The Vice President, Pan African Chamber of Commerce and Industry, Prince Adetokunbo Kayode, has said the American Treasury Department is mistaken about its call for a fresh probe of the President of the African Development Bank, Dr. Akinwumi Adesina, calling for engagement with Washington on the issue. The chamber leader in a virtual chat on ...

President Muhammadu Buhari has given his backing to the President of the African Development Bank (AfDB), Akinwumi Adesina, in his re-election bid despite allegations of improper conduct. Buhari assured Dr. Akinwumi Adesina of Nigeria’s support in his bid to seek a second term in office. The President gave the assurance on Tuesday through his Special ...

Ambassador Harold Doley, the United States (U.S) first ever Representative to the African Development Bank (AfDB), has urged President Donald Trump’s administration to support the bank’s President, Dr Akinwumi Adesina. Doley gave the advice in an open letter addressed to the U.S Secretary of the Treasury which was in Abuja on Sunday. Ambassador Doley was ...

No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr Akinwumi Adesina, lauding him for taken the bank to amiable heights. In a statement signed by the ex presidents, including Nigeria’s Olusegun Obasanjo and Goodluck Jonathan, the former leaders described AfDB as the “pride of the ...

Dr Akinwumi Adesina, the President of African Development Bank (AfDB) has underscored the need for Africa to also do more to stop illicit capital flows. The bank’s Communications and External Relations Department in a statement said Adesina stated this at the inauguration of the first report on the implementation of Agenda 2063 ahead of the ...

    African Development Bank President Akinwumi Adesina reminded students of the important role they have to play in the continent’s economic development, as he was conferred with an honorary doctorate in his homeland. The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday, in honor of Adesina’s ...

The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and External Relations Department on Sunday. It said that the bank’s President Mr Akinwumi Adesina disclosed this at the ECOWAS Summit ...

    Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, has announced that the African Development Bank Group,  AfDB, Africa’s highest investment-grade rated (AAA with stable outlook) multinational finance institution, has invested $50 million in the equity of AFC. The Bank Group’s investment in AFC will enable both institutions to accelerate infrastructure ...

Africa has seen great improvements in visa openness as Africans can travel to more countries visa-free, according to the 2019 Africa Visa Openness Index released on Monday. For the first time, Africans on average can travel to approximately 27 countries visa-free or with a visa on arrival, said the report compiled by the African Union ...

AfDB President Akinwumi Adesina   The African Development Bank’s board approved a 125 per cent capital increase to $208 billion on Thursday, the largest in the lender’s history, AfDB President Akinwumi Adesina said. The decision caps two years of negotiations to give the Abidjan-based bank greater scope to meet the continent’s funding needs. The last ...