30 results
- 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…
- 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…
- 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…
- 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)…
- 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,…
- 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…
- 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…
- 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…
- 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…
- 17 Aug 2021
AfDB Debars Sargittarius Nigeria, Affiliates for 18 Months for Fraudulent Practices
The African Development Bank Group (AfDB) has announced the 18-month debarment of Sargittarius Nigeria Limited and its affiliates, including Sargittarius Henan Water Conservancy Engineering Limited,…
- 3 Apr 2020
AfDB Celebrates Milestone with First Social Bond Listing on London Stock Exchange
The African Development Bank’s “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange on Friday 3 April 2020, and is now…
- 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…
- 24 Sept 2025
Ould Tah, AfDB President Presses for Scaled-Up Financing and Stronger Partnerships to Realize Africa’s Development Goals @ UNGA80
Sidi Ould Tah, President, African Development Bank Group is attending the United Nations’ 80th General Assembly this week to push the continent’s development priorities and mobilise support for the…
- 8 May 2026
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria
The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for…
- 27 Jun 2019
AfDB Blacklists Oceanic Construction, Nigerian Firm for Fraudulent Practices
The African Development Bank Group (AfDB) has blacklisted another Nigerian firm, Abuja-based construction firm Oceanic Construction and Engineering Nigeria for a minimum period of 48 months for…
- 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…
- 16 Jul 2019
AfDB Blacklists Nigerian Firm, Its MD for Alleged Fraudulent Practice
African Development Bank (AfDB) Group has announced the debarment of Lutoyilex Construct Limited, a construction company registered in Nigeria and Mr. Bamidele Obiniyi (also known as Mr. Bamidele…
- 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…
- 21 Feb 2025
AfDB Partners Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa
The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police…
- 18 Sept 2025
AfDB Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing Across Africa
The Board of Directors of the African Development Bank Group has approved an equity investment of USD 25 million in The Currency Exchange Fund (TCX), a global leader in offering long-term local…
- 5 Dec 2024
EBRD, AfDB Group to Strengthen Collaboration in Support of SMEs in Africa
The European Bank for Reconstruction and Development (EBRD) and the African Development Bank Group are strengthening their strategic partnership to support small and medium-sized enterprises (SMEs)…
- 12 Jun 2025
AfDB to Provide $184.1mfor Africa’s Largest Solar Energy, Battery Storage Project
The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project…
- 30 May 2024
Mastercard, AfDB Partner to Accelerate Digital Transformation in Africa
Mastercard and the African Development Bank Group have launched the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa to extend digital access to critical services to 100 million…
- 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…
- 28 Apr 2021
AfDB Debars Maxicare Nigeria for 36 months for Collusive and Fraudulent Practices
The African Development Bank Group, has announced a 36 month debarment of Maxicare Company (Nigeria) Limited with effect from 23 February 2021. Maxicare Company (Nigeria) Limited is a limited…
- 8 Apr 2020
AfDB Group Unveils $10Bn Response Facility to Curb COVID-19
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest…
- 27 Mar 2020
AfDB Launches Record Breaking $3 billion “Fight COVID-19” Social Bond
The African Development Bank (AfDB) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and…
- 20 Aug 2020
AFDB Debars 4 Nigerian Companies over Fraud
African Development Bank (AFDB) group yesterday announced it has debarred four Nigerian firms over fraudulent and collusive practices. The bank made its decision to debar them for 24 months in a…
- 2 Jun 2023
AfDB Approves $20m Investment in Private Equity Fund
The Board of Directors of the African Development Bank Group (AfDB) has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I, in support of its target to…