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 […]
African Development Bank
Ramaphosa Seeks Bold Financial Reforms and Fairer Global Economy at G20 Summit
South African President Cyril Ramaphosa has expressed optimism that the upcoming G20 Leaders’ Summit in Johannesburg will deliver tangible reforms to the global financial system […]
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 […]
Japan Proposes Indian Ocean–Africa Economic Zone to Boost Trade and Development
On Wednesday, August 20, 2025, Japanese Prime Minister Shigeru Ishiba has unveiled plans for an economic zone linking the Indian Ocean to Africa, signalling Tokyo’s […]
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 […]
Nigeria Eyes Aviation Growth Through Strategic Public-Private Partnerships
The Federal Government of Nigeria has reiterated its commitment to driving economic growth through robust Public-Private Partnership (PPP) reforms in the aviation and aerospace sectors. […]
Mauritanian Sidi Ould Tah Wins African Development Bank Presidency
Mauritanian candidate Sidi Ould Tah secured the African Development Bank presidency Thursday, defeating Zambian rival Samuel Munzele Maimbo in the third round of voting to […]
Congo’s Former Prime Minister Sentenced to Hard Labor on a Corruption Charge
A former DRC Prime minister was found guilty of corruption and given a ten-year sentence of forced labor. The Congolese Constitutional Court found Augustin Matata […]
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 […]
Nigeria Secures $200 Million Deal to Power Rural Areas with Renewable Energy
Nigeria has signed on March 10 a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids […]