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African Development Bank

Ramaphosa Seeks Bold Financial Reforms and Fairer Global Economy at G20 Summit

November 7, 2025 Steven Addamah 0

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

September 3, 2025 Geraldine Boechat 0

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

August 20, 2025 Steven Addamah 0

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

August 13, 2025 Steven Addamah 0

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

July 17, 2025 Steven Addamah 0

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

May 30, 2025 Pawla Nibramich 0

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

May 21, 2025 Steven Addamah 0

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

March 17, 2025 Steven Addamah 0

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

March 11, 2025 Geraldine Boechat 0

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 […]

African Development Bank’s New Refinancing Facility Set to Support Struggling Nations

January 30, 2025 Steven Addamah 0

The African Development Bank (AfDB) is poised to launch a regional refinancing facility aimed at assisting African nations burdened with maturing international bonds, according to […]

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