#African Development Bank (AfDB)

[examsabi]

How to Apply for the 2025 African Development Bank (AfDB) Internship Program

African Development Bank Students can gain professional and hands-on experience at the African Development Bank through the AfDB Internship Program. Additionally, the program gives the Bank access to a pool of possible applicants for upcoming hiring needs. Along with receiving a monthly stipend, qualified interns will also be covered by the bank’s health insurance program. Details, eligibility…

[saynaija]

Youths Need Capital Not ₦10,000 Freebies, Says AfDB’s Adesina

Youths Need Capital Not ₦10,000 Freebies, Says AfDB’s Adesina The President of the African Development Bank (AfDB), Akinwumi Adesina, says Africa’s youth bulge is a demographic asset that has to become an economic asset through rigorous investment in human capital development and financing. The former Nigerian agriculture minister said youths in Nigeria and other 51 countries in Africa don’t…

[netbuzzafrica]

African Development Bank Promotes Good Governance for Water Access in Kenya

Kenya’s Water and Sanitation Investors Conference 2024, held in the capital, Nairobi, concluded with a call for accelerated investment towards universal access to water and sanitation by 2030. The March 6-8 conference underscored the need for collaboration to support governments in bridging the financing gap through private sector funding, blended financing from commercial banks, Development…

[guineamarket]

Un nuevo informe revela que los países africanos han generado 1700 millones de euros en ingresos adicionales al abordar la evasión fiscal y los flujos financieros ilícitos

La Organización para la Cooperación y el Desarrollo Económicos (OCDE) estima que África pierde hasta $60 mil millones cada año en flujos financieros ilícitos. Según el informe de progreso de Transparencia fiscal en África de 2023 ( https://apo-opa.info/3D4ydri ) presentado en la 13.ª Reunión de la Iniciativa África en Ciudad del Cabo, los países africanos han obtenido ingresos adicionales por un…

[beardedmrbean]

Mauritania's former economy minister Sidi Ould Tah on Thursday clinched victory with 76.18 percent of votes in the third round of an election in Ivory Coast's economic capital Abidjan for the post of president of the Africa Development Bank (AfDB).

His closest challenger, Zambian economist Samuel Munzele Maimbo, was second on 20.26 percent.

Ould Tah succeeds Nigeria's Akinwumi Adesina to become Africa's next "super banker".

The latest contest took three rounds of voting to secure the requisite majority of votes from all member countries and a majority of votes from African nations.

In 2015 it took six rounds of voting to elect Adesina as president of the AfDB, which was founded in 1964 and now has 81 members, including 54 African nations.

The weight of each shareholder state is determined by the extent of its capital contribution to the bank.

As such, the five largest African contributors – Nigeria, Egypt, Algeria, South Africa and Morocco – will be especially courted, with the United States and Japan the largest non-regional contributors.

As such, alliance-building is seen as key to secure the prestigious post.

Tackling tariffs, economic uncertainties

The AfDB is one of the world's largest multilateral development banks and is funded by member subscriptions, loans raised on global markets as well as repayments and income from loans.

Ould Tah faces a disrupted international economic environment, notably due to US President Donald Trump's tariff announcements.

Beyond tariffs, the AfDB is also facing the threat of losing 500 million dollars in US funding for its projects to support low income countries on the continent.

In the lead-up to the election, all the candidates in the race promised to make the AfDB even more effective to transform Africa, continuing Adesina's five priorities to light up, feed, industrialise, integrate and improve quality of life.

"I am proud of the legacy we are leaving behind for... my successor, for the bank and for Africa," the outgoing president said in a speech on Tuesday.

"We have built a world-class financial institution that will continue to advance Africa's position within a rapidly changing global development and geopolitical environment," he added.

Adesina said 565 million people had benefited from AfDB projects during his decade in charge.

Major projects include support for the construction of the Gabal El Asfar wastewater treatment plant in Egypt – the largest in Africa.

The bank also helped finance a bridge connecting Senegal and the Gambia, expanded the port of Lome in Togo and supported sanitation projects in Lesotho and access to electricity in Kenya, he said.

From 2015 to this year, the bank's capital more than tripled from $93 billion to $318 billion, he added.

[bdigit24]

the road ahead for AfDB’s new president

Sidi Ould Tah’s election to the helm of the African Development Bank (AfDB) in May comes at a pivotal moment for Africa’s biggest multilateral lender. Africa is grappling with a worsening funding crisis and the increasingly urgent need to assert its economic independence amid fraying global multilateral cooperation. Many African governments face severe fiscal constraints, squeezed by dwindling…

[accrastreetjournal]

AfDB Pledges Support for Ghana’s $10 Billion Big Push Agenda, Eyes Transport as Strategic Entry Point

ACCRA, Ghana – June 2025 | The African Development Bank (AfDB) is aligning closely with Ghana’s flagship Big Push infrastructure agenda, signaling renewed momentum for strategic transport investments expected to unlock the country’s economic potential and position it as a regional trade hub. Speaking during a high-level press briefing in Accra, Solomon Quaynor, AfDB Vice President for Private…

[buddyverse]

A Deeper Look at Nigeria's Progress (and Pain) We know the headlines can be fleeting, but the story of Nigeria's development runs deep. Perhaps you've felt that moment when the weight of unmet potential often settles... Our latest article delves into the African Development Bank's report on Nigeria's public service delivery. It's a nuanced piece that celebrates our above-average ranking while candidly addressing the challenges, including the impact of recent reforms. We believe it offers a vital perspective. Would you be open to giving it a read? Find it here:

[citypeoplenews]

Tinubu Congratulates Sidi Ould Tah, Commits $50m To AfDB Fund

President Bola Tinubu congratulated President Mohamed Ghazouani of Mauritania on Sidi Ould Tah as the ninth president of the African Development Bank (AfDB) Group. The election took place on Thursday at the AfDB annual meetings in Abidjan, Côte d’Ivoire. Before this, Tah served as Mauritania’s finance minister and led the Arab Bank for Economic Development in Africa (BADEA). Following Tah’s…

[akeliciousmedia]

Muhammadu Buhari Congratulates Adesina on Successful AfDB Tenure

Former President Muhammadu Buhari has commended Akinwumi Adesina for what he described as a “spectacular performance” at the helm of the African Development Bank as his second and final term comes to an end this August. Buhari hailed Adesina’s leadership and his unmatched achievements on Thursday in a statement obtained by PUNCH Online, noting with pride the role he played in securing Adesina’s…

[afrotumble]

AfDB secures record $11 billion in new investments for 2024–2025 | Business Insider Africa

[geezliberia]

Liberia’s Finance Minister Augustine Ngafuan Elected Chair of African Development Bank Constituency 15

Liberia’s Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan, has been elected Chair of Constituency 15 of the African Development Bank (AfDB), a key regional bloc comprising Liberia, Ghana, The Gambia, Sierra Leone, and Sudan. The election was held during the 2025 Constituency Annual Meetings, taking place on the margins of the AfDB Annual Meetings in Abidjan, Côte…

[xamblog-com]

Nigeria’s GDP Per Capita Plunges to $824: AfDB President Warns of Economic Decline Below 1960 Levels

Nigeria’s economic decline has hit a sobering benchmark. According to Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), Nigeria’s GDP per capita has dropped to $824—a significant regression that places the country’s economic well-being below its post-independence level in 1960. Speaking during the 2nd Nasarawa Investment Summit held in Lafia on May 15, 2024, Dr. Adesina…

[bdigit24]

‘Solidarity with women is an economic strategy’

The Arab Bank for Economic Development in Africa (BADEA) has partnered with the African Women Leaders Network (AWLN) to promote financial inclusion for women entrepreneurs on the continent. The two organisations, which signed a memorandum of understanding (MoU) on the sidelines of the African Development Bank (AfDB) annual meetings in Abidjan, pledged to work together to boost access to capital…

[accrastreetjournal]

AfDB and IADB Swap Risk Like Pros: $3.2B Deal Supercharges Global Lending Game

Editorial Summary: In a bold financial maneuver, the African Development Bank (AfDB) and the Inter- American Development Bank (IADB) have renewed a $3.2 billion exposure exchange agreement, showcasing their adeptness at risk management to amplify development lending. This strategic move enables both institutions to optimize their balance sheets, reduce portfolio concentration risks, and unlock…

[nsemkekanews]

Ghana’s debt-to-GDP to narrow slightly below 60% by December 2025 - AfDB - Nsemkeka

Ghana’s debt-to-GDP to narrow slightly below 60% by December 2025 – AfDB – Nsemkeka Ghana’s debt-to-Gross Domestic Product (GDP) is expected to narrow slightly below 60% by the end of 2025. According to the African Development Bank (AfDB) 2025 Economic Outlook, this would be a little lower than the 61.8% recorded in 2024. The Bank of Ghana reported in its May 2025 Summary of Economic and…