AfDB Approves Additional Debt Relief to Bolster Somalia’s Economic Recovery
The African Development Bank Group (AfDB) has granted nearly 18 million US dollars in additional debt relief to Somalia, according to an announcement made on […]
AfDB
New AfDB President Sidi Ould Tah Calls for Paradigm Shift to Tackle Africa’s Challenges
Mauritanian economist Sidi Ould Tah officially assumed office on 1 September 2025 as the ninth president of the African Development Bank (AfDB), pledging to build […]
AfDB Commits $500m to Propel Ethiopia’s $10bn Mega-Airport Project
The African Development Bank (AfDB) has pledged a $500 million loan towards Ethiopia’s new $10 billion international airport in Bishoftu, southeast of Addis Ababa. The […]
AfDB approves $139 million loan for Johannesburg Modernization
The African Development Bank approved a landmark $139 million loan to Johannesburg Tuesday, marking the institution’s first direct lending to a municipal entity as South […]
AfDB wins top infrastructure award for Africa’s largest wind power project in Egypt
The African Development Bank (AfDB) has won the prestigious “Infrastructure Deal of the Year” award at the 2025 African Banker Awards for its leading role […]
Power Dynamics Shape African Development Bank Presidential Race
The African Development Bank’s presidential election on May 29 promises intense competition as five candidates vie for control of the continent’s premier financial institution, with […]
African Development Bank Achieves Historic Capital Growth Under Adesina’s Leadership
The African Development Bank (AfDB) has accomplished an unprecedented capital increase over the past decade, growing from $93 billion in 2015 to $318 billion today, […]
AfDB Flags Global Trade Turbulence as Key Risk to Africa’s Economic Momentum
The African Development Bank (AfDB) has sounded the alarm on the rising geopolitical and trade tensions impacting the continent’s economic trajectory, as it trimmed its […]
AfDB President Hails Morocco’s Progress under Leadership of King Mohammed VI
The outgoing president of the African Development Bank (AfDB), Akinwumi Adesina, praised on Monday Morocco’s strides under the leadership of King Mohammed VI. “Thanks to […]
Ethiopia to Build New $7.8 Billion Airport Near Addis Ababa
Ethiopia is set to construct a new international airport near its capital, Addis Ababa, with an estimated cost of $7.8 billion. The airport will be […]