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Tag Archives: African Development Bank

US urges probe into alleged ethics breach by African Development Bank

Abidjan, Ivory Coast | AFP | The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina. In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of …

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AfDB approves emergency grant to curb desert locusts in East Africa

Kampala, Uganda |  THE INDEPENDENT |  African Development Bank has approved USD 1.5 million emergency relief grant to assist nine countries in the East and The Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security.   The proposed assistance will be channelled to …

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Parliament committee cautions gov’t on expensive China loans

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament has asked the government to scale down debt contracting to only projects that have high economic and financial returns, and target cheaper concessional loans to finance investments. According to the committee, as the country’s external debt position faces …

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