Thursday, November 21, 2024
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AFDB

AfDB: Adesina’s troubles not over yet as he faces fresh probe

The African Development Bank (AfDB) has initiated a review of an internal investigation that took place against its president Akinwumi Adesina who is seeking...

AfDB wars: Targeting an African man or an African bank?

Dr Akinwumi Adesina was probably more known for working with rural agricultural communities than scandal. Now, as President of the African Development Bank (AfDB),...

AfDB chief accused of multiple violations, but denies charges

The head of the African Development Bank, Akinwumi Adesina, has been accused by bank staff of multiple abuses and breaches of the bank's code...

Africa’s debt stock now stands at $500 billion

Africa’s total debt stock, both external and domestic currently stands at $500 billion. The African Development Bank (AfDB) revealed this during Thursday’s public presentation of...

ECOWAS endorses Adesina for second term as AfDB President

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at...

Nigeria secures $210 mln loan from AfDB for power project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to...

AfDB bans Nigerian construction firm for fraud

The African Development Bank Group has banned construction firm ALG Global Concept Nigeria Limited for the next 36 months. The bank says it's investigations revealed...

AfDB to borrow $7 billion for investment in Africa

The African Development Bank has revealed its intention to borrow some $7.21 billion from various capital markets this year. The board of the finance institution...

AfDB to host summit on seed policy in Kenya

Delegates from 21 countries across the African Continent have gathered in Nairobi Kenya for a forum on seed Policy. The two day conference started on...

AfDB approves $18 million for solar project in Kenya

Kenya has secured $18.17 million facility from the African Development Bank for its renewable energy sector. The approval of the facility by the African Development...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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