A New Touch of Africa

AfDB

AfDB wins award for COVID-19 bond issue

The African Development Bank (AfDB) was selected in a poll of bond market players as the best issuer in the year of a COVID-19 bond for its $3 billion dollar-denominated Fight COVID-19 social bond issued on March 27.The winners of the GlobalCapital Bond Awards were announced last month at a virtual ceremony held for the …

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AfDB, AEF Launch “African Utility of the Future” Competition

The African Development Bank (AfDB) and EnergyNet, organisers of the Africa Energy Forum (AEF), have created the ‘African Utility of Future’ competition enabling teams to compete for a USD $5,000 prize. The Power, Energy, Climate and Green Growth Complex (PEVP) of AfDB will participate at AEF2020, mainstreaming the concept of: “The African Utility of the …

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AfDB: Adesina sworn in for second term as president

President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has been sworn-in for the second term in office. Punchng reported that the ceremony was broadcast online on Tuesday. Also, the event was attended by Heads of States, Governors and other stakeholders who joined physically and virtually. The Chairperson of the AfDB board of Governors and …

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Breaking: Akinwumi Adesina re-elected AfDB President

Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB) on Thursday. With this election, he will spend another five years managing and supervising the affairs of the bank, Vanguard reported. The election took place electronically on Thursday at the virtual annual general meeting of the bank. Recall, Adesina on Wednesday …

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Adesina emerges sole candidate, set to retain AfDB presidency at Wed’s AGM

Incumbent President of the African Development Bank, Dr Akinwumi Adesina, will this Wednesday be running as the sole candidate for president of the AfDB, for a new five-year term at the bank’s next annual general meeting. The bank’s annual meetings would be held virtually, for the first time to comply with the COVID-19 pandemic-related social …

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AfDB: President Buhari elated as review panel clears Adesina of all allegations

President Muhammadu Buhari of Nigeria has sent a congratulatory message to the  President of African Development Bank (AfDB), Akinwumi Adesina  after an Independent Review Panel  completely exonerated him of any ethical wrongdoings.  The Nigerian President commended Adesina’s transparency stating that he is destined to take the bank to a new level. There were various reports how the Independent Review …

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African Development Bank approves 5b rand loan to South Africa

The African Development Bank (AfDB) has approved a roughly 5 billion rand ($300 million) loan to the South African government to help it fight the COVID-19 pandemic and support its budget, the bank said yesterday. Africa’s most industrialised economy was in recession even before COVID-19 started ravaging its economy. Forecasts are now for gross domestic …

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African Development Bank VP Resigns

The African Development Bank has revealed that it’s vice president foragriculture, human and social development, Jennifer Blanke, will stepdown from her present position by next month.Business News Report has it that Blanke will be resigning to join herfamily in Switzerland, as opposed to the media speculations which saythat she is resigning in response to the …

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US rejects AfDB’s findings, insist on fresh probe of Adesina

The United States has demanded a fresh probe of the president of African Development Bank, Akinwumi Adesina, over allegations leveled against him. Bloomberg reports that Adesina was accused by a group of unidentified whistleblowers of handing contracts to acquaintances and appointing relatives to strategic positions at the Abidjan-based lender. However, Le Monde, a French newspaper, reported that …

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Nigeria seeks $3.5bn from IMF, AfDB to support implementation of 2020 budget

The Federal Government says it has applied for $3.5 billion request from International Monetary Fund (IMF) and African Development Bank (AfDB) to access concessional funding to support the implementation of the 2020 Budget. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this during a news conference on fiscal stimulus measures in …

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