Abidjan, Côte d’Ivoire | THE INDEPENDENT | Sidi Ould Tah of Mauritania was today elected President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or Central Bank Governors …
Read More »African banking chief Adesina warns of economic shockwaves from US tariffs
Abidjan, Ivory Coast | THE INDEPENDENT | As the United States imposes higher tariffs with global ramifications, African Development Bank Group (AFDB) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. …
Read More »AfDB presidential hopefuls outline competing visions
Five candidates vying to lead the African Development Bank shared their visions at a public forum ahead of the May 29 election, outlining priorities from infrastructure, debt reform, food sovereignty and private sector investment ANALYSIS | AYENAT MERSIE | Five candidates vying to lead the African Development Bank made their pitches …
Read More »AFDB: Africans should stop crying over lost USAID aid
“Africa should improve governance in order to improve transparency, close illicit financial flows. Africa loses almost ninety billion dollars every year. That is far much more than we get from aid and Foreign Direct Investment (FDI) every year” Abidjan, Cote d’Ivoire | THE INDEPENDENT | African Development Bank Group Secretary General …
Read More »World Bank and AfDB pledge US$50bn to electrify Africa
Currently, close to 600 million Africans lack electricity, a critical resource for economic development ANALYSIS | RONALD MUSOKE | The World Bank and the African Development Bank (AfDB) have pledged US$50 billion to provide electricity access to nearly 300 million Africans over the next five years, through an initiative known as “Mission …
Read More »AfDB President Adesina receives ‘African of the Decade Award’
Kampala, Uganda | RONALD MUSOKE | Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), was recently honored with the “African of the Decade” award at the 2024 Africa Investment Forum in Rabat, Morocco. The prestigious award, presented by Rakesh Wahi, Chairman of the ABN Group, recognizes individuals who have …
Read More »Africa is richer than you think
African finance experts at COP29 want that wealth measured in new ways ANALYSIS | THE INDEPENDENT | Akinwumi Adesina, the president of the African Development Bank (AfDB) has stirred up new thinking around financing for the continent at the COP29 by insisting on a revaluation of its green wealth. Adesina on …
Read More »The Value of Morality in Project Management: A convincing argument
OPINION | Lydia Nabitosi Norah Tukashaba | Ethics matter to all organizations, their workers, and other stakeholders, but project managers who oversee complicated projects and communicate with a wide range of stakeholders need to pay even greater attention to ethics. For example, project managers must disclose their skills and abilities while bidding …
Read More »AfDB celebrates 60 years
The lender has supported more than 6,575 projects across Africa and invested US$77bn in numerous projects in the past 10 years ANALYSIS | RONALD MUSOKE | On Sept.10, the African Development Bank Group (AfDB), the continental premier finance institution, celebrated its 60th anniversary with its current President, Dr Akinwumi Adesina (PhD), …
Read More »KCCA gets more time to ‘waste’ on road repairs
AfDB gives city 40 months more to complete roads rehabilitation project Kampala, Uganda | RONALD MUSOKE | Kampala Capital City Authority officials have got another 40 months to waste on a roads rehabilitation project funded by the African Development Bank Group (AfDB) which was supposed to be completed by 2025. This …
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