AfDB

Akinwumi Adesina accused of appointing relatives to strategic positions at AFDB

PRESIDENT of the African Development Bank (AFDB) Akinwumi Adesina has been accused by a group of anonymous whistleblowers of...

AFDB debars Chinese company for fraudulent practices

THE African Development Bank Group (AFDB) has debarred China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria,...
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Africa urgently needs $100b to avert further Coronavirus pandemic —African Ministers of Finance

AFRICAN Ministers of Finance have said that Africa urgently needs $100 billion to fight the further negative impact of...

Sub-Saharan Africa countries accumulating debts with drop in oil price

COUNTRIES around the Sub-Saharan region, including Nigeria are accumulating debts because of the drop in oil price, a report...
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AFDB, other development banks contributing to debt burdens in developing economies

DAVID Malpass, World Bank President said the culture of provision of quick loans to heavily indebted economies was worsening...

Despite Africa’s growth at 3.4% in 2019, AfDB boss says ‘No one eats GDP’

THE 2020 African Economic Outlook (AEO) report says economic growth has been stabilized at 3.4 per cent, indicating an...
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