AfDB, MCB Group Launch African Domestic Bond Fund
The African Development Bank and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF). It is the first multijurisdictional fixed income Exchange Traded Fund (ETF)…
- 23 Feb 2009
Intercontinental Bank Gets $100M Credit Line from AFDB
African Development Bank Group (AFDB) has approved the sum of $100million Line of Credit (LoC) to Intercontinental Bank Plc to finance small and medium sized enterprises (SMEs). The Company for…
- 4 Feb 2026
FG Partners World Bank, AfDB on Climate Action
The Federal Ministry of Livestock Development has announced its commitment to collaborate with the World Bank Group and the African Development Bank (AfDB) to address climate change challenges…
- 24 Apr 2018
Multilateral Development Banks Present Study on Technology’s Impact on Jobs
Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could…
- 9 Nov 2013
Kaberuka, AfDB President Named 2013 African of the Year
Donald Kaberuka, president , African Development Bank Group (AfDB) has been named 2013 African of the Year in recognition of his role in spearheading the Africa50 Fund to mobilize the financing of…
- 1 Feb 2016
FG Asks World Bank, AfDB for $3.5Bn Emergency Loan
The federal government has asked the World Bank and African Development Bank (AfDB) for $3.5 billion in emergency loans to fill a growing gap in its budget in the latest sign of the economic damage…
- 19 Sept 2012
Donors Welcome the African Development Fund-12 Implementation
The mid-term review of the African Development Fund (ADF-12) implementation was concluded in Praia, Cape Verde recently with donors and stakeholders encouraging the African Development Bank (AfDB) to…
- 23 Jun 2019
Ekiti, AfDB to Partner for Infrastructural Development
The African Development Bank (AfDB) has expressed its readiness to provide technical and financial support for Ekiti State Government to upgrade its infrastructure, including fixing the Ado…
- 24 Feb 2025
AfDB, Standard Bank Unite to Support SMMEs and Boost Trade
The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade…