AfDB Projects Naira, Cedi Fall Due to Low Export Earnings
African Development Bank (AfDB) has revealed that Nigeria’s naira and the Ghanaian cedi are among the African currencies that are expected to witness a decline this year driven by a potential fall in export earnings.
The...
AfDB Grows Capital from $93bn to $318bn in 10 years as Adesina Bows Out
The African Development Bank (AfDB) recorded a surge in capital growth, expanding by 241.9% over the past decade.
This is just as the institution prepares for a leadership transition this week with...
Development Banks Project $610m to Combat Africa’s Climate Threat
The African Development Bank and the Islamic Development Bank are pooling a $610m joint initiative to combat climate-driven fragility and bolster resilience in Africa’s most vulnerable regions, particularly the Sahel and Horn of Africa.
The announcement was...
THE African Development Bank (AfDB) has launched a new five-year Country Strategy Paper (CSP) for Nigeria, marking a significant commitment to support the country’s development priorities amid concerns about the historical inconsistency in national planning.
AfDB Provides $650m Annual Economic Boost to Nigeria
The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity.
The Bank disclosed this in...
Africa Must Stop Buying What it Already Has
Sidi Ould Tah
Pull Quote: The future is still ours to claim. But it will not be given. It must be built – by Africans, for Africans, with partners who respect our agency and match our ambition.
Across...
