30 results
- 17 Jun 2020
Nasdaq Admits African Development Bank to Sustainable Bond Network
Nasdaq yesterday announced the inclusion of the African Development Bank, one of the world’s largest issuers of social bonds, in the Nasdaq Sustainable Bond Network (NSBN). The NSBN is a global and…
- 1 Nov 2019
African Development Bank Celebrates Historic Capital Increase
The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of…
- 12 Jun 2018
African Development Bank launches 1st Electricity Regulatory Index
The African Development Bank will on 20 June 2018 launch its flagship Electricity Regulatory Index (ERI) – a special report that measures the level of development of the regulatory frameworks in…
- 10 Jun 2024
African Development Bank, Intel to Train Millions in AI
The African Development Bank and technology firm Intel have partnered to reshape Africa's digital ecosystem, with the goal of training 3 million Africans and 30,000 government officials in artificial…
- 19 Jan 2018
Nigeria Offers to Host African Development Bank’s Regional Hub
Counting on its position as the largest shareholder of the Bank since inception, the Government of Nigeria has made a formal request to the African Development Bank to host its regional office in…
- 24 May 2018
African Development Bank Delivers Strong Operational Results
The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets according to the 2018 Annual Development Effectiveness…
- 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…
- 29 Feb 2016
Urama Joins African Development Bank
Professor Kevin Urama, who was appointed in 2013 to head the Research Lab of Swiss based investor advisor Quantum Global, has left his post to join the African Development Bank as a Senior Policy…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 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…
- 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…
- 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,…
- 6 Oct 2014
FG urges EU to Invest in Development Bank
Federal Government has urged the European Union to invest in the proposed Wholesale Development Bank through the union’s development financing outfit, the European Development Bank. A statement from…
- 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…
- 12 Oct 2009
Ecobank Bags African Bank of the Year Awards
Ecobank has been named the African bank of the Year at the African Banker of the Year Awards organised by African Banker Magazine to recognize the continent’s successes in banking. Bankers from…
- 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…
- 25 Jul 2016
Oduoza, UBA Boss Calls For Closer Collaboration Among African Central Banks
Mr Philips Oduoza, outgoing group managing director, United Bank for Africa (UBA) Plc, pan-African banking group, has called for increased collaboration among African central banks in order to drive…
- 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…
- 22 Aug 2025
AfDB, AfCFTA Unite to Unlock $3.4 Trillion Continental Market Through Strategic Infrastructure Development
The African Development Bank Group, the African Continental Free Trade Area (AfCFTA) Secretariat, and Africa50 have signed a Memorandum of Understanding to catalyse infrastructure development across…
- 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…
- 16 May 2024
World Bank Blacklists 58 Nigerian Firms, Individuals over Corruption
World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and…
- 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)…
- 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…